The CBRC asked the bank to recover the illegal stock speculation property loan

Sources said that the CBRC asked banks to carry out credit funds illegal investment in the city, housing and credit card overdue loan risk self-examination, the self-examination found that the credit funds illegal entry into the stock market, housing, to recover all loans. A news source from the banking sector disclosed in Monday, the CBRC recently asked banks to carry out credit funds illegal investment in the city, housing and credit card overdue loan risk self-examination.　　Self-Examination focus on whether the developers misappropriation of development loans to buy hoarding land, whether borrowers to credit funds, financial products, or as futures margin.　　This newspaper failed to obtain confirmation from the CBRC on the news.　　According to sources, the China Banking Regulatory Commission also asked banks, the self-examination found that the credit funds illegally entered the stock market, housing, to recover all loans. The source of the document said, "is to check the credit funds illegal access to the stock market, as well as the property market."　　The source also said that at present, the banking regulatory department has found that some banks have to relax the management of loans, some enterprises misappropriation of credit funds into the stock market, housing, and some individuals misappropriation of consumer credit funds into the stock market. Others in the banking sector also pointed out that the CBRC had previously prohibited banks from issuing loans without a specified purpose. However, the actual use of the loan by the borrower may not be consistent with the purpose of the contract. "The situation is there, but it is more difficult to find."　　"According to the economic reference newspaper Monday reported that up to Friday, the January domestic financial institutions to increase the renminbi loan is close to 1.6 trillion yuan."　　This means that, while regulators have repeatedly stressed the need to maintain a reasonable balance in credit delivery, the credit crunch has become a stereotype, driven by the business interests that banks first benefited from lending.　　Opinion and Speech fan: the pressure on asset bubbles is alarming, said fan, the central bank's monetary policy member, in Monday, that the pressure on China's inflation and asset bubbles was "worrisome" and that excess liquidity was a problem. Fan said in a forum that inflation, measured by CPI, would not easily become high.　　Rising energy prices are a big factor in inflation, but conduction takes time. "Asset bubbles are real concerns for China. "he said.　　He also said the market had rightly grasped the message conveyed by the Central bank's recent regulatory moves. In Saturday, Zhu Min, the central bank's deputy governor, said managing inflation expectations would be one of the biggest challenges facing Chinese policymakers this year.　　Consumer prices are likely to face more upward pressure as China begins to implement reform of its utility pricing mechanism, Zhu said.　　China's consumer prices are starting to rise, Zhu said, but the government will continue to implement aggressive fiscal policy and moderately loose monetary policy, and China needs to improve its policy orientation and flexibility in the light of new circumstances. Qu Hongbin: Beware of the risk of overheating the growth outlook is optimistic this year, with more than 9% per cent growth expected to be dependent on domestic demand, and this year's economic risk is largely a result of the overheated risk of economic growth exceeding expectations.　　"The other yesterday," said Qu Hongbin, HSBC's China chief economist. Qu said thatA number of "Tiegangki" projects were launched last year, which required continued funding, and in other ways the stimulus has a multiplier effect, such as increasing employment and further boosting consumption.　　So even if the export situation is still repeated, this year's growth prospects are still very optimistic. It is noteworthy that Qu Hongbin believes that if the export situation returns to a more moderate, then the contribution to GDP will reach about 0.5%, achieve GDP growth of 9.5%, and if exports recover faster, such as annual growth of more than 20%, then GDP may reach 12%~13% level, " This exceeds the limit of growth and there is a risk of overheating.　　"And the data released from the four quarter last year show that the signs of excess expectations have been revealed." Qu Hongbin believes that the next 6 months, the trend of monetary policy will become more and more obvious, the deposit reserve ratio has 3 times ~4 room, and eventually raised to 18% level. The first rate hike will be ahead of April, with two interest rate hikes in the first half, and window guidance will be tough to rein in the credit scale. (Li Wen)