Official of Central bank revealed: individuals are expected to engage in lending business
In the future, under the premise of not illegal suck in deposits and lending interest rate not more than 4 times of the benchmark interest rate, individuals are expected to engage in lending business lending after legal registration.
“lending Ordinance” has been submitted to the State Council
Folk Lending with “sun shining” is just around the corner. Liu Ping, the deputy director of the Research Council of Central bank, yerterday revealed that “lending Ordinance” (hereinafter referred to as the “Regulations”) which allows businesses and individuals to conduct business lending has been developed and has been submitted to the Legislative Affairs Office of State Council for approval.
Central Bank: the amount of loans increased in October hit a new low this year
Yesterday, the Central Bank announced in October the money supply and credit data which showed in that month an increase of RMB loans of financial institutions amounted to 181.9 billion yuan, and the amount of the increase creat a new low.
The central bank on November 14 will issue Central Banker’s bill of 10 billion with 3 months
The announcement of PBC showed that they planed to in today’s open market operation to issue by tender, 10 billion yuan 3-month.
European Central Bank is likely to further cut interest rates in response to the deterioration of economic growth
According to UK “Financial Times” reported that, there are indications that the European Central Bank will soon reduce the euro interest rates. Because the growth prospects are sharply deteriorating and the inflation rate walks down substantially, they clear the way to ease monetary policy.
South Korea’s central bank injected 1.4 billion USD in financial industry
Central bank of Korea announced on Oct.14 that the bank had urgently injected 2 trillion won (about 1.4 billion USD) in country brokerage and asset management companies.
Central Bank of Japan once again injected capital to stabilize short-term financial markets
Central Bank of Japan once again on Oct.24 injected 600 billion yen (95 yens equal to 1 U.S. dollar) to alleviate the liquidity shortage of capital through open market operations. This is the second working day that bank injected in the market.
Swedish central bank again cut lending rates
Yesterday, the Central Bank of Sweden again cut down the lending rate for the second time within two weeks and promised to carry out similar adjustment within 6 months to prevent the decline in the domestic economy.
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