but allow the customer purchase

-Reporter Gao Gaifang Shanghai reported the end of the month, the banks on sale of financial products advertising messages is overwhelming, financial world war was raging; high prices but at the end of the Bank "to buy" pageantry of the deposit are no longer. 7-day mortgage repurchase rate slightly down after 5 consecutive 24th day uplink, but the large bank acceptance bills discount rates are downA month or so. "This unusual ' both sides ' signals often appear in the near future, indicating that banks eased credit in some, but the funds in the financial system is still tight.　　"An analysis of the banking sector, said. Products put on the "one year" and "limit of China Merchants Bank will be held November 21-8 o'clock in the evening every selling financial products, receipts for the period 42Day 5%, 100,000 yuan from sth "　　"Shanghai Pudong Development Bank on sale November 23 to November 31, guaranteed income financial products, 1, 3.6%, 300,000 4.5% delegates" "China Construction Bank is now available for sale at the qianyuan series financing products: RI Xin month overflows (Beijing), opened by the day, period of 1-90 days, expected annualised rate of 2.1% per cent%; Another fixed-term profit, for the series, period of 30-300 days, expected annual rate of 4.2% per cent.　　"Shanghai is full of such advertising on the mobile phone text messages. Although short-term financing products issued is blocked, but banks through financing products seeking funding does not stop, but in the rolling cycle finance this open product to be replaced by。　　Careful analysis will find currently sells mostly around December 31 expiration of financial products, and scrolling issue due date extended to a week or so after the new year. Banking sector analysts believe that the financial product expires after December 31, 31st day financial products are not included in the deposit, as at December 31Deposits will not be a significant increase, would not have made this year's deposit base is too large, too much pressure on deposit business to the next year. Funds to the account of financial products day typically t-2, which means that expired on December 31 to January 2 next year will be transferred to the customer account, this period do deposit money, so in the new year holiday period, by financing products into the amount ofSignificant increase in the will as the Bank would like, realization of deposits "good start". It is worth noting is that currently offering financial products has become an open financial product, that is no longer scheduled release, but allow the customer purchase, redemption at any time, according to the actual calculation yields the financing period. ICBC's "smart line", CCB qianyuan (RI Xin month spilled) series products.Bankers explained that the prevalence of such product for two reasons: first, the Bank is not issued following a month of financial products, in order to maintain the advantages of liquid, we had to open the entire series into financial products and, second, regulators require banks deadline for cleaning up "pools of capital-asset pools" business. Lenders within a short time merged with the Department ofColumn financial products is a financial product in order to meet the requirements.　　Expensive "buy" money liquidity in the banking system although tense, but under supervision and marketing funds under pressure, and high "buy" money no longer prevail. In the inter-bank market, funds rate is still rising. As of market close on 24th, Bank of Shanghai interbank offered rate (Shibor),Overnight interest rates eventually ended the 9 consecutive gains, decreased slightly by 1 basis point.　　But it is still 3.9467% high, surpassed the 4% mark.　　Despite the rise in interbank interest rates generally, but banks seem to be on high "buy" money is no longer interested in. "The end of October and the end of November, the banks ' buy ' general decline in the price of the deposit. "Suzhou Mr Lin has depressionTold China Securities News reporter in a stuffy, which means he will cost the revenue of a hundred thousand of dollars. Starting from May this year, Mr Lin each month there are several banks scramble to "recruit", he will give their $ 30 million individual deposit in optimal conditions of bank deposits and for two days, access day, 3%. -5%.　　Benefits. "Time is of the highest end of June this year, will get 5%。 On June 29, deposited, on July 1 swtor credits, and earned almost $ 300,000!　　"Mr Lim recalls. But the end of October when he find banks, completely changed. "Local banks say no need, I looked for a Shanghai Bank to find, but can only show a maximum of 2%. And you want to shift money from Suzhou to Shanghai, a lot of trouble, I didn't do it. "Mr Lam said.Bankers told the China Securities newspaper reporter, and end in recent years, it is estimated that banks will no longer appear to spend expensive "buy" deposits. "Practices a daily assessment of deposits than now, no flush point. And regulators grasp was so rigid that once it is possible to Bank the purpose difference reserve ratio, the risk is too big and besides, by the end, banks marketing expenses have spentAlmost the same. Most of the banks not to 2%. Above prices.　　"The person admits. Funding is still not optimistic, "If you want to apply for the mortgage, you can now prepare material. But now is no time to apply. "A joint-stock banks in Shanghai have revealed that at present, Bank lending is the transition from basic link to started slowly swtor power leveling, so apply for loanDid not become easier. CICC pointed out that, from half a month before the November lending to the actual situation is not ideal, growth in October was not some $ 600 billion loan one-third October loans rebound may be short-lived.　　This also means that year reached $ 7.5 trillion of credit target difficulty increased. CICC that lending underCauses both a lack of demand reduction, there are factors of supply constraints, but the latter more important.　　In fact, loss of deposits has become the cash-strapped banks Prime "culprit". According to PBoC statistics, in October deposits falling 201 billion yuan, up less 361.8 billion yuan. Which household deposits falling 727.2 billion yuan, non-financial enterprisesDeposits increased by $ 86 billion, the financial deposits increased by $ 419 billion. Guangfa securities the latest study found that, although the structural relaxation of credit, but the overall tight liquidity situation has not changed. Although the $ 470 billion in new loans in October from last month rose to 586.8 billion yuan, but in October the Renminbi loans, M1 and M2 per cent growth rate continued to decline slightly,Growth from the previous month, 15.9% and six slipped to 15.8%, and 13%. Current relative to the real economic growth in money supply is still tight, continue to face the economic slowdown in the four-quarter pressures. M1 growth rates have fallen sharply since the second half of this year and in 2008 the situation is similar. Period number ()Average yield of 1 months 29 21. 17%4. 13% 73 53 from 1 month to 3 months. 28%5. 0% 3 26 18 months to 6 months. 98%5. 45% 6 9 6 months to 1 year. 57%5. 69% source: Cheng Shipu Yi