综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

BIZCHINA / Top Biz News

PBOC move to further curb lending
(Xinhua)
Updated: 2006-06-20 14:02

The People's Bank of China (PBOC) on Monday ordered commercial banks to further cut back on lending, following last Friday's move that requires them to keep more reserves at the central bank.

The central bank needed to tighten up the banking system's liquidity management, further curb the excessive growth of money and credit, and continue to guide commercial banks on controlling the size of medium- and long-term loans, said the bank directive.

The PBOC raised China's benchmark lending rates by 27 basis points in late April, but the economy has shown no signs of slowing from its 10.3 percent growth rate in the first quarter, according to the May economic data.

Chinese banks extended 209.4 billion yuan (26.1 billion U.S. dollars) worth of local currency loans in May alone, nearly double that of the same month last year, the PBOC said.

The PBOC on Friday announced it was increasing the reserve ratio for commercial banks by 0.5 percentage points from July 5.

The move will bring the reserves that most banks are required to keep on deposit with the central bank to 8 percent, taking about 150 billion yuan in funds out of circulation.

The PBOC directive, issued after a quarterly meeting held by the bank's monetary committee, said macro-policies should be coordinated in an effort to "actively expand consumer spending, optimize the investment structure and rein in the already fast growth of investment".


(For more biz stories, please visit Industry Updates)

 
 

石渠县| 南岸区| 固始县| 衡阳市| 长岛县| 佛学| 屯留县| 萝北县| 齐齐哈尔市| 化德县| 古蔺县| 乌兰察布市| 金门县| 普格县| 兴隆县| 松江区| 阿荣旗| 磴口县| 稷山县| 宽甸| 仙桃市| 临洮县| 扶沟县| 怀远县| 忻州市| 崇文区| 六枝特区| 山东省| 鄯善县| 龙海市| 泌阳县| 获嘉县| 砚山县| 奈曼旗| 乌海市| 海城市| 内乡县| 黑山县| 磐石市| 南宁市| 武宣县|