CBRC Central Bank Successive Warning Of Interbank Business Rectification Storm Will Start

< p > < strong > > the same industry is going to rectify the mountain rain. < /strong > /p >

< p > according to the market's previous circulation, Article 9 will control the amount of interbank financing, stop the three parties from buying and selling back, limit the time limit for interbank financing, and propose capital requirements and provision requirements.

Although this article has not yet been officially released, the determination of regulators to rectify the interbank business has been very clear.

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In May 10th, Liu Shiyu, deputy governor of the central bank, publicly stated in Tsinghua Wudaokou global financial forum that he was determined to rectify the interbank business and various financial services of financial institutions. P

"Otherwise, it will be easy for our investors, including the public, to pursue short-term profits and not pursue long-term returns, which will have a huge spillover effect on the development of the capital market."

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< p > May 11th, during the above-mentioned forum, Wu Xiaoling, vice chairman of the finance and Economic Commission of the National People's Congress and former deputy governor of the Central Bank of China, said to a few media including the first financial daily, "the profit impulse of commercial banks causes the distortion of interbank deposits. Supervision measures should include interbank deposits that exceed the long term interbank business nature, such as non bank financial institutions, collect deposit reserves and bring in deposit to loan ratio."

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< p > she suggested that the position of a real bank between three months or less could not be regarded as a general deposit. However, the deposits of non bank financial institutions in the long term of commercial banks should be regarded as general deposits, and the deposit reserve should be collected into the deposit loan ratio management.

What's more, we can further improve the calculation method of the differential deposit reserve ratio. Through this economic means, the impulse of commercial bank loans can not be easily realized.

Such a distortion of the business will have a better market-oriented approach.

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Prior to May 6th, the central bank said in the first quarter of 2014 China monetary policy implementation report that it will continue to play a counter cyclical regulatory role in the dynamic adjustment mechanism of differential reserves, and continue to use differential reserve dynamic adjustment mechanism to strengthen macro Prudential Management.

At the same time, the financial assets of the financial institutions are included in the relevant policy parameters of the dynamic adjustment mechanism of the differential reserve, and the financial risks are prevented from excessive expansion of the interbank business.

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< p > this is not the first time the central bank has mentioned the risk of interbank business in its official report.

In the April 29th China financial stability report (2014) issued by the central bank, the central bank said that there were problems in the development of interbank businesses such as non-standard development, circumvention of supervision, mismatch of time limits and information opaque.

The financial stability report cautioned that the linkage between financial institutions increased, and some interbank businesses were packaged through multi-layer "channels". The structure was complex and the funds were pferred frequently, resulting in a sharp increase in the size of the assets of the financial institutions. Once a risk occurred in a certain link, it was easy to cause cross infection.

"We should standardize the business type and accounting calculation of the same industry, strengthen the internal management of the interbank business of the financial institutions, improve the external supervision requirements of the inter industry business, standardize the innovation of the assets and liabilities business of the financial institutions, improve the pparency of the business of the same industry, and effectively guard against potential risks."

The financial stability report said.

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On the same day when the central bank issued the financial stability report (P), the CBRC also proposed in the first quarter economic and financial situation analysis conference that it should standardize management according to the essence of the business and actively resolve the potential risks of non-standard creditor's rights business.

"For interbank business, we should effectively control the scale and proportion of the same business and return the same business to the essence of liquidity management.

We should promote the reform of the specialized sector system of interbank business in an orderly way.

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< p > < strong > > a href= "http://www.91se91.com/news/index_c.asp" > profit impulse < /a > distorts < /strong > /p >

< p > central bank data show that from the beginning of 2009 to the end of 2013, the interbank assets of the banking financial institutions included in the interbank, the dismantle of funds and the resale of the financial assets were increased from 6 trillion and 210 billion yuan to 21 trillion and 470 billion yuan, an increase of 246%, which was 1.79 times and 1.73 times the total assets and loan growth of the same period. The interbank liabilities included in the interbank deposit, the withdrawal of funds and the sale of repurchase financial assets increased from 5 trillion and 320 billion yuan to 17 trillion and 870 billion yuan, an increase of 236%, which was 1.74 times and 1.74 times of the total liabilities and the < a href= "http://www.91se91.com/news/index_c.asp" deposit < /a > growth respectively.

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"P >" according to the current regulations, the business does not pay the deposit reserve and is not bound by the loan ratio. Some banking institutions evade the requirements of macro regulation and regulation through the business business, and seek high profits, and the trading rivals can profit. "

The research director of a commercial bank's financial market said.

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< p > Wu Xiaoling thinks that the distortion of interbank business is mainly due to the impulse of commercial banks and the impulse of expansion.

When the central bank receives liquidity, it is often constrained by various conditions, so the central bank has to manage the loan quota.

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< p > from the data released by some banks, the interbank business has become the main source of net profit for some banks, especially the city commercial banks, while the interbank business of state-owned big firms and "a href=" http://www.91se91.com/news/index_c.asp "joint-stock banks" /a has also increased rapidly.

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< p > data show that in 2013, Tianjin bank realized net profit of 3 billion 435 million yuan, an increase of 30.14% over the same period, far exceeding the average profit growth rate of 10% to 15% of the listed banks in 2013.

However, the substantial increase in net profit of Tianjin bank is mainly due to a substantial increase in interbank business.

At the end of 2013, the proportion of loans and advances, central banks and investment decreased in Tianjin banking assets, and only a significant increase in interbank pactions. At the end of 2013, the scale of buying and selling financial assets was 71 billion 893 million yuan, while the end of 2012 was 9 billion 582 million yuan, and the scale increased by about 6.5 times.

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< p > in addition, the interest income of the Bank of Bohai on the sale and sale of financial assets reached 8 billion 424 million yuan in 2013, while the interest income from loans and advances during the same period was only 10 billion yuan.

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< p > "once regulators begin to rectify the interbank business, they will have a great impact on city commercial banks and agricultural businesses, and they will be forced to reduce the scale of the business that has already expanded, but this is a major source of their profits."

The research director said.

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