Sunday, January 15, 2012

Expert: Bank money shortage is ecbolic package short-term reform main turning point

Explanation:

Distribute product of conduct financial transactions in great quantities, violent wind of quickness of market money rate rises, the war of blue print big fight that launchs between the bank diffuses.

Data:

Reporter discovery, the anticipation that property of reason of these two days of banks tastes yield is rising.

Explanation:

The Central Bank was not pressed anticipate skill helps city, shanghai is deep a next defeat of two city, is the solution that forum of finance of mouth of Shanghai land home seeks after all " Qian Huang " or " flustered " ?

President of bank of people of week coulee China:

Finance of ouvancouver to harrison hot springsr country economy moves overall it is smooth, prices situation is stabilized basically, showing firm monetary policy is appropriate, the effect is good.

Explanation:

Monetary supply already exceeded two hundred and seventy-six million four hundred and forty-seven thousand two hundred and thirty-two, hypostatic economy financing as before difficult, new reform of round of finance, how had used new fund,

" news 1+1 " pay close attention to now: Bank financing how " go up to be married to the bridal sedan chair to mnorton internet antivirusan " ?

News analyst white rock is soft:

Hello audience friend, the welcome is watched of direct seeding " news 1+1 " .

This one act that a moment ago you see is the reporter chases him after Zhou Xiaochuan speaks, say this one act normally we see him, should be to be in annualTwo meetingsIn the center, but on the forum of finance of land home mouth that this one act gives to be in Shanghai this morning now however. After coulee of week of Central Bank president speaks, the reporter begins to chase instantly intercept him. Reason actually not complex, this week China money market faces very grim challenge it seems that, above all Zhou Yi, Zhou Erzhong national endowment our market steeps fall, the biggest drop be equivalent to whole grail dropping stop, in time of two days, restore somewhat again later of course, when returning Chinese money market next, everybody is being used " Qian Huang " such concepts, measure this kind of challenge that we face, be after all " Qian Huang " or " is the person confused " ? Return the forum of finance of land home mouth this morning, among the speech that returns Zhou Xiaochuan.

Explanation:

Violent wind raises yield of product of bank conduct financial transactions last week, this stock market inside Zhou Guo drops abruptly, this is right everything all because the market between the bank is short-term,financing appears nervous.

On June 22, 2013 news:

The closest period of time, interest rate of the short-term loan between the bank rises high, bring about bank fluidity directly cut.

Often encountered this kind of situation in the past. The Central Bank can put in capital to stablize interest rate to the market, but this the Central Bank helps city without skill tardy however.

Negotiable securities of an ancient name for China of Liu Yu brightness is presiding economist:

Central bank wants to use this strategic pass, let him bank adjust his behavior, had managed oneself balance sheet.

Explanation:

The stock market appears steep fall, bank atmosphere is nervous, everybody is asking, why don't have as the Central Bank according to anticipate skill helps city. Do it actively so, the monetary policy that whether alludes China is about to change direction, and subsequently the Central Bank chooses the ground to offer partial fluidity to support again, it is the great debate that initiates industry waver more, who can unlock these interrogation, a series of phenomena that this Zhou Jinrong market appears, let numerous media must reach look focusing the Shanghai land home with heavy today cloud and mist the mouth. Because coulee of week of person of door of Central Bank palm is this morning on opening ceremony of forum of mouth of 2013 land home,want to address.

Reporter of Meng Qunshu media:

Pay close attention to the president of the Central Bank particularly, want to listen particularly about to monetary policy a manner of this respect.

Explanation:

However Zhou Xiaochuan starts to talk to invite reporter of a lot of media however to one's great diappointment, the speech because of Zhou Xiaochuan did not allude at all the public pays close attention to before this, the market between the bank is short-term financing is tight.

Zhou Xiao produces president of Chinese people bank:

Since the conference is to be in Shanghai to leave, leave in land home mouth, I consider a subject or want to tell, build Shanghai into international banking center.

Explanation:

Make a speech to was not responded to directly not only, attentive media person returns discovery, the Zhou Hang that all along fluent be completed makes a speech is long, make a speech this, scarce however ground chose to read aloud draft, ground of such choose one's words with great care is careful, also caused everybody's attention.

Have炘Media reporter:

This his speech still may compare the government, mix namely that announcement that goes out before the Central Bank, actually requirements is consistent, media wants to know a few inside story most, he won't say possibly directly, also be the idharrison hot spspring poolring weather forecastentity that follows his individual also concern.

Explanation:

The speech nears end, when reporters guess Zhou Xiaochuan to won't express view with respect to heat problem again, he however suddenly the topic of conversation turns.

Zhou Xiaochuan:

Finally, I also discuss current economic situation.

Explanation:

But everybody discovers, zhou Hang grows or the choice continues to lower his head to read aloud draft.

Zhou Xiaochuan:

Want to guide financial orgnaization to maintain reasonable credit to put in, reasonable arrangement asset is indebted gross and deadline structure, support hypostatic economy structural adjustment and transition to upgrade.

Explanation:

The opening ceremony ends, zhou Xiaochuan half step leaves the scene, although reporters flock,follow, but they are empty-handed.

Bai Yan is loose:

When Central Bank president Zhou Xiaochuan says this morning, when I still should discuss a such issues of Shanghai banking center, oneself laughed, because he knows the expectation next actually, the expectation that the content that him likelihood should interpret follows everybody not quite conform to. In draft of 559 words speech, talking how to turn Shanghai into financial center for the most part, remain hundreds of words to face current condition. But this hundreds of words let me think of, si Pan of beautiful couplet Chu Gelin says a famous remark that pass a lot of years ago, it is this meaning roughly, if you understood the word if I say, be your understanding fault certainly. Actually I feel coulee of week of Central Bank president also has some kind of such wind model. He this word left and right sides ases if to say, let a lot of expect to get new information, and be opposite this " Qian Huang " the reporter that gives the front the answer, perhaps say the public, more or less can have a few disappointmthe most popular selling norton internet antivirusent. Be aimed at him nevertheless in this word, still should have more professional unscramble.

The Tsinghua university China that next we should give please and Li Daokui of director of world economy research center. Director Li, hello.

spring poolLi Daokui:

Rock is soft, hello.

Bai Yan is loose:

You also observe and analysed Zhou Xiaochuan the speech this morning, a lot of people can feel, he ases if whats did not say, stress firm monetary policy on one hand, also want to make sure certain fluidity is waited a moment on one hand additionally, do you feel his true what did not say?

China of university of Li Daokui Tsinghua and director of world economy research center:

I fall not so think, I feel the public thinks the process that did not say is medium, actually he published two very important signal:

The first, the Central Bank still should devote oneself to to stabilize money market, if appear,be farther if finance is panicky, the Central Bank won't sit by and watch no matter, the primary mission of the Central Bank should stabilize financial system namely, should make any panic is far from us, because once panicky happening, hapless may be hypostatic economy however, hapless is ordinary common people.

The 2nd, at present financial system of China, fluidity is sufficient ground is abundant, need not worry, and from long-term in light of, should progressively ground holds to the direction of a reform, collect these stage by stage at these capital of the bank namely, how to guide other markets to go up, include the stock market, include way of direct other and direct financing to wait a moment, see dispute often be made clear from reform general orientation.

Bai Yan is loose:

Still have content. Director Li, I serve as individual word today, I paid close attention to him to convey a such content particularly, seemed to be in the concept of Chinese tradition in the past, having Qian Cunqi to come is goodness, but Zhou Xiaochuan says casually it seems that today, our deposit took the in part of GDP, look from long-term point of view, it seems that a bit exorbitant, in the future should e.g. bond market, include to develop capital market of finance, direct financing is waited a moment, a kind when the money that whether this is much to passing now common people puts in the bank long-term, one kind denies, it is a kind of distrust to bank future even, perhaps should develop capital market more, how should unscramble him this as if casual content.

Li Daokui:

Really, inside economics, emphasize spending particularly, everything is one divides into two, especially finance inside this domain, deposit is very tall, much money emerges to the bank, this thing is in a capital is auspicious thing in system of exceeding shortage economy. Past Russia reforms inchoate most welcome a circumstance, but China today outstep, china is many today deposit, capital, center in bank system, brought a series of problem, bank system spoken parts in an opera, cannot have used these fund very advantageously quite, short-term inside, in the closest period of time, discovered rapid credit rises, for example this year first quarter, whole social financing amount rose 59% , adjacent 60% . So fast rise, by nature, and at that time of the United States second those who borrow crisis just the same, just degree differs somewhat. Not only credit is rapid and outspread, and in bank system, form the mechanism of give change of a cash.

E.g. a bank, the irresponsibly sought a company casually, borrow him with the interest rate of 9% , the probability that knows reimbursement obviously is very low, but he asks with the cost of 8% others lends money this money, earn the interest rate of 1% . The 2nd bank so good a return rate of 8% lends money for excuse with it, borrow 7% , layer upon layer raise the quota, a money was formed to pursue the case of money inside bank system, once this kind of circumstance is formed, consequence is unimaginable.

Bai Yan is loose:

Pardonable premier is stressing hypostatic economy ceaselessly, we are to be in the United States second after borrowing the crisis to appear, still return uncannily to play fictitious cash give change a such game, why don't we grow memory? Director Li.

Li Daokui:

Actually the problem inside all financial systems, it is such constitutionally, it is to be in repeat ceaselessly most lowermost class this kind is wrong, just this kind of elementary mistake is to use a kind of camouflage with a kind of very beautiful short-term to rise to camouflage. A lot of people are told, be in the United States for example second at the beginning of borrowing the crisis to erupt, a lot of people told financial system of the United States to find the way that an ego protects, design very complex insurance product, provide insurance to credit product, the result spreads the risk to insurance company, same also today, a lot of people are told today, chinese capital is very much, chinese economy still is not bad substantially, accordingly, we have very good banking product, after was being circled a few rounds so, a lot of people puzzled, but it is same constitutionally, the mistake is same elementary.

Bai Yan is loose:

This actually Yu Zhi is everybody " Qian Huang " , actually Cong Mou is planted may be flustered for angle, perhaps say certain train of thought has a problem, but appear this problem is not terrible, because appear,the problem often is what should solve a problem is important begin. The closest these days, when some are afraid, a lot of a lot program, include train of thoughthe best selling watch casest, also appearing stealthily, do not pass or want from capital market steep fall speak of.

spring pool

On June 24, 2013 data:

In pairs of Shanghai late stock market drops substantially today, go up among them the integer that card put together points to fall 2000 a little bit, the odd-numbered days of 5.3% drops, also be the odd-numbthe best spring poolered days that comes nearly 4 years most.

On June 25, 2013 data:

So Shanghai late stock market is early today dish of posture that continues to drop, dish in it is puncture for a time integral col of 1900 bits, early dish receive a reply at 1888.68 bits, this also is the nadir that comes 4 many years.

On June 26, 2013 data:

This morning after open quotation, point to after the first does oscillation slightly, dive once more.

Explanation:

The soul-stirring of Chinese stock market of this week, zhou Xian drops 4.53% , lunar string drops nearly 14% , achieved nearly 4 years to come the biggest only month tumbles.

Citizen:

Investment share, the stock falls very badly.

Citizen:

We these days be out of pocket when, compensate 80 thousand, my individual a week.

Explanation:

Be anxious on the stock market, those who buy product of bank conduct financial transactions is the brows on happy event however.

Citizen:

These two days are done to the bank make deposit, economy income rose, it is meddlesome affection to us.

Citizen:

Return actually pretty good, will say gain to common people the meeting is a few taller.

Explanation:

Be far from stock market investor to those for, product of this week bank conduct financial transactions anticipates a day to accrual forthright and sincere is same, withEnrol merchant bankFor exemple, a grain property of 3 months is tasted, anticipate yield was achieved 7% . Additional, the product of conduct financial transactions that bank, restful bank believes in anticipates yield rises generally also 5% , 6% above, data shows, before June 20 days, the commercial bank distributes product of conduct financial transactions of 3 months RMB in all 887, anticipate yield is on average 4.28% , relatively in May the average yield of 4.05% , promote 0.23 percent. And deposit money to attract, each bank it may be said is enrolled exceptionally each, send oil, send rice, those who send birthday cake, even still the bank submits an expense account to depositor take a taxi back and forth of money. Attract deposit on one hand, on the other hand a few banks also had change on loan policy. Be in Shenzhen, partial bank had cancelled a flatlet to borrow interest rate privilege, although loan applies for to succeed, also need to await loan queueing up.

Shenzhen starts line of business bank credit clerk:

Secondhand room principle does not have a discount now, (Loan) short-term inside so won't fast now, can queue up to wait only, whole capital compares insecurity entirely now.

Bai Yan is loose:

We see a curve first, this week arrives Zhou Er, whole Shanghai city is the biggest drop, from time of half, be less than two days, dropped 1850 a little bit, 220 bits drop, exceed 10% . Pardonable also somebody begins to be discussed seriously, chinese football follows Chinese stock market which worse, final of course result or Chinese football more flooey, because it does not have a bottom, at least of Chinese stock market still has a background. But in this moment a problem came out nowfree modern dining chairs with respect to float, continue to join line plum paddy Director Kui Li next, director Li, a lot of person can feel to view appearance government this is iron heart, the Central Bank is iron heart, the bank cries again, also do not nurse instantly, we should hold out the past. But final discovery, still moved to a few orgnaizations, went feeding a grandma to it, somebody thinks this is compromise, do you agree with compromise this word?

Li Daokui:

I do not agree with compromise this word, in fact once produced panic,a of financial system tremendous characteristic is, it can be in ten minutes in, a few minutes in, spread everywhere to whole banking system quickly, so once panic happened, arrived this moment, very candid ground is told, have fire fighting only a thing, if not the word of fire fighting, its impact is very very can fast, big, the range that final injury reachs may be the ordinary common people that concerns directly without what with the bank. E.g. occurrence panic of this banking system, a lot of first time want to buy house common people, building loan is approved slow, if if this financial panic continues to continue,going down, I believe a lot of first the room borrows these common people, couldn't get a room to borrow at all, so the time of financial system, superintendency time, should put in beforehand, once appear,the circumstance of be on fire can be saved only.

Bai Yan is loose:

The heart that becomes it namely appears problem, give it first quick result saves heart bolus, remind his healthy lifestyle again next, even if he is,drink cause. But next the 2nd problem appeared, local after was being saved so, whether did the crisis go this?

Li Daokui:

Yes, if local if saving, do not solve a problem this, so my viewpoint, fire should be saved, but after fire fighting, should undertake immediately comprehensive, deep package reform plan, the measure of reform, rectified measure, want to move immediately.

Bai Yan is loose:

According to your present observation and analysis, the measure that we include the Central Bank and governmental correspondence now and rhythm are reasonable, publish the measure of a lot of reform that you expect whether likely, unlock field of a few investment to wait a moment to civilian battalion for example.

Li Daokui:

From the point of current condition, should be completely possible, I notice the leader of the closest country, tell repeatedly in different situation, we should give Taichun to reform measure for a long time not only, and short-term also should publish measure of a few reform, look in me most the most important, short-term what should come on stage immediately is 3 things. The first thing, want quickly to start civilian battalion investment, want to encourage civilian battalion capital to enter the investment field of a few accurate communal products especially, chinese economy is short-term most most those who be short of is this kind of accurate communal product, include these clean water, include the processing of water pollution, include air to pollute processing, include urban underground to manage the construction of the net, these domains can pass system innovation completely to introduce the investor of a batch of civilian battalion.

Bai Yan is loose:

Let surplus money have a place again, among the life that lets the product that people needs be able to return people again at the same time.

Li Daokui:

Yes, also stabilize growth through this means at the same time, do not forget actually, while finance is panicky, another thing also very urgent, that is economic growth rate, and even at other whole economy pulse, delay takes in apparent ground, this kind takes the trend of delay, if evolve into the word that go down again, consequence also is very serious.

The 2nd thing, financial system itself must want to rectify, make an example, want a those bad debt, bad Zhang namely, improper loan, must cut away, like tumor, cut clean, if be not cut clean, so new fund, the capital of Central Bank new infuse, in the old loan that can flow into these tumor type again. Why? Because serve as the manager of the bank people, their afraidest thing, it is the investment in the past, form bad debt, want to press it, do not want expression to come out, so forever the first reaction takes new fund filling bad debt, bad Zhang, be equivalent to tumor attracting, the nutrition that uses up us, this is the 2nd thing, must do finance to rectify.

The 3rd thing, the finance of local government must want to rectify.

Bai Yan is loose:

Because it has extremely intense development impulse.

Li Daokui:

And they use those short-term see those who be less than redound of a lot of finance follow multinomial order actually, serve as bait with them, borrowed a lot of loan, this problem is not solved, still will appear bad debt, bad Zhang.

Bai Yan is loose:

Actually Li Jiao awards all these that speaks of, after this quick result saved heart bolus to eat, the crisis is crossing the past it seems that, but to appear no longer in the future this is planted bigger crisis, still should come on stage more a lot of things of the effect a permanent cure, in this domain, we should continue to pay close attention to.

Explanation:

Change from close Mom wheeler, this is media the appearance that rejects to help city after the stock market dropped greatly June 24 to the Central Bank, and be in with day, chinese people bank expresses to say external, fluidity of system of bank of current our country is overall be in reasonable level.

In the center of Guo Tianyong director of research center of banking of university of finance and economics:

This the Central Bank helps city without rushed skill, because market itself needs to an ego resumes course of a crowded foamy,I think also is.

Explanation:

But passed one day merely, the Central Bank releases announcement to say however in its government website, move smoothly to maintain monetary market. Recently, the Central Bank already to a few finance orgnaizations that accord with macroscopical and careful requirement, provided liquidity support.

Assistant president of bank of people of China of refine of introduced from the northern and western nationalities or from abroad dawn:

People bank is continueing to hold to dovish monetary policy premise under, according to the circumstance of the fluidity of the market, use all sorts of corresponding tools integratedly, adjust the level of bank system fluidity, maintain the overall stability of monetary market.

Explanation

From not throw the troops into battle to note endowment 12 billion, this little change that the Central Bank produces inside a day harrison hot spring public poolof time, what information passing to the market again? The expert says with respect to the analysis, kiss Mom and did not change stepmother, just see child trip was not helped up, hope he himself climbs just, and in this manner backside, was to convey new leader layer more, to the basic concept that domestic economy runs.

Chief economist of company of the gold in Peng Wensheng:

Everybody is telling monetary supply to increase a lot of, but these moneys perhaps say these money, flow a few concern with hypostatic economy not great place, e.g. estate, e.g. platform of local government financing, bringing a result so is on one hand hypostatic economy is squashed, additional on one hand financial venture is in accumulate.

Explanation:

This year May 6, premier Li Kejiang chairs the State Council standing conference, be in this year certainly tax of administrative system, wealth, finance, join the nine key field such as financing, want to increase reform strength, and be in next in time of a many month, premier Li Kejiang is mentioned 3 times again want activation to put quantity fund, with the better issue that supports hypostatic economy. Then, the analysis thinks, this should be irrigated thoroughly destroyed the market looks forward to eagerly to what the Central Bank turns on the water. And this also is representing Chinese government to will be used short painful exchange long-term benefit. For this, ba Kelai bank forecasts England, this one practice will make Chinese economy temporarily hard-land, future in 3 years, quarterly economy of China adds fast meeting to fall to 3% .

Bai Yan is loose:

Be in a few days ago, view a bank in heat when everybody when money is very tight, very much bank came on stage to as if one after another however the product of this kind of conduct financial transactions with very high income, want to continue to teach even line Li Daokui next.

Professor Li, common people should buy sheet?

Li Daokui:

Common people should not buy sheet, because this thing is told substantially, still be the issue that our banking system includes a bank to go out, should not buy sheet by common people, nevertheless I remind a lot of investor, a lot of common people, still want discretion had better, do not think all products of these conduct financial transactions, dou Yongyuan won't break a contact, the risk of break a contact is existence from beginning to end.

Bai Yan is loose:

Additional, sufferred this money to tighten, suddenly market of whole finance capital appears under tremendous and fluctuant circumstance, by what kind of caution should the bank perhaps meditate?

Li Daokui:

The caution of the bank should remember lesson that borrows the crisis well namely, must study the risk of those adversary seriously, not only the risk that is oneself, still be the risk of adversary, become the risk of these trading banks with you, so I suggest the bank wants more careful, stay more a bit, much put apart a few cash, much put apart a few mothball.

Bai Yan is loose:

The last problem, you have a kind of such attitudes it seems that actually, should appear this kind " Qian Huang " panicky perhaps when, is the inning that reforms however instead?

Li Daokui:

Completely such, I think the panic of this finance, not be the crisis, it is panicky, should become ecbolic give a batch, a of package short-term reform main turning point.

Bai Yan is loose:

Where is its advantage? This opportunity?

Li Daokui:

Its advantage tells us, chinese economy, especially Chinese finance is done not have so healthy, although crisis of short-term unapt occurrence economy, banking, but the problem is very big, if be not solved, this kind of panicky meeting spreads quickly.

Bai Yan is loose:

Thank Li Daokui to teach those who accept us to connect a line very much, undertake to us analytic. Actually same argument, crisis crisis, this statement that Chinese ancestor creates is early say this kind of implication that includes this to calculate inside, when danger comes, often also be an opportunity, we hope so.

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(CCTV " news 1+1 " )

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