National Interbank Market Loan Pfer Paction Starts Today

according to

On the same day, ICBC and Bank of communications.

Regulating loan pfer channels

It is reported that the pfer of credit assets in China began in 1998, mainly between banks, mainly based on "one to one" negotiations.

Zhou Xiaochuan, President of the central bank, said today that the signing of the main agreement for loan pfer pactions and the launching of the nationwide inter bank market loan pfer paction are of great practical significance for standardizing the development of China's loan pfer market, improving the pmission mechanism of monetary policy, strengthening financial macro-control, optimizing the structure of bank credit, preventing and resolving potential financial risks, and so on, not only enriching and developing the products and means of banking financial institutions meeting capital constraints and actively managing assets, but also in line with the changes and requirements of the current international financial reform situation.

The general manager of the Credit Department of a joint-stock bank told the NetEase finance and economics that the establishment of the national interbank market loan pfer paction system provides an official background of funds for each bank, which has certain positive significance for standardizing the loan pfer market.

On the other hand, regulatory authorities can monitor the system faster and more accurately to understand the whole market.

It is normal if there is a purchase or sale in the system, but at a specific time point, a large number of sales orders appear, which proves that the loan market has already had problems.

A banking analyst who declined to be named told NetEase finance that the introduction of the interbank loan pfer market is a relatively important institution building, but it has no significant short-term impact on the banking sector.

Since buying loans need to take up credit lines and consume capital, banks have little incentive to buy, and some of them are limited, but capital adequacy institutions may buy a little, but they will not buy much at the beginning of their business.

It is understood that, after last year's massive loan, commercial banks have been severely restricted in credit this year, and through credit assets pfer and assets out of the form to release credit space to become a new strategy for banks to deal with regulation, the credit cooperative property of silver credit cooperative has been sought after by the market. But in August this year, the CBRC launched a heavy blow to the silver letter business, which stipulates that banks should pfer the credit and financial cooperation business within the next two to 150% years, and make provision according to the requirements of the provision coverage rate.

Analysts believe that the pfer of loans will return to the interbank market.

Jiang Jianqing, chairman of the China interbank market dealer and chairman of ICBC, said that, at the request of the members of the market, the Dealer Association drew on the advanced institutional arrangements and successful practical experience at home and abroad, and organized the main agreement for the pfer of loans. The main body of the agreement made a clear agreement on the key basic issues in the loan pfer paction, which is of great significance for protecting the rights and interests of the two sides in the pfer of loans and regulating the development of the loan pfer market in China.

Regional exchanges should be encouraged.

Before Shanghai, the local financial exchanges represented by Beijing and Tianjin had already acted.

In August 17th of this year, the Tianjin Financial Assets Exchange announced that three credit assets were formally pferred on the exchange.

The total amount is 1 billion 900 million yuan, which is the first time that China's credit assets have entered the two level open market for the pfer paction.

Earlier this year, at the end of 5 this year, Beijing has set up the first financial asset exchange of China, the Beijing financial assets exchange, to build a platform for pferring credit assets.

Guo Tianyong, director of the China banking research center of Central University of Finance and Economics, told NetEase finance that commercial banks need to pfer loans. In addition to building a unified inter-bank market, the central bank should also allow some regional exchanges and other institutions to exist.

Guo Tianyong analysis, first of all, including the national inter bank market loan pfer trading system, the Tianjin financial assets exchange, and other institutions, the main functions are information disclosure and exchange, specific pactions are completed under the scene, the risk is controllable; in addition, loan pfer has a strong regional character, many of which are carried out at the level of the local bank branches, and encourage the establishment and development of regional exchanges, which can effectively improve the efficiency of loan pfer.

However, the former analysts pointed out that the loan pfer market is now a performance project, and it is the administrative action of various places competing for the location of the trading market.

In his view, loan pfer is a tool for banks to pfer risks, and asset securitization is expected to be launched next.