Don’t mistake China’s scrapping of loan quotas as a market-oriented reform. On the contrary, Beijing seems set to replace a blunt macro tool with an array of sharper, micro ones. Rather than operating within the constraints of an annual, industry-wide quota, each bank will have its lending limits prescribed by regular reviews of its individual reserve requirement ratio.
不要错把manbetx3.0 取消贷款额度的举动视为一次市场化改革。相反，manbetx3.0 政府似乎将以一系列更为“锋利”的微观工具，来取代此前那种较为“粗钝”的宏观工具。现在，各家银行的贷款操作将不是受限于全行业的年度额度，而是遵循监管机构对其储备金要求定期评估后所制定的限额。
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