2009年金融形势评述

Financial developments in 2009

2009年,金融体系平稳运行,主要特点是:广义货币M2和狭义货币M1呈快速增长态势;人民币贷款投放较多,中长期贷款持续保持较快增长,票据融资先升后降;贷款、债券多渠道促进企业资金明显改善,企业资金总体充裕,资本市场持续分流居民储蓄,存款活期化趋势显著;银行间市场交易活跃,市场利率稳中有升;人民币汇率运行平稳,海外市场对人民币汇率由年初的贬值转为明显升值预期。

In 2009, China＇s financial performance kept stable and showed the following features. Both M2 and M1 increased rapidly. RMB loans kept at a high level. Medium- and long-term loans continued to expand rapidly, while paper financing had an inverted V-shaped trend. Corporate funds were greatly improved by loans and bonds and were generally abundant. Stock market continued to absorb savings, with obvious trend toward demand deposits. The interbank market traded actively, while the interest rates increased stably. RMB exchange rate kept stable, and RMB expectations switched from depreciation at the beginning of the year to appreciation in offshore markets.