久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

   

Decrease in deposits hits record

By Dai Yan (chinadaily.com.cn)
Updated: 2007-05-14 13:59

China is witnessing a stock investment fever among residents due to the continuous bullish stock market. In April, household renminbi deposits decreased by 167.4 billion yuan (US$21.7 billion), compared with a 60.6 billion yuan increase during the same period last year, according to the central bank.

Related readings:
Growth rate of resident's deposits eases
Commercial banks to invest in foreign stocks

Chinese residents' bank deposits hit 17.5 trln yuan

Bank: deposits 'diverted to stocks'

The red-hot stock market has grown by more than 50 percent this year after doubling last year. Reduced bank deposits suggest a large amount of money is being invested in the capital market, according to the central bank. More than 70 billion yuan was transferred from savings accounts in Shanghai to stock trading accounts in the first four months of this year, the Shanghai branch of the People's Bank of China estimated Saturday.

The growth rate of Chinese household deposits is lower than that of non-banking institutions. Investors are rushing to withdraw money from bank savings accounts and pump them into the stock market. China's increment of renminbi deposits hit 444 billion yuan at the end of April, down by 13.3 billion yuan year on year. In the same month, renminbi savings balance with Chinese banking institutions was 35.9 trillion yuan, up 15.7 percent from April 2006. During the first four months of 2007, renminbi deposits increased 2.3 trillion yuan, a decrease of 73.7 billion yuan in growth year on year. The increment of deposits with non-banking institutions was 280.7 billion yuan, up 88.7 billion yuan year on year.

China's inflation eased in April, but barely meeting the government's target of three percent, increasing the pressure on the central bank to raise interest rates. The Consumer Price Index, a barometer of inflation, rose three percent year-on-year, down from 3.3 percent in March, the National Bureau of Statistics said on Monday.

The figures upped the pressure on the People's Bank of China to hike interest rates as the country's real interest rate has been kept in negative territory. China's benchmark one-year deposit rate stands at 2.79 percent and interest income is subject to a 20 percent tax.

In April alone, the Shanghai Stock Exchange and the Shenzhen Stock Exchange had 4.79 million new A-share trading accounts, exceeding the total number of new stock accounts opened in the past two years. This brought the total number of stock trading accounts on the two bourses to 993.95 million.

According to a monthly report jointly produced by Shanghai Securities Journal and Shenyin Wanguo Securities, a record 250 billion yuan was ready for stock trading in April, bringing the total on the A-share market to 980 billion yuan.

The continuous bank savings diverted to stocks will not have a big compact on banks in a short term, for China's money supply is sufficient at the time, said analysts. However, if household deposits as a stable loan source continue to flow out, it will affect banks' operation stability. The ratio of loan to deposit with Chinese banks is 68 percent, much lower than the upper limit of 75 percent.

The investment spree has aroused concern from the industry watchdog. In a notice released on Friday, the China Securities Regulatory Commission urged stock exchanges, securities dealers and related authorities to educate investors about the risks of stock market investment. These institutions must make investors understand that stock markets are risky and they should be cautious in entering the market, especially those who use all their savings or mortgage their apartments for loans to invest in stocks, the notice said.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 怡红院免费全部视频在线 | 午夜宅男宅女看在线观看 | 免费毛片网站 | 在线视频一二三区2021不卡 | 日本高清免费视频色www | 亚州免费 | 一及黄色| 欧美在线一区二区三区不卡 | 加勒比一区在线 | 色噜噜亚洲男人的天堂 | 欧美亚洲国产精品久久久 | 夜色1网站| 久久99精品视免费看 | 久久一本精品久久精品66 | 女黄人东京手机福利视频 | 99免费在线播放99久久免费 | 国产精品高清在线观看地址 | 99爱视频免费高清在线观看 | a一级免费 | 国产综合在线视频 | 欧美成人在线视频 | 在线免费观看一级毛片 | 在线中文字幕日韩 | 亚洲无限看 | 久久久精品免费视频 | 人人爽人人香蕉 | 久9视频这里只有精品 | 毛茸茸年轻成熟亚洲人 | 草草影院ccyycom浮力影院 | 男人的天堂在线观看视频不卡 | 国产成人精品无缓存在线播放 | 尤物tv已满18点击进入 | 成人性视频在线三级 | 九九视频在线观看6 | www.日本高清视频.com | 精品一久久香蕉国产线看播放 | 99国产福利视频在线观看 | hdxxx色视频| 免费观看欧美精品成人毛片能看的 | chineseoldman色老头videos | 91aaa免费免费国产在线观看 |