日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar


Hot Links
China Development Gateway
Chinese Embassies


Lending Changes to Curb Economy Overheat

The interest rate floating range may widen and commercial banks may be requested to optimize their lending structures during the upcoming May Day holiday, said an official of the China Banking Regulatory Commission Thursday.

 

“The upper limit of interest rates on lending to some overheated industries, such as steel and real estate, would be set higher to help lenders ward off risks,” said the CBRC official.

 

Finance industry officials said that the central bank is considering removing the ceilings on bank lending rates while maintaining controls on bottom rates to clamp down the excessive lending that fuels rapid expansion in certain industries.

 

Domestic commercial banks have been allowed to set lending rates 70 percent higher than the guiding rates set by the People’s Bank of China since the beginning of this year.

 

A wider band of lending rates would enable commercial banks to lend according to their risk assessment. Borrowers from the overheating industries would be likely to face higher charges from banks.

 

China, which posted 9.7 percent economic growth in the first quarter of this year, this week ordered companies in the aluminum, cement and real estate industries to provide a minimum 35 percent of the investment in any new projects, compared with the previous requirement of 20 percent.

 

The CBRC official said the new rule would require commercial lenders to adjust their lending structures.

 

“Most of the new loans in the previous months of this year were medium-and long-term loans, which are too risky for lenders,” said the official.

 

Lenders in Shanghai extended loans worth 79.0 billion yuan (US$9.5 billion) in the first three months of this year, 49.9 billion yuan of which was in loans amortized for more than five years.

 

The CBRC official also confirmed yesterday that all joint-stock commercial lenders on the mainland had temporarily stopped approving new medium- and long-term loans before May 1.

 

(Shanghai Daily April 30, 2004)  

Investment Projects Examined Across China
Central Bank Official Calls for Curbing Investment Overheat
Alerts Issued on Overheated Sectors
China's Economy Not Overheated
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 承德市| 南皮县| 永年县| 蒲城县| 永年县| 芦溪县| 大同市| 荥阳市| 京山县| 庄河市| 太白县| 响水县| 松溪县| 青河县| 读书| 西华县| 湘潭市| 灵武市| 鄯善县| 宝兴县| 巴马| 岳阳县| 新乡县| 叶城县| 都兰县| 监利县| 桃园市| 涡阳县| 绥滨县| 博白县| 怀远县| 鲜城| 奉贤区| 双城市| 池州市| 菏泽市| 伊川县| 社旗县| 阿鲁科尔沁旗| 丁青县| 苍溪县|