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Home >> Business
UPDATED: 20:08, March 17, 2006
China reports banking climate of first quarter: central bank
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A survey report publicized on Friday by the People's Bank of China (PBC) showed a record banking climate and bankers' confidence index in the first quarter of this year.

According to the survey, the banker's confidence index continued to soar, recording an all-time high of 82.4 percent in the first quarter of this year.

The new data marks the positive attitude of China's bankers for future development of China's macro-economy, said the report.

The banking climate index surged to 67.0 percent in this quarter, hitting a record high and indicating the sound operation of China's banks.

The forming mechanism of the RMB currency has been issued since the second quarter of 2005.

According to the report, in the first quarter of this year, a record high of 81.0 percent of surveyed bankers think the currency policy is moderate, 40.9 percent higher compared with the record low figure.

The banking loan requires the climate index to remain at a high level of 65.1 percent, slightly higher than the same period of last year.

Among the surveyed banks, 65.2 percent had a rising demand for loans over the last quarter and only 7.6 percent saw falling demand.

The survey covered around 28,000 banks in the country.

Source: Xinhua


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