宝洁公司知识型员工流失原因及对策分析外文翻译.doc

外文翻译 文献 the development of consumer credit in China Material Source:BIS Author: Shen Bingxi and Yan Lijuan Consumer credit一particularly personal consumer loans such as home mortgages and loansfinancing purchases of automobiles and large durable goods一has developed at a very rapidpace in china over the past decade. with the deepening reform of the house marketbeginning in 1998, commercial banks began to extend mortgage loans to individuals seekingto buy their own homes. mortgage loans are now among the best assets held by china's Commercialbanks.However,china'spolicymakersandregulatorsarestillfacing challenges,including a nascent economy-wide credit information system, financial institutions withvarying risk management standards and, in recent years, surging house prices. Therefore, inthe context of china's macroprudential policies, the chinese regulatory authorities haveadopted a series of mortgage-related policies and regulations to mitigate and control creditrisks and facilitate the healthy development of housing finance, home ownership and housingmarkets. China's consumer finance market is at an early stage of development. Consumer credit is themain financing channel for households. In 2007, total outstanding loans to householdsincreased byRMB1.2 trillion, representing a year-on-year increase of 30.4%. Thisrepresents an acceleration of 9.3 percentage points, or RMB 546.6 billion, from the lendingpace of 2006. Consumer loans outstanding, of which 80% were housing loans, increased byRMB 868.6 billion during 2007, compared with 2006. outstanding business-related loans tothe household sector increased by RMB 311 .1 billion over the levels at the end of 2006. With the rapid development of the chinese economy and the deepening reform of thefinancial system since 1998, the household lending market, especially consumer loans, hasgrown sharply. By the end of 2007, outstanding consumer loans reached RMB 3.28 trillion,an increase of RMB 3.14 trillion