September new loans 623.2 billion yuan lower than expected

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For years the second low, it is found that the economic downturn, the enterprise demand for credit contraction

The Beijing news dispatch (reporter SuManLi) the central bank yesterday, according to figures released on September new RMB loan for 623.2 billion yuan, lower than market expectations for years the second low, only higher than in July 5400 the size of more than one hundred million yuan.

Data show that in September social financing scale for 1.65 trillion yuan, respectively, compared with the last month and the same period last year more than 404.1 billion yuan and 1.22 trillion yuan. Among them, the RMB loan an increase of 623.2 billion yuan, 153.9 billion yuan more than year-on-year increase.

At the same time, new loans in social financing scale in proportion to continue to fall, the proportion of direct financing rose, this embodies the supervision layer efforts to increase of direct financing scale than appeal. September month a new loans accounted for the proportion of social financing scale dropped to 37.8%, and the first three quarters RMB loans accounted for social financing scale ratio is 57.3%.

Bankers said to the reporter, because worry about loan quality, September the central bank has issued a warning to the Banks, beware of the size of the loan will more than, this leads directly to the end of September part of the bank no money loanable, part of September projects and loan plans to move in October, this is cause September credit availability than expected a reason.

However, huatai securities analyst wu macro said, now is not the CBRC or the central bank constraint commercial bank loan, commercial Banks active lending restrictions behavior also reflected, economic recession, the overall risk levels. At the same time the enterprise demand for credit also naturally contraction.

Bank of communications chief economist even flat said, social financing scale, indicating that the financing demand, including trust loans and corporate bond financing growth is particularly grab an eye, there is reason to believe that a significant portion of the flow to the infrastructure and real estate. This will increase the economy picks up power, but the resulting risk should also high attention.

(the original title: September new loans 623.2 billion yuan lower than expected)