Some Big State-Owned Banks Have Decided That This Year'S Credit Growth Target Is 14%.

New RMB for China in 2012

For the most concerned local financing platform problems, some bank executives said they are ready to adjust the part of the local government platform projects with tight cash flow this year.

Zhou Mubing, vice chairman of the China Banking Regulatory Commission (CBRC), publicly pointed out in October last year that the CBRC may allow banks to adjust the repayment arrangements for eligible loans so as to arrange the expected cash flow and debt service arrangements of the local government financing platform.

It is reported that the general estimate of the scale of credit scale this year is basically between 800 billion yuan and 850 billion yuan in four major industries, agriculture, China and construction.

According to the new century weekly report, ICBC initially estimated that the credit scale in 2012 was 850 billion yuan, slightly higher than its 820 billion credit plan in 2011, and ICBC hoped that the credit growth rate in 2012 would remain at around 13%, which was slightly lower than that of its 2011 plan of 14%.

It is also understood that CCB's new credit growth rate in 2012 has initially set a target of 14%.

Bank of China expects that the credit scale in 2012 will be basically the same as that in 2011, or slightly higher than 600 billion yuan.

"Banks have ways to ease cash strained platform loans."

But the real noteworthy link may be in the areas of concern about the financing platform loans, it is obvious that this two years is the repayment peak of local financing platform loans.

In the light of the public information and the reporter's understanding, the banks also made some new arrangements for the local financing platform in 2012.

According to the recent research report of Hongyuan securities to ICBC, when it comes to the local government financing platform, ICBC said that in the early stage of lending, some loan projects could not meet the deadline of the loan period and the loan period could be adjusted, and the regulatory authorities did not allow the extension.

"In addition to the continuous compression of real estate loans, the overall construction and renewal projects of local platform loans should be guaranteed. The new part will not lend to all but the state key projects.

In particular, in the long run, the loans due before 2008 will not be repaid.

ICBC said its loans for local financing platform will drop by 20% in 2011.

2012 will also be further compressed.

In a recent survey of China's people's livelihood securities, the Bank of China indicated that its platform loan maturity structure was slightly better than the industry's overall situation, and the pressure on 2012-2015 years' maturity was limited. Nearly 60% of the loans expired after 2016.

Yesterday, a state-owned big business person interviewed by the Morning Post reporter pointed out that in 2012, loans would ease infrastructure and financing platforms, including investment in railways, urban rail pit, water conservancy and other urban public facilities related to protection. "This means that loans involving local government financing platforms will be moderately relaxed."

"Our statistics show that the annual platform debt repayment ratio in 2011 and 2012 is 12%-14%, while that of other years is less than 8% per year.

The source further pointed out that there will be some cash flow tensions on some financing platforms in 2012.

There are still ways to ease the cash strained loans of banks.

It is really not yet possible to extend the period and make a new repayment schedule. "

The source pointed out.