Social financing generally refers to social financing. Social financing refers to the activities of lenders to raise funds through non-traditional bank loan channels. At present, except for bank loans and funds directly invested by the government, they are all considered as funds from social financing channels. Social financing is an important supplementary form of economic entity financing, which makes up for the shortcomings of narrow financing channels and insufficient capital supply of a single bank.
Compared with the amount of new loans, the scale of social financing is a broader statistical indicator of currency circulation. The total amount of social financing includes not only new loans from financial institutions, but also stock and bond financing, which extends the statistics of money flow to financing sources such as stock market and bond market, thus more truly reflecting the relationship between supply and demand of social and economic funds. The central bank released the statistical data report on the scale of social financing at the end of 2011June on 20 18+00/0. The data shows that the scale of social financing at the end of June was 197.89 trillion yuan, an increase of 65,438 over the same period of last year.
Facing the increasing scale of direct financing year by year, it is more and more difficult for the central bank to manage its liquidity. In order to better implement the macro-prudential policy, the People's Bank of China put forward the statistical caliber of currency circulation based on social financing-"social financing growth index". This indicator is based on describing the scale of social financing, or it will partially replace the reference indicator position of M2 (cash savings deposits of enterprises and institutions) in the process of monetary policy formulation, which means that the monetary policy operation will consider asset prices such as the stock market, which is conducive to establishing a new analytical framework and monitoring scope according to the requirements of macro-prudential supervision.
The People's Bank of China put forward "maintaining a reasonable scale of social financing" at the 20118 annual working meeting, and the fifth plenary meeting in the State Council emphasized "maintaining a reasonable scale and pace of social financing". This indicates that social financing, as a new concept, has officially entered the formulation and operation practice of China's monetary policy.
Since 20 18, the scale of social financing has been adjusted twice: the first time was in July of 20 18, the central bank included the loan write-off of asset-backed securities and deposit-taking financial institutions in social financing statistics; The second time was in September, 2065438+2008, when the central bank included local government special bonds in social integration statistics.
In the long run, compared with the steady growth of narrow sense M2, the total demand for social financing in 20 13 years will still be at a high level.
Financing support
On the one hand, a reasonable investment growth rate needs financing support. The market's expectation of GDP and fixed asset investment growth in 20 13 is about 7.8% and 20% respectively, and the corresponding social financing demand needs to increase by about 20%. The growth rate of investment is basically the same as that of capital: from 2009 to 20 1 1 year, the compound growth rate of fixed assets investment was 26.7%, while that of capital sources was 28.5%.
There is a great pressure to repay principal and interest.
On the other hand, in 20 13 years, there was a great pressure to repay the principal and interest. As of June 20 12 and 10, the balance of RMB loans was 62 trillion yuan. Assuming a total increase of about 1 trillion yuan in the last two months, the loan balance at the end of 20 12 will reach 63 trillion yuan. The newly disclosed weighted average interest rate of loans is 6.97%. Assuming that the weighted average interest rate of loans in 20 13 years falls to 6.5%, the interest expense of RMB loans in 20 13 years will reach 4. 1 trillion yuan. Coupled with financing channels such as trust loans, entrusted loans, bonds and private lending, the rigid interest expenditure will reach 6-7 trillion yuan.
What is the interest rate of 20 13 mortgage?
The mortgage interest rate for buying a house in 20 13 years is:
Loan within six months (including six months) 5.60; 6.00 The loan lasts for six months to one year (including 1 year); Loan for one to three years (including three years) 6.15; Three to five years (including five years) loan 6.40; Loans for more than five years.
Personal provident fund loan: the interest rate for less than five years (including five years) is 4.0; More than five years is the interest rate of 4.5.
Extended data
The central bank lowered the benchmark interest rate of RMB deposits and loans on June 8, 20 12 and July 6, 20 12, respectively, but for the old mortgage customers, the interest rate adjusted on July 6, 20 13+ 1 year will not be implemented until June. Interest rates are uniformly set by the central bank and implemented by commercial banks.
Loans granted by banks to natural persons with full capacity for civil conduct for the purchase of self-occupied houses are based on the purchased property houses as collateral, as a guarantee for repayment of loans and repayment of loan principal and interest on a monthly basis. It is divided into individual housing commercial loans (hereinafter referred to as commercial loans) and individual housing provident fund loans (hereinafter referred to as provident fund loans).