age of conan gold - QFI

In the context of foreign exchange trend of reducing large, number of monetary policy to fine-tune the channel. It can be expected that banks will continue to lower the statutory reserve requirement ratio, sufficient funds in the interbank market age of conan gold, making bond financing and other non-loan financial instrument to maintain growth. Financial markets are expected to return to the weak "wide monetary tightening credit" pattern. Central Bank announced a few days ago, will be held on February 24th down deposit financial institutions renminbi deposit reserve rate 0.5%. According to estimation of RMB deposit balance 80.13 trillion yuan in late January, this adjustment will release funds to about $ 400 billion. Trends in capital inflows reduced and strictly control the $ 8 trillion in new loans in the context of, to ensure that growth in M2 this year 14%, the Central Bank still needs to lower the depositRate of 3 to 4 times. In order to make the excess reserves of the banking sector as a whole rebounded, so ample funds in the interbank market, making non-loan financing instruments such as debt financing to grow. If capital inflow situation deteriorated, the M2 line, lower frequency of deposit rate may be higher. Central Bank according to the latest statistical data, in January 2012, social finance rulesDie 955.9 billion yuan, 800.1 billion yuan less over the same period. This is mainly because, Renminbi loans increased 738.1 billion yuan, per cent less 288.2 billion yuan, equivalent of foreign currency loans decreased by $ 14.8 billion, up less $ 101 billion; not discount of bank acceptance bills by $ 21.2 billion, $ 336.9 billion less per cent; NET Enterprise Bond Finance 44$ 200 million, up $ 57 billion less; non-financial companies stock financing within $ 8.1 billion, up $ 65 billion less. This reporter has learned, less loans, partly because regulators of this year's unusually strict credit controls. Bankers reflect current credit control policy is the most stringent in recent years, many banks lending indicators on a monthly release, month-end examination�� Expected size of Bank lending in the $ 8 trillion this year, modest recovery trend, but more emphasis on structural adjustment and policy orientation of medium and long-term loans are "limited to old and new". Partly because loss of deposit, loan to deposit ratio of the Bank is 75% constraint. Last year, some after a small bank loan to deposit ratio close to the red line, 75% line approximation, this year the red line and active controlPut on the schedule. At the same time, reduction in January, while foreign currency loans are weakening reflecting the enterprise of RMB appreciation is expected, this weakening is expected to lead to a slowdown in capital inflows. Weak and of other financial instruments, mainly because the market nervous. At present, this tense situation has not improved, on Thursday and Friday on interbank market rates and steep rise. 7-day repurchase rate 2In the close of the 17th 5.39%, once as high as 7%, close to high before the Spring Festival. In 2011, a size of 2.78 trillion yuan. At present, the market expectations of a new Exchange account for this year at about $ 2 trillion, the most pessimistic expectations even as low as $ 1.5 trillion. If calculated on a Central Bank forecast growth of around 14%, 2012 m2 growth of $ 11.9 trillion. If the added loan through the 8 trillion yuan this year, banks this year to buy the non-financial corporate bonds derived deposits need more than $ 1.9 trillion of assets. But the ability to expand the supply of Bank funds, the Central Bank must be continuously lowered deposit rates. For liquidity, control, CPI and asset bubble, since the beginning of 2010, the Central BankIn 1.5 years, 12 times in a row to increase the statutory reserve ratio, large banks peaked at 21.5%, this regulation makes financial markets by 2010 in the number of consecutive "wide monetary tightening credit" overall contraction for the 2011 "tight monetary tightening credit". Even if the Foreign Exchange accounts for as much as $ 2.78 trillion last year, but m-2 growth from 201013.6% the end of 19.7% per cent by the end of 2011. Also, since the four quarters last year, domestic capital flows reversed, foreign exchange accounted for 3 consecutive months of negative growth. Official capital inflows expected for 2012 is not optimistic, Central Bank judgment, net inflow of overall maintained, but is significantly lower than the average level of the past few years the total inflow. In the policy emphasizes speed tuneZhihou, central banks began on December 5, 2011 round of quantitative easing in the first drop, lowered its deposit rate 0.5%. Although markets generally expected in January this year the Exchange will resume growth, but that figure is far lower than January last year worth of scale, this is probably the Central Bank cut its deposit rate is one of the causes."It was extremely nervous market liquidity, interest rates soared on Friday's reaction the secret world gold, could herald a January Exchange is being lines failed to offset the financial deposits. "Chief Political Commissar of Shandong, an economist at Societe Generale Bank said to reporters of the economic information daily. Lion Fund believe that Dragon falling savings rate is mainly meant to alleviate the present liquidity tensions could increase bank lendingForce. February began to pick up in monetary and credit growth is expected. It also means that domestic policy began fine-tuning adjustment in response to 2012 economic boom cycles down. Construction Bank senior researcher, Professor of the Institute of international business and Economics Finance Zhao Qingming of reporters of the economic information daily, keep current drop rate, one credit in January growth was lower than expected, was the second foreign exchangeEven if positive but increases may still be small, 3rd is the most important, current economic Outlook is not optimistic. "Central banks will m 2 in broad money supply growth target for this year is about 14%, up from 13.6% last year and January this year of gains, also means monetary growth was still a considerable space. "Mizuho Securities Asia Limited warhammer online gold, Managing Director, firstI Shen Jianguang judgment, an economist, the first half of fall in reserves of frequency is 4 times, and lowering interest rates is unlikely in the short term. Southern Chief policy analyst Yang Delong says January CPI exceeded expectations, but the decline of inflation trend has been formed, February CPI was expected to fall to below 4%. Main contradiction was to prevent exceeding expectations of the current economic downturn, policiesPine is the inevitable choice. Online statement Gold: gold online reprint of the above content, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.