雾灵十二少
一般性的交流、杂文类
对近期或许还利多，但对中国金融系统的忧虑不是空穴来风。如果中远期没有好转，基本上是东南亚危机级别的股灾。要关注这方面进展和算算时间了。要是能给这个预警成功，大千该富多少？
China's central bank to inject funds into banks
BEIJING--China's central bank is planning to inject up to 200 billion yuan ($32.8 billion) into some 20 large national and regional banks, according to banking executives briefed on the matter, in another step aimed at spurring the world's second-largest economy.
The move--which is expected to channel money to areas the government deems important, such as public housing and small business--marks the latest of a series of targeted easing measures meant to arrest a slowdown in China's economic growth. Last month, the People's Bank of China pumped 500 billion yuan into the country's five major state-owned banks.
The steps come amid growing worries that the Chinese government may miss its growth target--set at 7.5% this year--for the first time since the Asian financial crisis in 1998.
So far, the central bank has failed to lift the economy out of its doldrums, a difficulty that many economists and analysts say stems from the traditional reluctance of Chinese banks to lend to small businesses--a hesitance that is increasing as economic growth slows and the prospect of soured loans increase. But they also say a lack of real demand for loans, rather than a shortage of credit, is holding the economy back.
Many Chinese companies appear less eager to spend. For instance, at PetroChina Co., the U.S.- and Hong Kong-listed arm of China National Petroleum Corp., capital expenditures fell 15.8% during the first half of the year, compared with a year earlier. At China's largest refiner, China Petroleum & Chemical Corp., known as Sinopec, capital expenditures also fell, led by spending slowdowns in its exploration-and-production and marketing-and-distribution segments.
In terms of injecting money into the financial system, the latest action falls short of a more sweeping effort, such as an interest-rate cut that some economists say is needed to lift the economy. In the past, the central bank has used such reductions to spur growth across the economy.
Now, though, the Chinese central bank--known locally as "yang ma," or "Big Mama"--is aiming its stimulus more narrowly--a strategy intended to avoid a massive lending spree such as the one that propped up growth following the 2008 global financial crisis, but also saddled the economy with debt. Other initiatives have included a three-year, 1 trillion yuan loan to China Development Bank, a so-called policy lender that backs housing and other government projects, plus measures to encourage more lending to private businesses and rural areas.
In the latest move, the PBOC has informed joint-stock banks such as Industrial Bank Co. and Guangfa Bank to submit applications for the funds in the form of three-month loans from the central bank, the banking executives said. Interest rates on the loans are expected to be similar to the low rates on the 500 billion yuan funds given to the five state-owned banks, they said.
China's economic growth has already slowed to 7.5% in the second quarter compared with a year ago and 7.4% in the first quarter, an 18-month-low. It is expected to release the third-quarter gross do
