In the first three quarters, China's RMB loans increased by 16.72 trillion yuan, an increase of 462.4 billion yuan year-on-year. On the 15th, the relevant person in charge of the people's Bank of China said at the press conference on financial statistics in the third quarter that the financial system insisted on putting serving the real economy in a more prominent position, maintaining the steady growth of the total financial volume and maintaining the overall stability of the economy. Pratt Whitney small and micro enterprise loans maintained a high growth trend In the first three quarters, the credit support of financial institutions to the real economy remained unchanged. Ruan Jianhong, director of the investigation and Statistics Department of the people's Bank of China, said that the prudent monetary policy should maintain continuity, stability and sustainability and enhance the stability of total credit growth. The people's Bank of China continued to guide financial institutions to increase financial support for key areas of the national economy. Inclusive small and micro enterprise loans also maintained a high growth trend and continued to maintain the characteristics of volume increase, area expansion, price reduction and structural optimization. Data show that at the end of September, the balance of Pratt & Whitney small and micro loans increased by 27.4% year-on-year, 15.5 percentage points higher than the growth rate of various loans. Pratt & Whitney small and micro loans supported 40.92 million small and micro business entities, with a year-on-year increase of 30.8%. The interest rate of the newly issued Pratt Whitney small and micro enterprise loan in September was 4.89%, down 0.19 percentage points from December of the previous year. "There were new highlights in the credit structure in the third quarter. Finance has made great progress in supporting new drivers, new industries and new formats, and financial resources are inclined to the country's' specialized and special new 'enterprises," Ruan Jianhong said. The data show that at the end of September, the loan rate of "specialized and special new" enterprises was 71.9%, and the average household loan balance was 75.82 million yuan; The loan balance of "specialized, special and new" enterprises increased by 18.2% year-on-year, 6.3 percentage points higher than the growth rate of all loans, and the average interest rate of loan contracts was 4.52%, 0.15 and 0.25 percentage points lower than the end of the previous year and the same period of the previous year, respectively. Maintain the stable operation of money market interest rates In September, the national consumer price index (CPI) and the industrial producer price index (PPI) increased by "one drop and one rise", the "scissors gap" between them continued to expand, and the development of small, medium-sized and micro enterprises faced varying degrees of pressure. In this regard, sun Guofeng, director of the Monetary Policy Department of the people's Bank of China, said that as a major producer in the world, China has strong economic self-sufficiency, most of the energy supplies of enterprises are guaranteed by long-term agreements, and the input impact of rising international commodity prices and rising inflation in various countries is controllable. Therefore, it is phased for PPI to remain high. With the recovery of global supply and the improvement of transportation efficiency, PPI is expected to decline from the end of this year to next year. CPI has increased, but it will continue to be within the expected target range at the beginning of this year. Sun Guofeng said that many departments, including the central bank, have taken relevant measures to effectively support small, medium-sized and micro enterprises to meet the challenges. Subsequently, the people's Bank of China will comprehensively use a variety of monetary policy tools to maintain reasonable and sufficient liquidity, maintain the stable operation of money market interest rates, and promote the steady decline of comprehensive financing costs of small and micro enterprises. In view of the Fed's recent statement on monetary policy, the market expects the fed to start reducing bond purchase before the end of the year. In this regard, sun Guofeng said that since this year, taking into account the changes in the international economic and financial market environment and the possible monetary policy adjustment of major economies, the people's Bank of China has made forward-looking policy arrangements to reduce the possible spillover impact caused by the policy adjustment of the central banks of developed economies. At present, China's financial market operates stably, the yield of 10-year Treasury bonds is generally at a low level, and the cross-border capital flow is basically balanced. "In the fourth quarter, the liquidity supply and demand of the banking system will continue to maintain a basic balance without major fluctuations." Sun Guofeng said that the people's Bank of China will continue to pay close attention to various factors affecting liquidity supply and demand, maintain reasonable and sufficient liquidity, and guide the money market interest rate to operate smoothly around the open market interest rate of the central bank, Provide a good liquidity environment for high-quality economic development. The issuance of individual housing loans remained stable In the first three quarters, the issuance of individual housing loans remained stable, and the growth rate of real estate development loans decreased significantly. Zou LAN, director of the financial market department of the people's Bank of China, believes that the amount of individual housing loans basically matches the amount of commercial housing sales in the same period. In a few cities, house prices have risen too fast, the investment of personal housing loans has been constrained, and the rising speed of house prices has been restrained to a certain extent. As house prices stabilize, the relationship between housing loan supply and demand in these cities will return to normal. With regard to the changes in real estate development loans, Zou Lan said that on the one hand, due to the recent risk exposure of individual large real estate enterprises, the risk appetite of financial institutions for the real estate industry has decreased significantly, and there has been a consistent contraction; On the other hand, some financial institutions have some misunderstandings about the "three lines and four gears" financing management rules, so that the projects that should have been reasonably supported can not get loans, which has also led to the tight capital chain of some real estate enterprises to a certain extent. In view of these situations, the people's Bank of China and the China Banking and Insurance Regulatory Commission have guided major banks to accurately grasp and implement the Prudential Management System of real estate finance and maintain the stable and orderly release of real estate credit. In addition, affected by risk events such as bond default of individual real estate enterprises, the price of US dollar bonds of overseas real estate enterprises has fallen significantly recently. Zou Lan said that relevant departments have paid attention to and will urge bond issuing enterprises and their shareholders to strictly abide by market discipline and rules, properly handle their own debt problems and actively fulfill their legal debt repayment obligations in accordance with the principles of marketization and legalization. In Zou Lan's view, the problems of Evergrande group are individual phenomena in the real estate industry. After the macro-control of real estate in recent years, especially the establishment of the long-term mechanism of real estate, the land price, house price and expectation of the domestic real estate market remain stable. Most real estate enterprises operate steadily and have good financial indicators. The real estate industry is generally healthy. Zou LAN stressed that the people's Bank of China will adhere to the positioning of "housing without speculation", not use real estate as a short-term means to stimulate the economy, continue to implement the long-term mechanism of real estate and maintain the steady and healthy development of the real estate market. (outlook new era)