January credit record hit a record high, the data super 4 trillion the same period (Figure) – Sohu F-tianbi

January credit record hit a record high, the data super "4 trillion" the same period (Figure) – Sohu financial core tips, from historical data point of view, over the years in January are high credit. But this year’s credit scale is much bigger than that of the same period. Central bank data show that in January this year, the scale of loans has exceeded 890 billion in January 2009. Before that, January 2009 was the high point of the month’s monthly credit. New RMB loans renewed record in January. February 16th, the people’s Bank of China issued by the financial related companies stock movements data show that in January the new RMB loans 2 trillion and 510 billion, higher than 890 billion in January 2009. In 2009, just after the financial crisis, when the central government launched the "four trillion" fiscal stimulus, bank credit was relaxed. According to the twenty-first Century economic report, the reporter learned from the banks and city investment enterprises, the seasonal factors, sufficient project reserves, replacement of the dollar debt and other factors, resulting in January new RMB loan scale dashed. Interview found that this year, the bank will focus on credit loans to individual housing loans and government platform loans. The economic report of a county level city investment company in the western provinces said on twenty-first Century: "unlike in January last year, the bank is now chasing our loans."." 2 trillion and 510 billion new loans hit a record high, the central bank’s statistics show that in January the new RMB loans amounted to 2 trillion and 510 billion, refresh the historical record. In this regard, the eastern part of the Central Bank of the local branch of the person in charge of the twenty-first Century economic report reporter said, because the real economy is weak, so to maintain loose liquidity. However, the specific situation also depends on the loan structure data, which can not be further analyzed. From historical data point of view, January years are high credit point. But this year’s credit scale is much bigger than that of the same period. Central bank data show that in January this year, the scale of loans has exceeded 890 billion in January 2009. Before that, January 2009 was the high point of the month’s monthly credit. In terms of branch, new residents’ medium and long term loans, new medium and long-term loans and bills financing jointly pushed up the loan scale in January. Compared with last year in January, this year, the residential sector increased 148 billion 900 million of the medium and long-term loans. The increase of residents’ medium and long term loans generally corresponds to the demand for buying and buying cars, which indicates that after relaxing the control of the real estate market, the consumption demand of the real estate market is improved, and the residents’ mortgage loans increase. New medium and long-term loans by enterprises increased by 447 billion 900 million compared with the same period last year. In this regard, the livelihood of the solid recovery team explained that, first, because of financial special debt matching loans issued; two is the beginning of the project reserves of enterprises rich. However, due to the limited reserve projects, the excessive release of loan demand may cause subsequent credit growth to be weak. In addition, bill financing increased by 275 billion 700 million compared with the same period last year. The main reason is that commercial banks can not find enough security general loan projects, the amount of loans used for discounting bills, so as to achieve the purpose of loan scale. "Bill financing" is a short-term buffer to make a credit line, is a tool to adjust the amount of credit." Chief executive of Orient Securities Corporation

1月信贷投放创历史新高 数据超“4万亿”同期(图)-搜狐理财   核心提示从历史数据来看,历年1月均为信贷投放高点。但今年信贷规模远超历史同期。央行的数据显示,今年1月的贷款投放规模已超2009年1月8900亿。在此之前,2009年1月是历年单月信贷投放的高点。  1月新增人民币贷款刷新历史记录。2月16日,中国人民银行发布的金融统 相关公司股票走势 计数据显示,1月新增人民币贷款2.51万亿,已高出2009年1月8900亿。2009年恰为金融危机后第一年,当时中央政府推出“四万亿”财政刺激政策,银行信贷随之放松。  据21世纪经济报道记者向银行及城投企业了解,季节性因素、项目储备充足、置换美元债务等多重因素导致1月新增人民币贷款规模冲高。  采访得知,今年以来银行将信贷投放重点转向个人住房贷款和政府平台类贷款。西部省份一位县级城投公司负责人对21世纪经济报道表示:“和去年1月份完全不一样,银行现在是追着我们贷款。”  2.51万亿新增贷款创历史新高  央行的统计数据显示,1月新增人民币贷款规模达2.51万亿,刷新历史记录。  对此,某东部省份央行地方分支机构负责人向21世纪经济报道记者表示,因为实体经济较弱,因此要保持流动性宽松些。但是具体情况还得看贷款结构数据,目前还不能进一步分析。  从历史数据来看,历年1月均为信贷投放高点。但今年信贷规模远超历史同期。央行的数据显示,今年1月的贷款投放规模已超2009年1月8900亿。在此之前,2009年1月是历年单月信贷投放的高点。  分部门看,新增居民中长期贷款、新增企业中长期贷款、票据融资共同推高1月贷款规模。  与去年1月相比,今年居民部门新增中长期贷款增加1489亿。居民中长期贷款增加一般对应于购房和购车需求,这说明在放松房地产市场调控后,房地产市场消费需求改善,居民按揭贷款增加。  企业部门新增中长期贷款相比去年同期增加4479亿。  对此,民生固收团队解释称,一是因为金融专项债的配套贷款发放;二是年初企业项目储备丰富。但由于储备项目有限,过快释放贷款需求可能造成后续信贷增长乏力。  此外,票据融资相比去年同期增加2757亿。其主要原因是商业银行找不到足够安全的一般性贷款项目,把贷款额度用于票据贴现,从而达到冲贷款规模的目的。  “票据融资就是短期做一个信贷额度的缓冲,是一种调节信贷额度的工具。” 东方证券首席经济学家邵宇对21世纪经济报道记者表示。  此外,汇率因素亦推高人民币贷款规模。今年年初,人民币兑美元汇率出现大幅贬值,同时市场上人民币单边贬值预期大幅升温。  在此情况下,部分企业将美元债务转换为人民币贷款以收缩外汇风险敞口,应对贬值预期。央行的数据显示,1月外币贷款同比少增374亿美元。  银行“追着”城投放贷  西部省份一家城商行中层人士向21世纪经济报道记者介绍,目前贷款主要投向还是基建,投向中小企业的贷款有限,因为基础设施平台贷款相对来说比较安全。  “现在银行不敢放贷给民营企业了,在国有企业的投放比较大。”一位股份制银行上海分行的负责人坦言,“1月份企业的预算及融资安排扩大,所以资金的投放增加。”  前述城投公司负责人则向21世纪经济报道记者介绍,目前银行“追着”城投公司贷款,成本已低至6.5%左右。  “今年1月和去年1月完全不一样,去年1月完全贷不到款。”前述城投公司负责人向21世纪经济报道记者表示,“去年下半年以来,城投公司从银行融资已经非常容易,但银行没有额度,今年1月银行先把额度放给融资平台。”  信贷大规模投放带来派生效应,从而推高M2增速。央行的数据显示,1月M2增速升至14%,创下2014年6月以来的新高。“M2取决于信贷派生的存款,因为1月信贷投放过高,所以M2增速上升。”邵宇对21世纪经济报道记者表示。  由于贷款大规模投放,1月新增社会融资规模亦创下3.42万亿的历史新高。此外,受人民币贬值影响,外币贷款继续大幅减少1727亿,直接融资(债券净融资和股票融资)规模超过6000亿。  民生固收团队认为,1月金融数据增长超预期,但考虑到实体经济回报率下降,风险溢价上升,资产荒现象没有有效缓解,新增信贷的放量并不代表实体经济企稳。(21世纪经济报道)  数据展望全年新增信贷或超13万亿元  温彬预计,全年信贷增速在14%左右,新增信贷将超过13万亿元,投向主要集中在以下领域:一是稳增长,主要是基础设施建设;二是调结构,主要是战略新兴产业和现代服务业;三是惠民生,主要是居民消费贷款和按揭贷款。短期来看,春节前央行加大公开市场操作的力度,通过逆回购、SLF、MLF等多种政策工具确保金融体系流动性宽松和货币市场利率稳定。随着上述政策工具陆续到期,央行仍有必要通过降准来对冲到期的流动性需求。(中国证券报)  市场影响2.51万亿1月信贷投放创纪录 A股应声大涨  中国人民银行(央行)2月16日最新发布的数据显示,今年1月当月人民币贷款增加2.51万亿元,同比多增1.04万亿元,创下有统计数据以来的单月最高信贷投放记录。(澎湃)  券商研究华泰证券:偶然中的必然,谁创造了1月信贷的历史纪录?  经济周期加速向下,信用周期减速向上。债务置换、基建提速等叠加效应,反映了积极主动的财政政策下公共部门主动加杠杆。传统产业利润持续下滑、被动融资需求增加,又不得不被动加杠杆以维持经营。同时又叠加了汇率贬值预期压力下偏谨慎的货币政策,因此,通过信用派生补充流动性的压力被放大也不是偶然。(华泰证券)  作者:杨志锦来源21世纪经济报道)相关的主题文章: