Research and Markets: Chinese Finance Industry Research Report Reveals - The Balance of the Chinese Broad Monetary Supply Increased 28.5% by Mid 2009
DUBLIN--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/e81fbc/research_report_on) has announced the addition of the "Research report on Chinese Finance Industry, 2008-2009" report to their offering. At the end of June 2009, the balance of the Chinese broad monetary supply (M2) was RMB 56.9 trillion, rising by 28.5% YOY; the growth rate increased by 11.2% YOY. The balance of narrow money (M1) was RMB 19.3 trillion, rising by 24.8% YOY; the growth rate increased by 10.6% YOY. Stimulated by the loose monetary policy and active fiscal policy, Chinese economy is obviously boosted with ample liquidity and high vitality. In 2009H1, the amount of inter-bank borrowing was RMB 7.9 trillion with a daily transaction of RMB 65 billion. The daily transaction increased by 7.8% YOY. The interest rate of the money market maintains stable with slight increase. In 2009H1, the monthly weighted average interest rates of both bond pledged repurchase and inter-bank borrowing was about 0.85%. In June 2009, the monthly weighted average interest rates of both bond pledged repurchase and inter-bank borrowing was about 0.91%, displaying a rising trend. In 2009 Q2, influenced by the Chinese economy recovery and the overall stock increase of main economies, the transaction volume in the Chinese stock market increased; the stock index saw a large growth in fluctuation. At the end of June, composite indexes of Shanghai Stock Exchange and Shenzhen Stock Exchange were 2,959 and 962 respectively, rising by 1,138 (62.57%) and 409 (73.91%) compared with the end of 2008, almost the level of the end of 2008 Q2. The transaction amount in Shanghai Stock Exchange and Shenzhen Stock Exchange totaled RMB 22.18 trillion, rising by 30.9% YOY; the daily transaction amount was RMB 188 billion, rising by 33.1% YOY. Macro data in 2009H1 indicate that active factors in the Chinese national economy are rising. However, the global economy is still severe. There is great uncertainty in the Chinese economy. It is predicted that the Chinese government will continue the loose monetary policy in 2009H2 and the beginning of 2010. To prevent excessive rise of asset prices, the Chinese central government is estimated to regulate market liquidity mostly through tools for open market operations such as issuing central bank bills, carrying out repurchase, etc. Through this report, readers can acquire more information: * Operation of Chinese finance industry, 2008-2009H1 * Transaction in Chinese money market, 2008-2009H1 * Transaction in Chinese bond market, 2008-2009H1 * Transaction in Chinese stock market, 2008-2009H1 * Transaction in Chinese future market, 2008-2009H1 * Main policies on Chinese finance industry, 2008-2009 * Prediction on Development of Chinese finance industry, 2009-2010 The following people are recommended to buy this report: * Investment banks * Securities traders * Commercial banks * Investors concerning Chinese finance industry * Research institutions concerning Chinese finance industry * Others concerning Chinese finance industry Key Topics Covered: * Chinese Money and Credit in 2009H1 * Operation of Chinese Finance Market, 2009 * Operation of Chinese Finance Industry, 2009 * Policies on Chinese Finance Industry, 2008-2009 * Prediction on Chinese Finance Industry, 2009-2010 For more information visit http://www.researchandmarkets.com/research/e81fbc/research_report_on Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Copyright Business Wire 2009
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