China's Big Four Banks Plan to Increase Lending in 2H

iFeng: 四大行拟新增信贷额度 下半年重点投向基建、地方债等
In terms of loan investment, in addition to infrastructure projects, a number of banks indicated that they will increase local debt investment and increase retail credits such as small and micro, mortgage and consumer loans.

Since 2018, the growth rate of social financing has declined, but the liquidity of the inter-bank market has been easing, and the market is in a state of “wide currency and wide credit”. The regulation intends to open up the monetary policy transmission chain and support the credit supply to small business.
"This year, in terms of the total amount, the annual RMB credit growth plan has been moderately increased. At the beginning of the year, we will focus on meeting the needs of key projects, inclusive finance, and household consumption. In terms of rhythm, we will focus on the rationalization of credit supply. Sex and balance." Industrial and Commercial Bank President Gu Yu said at the bank's performance meeting.

Gu Yu said that ICBC will play a leading role in inclusive finance and make inclusive finance more practical. Play a good role in promoting the development of new economic kinetic energy, grasp the direction of economic transformation and upgrading, and play a good role in financial optimization of resource allocation.

In addition, ICBC executives said at the bank's investor meeting that ICBC plans to introduce 900 billion yuan in new loans at the beginning of this year, which has been adjusted to 1 trillion yuan. According to data released by ICBC, ICBC added new credits of 930 billion yuan in 2017, and recovered 1.87 trillion yuan of re-lending loans. In the first half of 2018, new loans were more than 620 billion yuan, and re-loaned loans were repaid by 1.05 trillion yuan. According to this calculation, ICBC added 380 billion yuan in new loans in the second half of the year, an increase of 70 billion yuan over the whole year.

Wang Zuji, the president of the Construction Bank, said: "Under the premise of steady operation, we must try our best to increase credit input while maintaining stable economic indicators."

Wang Zuji said that it supports the construction of key infrastructure, supports structural adjustment, supports some pain points in the field of people's livelihood, and the development of small and micro enterprises. More innovative service models, innovative products, and increased credit supply to industries that need credit support, especially in areas where structural adjustment will play an important role.

Liu Lianjun, president of the Bank of China, said that he would increase credit supply and support the development of the real economy. In the second half of the year, the loan continued to maintain steady and moderate growth, fully supporting the infrastructure sector to complement the short-term, promoting high-end equipment manufacturing, consumer welfare, energy conservation and environmental protection, information technology and other industries, supporting the Beijing-Tianjin-Hebei, Xiong'an New District, the Yangtze River Economic Belt, Guangdong, Hong Kong and Macao. Construction of Dawan District and Hainan Free Trade Zone.

In addition, he said that in the second half of the year, he plans to provide foreign trade companies with no less than $650 billion in international trade settlement services and $100 billion in trade finance and letter of credit support. Promote the development of new foreign trade formats such as cross-border e-commerce and comprehensive foreign trade service platforms.

The chief executive of the Postal Savings Bank said that in the first half of the year, the credit supply was increased, and the loan growth rate was 20% year-on-year. It was a high level among the big banks; the focus was on the construction of Sannong, Xiaowei and key construction projects.

According to senior executives of Industrial Bank, the credit supply in the first half of the year was about 240 billion yuan, and it is expected to be about 250 billion yuan in the second half of the year.

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