The Standing Committee of the National People’s Republic of China will pay close attention to the introduction of inclusive financial targeted reduction, why is it a single point of stock？
05/30/2020 | by admin
The Standing Committee of the National People’s Republic of China will pay close attention to the introduction of inclusive financial targeted reduction, why is it a single point of stock?
On March 11, Li Keqiang presided over the executive meeting of the State Council. The meeting pointed out that we should pay close attention to the introduction of inclusive financial targeted reduction measures and increased the reduction of shareholding banks.Why did you specialize in the stock bank this time?Guo Tianyong, director of the Banking Research Center of the Central University of Finance and Economics, told reporters that between large state-owned banks and city commercial banks among joint-stock banks, the operation is autonomous and highly complex, and business innovation capabilities are relatively strong, especially in retail, small and micro enterprises.The business has done relatively well, the market share of the business is relatively high, and the business development is relatively mature.He said that some small and medium-sized micro and retail customers can be counted as the scope of inclusive finance, this business can account for at least 30% of the total banking business.At the same time, it is also a shortcoming in the development of the real economy, and it is the sector that needs the most support. Therefore, it is necessary to accurately decompose it, especially in the current situation where the epidemic has a large impact on SMEs.Sexual policy.Directed RRR cuts are also a way to “reduce the burden” for banks.Guo Tianyong said that the recent increase in black swan incidents abroad and many major Western countries have adopted stimulating policies.China is now affected by the epidemic and the economic situation is not very good.So overall, the release of more liquidity through targeted RRR cuts also reflects policy adjustments.At the same time, the bank deposit interest rate and other relatively relative levels are not too far down. The liquidity reduction is further released through the RRR cut, which may cause banks to continue to decline on the loan interest rate side.Regarding the need for a comprehensive downgrade, Guo Tianyong believes that this possibility cannot be completely ruled out, but the release of liquidity must be considered, as well as the structure. A targeted downgrade is more structurally beneficial. A full downgrade will worry about capital flow to real estate and overcapacityThis kind of project is what the currently expected policy does not want to see.The military budget has disclosed that it will choose the opportunity to implement targeted reduction of inclusive finance.At the press conference of the State Council Office on February 27, Liu Guoqiang, vice president of the transition, said that he would choose the opportunity to implement the 2019 inclusive financial downgrade dynamic assessment and release long-term mobility.Because the level of inclusive financial services of some banks has reached the standard, it will be necessary to lower their reserve ratio level in order to support them to further improve their inclusive financial services.Sauna, Ye Wang Cheng Weimiao editor Wang Jinyu proofread Xue Jingning