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China Saw Positive Changes in Financial Operation in Past Six Months
The first half of this year witnessed an accelerating growth and reasonable use of banking loans and the rising trend of RMB exchange rate and enterprise deposits. The growth of money supply was almost equivalent to that in the same period of last year while loans granted by various financial institutions witnessed a striking rise.
The RMB loan balance of all financial institutions topped one trillion yuan, rising by 14%, or190 billion yuan more as compared to the same period of last year. Analysis shows that the current funds loan and medium-and-long-term fixed assets loans used effectively for supporting the rise of industrial production and investment grow by a large margin. Besides, comparing to last year the enterprise deposit balance grew by 20%. The increase in enterprise deposit fully demonstrates the improvement of economic return, tending to be active and a rising prosperous situation.
Aside from the aforesaid, owing to the brisk stock market and increasing purchase of national debt, the deposit growth of various financial institutions display a slowdown trend. Obvious changes have occurred in the assets structure of the four state-owned commercial banks with the bond-holding rising. The transformation from deposit to investment is an indication of the improved financial efficiency and harmonious development of direct and indirect finance.
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