日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

chinadaily.com.cn
left corner left corner
China Daily Website

Withdrawals force banks to increase interbank borrowing

Updated: 2013-06-20 07:23
By Wu Yiyao in Shanghai ( China Daily)

A massive withdrawal of deposits in early June has put a major squeeze on some banks, forcing them to increase their borrowings in the interbank market to meet their obligations.

Depositors at China's four State-owned banks withdrew up to 140 billion yuan ($22.70 billion) in the first nine days of June. Meanwhile, lending by these banks increased a combined 217 billion yuan, according to a report in the Securities Daily.

Banking sources said that much of the money withdrawn was invested in high-yielding wealth management products, particularly currency funds targeting corporate and local government bonds.

The squeeze came at a time when banks are required to complete their mid-year filings to watchdogs including the People's Bank of China and the China Banking Regulatory Commission. Some banks are busy scrambling for money to shore up their books.

The surge in demand has also caused wide swings in short-term rates in the otherwise staid interbank market.

The Shanghai Interbank Offered Rate, or Shibor, a benchmark of funding costs calculated on the platform of the National Interbank Funding Center in Shanghai, surged on Wednesday.

Withdrawals force banks to increase interbank borrowing

The overnight rate rose a whopping 206.4 basis points to 7.66 percent, while the one-week rate jumped 137.2 points to 8.075 percent. The one-week rate fluctuated between 2 percent and 5 percent between early January and late May.

"The Shibor may dive back to normal levels in July and August because a large amount of PBOC bonds and bills will mature by mid-July," a trader said.

While some traders are complaining that the central bank is not offering any help to ease the cash crunch, analysts said that the PBOC is unable to quickly adjust the reserve requirement ratios because that would have a long-term impact on the money market. The regulator, however, may further liberalize interest rates, they added.

Jian Chang, an analyst at Barclays Research, said the probability of a cut in interest rates has increased after the May inflation and economic activity data were released.

"We believe that a rate cut wouldn't benefit the most relevant sectors of the real economy, such as small and medium-sized enterprises, and that it would boost property prices and lead to a property boom. Hence other policies, such as structural tax cuts, like VAT tax cuts to support the services sector, and targeted policies on the property sector, are needed to complement the macro easing," said Chang.

Chang said that the PBOC may increase the deposit rate ceiling this year, even as it weighs the benefits and costs of a rate cut.

The PBOC reiterated in a report released in early June that it will maintain a prudent monetary policy, while pushing forward interest rate reform this year, along with strengthening the two-way movement of the renminbi exchange rate and a more liberalized capital account.

 
 
...
主站蜘蛛池模板: 成人自拍视频在线观看 | 欧美一级在线观看 | 欧美性生活一级片 | 成人国产精品久久久网站 | 国产视频在线一区 | 91丨porny丨海角社区 | 超碰10000 | 天天干天天色天天 | 亚洲欧美日本在线 | 久热99| 国产夫绿帽单男3p精品视频 | av第一页 | 国产又粗又猛又爽又黄视频 | 天堂岛av | 国产精品麻豆免费版 | 欧美综合色 | 国产综合91 | 日韩视频中文字幕在线观看 | 好吊色视频在线观看 | 中文字幕亚洲激情 | 老鸭窝av在线 | 爱情岛论坛自拍 | 色综合91 | 亚洲午夜av | 久久久久免费看 | 亚洲一二三在线观看 | 国产精品一线 | 波多野结衣黄色 | 成人小视频免费观看 | 国产精品伊人久久 | 毛片网站免费观看 | 欧美亚洲网 | 国产精品一级二级 | 国产又粗又大又爽 | 亚洲国产精品成人综合久久久 | 中国成人毛片 | 成人无遮挡 | 一级毛毛片 | 国产精品美女久久久久久久久 | 久久大胆 | 天天爽天天射 |