Financials Nov 28, 2020 03:56 AM (GMT+8)
For the current financial system for the real economy, Wang Qing, chief Macro Analyst of Dongfang Jincheng, believes that it basically conforms to the chronological schedule. According to its calculation, in November and December, banks need to reduce the burden on the real economy by 80 billion yuan to 100 billion yuan per month by reducing interest rates. The scale of "burden reduction" will be expanded compared with the previous September and October. This means that in order to complete the annual burden reduction target, the general loan interest rate of enterprises will keep a certain downward range before the end of the year, and the financing cost of the real economy is expected to continue to decline.
This text is a result of machine translation.