What new features will be presented in China's credit market next year

BEIJING, December 24: The next year, China's credit will show what new features to the end of the year, the market is very concerned about the future of credit policy, and recently convened the Central Bank Monetary Policy Committee Fourth quarterly meeting to pass out next year the new information of money credit, "grasp the Speed" "there Is control"　　Become a new feature of next year's credit launch. The fourth-quarter meeting of the central Bank's monetary policy committee suggested that next year it would deal with the relationship between maintaining steady and rapid economic growth, adjusting the structure of the economy and managing inflation expectations. We will continue to implement moderately loose monetary policy, maintain the continuity and stability of the policy, make efforts to improve the pertinence and flexibility of policy, and grasp the strength, rhythm and focus of policy implementation according to the new situation.　　Grasp the growth rate of money and credit, guide financial institutions to balance lending, avoid excessive fluctuations. National securities chief strategy analyst Xu Yi nails, "grasp the growth rate of money and credit, guide financial institutions to balance lending, avoid excessive volatility", reflecting the central bank on the next year the tone of credit growth grasp. "In the first quarter of this year, China's new bank loan reached 4.58 trillion yuan, creating a history record, such volume growth will not happen next year." "The market has been widely expected next year, the size of new credit 7, 8 trillion yuan level."　　Lianping, chief economist at Bank of communications, thought that the central bank exaggerated to avoid excessive volatility, the annual increase in credit will not suddenly decline, although not more than 9 trillion yuan this year, the new increment, but compared with previous years, is expected to be more abundant. In addition to tone the speed of credit delivery, the central bank on the next year, the credit structure also made a new demand, put forward a "keep control" tone. The meeting made it clear that we should increase financial support for economic development and economic restructuring, continue to implement the credit policy of "holding control", adjust and optimize the credit structure, and increase the support of credit policy to economic and social weak links, employment, strategic emerging industries and industrial transfer, Effectively alleviate the problems of agriculture and small business financing difficulties.　　Strict control of the "two high" industry, overcapacity industry and new start-up projects loans. Guo, director of the China Banking Research Center at the Center of Finance and Economics, thinks that next year's credit will undoubtedly follow the general thinking of the Central Economic Work Conference and work on the structural adjustment.　　At present, China's economic situation is generally good, but the structural contradictions are still very prominent, changing the way of economic development is more urgent, in this regard the financial industry will play an important role.　　On the same day that the central bank announced the contents of the four quarterly meeting of the Monetary Policy Committee, the central bank, together with the CBRC, the SFC and the CIRC, issued a notice, the 5,000-word long article on the "have tenure" of the credit structure has been refined. The notice is clearly exaggerated, to meet the key industry adjustment and revitalization planning requirements, in line with market access conditions, in line with bank credit principles of enterprises and projects, to ensure timely and efficient supply of credit funds. No credit support shall be provided for projects that do not conform to industrial policy, market access conditions, technical standards, and project capital vacancy. For industrial projects that belong to overcapacity, they should be strictly examined.Check and approve loans. From the "line of three" issued notice can also be seen next year, financial institutions will be more active with the national Industrial policy and financial regulatory requirements, credit will also reflect the "differential treatment" principle. With a part of this year's credit delivery into the real economy, a part of the industry to enter into overcapacity, the next year, the direction of credit, the focus will be a certain change.