Reuters logo
惠誉:中国打击影子银行取得成效
October 11, 2017 / 2:07 AM / in 9 days

惠誉:中国打击影子银行取得成效

(The following statement was released by the rating agency) TAIPEI/HONG KONG/SINGAPORE, October 10 (Fitch) 本文章英文原文最初于2017年10月8日发布于:<a href="https://www.fitchratings.com/site/pr/1030373">Fitch: China Making Progress in Shrinking Shadow Banking 惠誉评级表示,继2017年初监管力度加强之后,中国的影子银行业已经缩减,如果该趋势在中期内持续,将有助降低金融体系风险。虽然影子银行活动减少可能造成流动性短缺, 但近期公布的定向降准表明政府将采用政策工具来避免对优先发展行业产生重大影响。 根据中国银监会的数据,截至2017年8月末,银行业同业资产同比减少13.8%,同业负债下降1.6%。这是自2010年以来,同业资产和负债首次同时减少。当中以同业 业务最激进的股份制商业银行的下降幅度为最大。2017年8月末,其同业资产较年初下降45%。同期委托贷款自2008年以来首次下降。与此同时,理财产品的增长放缓,2 017年1月至8月期间,同业理财产品余额下降2.2万亿。惠誉估计,2017年初至今,已发行的理财产品余额下降了约10%。 影子银行仍然是金融稳定所面临的一大重要风险来源,因多年的快速增长加深了金融市场的相连性,导致部分银行较容易受到资金和流动性的影响。例如,已发行的理财产品余额约达 2016年GDP的40%,从2013年起平均每年增长逾40%。 银监会于9月下旬重申要解决此类风险,强调了其在识别和化解危机方面的角色。监管态度强硬,声明监管机构如果未能及时发现和解决风险,将被视为失职。 因此,在政府对经济增长保持乐观的情况下,影子银行可能继续面临更大力度的监管审查。惠誉预计经济增长在2017年第三季度开始逐步放慢,2018年GDP增长预期为6. 3%,低于2017年的6.7%。 影子银行活动增长放缓而引发的流动性短缺可能对增长预期带来风险,但中国人民银行已经强调将会继续采用多种货币政策工具维持流动性稳定,并保持“审慎和中立”的政策立场。 9月29日,中国人民银行宣布将对达到向农村和小微企业发放贷款标准的银行实施定向降准,就是预防流动性紧缩对实体经济造成负面影响的针对性支持的一个实例。 上述定向降准可能促进银行支持普惠金融——即政府改革议程其中之一重要部分。如果银行发放给普惠金融的贷款超过其前一年贷款余额或贷款增量的1.5%,则其存款准备金率下 调50个基点。大部分银行能够达到这1.5%的标准。但若要存款准备金率下调150个基点,则需要符合发放给普惠金融的贷款占比或贷款增量达到10%的标准。此番调整将在 2018年1月1日生效,但随着银行调整自身定位以符合存款准备金率下调标准,对农村和小微企业贷款的影响可能更快显现。这将缓解特定行业的借款成本压力,并同时保持对银 行业风险的控制。 联系人: Katie Chen(陈冠如) 董事 金融机构评级 +886 2 8175 7614 澳洲商惠誉有限公司台湾分公司 台北敦化北路205号13层1306室 Grace Wu(胡月明) 高级董事 金融机构评级 +852 2263 9919 Dan Martin 高级分析师 惠誉快讯 +65 6796 7232 Media Relations: Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. 详情参见<a href="https://www.fitchratings.com">www.fitchratings.com 注意:本新闻稿为中文译本。如有疑问,请以英文版本为准。 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEB SITE AT WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA, AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE, AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE CODE OF CONDUCT SECTION OF THIS SITE. DIRECTORS AND SHAREHOLDERS RELEVANT INTERESTS ARE AVAILABLE here. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE. Copyright © 2017 by Fitch Ratings, Inc., Fitch Ratings Ltd. and its subsidiaries. 33 Whitehall Street, NY, NY 10004. Telephone: 1-800-753-4824, (212) 908-0500. Fax: (212) 480-4435. Reproduction or retransmission in whole or in part is prohibited except by permission. All rights reserved. In issuing and maintaining its ratings and in making other reports (including forecast information), Fitch relies on factual information it receives from issuers and underwriters and from other sources Fitch believes to be credible. Fitch conducts a reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are available for a given security or in a given jurisdiction. The manner of Fitch’s factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of the rated security and its issuer, the requirements and practices in the jurisdiction in which the rated security is offered and sold and/or the issuer is located, the availability and nature of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other reports provided by third parties, the availability of independent and competent third- party verification sources with respect to the particular security or in the particular jurisdiction of the issuer, and a variety of other factors. Users of Fitch’s ratings and reports should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all of the information Fitch relies on in connection with a rating or a report will be accurate and complete. Ultimately, the issuer and its advisers are responsible for the accuracy of the information they provide to Fitch and to the market in offering documents and other reports. In issuing its ratings and its reports, Fitch must rely on the work of experts, including independent auditors with respect to financial statements and attorneys with respect to legal and tax matters. Further, ratings and forecasts of financial and other information are inherently forward-looking and embody assumptions and predictions about future events that by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings and forecasts can be affected by future events or conditions that were not anticipated at the time a rating or forecast was issued or affirmed. The information in this report is provided “as is” without any representation or warranty of any kind, and Fitch does not represent or warrant that the report or any of its contents will meet any of the requirements of a recipient of the report. A Fitch rating is an opinion as to the creditworthiness of a security. This opinion and reports made by Fitch are based on established criteria and methodologies that Fitch is continuously evaluating and updating. Therefore, ratings and reports are the collective work product of Fitch and no individual, or group of individuals, is solely responsible for a rating or a report. The rating does not address the risk of loss due to risks other than credit risk, unless such risk is specifically mentioned. Fitch is not engaged in the offer or sale of any security. All Fitch reports have shared authorship. Individuals identified in a Fitch report were involved in, but are not solely responsible for, the opinions stated therein. The individuals are named for contact purposes only. A report providing a Fitch rating is neither a prospectus nor a substitute for the information assembled, verified and presented to investors by the issuer and its agents in connection with the sale of the securities. Ratings may be changed or withdrawn at any time for any reason in the sole discretion of Fitch. Fitch does not provide investment advice of any sort. Ratings are not a recommendation to buy, sell, or hold any security. Ratings do not comment on the adequacy of market price, the suitability of any security for a particular investor, or the tax-exempt nature or taxability of payments made in respect to any security. Fitch receives fees from issuers, insurers, guarantors, other obligors, and underwriters for rating securities. Such fees generally vary from US$1,000 to US$750,000 (or the applicable currency equivalent) per issue. In certain cases, Fitch will rate all or a number of issues issued by a particular issuer, or insured or guaranteed by a particular insurer or guarantor, for a single annual fee. Such fees are expected to vary from US$10,000 to US$1,500,000 (or the applicable currency equivalent). The assignment, publication, or dissemination of a rating by Fitch shall not constitute a consent by Fitch to use its name as an expert in connection with any registration statement filed under the United States securities laws, the Financial Services and Markets Act of 2000 of the United Kingdom, or the securities laws of any particular jurisdiction. Due to the relative efficiency of electronic publishing and distribution, Fitch research may be available to electronic subscribers up to three days earlier than to print subscribers. For Australia, New Zealand, Taiwan and South Korea only: Fitch Australia Pty Ltd holds an Australian financial services license (AFS license no. 337123) which authorizes it to provide credit ratings to wholesale clients only. Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below