久久精品30_一本色道久久精品_激情综合视频_欧美日韩一区二区高清_好看的av在线不卡观看_国产自产精品_91久久黄色_午夜亚洲福利_欧美黄在线观看_国内自拍一区

Non-banking loans have been developing into a comparatively common financial activity in China over the past years, exerting a continuously wide influence on the Chinese economy, the Economic Information Daily reported on September 5, 2006.

 

Statistics from the Hefei Branch of the People’s Bank of China (PBC) show that total volume of non-banking loan trade approached 25 billion yuan (US$3.14 billion) in central China’s Anhui Province in 2005, almost 4.1 percent of the provincial bank savings.

 

Such loan trade is conducted between individuals or betwixt enterprises and mutual aid groups. In some areas, even financing circles, organized by villagers or privately-run enterprises mainly, have appeared.

 

Qin Chuansheng, governor of PBC’s Chaohu Branch, said that non-banking loans are currently flourishing in the countryside. Farmers with a funds surplus think that current bank rates are too low. If investing their savings in non-banking loans whose interest rates are up to the lending rates of rural credit unions, they can avoid fund risks as well as gaining comparatively significant returns and benefits. As for farmers in need of funds, non-banking loans offer additional advantages such as simplified procedures, flexible time limits and mutual coordination between demanders and suppliers.

 

The uses of non-banking loans have changed from meeting basic living requirements to expanding production, investment and consumption levels; and their time limit are moving towards being fixed long terms, said Qin. In his province, the uses of such loans have extended from family needs to solving the problems of local enterprises’ production operations and investment. The non-banking loan used in production and investment in Anhui has increased from 60 percent in 2004 to 80 percent in 2005, Qin said.

 

Because of the changing loan uses, loan term tends to be longer. In 2005 the proportion of loans with their term exceeding one year stood at 42 percent, up nearly 10 percentage points over the previous year.

 

The loan forms have also changed from previous oral and written agreements to more concrete stakes, mortgage intermediary guarantees. Intermediaries and related organizations have accordingly cropped up. Currently, 16 percent of Anhui’s non-banking loan activities are conducted via intermediaries’ written guarantee; 70 percent are conducted via intermediaries’ introduction.

 

In some areas, brokers, an embryonic form of intermediary institutions, have appeared providing non-banking loan services. The frequency of related legal conflicts stand at 6.05 percent.

 

(China.org.cn by Li Jingrong September 10, 2006)