央行(xing)網站6日消息,為貫(guan)徹(che)落(luo)實(shi)國(guo)(guo)務院常務會(hui)議要求(qiu),建(jian)立對中小(xiao)(xiao)銀行(xing)實(shi)行(xing)較低(di)存(cun)款準備(bei)金率(lv)(lv)的政策框架,促(cu)進降低(di)小(xiao)(xiao)微(wei)企業融資成本(ben),中國(guo)(guo)人民銀行(xing)決定從2019年5月15日開始,對聚焦當(dang)地、服務縣域(yu)的中小(xiao)(xiao)銀行(xing),實(shi)行(xing)較低(di)的優(you)惠存(cun)款準備(bei)金率(lv)(lv)。
筆者認為,此次(ci)央行定向降(jiang)準(zhun)有(you)(you)三(san)層意圖:一(yi)是促進(jin)降(jiang)低融(rong)資(zi)成(cheng)本(ben)。盡管一(yi)季度(du)實體經濟有(you)(you)企(qi)穩(wen)改善跡象,但(dan)降(jiang)低融(rong)資(zi)成(cheng)本(ben)仍然(ran)“在路(lu)上”,特別是小(xiao)微企(qi)業(ye)“融(rong)資(zi)難、融(rong)資(zi)貴”問(wen)題仍較為突出,此次(ci)定向進(jin)一(yi)步(bu)增加(jia)了縣域農商行的(de)中長期可用資(zi)金,有(you)(you)利于提高民營和小(xiao)微企(qi)業(ye)資(zi)金可得性。
二是完善法定準備(bei)金(jin)率制度(du)。目前(qian)我國法定準備(bei)金(jin)率制度(du)是按照機構類(lei)型設置和普惠金(jin)融(rong)定向降準動態(tai)考核(he)并(bing)行(xing),較為復雜,此次降準將縣域農商(shang)行(xing)與(yu)農村信用社并(bing)檔,進一(yi)步簡化了分(fen)類(lei)檔次。
三是(shi)此次降準(zhun)也(ye)是(shi)保持(chi)貨(huo)幣(bi)政策(ce)穩(wen)健和(he)流動(dong)性松緊適(shi)度(du)(du)的(de)體(ti)現。隨著實(shi)體(ti)經濟有(you)企穩(wen)跡象以(yi)及近期一(yi)系列政策(ce)操作(zuo),市場對(dui)政策(ce)收緊預期較(jiao)強,此次降準(zhun)有(you)利于引導(dao)市場形成貨(huo)幣(bi)政策(ce)保持(chi)穩(wen)健、保持(chi)流動(dong)性松緊適(shi)度(du)(du)的(de)預期,以(yi)防止市場不(bu)當(dang)預期造成市場波動(dong)。(本文內(nei)容僅(jin)代(dai)表作(zuo)者(zhe)個(ge)人(ren)觀(guan)點,不(bu)代(dai)表中(zhong)證網和(he)中(zhong)國證券(quan)報立場。)
中(zhong)(zhong)(zhong)證(zheng)(zheng)網(wang)(wang)(wang)(wang)(wang)聲明(ming):凡本網(wang)(wang)(wang)(wang)(wang)注明(ming)“來源(yuan):中(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)券(quan)(quan)報(bao)·中(zhong)(zhong)(zhong)證(zheng)(zheng)網(wang)(wang)(wang)(wang)(wang)”的(de)所有作(zuo)品(pin),版權均屬(shu)于中(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)券(quan)(quan)報(bao)、中(zhong)(zhong)(zhong)證(zheng)(zheng)網(wang)(wang)(wang)(wang)(wang)。中(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)券(quan)(quan)報(bao)·中(zhong)(zhong)(zhong)證(zheng)(zheng)網(wang)(wang)(wang)(wang)(wang)與作(zuo)品(pin)作(zuo)者聯(lian)合聲明(ming),任何(he)組織未經中(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)券(quan)(quan)報(bao)、中(zhong)(zhong)(zhong)證(zheng)(zheng)網(wang)(wang)(wang)(wang)(wang)以及作(zuo)者書面授權不(bu)得(de)轉(zhuan)載、摘編(bian)或利用(yong)其(qi)它方式使(shi)用(yong)上述作(zuo)品(pin)。凡本網(wang)(wang)(wang)(wang)(wang)注明(ming)來源(yuan)非(fei)中(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)券(quan)(quan)報(bao)·中(zhong)(zhong)(zhong)證(zheng)(zheng)網(wang)(wang)(wang)(wang)(wang)的(de)作(zuo)品(pin),均轉(zhuan)載自其(qi)它媒體,轉(zhuan)載目的(de)在于更好服務讀者、傳遞信息之需(xu),并不(bu)代表本網(wang)(wang)(wang)(wang)(wang)贊同(tong)其(qi)觀(guan)點,本網(wang)(wang)(wang)(wang)(wang)亦不(bu)對其(qi)真實(shi)性負責,持異議者應與原出處單位主張(zhang)權利。
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