您現(xiàn)在的位置: Language Tips> Audio & Video> China Daily Audio News  
 





 
Bank deposits on the rise
[ 2007-09-11 11:40 ]

Download

A substantial increase in corporate deposits helped the city's financial institutions to a 13.7 percent year-on-year surge in the total for August, as funds returned from the soaring stock market.

The outstanding value of deposits at the city's financial institutions stood at 2.86 trillion yuan on August 31, the Shanghai branch of the People's Bank of China said.

August also saw more than 88.1 billion yuan in new deposits - the highest for the period and a year-on-year increase of nearly 44 billion yuan.

That went against the trend of funds being diverted from bank deposits to the domestic share market, whose benchmark Shanghai Composite Index is trading at around 5300 points - five times the level of early 2006.

"Yuan-denominated corporate deposits rose substantially at domestic banks in Shanghai," the central bank said yesterday. Deposits rose about 81 billion yuan last month, with 85 percent from banks' corporate clients.

State-owned banks saw an increase of 19.3 billion yuan for new corporate deposits, commercial lenders 28.6 billion yuan and financial firms 21.5 billion yuan.

The central bank said the increase of corporate deposits was due to the growth of business income, the backflow of money used to buy new shares, and the counter-flow of idle corporate funds caused by the central bank's four interest rate rises this year.

"Nationwide, the situation of supply outweighing demand was relieved last month thanks to the policy to eliminate superfluous capacity and the fast-growing economy," said Li Huiyong, an analyst at Shenyin Wanguo Securities Research Institute.

"As a result, business income has increased a lot in the past month," he said.

To "control money supply and credit and stabilize inflation expectations", the central bank raised the interest rate again on August 22. The one-year deposit rate is now 3.6 percent, while the one-year lending rate is 7.02 percent.

(China Daily 09/11/2007 page 13)

(英語點津 Linda 編輯)

About the broadcaster:

Marc Checkley is a freelance journalist and media producer from Auckland, New Zealand. Marc has had an eclectic career in the media/arts, most recently working as a radio journalist for NewstalkZB, New Zealand’s leading news radio network, as a feature writer for Travel Inc, New Nutrition Business (UK) and contributor for Mana Magazine and the Sunday Star Times. Marc is also a passionate arts educator and is involved in various media/theatre projects in his native New Zealand and Singapore where he is currently based. Marc joins the China Daily with support from the Asia New Zealand Foundation.

 
 
相關(guān)文章 Related Stories
 
         
 
 
 
 
 
         

 

 

 
 

48小時內(nèi)最熱門

     
  吵架英語三十句
  尼日利亞議長叫停銀行“美女營銷”
  英語和漢語之間的詞匯空缺
  全國開展“無車日”活動
  五個手指怎么說

本頻道最新推薦

     
  女孩的心思誰能猜:Suspended from class
  《說點什么吧》:Say something anyway
  Mountain and cowboy culture meet in Jackson Hole
  Livestock disease spreads in Britain
  Working magic in the garden with beans

論壇熱貼

     
   "電視選秀"怎么翻譯?
  how to translate "造星"
  how to translate "特供豬"?
  參加BBC在線競賽 獲免費倫敦游機會!
  how to say "代言"
  “試婚”怎么說






精品无码久久久久久尤物,99视频这有这里有精品,国产UU精品无码视频,女同精品一区二区网站