Report
Moody's Investors Service
EUR 684.00 For Business Accounts Only

China Shadow Banking Sector: Tighter Liquidity Conditions, Stricter Regulatory Scrutiny (presentation) (Chinese Simplified translation)

中国影子银行活动 流动性收紧，监管趋严 2017年2月 李秀军，信用评级策略与标准部副总裁-高级分析师 徐晶，信用评级策略与标准部助理分析师 万颖，金融机构部助理副总裁-分析师 2 中国影子银行活动，2017年2月 » 中国金融体系的流动性状况正在收紧。即使在2016年12月中央经济工作会议定调之前，中国人民银行的货币政 策立场已悄然发生变化，银行间市场资金利率、同业存单利率以及理财产品收益率与一年期存款利差等多个市 场指标均表明流动性状况正在收紧。然而，由于房地产、地方政府融资平台和产能过剩行业等部门的融资需求 持续，我们预计影子银行借款人的需求对利率上调的弹性会相对较低。 展望将来，当前流动性正在收紧，银行 表外业务受到更趋严格的监管，我们预计这两个因素将抑制银行参与监管套利的动机，并逐渐抑制理财产品这 个影子银行活动中曾经快速增长的组成部分。 » 虽然中国经济整体杠杆
27/02/2017 29 EN
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Moody's Investors Service
Moody's Investors Service

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