è¶??¨æ???³ç??ä»?ä¹?ï¼?

??�
??æº????²ï?ä¼????°å¤®è¡???????常å?åº?ä¿¡è´·å½¢å?¿å¼±??è¶??¨æ°´å¹³å??é«????¶æ???对ä?ä¿¡è´·?©å?å¸þ=?¥è??¨æ???ï¼?????说中??æµ??¨æ?§è¡¥?????ï¼?å¤??ä¹??¨å???¶å???¿è????ï¼???018年以?¥ï??´å?????è¿?MLF??以å?对ã??

??????天é???究·å?ºæ?¶ã??å­?å½?½¬/??ä¿?¹³ï¼???系人ï¼?

?????? �

????å¸??ºå?³å??è¶??¨ç???ºç??»è??¨ä?ï¼?è¶??¨ç?´æ?¥ä??°é?¶è??´æ??¨æ?§ï?????è´§å??¿ç?????ï¼?ä¹????©ä?è§?å¯?è´§å??¿ç?ä¼?导æ??????å¸??ºé??常è?为ï?è¶??¨æ??¤®è¡????³æ³¨????ä¹?ä¸?ï¼?å¤??ä¼??¹æ?????æµ??¨æ?§å????è¿?è¡???ä½???

????ä½?ä»?å®???ç»???è§?å¯?ï¼?ä¼¼ä?并é??å¦?æ­¤ã??为ä?ä¹?ï¼?

?????¨è´§å¸??¿ç?è°??§æ?ºå?¶é??æ¸?ä¼?????????å¸??ºè?äº?æ·±å???????µä?ï¼?è¶??¨é??å¹´ä???ï¼?å¤????å¤?强è?è¶??¨ç??å·²ç??¾ä»¥??ç¡?????æµ??¨æ?§æ???µï??¨å?©ç??å¸??ºå?????¹é?©ç???????ï¼?è¶??¨é??è¦??§è?ä¸?æ­¥ä?????

??????ä¸?è¶??¨å¹¶??å¤??ä¸??????ï¼?è¶??¨æ°´å¹?æµ??¨æ?§ç?¶æ????¤®è¡??´å??äº?ä¸??????è¿?è¡???ä½?????ç»???ï¼?å¤??ä¼??¸æ?ºæ???©ã????è¡?å°±å?ï¼?ä½?ä¸????ºæ???ä½???å¤??ä¹?ä¼????ï¼?ä½??¢å?å¸??ºå?©ç??????????ä½?åº?对ï?è¿????´ç???ä¸??????å±?å¼?ï¼???è°?æµ??¨æ?§å??????è£????¶æ??ï¼????½æ???ä¸??æ³???æ¦?念å?????´ï?è¿?ä¸?°ºåºþ>?±å?è§?å½¢å?¿å?³å???

????å½???å¸??ºå?³æ³¨?¨ä?ï¼?ä¿¡è´·???¾å??´è??¨èµ°ä½?ï¼?å¤??ä¼???????¨ä?ï¼?

?????»è?ä¸?ï¼?ä¸??þA??¨å??ä½?????说æ??¨æ?§ä?足影???°è?产æ?©å?ï¼?å¤?????????è¦?è¿?è¡?对å??ºç?è´§å????¾å??æµ??¨æ?§è¡¥????ï¼??????ä¹?å½¢å????????

????è¦?注æ??ä»?è´§å??¿ç??»è??ºå??ï¼??¨ä¿¡è´·å?å§??©å???ï¼?ä¸????????????½æ?§ä?é«???

????é¦???ï¼??±ä?????ä¼?ä¸?次æ?§é???¾è?å¤?æµ??¨æ?§ï?容æ??????æµ??¨æ?§æ·¤ç§???å¤???¨è?å¾???ä½?ä¸??????å¦?ä½???è¿???å½???ä½????????£ç???????

?????¶æ?ï¼????????¸å???????¨æ??å·¥å?·ï???ä»?äº?ä¸????????è°??§æ?¹å????å¦???ä¿¡è´·å·²ç?å¼?å§?ä¿???????³ä???ç§???ï¼?继续宽货å¸???????说维?¤æ??¨æ?§è?为å??¾ç??å¿?è¦??§è???¶æ??????ä½???

??????æº????²ï?ä¼????°å¤®è¡???????常å?åº?ä¿¡è´·å½¢å?¿å¼±??è¶??¨æ°´å¹³å??é«????¶æ???

????对ä?ä¿¡è´·?©å?å¸þ=?¥è??¨æ???ï¼?????说中??æµ??¨æ?§è¡¥?????ï¼?å¤??ä¹??¨å???¶å???¿è????ï¼???018年以?¥ï??´å?????è¿?MLF??以å?对ã??

?????´è?ä¸?æ­¥ï??¨å»ºç«??°ä»£ä¸?¤®?¶è?ä½?ç³»ï?以å??对å?å®???æµ??¨æ?§è??§ç??è¿?ç¨?ä¸????????º«è¿?è¢??äº?äº??°ç??ä½????并ä??????解å?³æ??¨æ?§ç???????

??????æ­¤ï?2021年以?¥ï????????¸å???????????????????并ä?????çº?§£?³è??¨å??æµ??¨æ?§é???ï¼??????åº?ä»·æ?¼ä?导ï?é¢???管ç??ï¼?稳å??¿ã??宽信?¨ã??

????2020年以?¥ï??¨è·¨?¨æ????ç»´ä?ï¼?å¤??è¿?ä¸?æ­¥å???°ç????§å·¥?·ï?以ç?¸å?????è¾??ºæ??¨æ?§ï????¶è?ä¸?æ­¥ç?´æ?¥ä??¨ä???ä¸??¶è?ä¿¡è´·???¾å???´è¾¾å®?ä½???

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????å¼?年以?¥ï?æµ??¨æ?§è½¬??紧平衡ï?å¸??ºå?è¶??¨ç???³æ³¨åºþ=????ï¼???æ­¤ä?åºþA???±æ??????é¢?????å¸??ºä¸ºä»?ä¹??³æ³¨è¶????????è¶??¨ç??è§??²å?ä½??????????ï¼?ä¸?è´§å??¿ç???ä½??????????ç³»ï???ä»??å¸??ºå?³å????è´§å??¿ç?æ¡??¶å?ºå????

????1. å¸??ºå??å¤???¼ä¸­??è¶??¨æ??ä»?ä¹??ºå???

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????å¸??ºå?³å??è¶??¨ç???ºç??»è??¨ä?ï¼?è¶??¨è?½è¡¡???¶è??´æ??¨æ?§ï?????è´§å??¿ç?????ï¼?ä¹????©ä?è§?å¯?è´§å??¿ç?ä¼?导æ????????æ­¤ï?å¸??ºè?为ï?è¶??¨æ??¤®è¡????³æ³¨????ä¹?ä¸?ï¼?å¤??ä¼???对è??¨è?è¡???ä½???

??????è¶?é¢???å¤?????ï¼?è¶??¨ç??ï¼????é¢???å¤???ä½?é¢?ä¸???项å?款ä?é¢?ä¹?æ¯?ï¼???¡¡???¶è?ä½?ç³»æ??¨æ?§ç???³é??????······è¶??¨ç????é«?ä½?ï¼??¢å??»¥è¡¡é???¶è?æµ??¨æ?§æ°´å¹³ï?ä¹???´§å¸??¿ç????þ=????ä¼?导ç????è¦???å¿?ä¹?ä¸?????

????????2018å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

??????ä¸??½ç???å¥??¨å?½é??ç»?éª???è¿?å¤??èµ?产è??ºè¡¨è§?模æ?¥å?¤æ??´§å¸??¿ç?????ï¼?????è¦???è¶?é¢???å¤???????????ï¼??¿æ???³é?????æ³?å®???å¤?????对é?¶è?è´§å??????½å??çºþ=????????????

????????2019å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

????ä½?ä»?å½???è´§å??¿ç?æ¡??¶å?ºå??ï¼?æµ??¨æ?§ç?¶æ??ä»?ä»???½±????ä¸??¶è?è´§å?????è¡?为ç??å¤??¨çº¦??ä¹?ä¸???å¤????è¿?å®????¿ç??©ç??ä½?ç³»ï?å®??°â??社è????M2å¢???ä¸???ä¹?GDPå¢????ºæ???¹é??????ä¸??????ï¼?è¿???è¾¾æ????å¸??¼ç¨³å®???ç»?æµ?å¢??¿å??å°±ä???????ç»????????¨æ?è¿?ç¨?ä¸??å¤????è¿?ç¼?????ä¸??¶è???å¤??¨çº¦??????æµ??¨æ?§ã??èµ??????©ç??ï¼?å½±å??è´§å?????è¡?为ï?å®???è´§å?ä¾?åº?è°??§æ?ºå?¶ã??

????æ­¤å?ï¼?è´§å??¿ç?ä¼?导æ????ä¹?ä¸?è´§å?ä¿¡è´·???¾æ?????¸å?³ï?è´§å?ä¾?åº???è°??§è??????¡ä?ä¸????????

??????å¦?????å¤????????????????»é?¸é?¨â??ï¼??£ä???ä¸??¶è?å°±æ???导央è¡?èµ???????å¼?æ°´æ???????å¼?æ°´æ???æ°´ä?ï¼?è¶??¨ç??ï¼?????????»¥?´è?????å¤?????¾ç??èµ??????þ@??°ä?????ä¼?导······ä???????ä¸???ï¼??¶è?ä½?ç³»è??¨ç??并æ?????ï¼?è´§å?信贷平稳å¢??¿ï?表æ??å¤?????¾ç??èµ???并æ??·¤ç§??¨â??å¼?æ°´æ???ï¼???ä¸??¶è?ï¼?ï¼??????ºæ????¨é?¨ä?导å?°ä?å®?ä½?ç»?æµ???ä»???ä»·â??ä¸???ï¼??ºå?¸å?©ç???¾è??ä¸???ï¼?è´·æ??©ç??稳中è¶???ï¼?ä¹?表æ??å¤?????¾æ??¨æ?§ç???©ç??ä¼?导æ????æ­£å?¨é??æ­¥æ?¾ç?°ã????

???????? 2018 å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

??????æ­¤ï?è¶??¨å¹¶??å¤??ä¸??????ï¼?è¶??¨æ°´å¹?æµ??¨æ?§ç?¶æ????¤®è¡??´å??äº?ä¸??????è¿?è¡???ä½?????ç»???ï¼?è¿????¢å¤®è¡?ä¼??¸æ?ºæ???©ã????è¡?å°±å?ï¼?ä½?ä¸????ºæ???ä½???å¤??ä¹?ä¼????ï¼?ä½??¢å?å¸??ºå?©ç??????????ä½?åº?对ï?è¿????´ç???ä¸??????å±?å¼?ï¼???è°?æµ??¨æ?§å??????è£????¶æ??ï¼????½æ???ä¸??æ³???æ¦?念å?????´ï?è¿?ä¸?°ºåºþ>?±å?è§?å½¢å?¿å?³å???

???????¨ç??????æµ??¨æ?§ç???æ¡??¶ä?ï¼?å¤?????å¸??ºå?©ç??å¼?å±???ä½?ï¼???论影???¶è?ä½?ç³»æ??¨æ?§ç????ç§???ç´?å¦?ä½?????ï¼?å¤???½ä??µæ´»è¿??¨å?ç§?è´§å??¿ç?å·¥å?·å???¶å?对ï?ä¿???æµ??¨æ?§å??????è£?????

????????2021å¹´ç???季度货å??¿ç??§è??¥å??

??????ä¸?¤®?¶è???è´§å??¿ç????????³ä?ç»?æµ?????å½¢å?¿ã??????æ°´å¹³ç­?å®?è§???ç´?ï¼??¨ä?段æ?¶é?´å???·æ???¸å?稳å??§ã???¨æ?¢å???è´§å??¿ç?????ä¸?ï¼????å¸??ºæ??ä½????¹å??????åºþ?¸»è¦????³ä?æµ??¨æ?§ä?æ±??¶å?µå??æµ??¨æ?§ç???????è¦?????

????????2015å¹´ç?äº?季度货å??¿ç??§è??¥å??

????å½??¶ï?å¸??ºè????¾å??????çº?ç»?ï¼?社ä???èµ???æ±?å°?????¨ä¿®å¤?ï¼?è¶??¨å??ä½????¶å?µè?ä¸?è¦?解å?³ï?

????2. è¶??¨ç©¶ç«???å½?ä»?ä¹?è§??²ï?

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????å¸??ºæ????å°?è¶??¨å??æµ??¨æ?§ç?¸è??ç³»ï?ä½?é¦???è¦???ç­?????????è¶??¨è?½å?þ@??ç¡?????æµ??¨æ?§ç?¶å?µï?

????2.1. è¶??¨è?½å??ç¡??????¶è??´æ??¨æ?§å??ï¼?

?????¹æ??017å¹´ç?äº?季度货å??¿ç??§è??¥å??ï¼?è¶?é¢?å­?款å??å¤??????ºç?è´§å?????è¦?ç»????¨å??ï¼?ä¹????????ºæ??æµ??¨æ?§æ??强ç??èµ?产ï??¶æ?°é???æ¯???ä¸?å®?ç¨?åºþ????»¥?????????ºæ??æµ??¨æ?§ç?¶å?µã??

????为ä?ä¹?强è???ä¸?å®?ç¨?åºþ????ï¼?

??????ä¸??¶è???å­?è¶????ä¸??¹é??¸ºäº?èµ?产æ?©å?ï¼????¶ä¸ºäº?满足èµ???è·¨è?æµ??¨ã?????æ¸?ç®?ç­???æ±?ï¼?è¿??¨å??å±?äº??¥å¸¸è¿??¥å?è¦???è¶??¨è?模ï????·æ?????§ç??ï¼?并ä??½ç??å®?????æµ??¨æ?§ç?¶å?µã???????§è??¨â??主è?????管ã?????æ¸?ç®???????????å¸??ºå??å±?ç¨?åºþ:????ä¸??¶è?æµ??¨æ?§ç???æ°´å¹³??è´§å??¿ç???ä½??ºå?¶ã??è´§å?å¸??ºå?©ç??æ³¢å?¨æ?§æ???³ï?????ä¸?è¿°å??ç´?????æ¸?????ï¼?è¶??¨ç??ï¼?主è????????§è??¨â??ï¼????°é??æ¸?ä¸?????è¶??¿ã??

?????????§è??¨â??以å????¨å?????½å??ç¡??????¶è??´æ??¨æ?§ï?è¿??¨å??èµ?????å­?ä¸?è¶??¨å?©ç??????ä¸??¶è?èµ???使ç?¨æ??????è´§å??¿ç?ä¼?导æ????ç­???ç´????³ã??

????ä½??±ä????§è??¨é??å¹´ä???ï¼???æ­¤è??¨ç??å·²ç??¾ä»¥??ç¡?????æµ??¨æ?§æ???µï?å¸??ºå?©ç???????å¯?æµ??¨æ?§ç????????????

???????¨å????正常货å??¿ç????????ï¼????½é?????ºæ??è¶??¨ç??ä¸????¢æ??????ä½?ç³»ä?????å±???ç»???ï¼?ä¹???¤®è¡?è´§å??¿ç?è°??§æ?ºå?¶ä????????表ç?°ã??ä»??½é??ç»?éª???ï¼?æµ??¨æ?§æ?»é??é«?ä½?ä¸?å¸??ºå?©ç??è¿?è¡???平稳?§å¹¶ä¸??´æ?¥ç?¸å?³ã??ä¾?å¦?ï¼???008å¹´å?½é???????±æ?ºå????常æ??è´§å??¿ç??¶æ??ï¼?ç¾??½å?款类?????ºæ??è¶?é¢???å¤????»é??ä»?20亿ç???å·þ@?³ï?ä½?è¿?并æ??½±???¶è´§å¸?å¸??ºå?©ç??平稳è¿?è¡?????æ­¤ï?å½???ä¸?å®???çº??¹æ????¨æ?§æ?»é????è¶??¨ç???¤æ????¨æ?§æ?¾ç´§ç¨?åºþ??ç§?å­þ=?¹æ?????

????????2021å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????2.2. è´§å?è°??§æ?¹å??¨è½¬??ï¼?è¶??¨ç©¶ç«???å½?ä»?ä¹?è§??²ï?

????1993å¹?1??ä¸??½å?±äº§??????å±?ä¸?ä¸??¨ä????³ä?建ç?社ä?主ä?å¸??ºç?æµ?ä½??¶è?¥å¹²??????³å??????ºè?建ç?以é?´æ?¥æ??段为主ç??å®?????å®?è§?è°??§ä?ç³»ï?1998年中?½äººæ°??¶è???æ¶?äº?ä¿¡è´·??é¢?管ç????

????è¿???1ä¸?çº?»¥??ï¼????½è´§å¸??¿ç?è°??§æ?ºå?¶ä?以ç?´æ?¥è??§ä¸ºä¸»è½¬??为以?´æ?¥è??§ä¸ºä¸»ï?并é??æ¸?å½¢æ??äº?以广ä¹?è´§å?ä¾?åº???为中ä»???????以维???©ä»·ç¨³å?为æ??ç»???????å¤?ç§?è´§å??¿ç?å·¥å?·ç???è¿??¨ç???°é????为主??è´§å??¿ç?è°??§æ??¶ã??

??????æ­¤ï??¨è?ä¸??¶æ?ï¼?è´§å??¿ç?è°??§é??å¿??¨ä??ºç?è´§å????°é??ï¼?è¶??¨ç????è¦??§ä?è¨????»ã??

??????å°½ç????½ç??è´§å??¿ç???ä½?????????ä¸???ï¼?ä½?æµ??¨æ?§å????é¢?æµ??½æ????°æ??ä½??????????³é??????ä¹?ä¸?????

????????2004å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

??????è¿?å¤????¶è?ä½?ç³»æ??¨æ?§ä?ä¿?使å??ºäº§???©ç??ä¸?????é¢???ï¼??????ºæ??¶è??´å????¾è´·æ¬¾ï?è¿?å°????¶è?ä½?ç³»æ??¨æ?§ä?ä¿?使å??ºäº§???©ç??ä¸?????é¢???ï¼?????ä¿?使é?¶è??¶ç´§ä¿¡è´·Â·Â·Â·Â·Â·Â·ä¿???æµ??¨æ?§æ°´å¹³ç??平稳??åºþ???????½è´§å¸??¿ç??±ç?´æ?¥è??§å???´æ?¥è??§è½¬??ï¼?ä¸?¤®?¶è?æµ??¨æ?§ç???ä¹??¥ç????为货å¸??¿ç?å®??½ç??ä¸????容ä?ä¸?????

????????2006å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

????2012年以?¥ï?ä¼´é??ç»?æµ?è¿??¥æ?°å¸¸??ï¼?????æ·±å???¨è?ï¼??©ç??å¸??ºå??ä¹??¨å?????¨è?ï¼?ä¸??½è´§å¸??¿ç?æ¡??¶è???è½???ï¼??±æ?°é????è°??§ä¸ºä¸»é??步转???¼é¡¾?°é????ä»·æ?¼ï??´å?³æ³¨ä»·æ?¼ç???¹å??ï¼?è¶??¨ç????????è¦??§é??æ­¥ä???ï¼?ä½?ä»???¤®è¡??³æ³¨ä¹?ä¸???

????ä¸??¹é?¢ç?æµ???å±?å¼?å§?è¿??¥æ?°å¸¸??ï¼?ç»?æµ???ç»????§ç???¾ç??ºï??¨ç???è°??´è?ç¨?ä¸??è´§å??¿ç??»ä?åº?ä¿???审æ????稳å?¥ï?ä¸??½è?åºþ=?¾æ°´ï¼??°é????è°??§å·¥?·å???½ä????²ä»·?¼æ?ºå?¶å¹¶å¹²é?å¾??主ä?è¡?为ã??

?????þ???¹é????¨é???????°å???????±å????²å?»ä?ï¼?ä¸??½è´§å¸??°é??è°??§æ?????§æ?¥ç??ä¸??????¹å??????????©ç??å¸??ºå???¹é?©ç???ºæ?????ï¼????©ç??为主??è´§å?ä»·æ?¼è??§æ?¹å?è½?????å¿?è¦??§å??è¿????§æ?¥è?ä¸?????

????æ­¤å?ï¼????½æ??¨æ?§ç???å·¥å?·å??å¤?æ±???款ä?为å?ºç?è´§å????¾ä¸»è¦?æ¸???????äº??¹æ???§å????ï¼??????©ç??å¸??ºå????æ±????¹é?©ç???¨è???????å¸??ºç????å±?ï¼?ä¹?为货å¸??¿ç?æ¡??¶è½¬??å¡???äº??¡ä»¶??

??????æµ??¨æ?§ç?????¸­å¤??¶è?????è¦???è´£ï?ä¹?????°è´§å¸??¿ç?????????è¦???段······中å¤??¶è??¹æ???æµ?????å½¢å?¿å??è´§å?è°??§ç????è¦?ï¼?ç»???æµ??¨æ?§å??????è¶??¿ï?????使ç?¨ä???æµ??¨æ?§ç???å·¥å?·ï?对ç????ä¸????¿æ??æµ??¨æ?§è?è¡?????è°???ï¼????¥å¥½å·¥å?·å????ï¼?ä¿???æµ??¨æ?§æ?»é????????åºþ

????????2015å¹´ç?äº?季度货å??¿ç??§è??¥å??

??????ä¹?è¦????°ï??¨ä¸­?½ç?æµ?è½???è¿?ç¨?ä¸???¨å??ä¼?ä¸????????ºæ??è¡?为æ??±ä???è¾¾å?½å?å­??¨å?大ä???ï¼?ä¸?ä¸?å®?以å?©æ¶¦??大å??ä½?为æ??ç»?????ï¼?????å¸??ºç???è¿?ä¸????å®???ï¼?ä¿¡æ???对称æ¯?è¾?严é??ï¼?ä½?为ä?ç»??©ç??æ¸???ä¿????è´§å??¿ç?ä¿¡è´·ä¼?导æ???????è¦??§ä??´å??çª??ºï??¨å??å¾??ç»?æµ?主ä?对å?©ç????????è¿?ä¸????????ï¼?ä¼?ä¸????°æ?¹æ?¿å?ä¹?å­??¨æ??èµ????²å????¨è????åº?以货å¸?ä¾?åº?????ä¿¡è´·??为主è¿???´§å¸?ä»·æ?¼ä¸ºä¸»æ?¶å??³æ³¨äº?????æ³¢å?¨æ?§å?????§æ?§ï??±æ??¨æ???¥ä?段æ?¶æ????æ­¥é??è§?è´§å?ä»·æ?¼è??§ç?????¶è?åº??³æ³¨è´§å?ä¾?åº?????è´·æ?ç­?æµ??¨æ?§ç??????????

????????å¤??å·¥ä?论æ????ä¸??½ç¨³?¥è´§å¸??¿ç???å®?è·µç?éª?ä¸?è´§å?? ç­???论ç???½é????沿ã??

??????????è´§å??¿ç?è°??§æ??¶ä??°é????为主??ä»·æ?¼å??为主??步转??ï¼?è§?å¯??¶è?ä½?ç³»æ??¨æ?§å?ä»???????????ä»·â??两æ?¹é?¢ç????ï¼?ä¸???????????ï¼?è¦????¶è?ä½?ç³»è?é¢???å¤???æ°´å¹³ï¼???ä¸?????????ºç?è´§å??°é??ï¼?äº???????ä»·â??ï¼?ä¹?å°±æ?????è´§å?å¸??ºå?©ç??å°¤å?¶æ???¶è??´ç??èµ???ä»·æ?¼ã?????????????°å??????å¸??ºæ·±????å±?ï¼?ä»·æ?¼å??????å°??´è???è¦?????

????????2018å¹´ç?äº?季度货å??¿ç??§è??¥å??

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????2019å¹????¹é?©å???LPRå½¢æ???ºå?¶ä»¥?¥ï??©ç??å¸??ºå???¹é?©å??å¾??¾è??????ï¼????½è´§å¸??¿ç?è°??§æ?ºå?¶å?ºæ??½¬??ä»·æ?¼å??è°??§ä¸ºä¸»ã??è¶??¨ç????è¦??§è?ä¸?æ­¥ä?????

??????ä»??½é??ç»?éª???ï¼?å¤??å®??°è´§å¸??¿ç???ä½???????两类??æ³?ï¼?ä¸?ç±»å??æ³????å¸??ºå?©ç??ä½?为æ??ä½?????ï¼???è¿?æµ??¨æ?§è???å¼?导å??ºå?©ç???¨æ??ä½???????è¿?è¿?è¡?ï¼??þ??ç±»å??æ³????è´§å??¿ç?å·¥å?·å?©ç??ä½?为央è¡??¿ç??©ç??ï¼?并以此为??ä½?????ï¼?ä»???å°???ä½????????¿ç??©ç????è´§å??¿ç?å·¥å?·å?©ç??????为ä???2008å¹´å?½é???????±æ?ºä???ï¼?ç¬??ç±»å??æ³???é«?è´§å??¿ç??????§å??ä¼?导æ??????ä¼??¿æ?¾ç?°ï???æ¸???为主æµ???

????人æ??¶è???è¿??¿ç??©ç??ä½?系影??å¸??ºå?©ç??ï¼?è´·æ?å¸??ºæ?¥ä»·?©ç??ï¼?LPRï¼???LF?©ç???ºç?ä¸????§å??ºå???¹å????¹å½¢??ï¼?????è¿??¶è?è¿???PRå®?ä»·å½±??å®????§è???è´·æ??©ç??ï¼??±å??å½¢æ??å¸??ºå?????©ç??å½¢æ????ä¼?导æ?ºå?¶ï?以æ?è°???èµ???ä¾?æ±???èµ?æº???ç½??å®??°è´§å¸??¿ç?????????

???????????¥å?¨ç?°ä»£è´§å??¿ç?æ¡??¶ã??

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????3.è¶??¨ã??æµ??¨æ?§ä?è´§å??¿ç???ä½?

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????3.1. ?????ç´?å½±å??è¶???æµ??¨æ?§ï?

????ä»???????¢æ?¥ç??ï¼????¤æ??å½±å??è¶??¨ç???¿æ???¶åº¦?§å??ç´?ç­?ï¼???ä»???常使?¨â??äº???å­?模å?????¥å?»ç?»è???æµ??¨æ?§ç????????????

????对ä?å¤??èµ?产è??ºè¡¨ï¼??»è?äº?å¤?æ±???æ¬?é»???+?¶ä??½å?èµ?äº?对æ?¿å??ºæ??+对å?¶ä?å­?款æ?§å???¸å?ºæ??+对å?¶ä??????§å???¸å?ºæ??+?¶ä?èµ?产ã??

?????»è???è´§å???è¡?+?????§å???¸å?æ¬????????ºæ??å­?æ¬?ä¸?计å?¥å?¨å?è´§å????????§å???¸å?æ¬??ºå?¸å??è¡?+?½å?è´????¿å?å­?æ¬?????èµ???+?¶ä?è´??ºã??

????ä»???æ¯???æ³¢å?¨è?åºþA????ï¼???ä»?¸»è¦??³æ³¨å¤?æ±???款ã??对å?¶ä?å­?款æ?§å???¸å?ºæ????è´§å???è¡????????§å???¸å?款ã???¿å?å­?款å??ä¸???项ã??

?????ºä??»è?产ç?äº??»è??ºç??????ï¼?å°???æ¯?/æ³¢å?¨è?å°?????项忽?¥ä?计ï???»¥å¾??°ä?ä¸??å¼?ï¼?ä¹??³ä???å­?模å????

????ï¼?è¶?é¢???å¤?????ï¼?å¤?æ±???æ¬?ï¼?对å?¶ä?å­?款æ?§å???¸å?ºæ??-ï¼??¿å?å­?æ¬?ï¼?è´§å???è¡?-ï¼?æ³?å®?å­?款å??å¤???

????å¤????021å¹´ç???季度货å??¿ç??§è??¥å??ä¸??é¢?å¤????¥ä?????ºæ??å¤?ä»???å­?款账?·ã??

???????¶è?ä½?ç³»æ??¨æ?§ä¸»è¦??????????ºæ??å­??¾å?¨å¤®è¡???è¶?é¢???å¤?????å½±å?????½é?¶è?ä½?ç³»æ??¨æ?§ç????ç´?è¾?å¤?ï¼?主è?????STRONG>æµ???ä¸??°é?????¿å??¨å¤®è¡?å­?款ã??æ³?å®???å¤???å­?款ã??å¤?????????½å???èµ?产ï?以å??????ºæ??å¤?ä»???å­?款ç?????

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????3.2. è¶??¨ç????ä½?ï¼?å¦?ä½?åº?对ï?

??????021å¹?4è´§æ?¿æ?¥å??ä¸??å¤??å°?å½±å??æµ??¨æ?§ç????ç´?????为中?¿æ????ç´?????????ç´???

????ä¸??¿æ????ç´????????ä¸??°é????ç»?æµ?å¢??¿ã??å±?æ°??¶å?¥å?????å¸þ=?¥ç???¿æ??è¶??¿æ?§å??¿ï??¿å??¨å¤®è¡?å­?款中稳å?å¢??¿ç???¨å??ï¼????¶è????¾è´·æ¬¾æ????å®?ä½?ç»?æµ?????å­?款è??å¢?????æ³?å®???å¤???å­?æ¬?/STRONG>ï¼?以å??????ºæ??客æ?·å?ä»???å­?款ç??è¶??¿æ?§å??¿ã??

??????????ç´?????´¢?¿å?¨å¤®è¡?å­?款ç??æ³¢å?¨ã???????¥ç?°é?????¾ã??æ³?å®???å¤???å­?款å??????ºæ??客æ?·å?ä»???å­?款ç??????å¢?????????

????对ä?????å½±å????ç´?ï¼?人æ??¶è??¨å???????¡å?¶å???²æ³¢?¨è?å¾????????¹ç?¹ç???ºç?ä¸?ï¼?主è???è¿????å¸??ºæ??ä½?ç­?????å·¥å??/STRONG>???»ç²¾??è¿?è¡?æµ??¨æ?§è¾¹??è°???ï¼??¨å¹³????å½±å????ç´?ï¼?稳å?å¸??ºé?????

????对ä?ä¸??¿æ??å½±å????ç´?ï¼?人æ??¶è?主è??¹æ???¶å??¿è??¿ï?è¿???STRONG>æ³?å®???å¤???????ä¸?????贷便?©ç?å·¥å??/STRONG>???¶é??åºþ@???ä¸??¿æ??æµ??¨æ?§ä?ç»?ï¼?????满足????è´§å?ä¿¡è´·????å¢??¿ç??ä¸??¿æ??æµ??¨æ?§é??æ±???

????å½???å¸??ºå?³æ³¨?¨ä?ï¼?ä¿¡è´·???¾å??´è??¨èµ°ä½?ï¼?å¤??ä¼?å¦?ä½?åº?对ï?????è¿???LFï¼?

???????¨æ??æ³?å®?å­?款å??å¤???????è¦?æ±?ä¸?ï¼?????å­?款å???ï¼??¶è???è¦????´å???æµ??¨æ?§ï?è¶?é¢???å¤???ï¼?è½?¼´ä¸ºæ?å®???å¤???ï¼??¥æ??¨æ?§ä?足å????æ³???è¿?è¡?èµ?产æ?©å?????

????????2017å¹´ç?äº?季度货å??¿ç??§è??¥å??

?????»è?ä¸?ï¼?ä¸??þA??¨å??ä½?????说æ??¨æ?§ä?足影???°è?产æ?©å?ï¼?å¤?????????è¦?è¿?è¡?对å??ºç?è´§å????¾å??æµ??¨æ?§è¡¥????ï¼??????ä¹?å½¢å????????

????ä»?è´§å??¿ç??»è??ºå??ï¼??¨ä¿¡è´·å?å§??©å???ï¼?ä¸????????????½æ?§ä?é«???

????é¦???ï¼??±ä?????ä¼?ä¸?次æ?§é???¾è?å¤?æµ??¨æ?§ï?容æ??????æµ??¨æ?§æ·¤ç§???å¤???¨è?å¾???ä½?ä¸??????å¦?ä½???è¿???å½???ä½????????£ç???????

??????æ³?å®???å¤?????ä¸?è°?ç­???ç´?ä¼?使æ??¨æ?§ä?ç»?ä¸?次æ?§å¤§å¹?å¢???ï¼????¶è?ä½?ç³»æ?©å?è´·æ?è¿???å¢???对æ??¨æ?§ç????æ±?????¹³ç¼???æ¸?è¿???ï¼???è¦?ä¸?ä¸??ç¨????¨å??ºç????èµ???ä¾?ç»????¾å¤§äº???æ±??????µä?ï¼???????è¿????å¸??ºæ???è´???ä½?ä»??¶è?ä½?ç³»é??å½???笼æ??¨æ?§ï?????æµ??¨æ?§ç??æ¶???????æ¸?è¡¥å?????»ï?使æ?å®???å¤?????ä¸?è°?ä¸?次æ?§é???¾ç??大é??èµ??????£å?°ä?段æ?¶é?´å?????????¾ï??¿å??æµ??¨æ?§å¤§??淤积äº??¶è?ä½?ç³»å?大é????å¸??ºç??æ½??¨é??©ã????

????????2015å¹´ç?äº?季度货å??¿ç??§è??¥å??

?????¶æ?ï¼????????¸å???????¨æ??å·¥å?·ï???ä»?äº?ä¸????????è°??§æ?¹å????æ­£å???ä»??¢é???????¥å??ï¼???è´§æ?¿æ?¥å??解ç?äº????å¸??ºç????ï¼???ï¼?20230225ï¼?ä¸???è¨?ï¼?宽货å¸???¸ºäº?宽信???ä¸?å½???æµ??¨æ?§ç?????ä»?äº?信贷管ç??ï¼?å¦???ä¿¡è´·å·²ç?å¼?å§?ä¿???????³ä???ç§???ï¼?继续宽货å¸???????说维?¤æ??¨æ?§è?为å??¾ç??å¿?è¦??§è???¶æ??????ä½???

??????ä¸?è°?æ³?å®???å¤???????è´§å??¿ç???ä½??¾æ?¾ä??¶è?è´·æ?????å­?款è?为ç??æµ??¨æ?§çº¦??ï¼??¨ä¿¡?¨æ?¶ç¼©???????èµ·å?°ä?对å?²ä????使货å¸??¡ä»¶?»ä?ä¿???稳å?????

????????2019å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

????对ä?ä¿¡è´·?©å?å¸þ=?¥è??¨æ???ï¼?????说中??æµ??¨æ?§è¡¥?????ï¼?å¤??ä¹??¨å???¶å???¿è????ï¼???018年以?¥ï??´å?????è¿?MLF??以å?对ã??

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

?????????¨è´§å¸??¿ç?ä¼?导ä???ï¼?????说信贷æ???¾ä?å¤?ç§??????¶å??ï¼?å¤?????´å????©ä?????ï¼???ä¸?ï¼?????ä¹?ä¼?ä¼???????ç»????§å???以å??°æ??¨æ?§ç??ç²¾å??æ»´ç??ï¼?è¿???018å¹?2019年央è¡?è¿?ç»????????ï¼?以å??????ç½???LF?????????¨ã??

??????å½??¶ï??????¨ç???ä¸???å±??¨é???ï¼?è´§å??¿ç?ä¼?导ä???¸´ä¸?äº?çºþ=????为æ?ï¼?ä¸??½äººæ°??¶è?????äº?å®??????????©å¤§?µæ?¼å?????´ã???¨å?ºæ??¥ä?ä¸??ºå?¸è??èµ?????å·¥å?·ç?å¤?ç§????½ï???强â??ç²¾å??æ»´ç????ï¼?å¼?导é?????ºæ????大å?æ°??¥ä?ä¸???å°?å¾??ä¸?????????åºþ:??ä¸?æ­¤å???¶ï?ä¹???è¦??¸å?³é?¨é?¨è?ä¸?æ­¥å??强å??è°?????ï¼?综å???½ç?ï¼???è¿?????家æ?????±å???¹å??è´§å??¿ç?ä¼?导ç??å¾???ºç?????

????????2018å¹´ç?ä¸?季度货å??¿ç??§è??¥å??

????2020年以?¥ï??¨è·¨?¨æ????ç»´ä?ï¼?å¤??è¿?ä¸?æ­¥å???°ç????§å·¥?·ï?以ç?¸å?????è¾??ºæ??¨æ?§ï????¶è?ä¸?æ­¥ç?´æ?¥ä??¨ä???ä¸??¶è?ä¿¡è´·???¾å???´è¾¾å®?ä½???

??????æ­¤å??æº????²ï?ä¼????°å¤®è¡???????常å?åº?ä¿¡è´·å½¢å?¿å¼±??è¶??¨æ°´å¹³å??é«????¶æ???ä»??°æ????¢å??¾çº¿ç´??2017å¹´å???019å¹´ä¿¡è´·é??æ±?è¾¹é??èµ°å¼±ï¼?对è??¨æ????¸å?è¾?å°?ï¼??¨æ??¶æ?å¤????ç»?????ï¼?è¶??¨ç??ä¹?ç»´æ??è¾?é«?æ°´å¹³????2017å¹´ã??2020å¹´ä???å¹´å??021å¹´ä???年央è¡?并æ????????

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????4.2021年以?¥ï?????????è¦?????????????/STRONG>

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

?????¨å»ºç«??°ä»£ä¸?¤®?¶è?ä½?ç³»ï?以å??对å?å®???æµ??¨æ?§è??§ç??è¿?ç¨?ä¸????????º«è¿?è¢??äº?äº??°ç??ä½????并ä??????解å?³ä¸­??æµ??¨æ?§ç???????

????2021年以?¥ç??????ï¼??¹å?????ä¸?次é????ï¼?å¾???ç¡??¶ç??????¸ºäº????????????åº?对è??¨å??æµ??¨æ?§é???????ä¸?å¤???¨é????ä¹???ï¼?ä¼¼ä?ä¹???????å¼?导æ??¨æ?§ç?¸å?????????/STRONG>????ä»??å¯???021å¹?????12????????èµ????©ç??èµ°å?¿ï??¶ä¸­7????????èµ????©ç??????å°?å¹???????

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

???????©ä?LPR?ºå?¶ï???è¿???ä½??????ºæ??èµ????????å¼?导é??ä½?社ä?综å????èµ????????æ­?021å¹?2??LPR???¹å??缩ã??æ­¤å?ï¼?2022å¹?????????4??以æ?¥å¤®è¡?大é?ä¸?交å?©æ¶¦ï¼??½å?åº???2022å¹?????LPR???¹å??åºþ@??缩ã??

??????æ­¤ï?????å·²ç?ä¸?å±???äº?解å?³è??¨å??ä¸???æµ??¨æ?§é???ï¼??????åº?ä»·æ?¼ä?导ã??é¢???管ç??ï¼?稳å??¿å?ä¿¡ç?¨ã??

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????5. å°?ç»?

????è¶??¨æ???³ç??ä»?ä¹?ï¼?

????å¸??ºå?³å??è¶??¨ç???ºç??»è??¨ä?ï¼?è¶??¨ç?´æ?¥ä??°é?¶è??´æ??¨æ?§ï?????è´§å??¿ç?????ï¼?ä¹????©ä?è§?å¯?è´§å??¿ç?ä¼?导æ??????å¸??ºé??常è?为ï?è¶??¨æ??¤®è¡????³æ³¨????ä¹?ä¸?ï¼?å¤??ä¼??¹æ?????æµ??¨æ?§å????è¿?è¡???ä½???

????ä½?ä»?å®???ç»???è§?å¯?ï¼?ä¼¼ä?并é??å¦?æ­¤ã??为ä?ä¹?ï¼?

?????¨è´§å¸??¿ç?è°??§æ?ºå?¶é??æ¸?ä¼?????????å¸??ºè?äº?æ·±å???????µä?ï¼?è¶??¨é??å¹´ä???ï¼?å¤????å¤?强è?è¶??¨ç??å·²ç??¾ä»¥??ç¡?????æµ??¨æ?§æ???µï??¨å?©ç??å¸??ºå?????¹é?©ç???????ï¼?è¶??¨é??è¦??§è?ä¸?æ­¥ä?????

??????ä¸?è¶??¨å¹¶??å¤??ä¸??????ï¼?è¶??¨æ°´å¹?æµ??¨æ?§ç?¶æ????¤®è¡??´å??äº?ä¸??????è¿?è¡???ä½?????ç»???ï¼?å¤??ä¼??¸æ?ºæ???©ã????è¡?å°±å?ï¼?ä½?ä¸????ºæ???ä½???å¤??ä¹?ä¼????ï¼?ä½??¢å?å¸??ºå?©ç??????????ä½?åº?对ï?è¿????´ç???ä¸??????å±?å¼?ï¼???è°?æµ??¨æ?§å??????è£????¶æ??ï¼????½æ???ä¸??æ³???æ¦?念å?????´ï?è¿?ä¸?°ºåºþ>?±å?è§?å½¢å?¿å?³å???

????å½???å¸??ºå?³æ³¨?¨ä?ï¼?ä¿¡è´·???¾å??´è??¨èµ°ä½?ï¼?å¤??ä¼???????¨ä?ï¼?

?????»è?ä¸?ï¼?ä¸??þA??¨å??ä½?????说æ??¨æ?§ä?足影???°è?产æ?©å?ï¼?å¤?????????è¦?è¿?è¡?对å??ºç?è´§å????¾å??æµ??¨æ?§è¡¥????ï¼??????ä¹?å½¢å????????

????è¦?注æ??ä»?è´§å??¿ç??»è??ºå??ï¼??¨ä¿¡è´·å?å§??©å???ï¼?ä¸????????????½æ?§ä?é«???

????é¦???ï¼??±ä?????ä¼?ä¸?次æ?§é???¾è?å¤?æµ??¨æ?§ï?容æ??????æµ??¨æ?§æ·¤ç§???å¤???¨è?å¾???ä½?ä¸??????å¦?ä½???è¿???å½???ä½????????£ç???????

?????¶æ?ï¼????????¸å???????¨æ??å·¥å?·ï???ä»?äº?ä¸????????è°??§æ?¹å????å¦???ä¿¡è´·å·²ç?å¼?å§?ä¿???????³ä???ç§???ï¼?继续宽货å¸???????说维?¤æ??¨æ?§è?为å??¾ç??å¿?è¦??§è???¶æ??????ä½???

??????æº????²ï?ä¼????°å¤®è¡???????常å?åº?ä¿¡è´·å½¢å?¿å¼±??è¶??¨æ°´å¹³å??é«????¶æ???

????对ä?ä¿¡è´·?©å?å¸þ=?¥è??¨æ???ï¼?????说中??æµ??¨æ?§è¡¥?????ï¼?å¤??ä¹??¨å???¶å???¿è????ï¼???018年以?¥ï??´å?????è¿?MLF??以å?对ã??

?????´è?ä¸?æ­¥ï??¨å»ºç«??°ä»£ä¸?¤®?¶è?ä½?ç³»ï?以å??对å?å®???æµ??¨æ?§è??§ç??è¿?ç¨?ä¸????????º«è¿?è¢??äº?äº??°ç??ä½????并ä??????解å?³æ??¨æ?§ç???????

??????æ­¤ï?2021年以?¥ï????????¸å???????????????????并ä?????çº?§£?³è??¨å??æµ??¨æ?§é???ï¼??????åº?ä»·æ?¼ä?导ï?é¢???管ç??ï¼?稳å??¿ã??宽信?¨ã??

????2020年以?¥ï??¨è·¨?¨æ????ç»´ä?ï¼?å¤??è¿?ä¸?æ­¥å???°ç????§å·¥?·ï?以ç?¸å?????è¾??ºæ??¨æ?§ï????¶è?ä¸?æ­¥ç?´æ?¥ä??¨ä???ä¸??¶è?ä¿¡è´·???¾å???´è¾¾å®?ä½???

????� ? ?? �/STRONG>

????ç»?æµ?å¤???ä¸?ç¡???§ï?è´§å??¿ç?ä¸?ç¡???§ï??¿ç?解è?å­??¨å??å·?/P>

????è¯??¸ç??究æ?¥å??ï¼???å¤??å¦?ä½???å¾?è¶??¨ã??

?¨é?¨è?è®