On July 20th, the Internet Central Bank will soon “open the floodgates” and provide guidance to the banks, asking all banks to immediately seek reserve projects, including the previously restricted mortgages, and no more restrictions.
In response to this, the state-owned big banks and joint-stock banks interviewed by the 21st Century Business Herald all said that the current credit plan has not changed, the monetary and credit policies have not changed, credit has not been liberalized, but credit supports small and micro enterprises. And private enterprises, which and the China Insurance Regulatory Commission held a dredge of monetary policy transmission mechanism, do a good job of private enterprises and small and micro enterprises financing services symposium to increase the overlap between private and SME loans.
Previously, the 21st Century Business Herald reported that the central bank window provided additional MTF funding to primary dealers to support loan placement and credit bond investments.
A creditor from a state-owned bank said to the 21st Century Business Herald that there was no notice at the level of the tier-1 branch. The bank had just finished the meeting on Tuesday, and the loan amount remained unchanged in the third quarter.
A credit bank business person also told 21st Century Business Herald that if the news is true, it will mean that the credit policy has undergone a 180-degree fundamental reversal, and the industry will respond quickly. However, there is currently no relevant trend in the industry, and no notice has been received at the level of the tier-1 branch.
A small and medium-sized bank person said that since the first half of the year, the central bank has strict requirements for satisfactory loans, and the monthly agreed loan scale has been set.
Another state-owned credit business person pointed out that even if the central bank conducts window guidance, the credit “water release” is not only the unilateral manipulation of the central bank, but the actual operational level of the bank still needs to grasp the risk control.
He bluntly said: "The mortgage and the public loan should not be released. The current tight quota is relatively speaking. For the national support projects such as sunrise industry and new energy, loans have been better, and the projects restricting access and rejection are relatively good. Even if the exposure is fully delivered, it will be difficult to get back to life. The multi-party verification should be a market misunderstanding, and the credit policy has not turned."
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