Central Bank "Save" Release Nearly 400 Billion Of Funds &Nbsp; Small Shoe Enterprises Or Usher In The Dawn.

The central bank lowered 5 days.

Release nearly 400 billion of capital

After this adjustment, the reserve ratio of the large financial institutions in China is 21%, and the reserve ratio of small and medium-sized financial institutions is 17.5%.

According to the total amount of China's financial Renminbi deposit balance of 79 trillion and 210 billion yuan at the end of 10, the central bank will release nearly 400 billion yuan of funds at a time.

It is understood that the last time the deposit reserve ratio was lowered in December 2008, and since January 2010, the central bank has raised the deposit reserve rate for the 12 time in a row. By raising the total reserve requirement rate of the financial institutions to a total of 600 basis points, the central bank has recovered the excessive liquidity of the market to curb the excessive rise in prices.

Zhuang Jian, a senior economist at the China Development Office of the Asian Development Bank, said that the central bank lowered the reserve ratio and released a signal of steady growth in such a key node where external demand is unstable, domestic economic growth is slowing down and inflation pressure is weakening.

Bason, deputy director of the Financial Research Institute of the State Council Development Research Center, pointed out that the people's Bank of China lowered the deposit reserve ratio, indicating that the central government has placed a more important role in maintaining steady growth.

He said that the people's Bank of China lowered the deposit reserve ratio is a modest pre regulation of monetary policy, but it does not mean the change of the tone of monetary policy.

In response to the economic situation, the people's Bank of China has made a phased and structural relaxation in the framework of a prudent monetary policy.

Sun Lijian, a professor at Fudan University, said: "in the case of China's foreign exchange reduction caused by the economic turmoil in Europe and the United States, the decline in inflation level, the pressure of RMB appreciation pressure weakened, and even the risk of private lending capital chain increased, the central bank would like to seize this opportunity to reduce the deposit reserve rate which has always been at a high level and at the same time to achieve the effect of releasing liquidity."

Small and medium enterprises or usher in the dawn

Lowering the deposit reserve ratio, though it will not immediately increase lending significantly, will not cure the financing difficulties of small and medium-sized enterprises. However, experts believe that the policy signals of this reduction are more obvious, which is good for the real economy.

Since the beginning of this year, the deposit reserve ratio has been raised for 5 times, and the money has been tightened again and again. Because of the selective lending of banks, the financing difficulty of SMEs has increased further. Even if some enterprises can get loans, it is difficult to meet the demand in quantity.

The deposit reserve ratio will be reduced by 0.5 percentage points. In a practical sense, it can release about 400000000000 yuan of liquidity and relieve the SMEs in a certain extent.

Shenzhen bankers said that the "drop in" is part of the policy of targeted easing at the end of the year.

At present, all banks in Shenzhen have reserved the quota for SMEs in accordance with the requirements of regulatory authorities. Some banks also require loans for small and micro enterprises to increase more than ordinary loans.

In the first quarter of next year and the first quarter of next year, the possibility of obtaining loans by high-quality SMEs will be increased.

But some experts are cautiously optimistic. Guo Tianyong, director of the China banking research center of Central University of Finance and Economics, said that solving small and medium-sized enterprises or targeted measures such as issuing SME debt and other means is better.

Lowering the deposit reserve ratio and releasing funds will help solve the problem of shortage of funds for small and medium-sized enterprises. However, at present, there is a shortage of market funds, and banks may not give more to SMEs when they allocate resources.

Therefore, the reduction of deposit rate will improve the lack of funds for SMEs, but it will not change much.

Yi Xianrong, a researcher at the Financial Research Institute of the Chinese Academy of Social Sciences, said that lowering the deposit reserve ratio may help SMEs, but SMEs should not expect too much.

Financing difficulties of small businesses and small and medium enterprises are always difficult problems. Banks do not want to lend money to SMEs. Lending to SMEs may have high interest rates. Because the risk is relatively large, the most important issue of bank loans is whether they can repay the loan. If not, interest rates will not be high.

So their credit and all kinds of conditions are worse than others, so financing is bound to be difficult.