本报记者 陈莹莹

Our reporter ChenYingYing

　　实习记者 毛万熙

MaoWanXi practice reporter

　　央行副行长潘功胜26日在“中国经济年会（2012-2013）”上表示，从2013年开始，央行不仅发布整个国家融资规模，也将发布分地区融资规模总量。目前社会融资仍高度依赖银行，以间接融资为主体持续满足经济发展需求的模式难以持续，建立合理均衡的社会融资结构是未来金融业改革重要内容，以优化融资结构引领经济转型。债券市场建设和投资结构亟须改善，央行会加强部门协作，加强债券市场建设。

The central bank vice President PanGong - 26 in"China's economic conference(2012-2013)"said,Starting from 2013,The central bank issued by not only the whole country financing scale,Will also release points area total financing scale.Now society is highly dependent on bank financing,The indirect financing as the main body continue to meet the demand of economical development pattern is difficult to continue,To set up a reasonable balance of social financing structure is an important content in the future financial sector reform,In order to optimize the financing structure leading economic transformation.The bond market construction and investment structure it is urgent to improve,The central bank will strengthen departments,Strengthen the construction of the bond market.

　　潘功胜认为，在以间接融资为主的社会融资结构中，银行必须获得持续资本补充。补充渠道分为资本市场融资和自身利润支撑。随着净息差收窄，银行利润增速同比大幅下滑，2013年银行业盈利增长形势仍十分严峻，资本约束对信贷增长形成制约。由银行承担经济发展过程中的绝大多数风险，易导致风险聚集和周期性波动。

PanGong - think,In the indirect financing is given priority to social financing structure,The bank must achieve sustained capital added.Supplementary channel into the capital market financing and support its own profit.Along with the net spreads narrow,Bank profits growth year-on-year decline sharply,2013 banking earnings growth situation is still very grim,Capital constraints to restrict credit growth form.By the bank for economic development in the process of the vast majority of risk,Easy to risk aggregation and cyclical fluctuation.

　　潘功胜表示，社会融资规模与GDP、CPI及投资增长等经济指标关系密切，是新形势下加强和改善金融及宏观调控重要监测风险指标。

PanGong - said,Social financing scale and GDP/CPI and investment growth closely related to economic indicators,Under the new situation is to strengthen and improve financial and macroeconomic regulation and control important monitoring risk indicator.

　　“2003年以前，我国银行贷款占社会融资比重超过95%，美国则是40%左右。”潘功胜说，与十年前比，当前我国社会融资结构显著改善，其中企业债券已成为实体经济部门除人民币贷款以外的重要工具。2012年社会融资总量和结构显示，人民币信贷占比大幅下降，从2002年的91.9%下降到2012年的52.1%，直接融资继续发展，2012年非金融企业境内的债券和股票融资是2002年的25倍，债券融资占同期的社会融资规模的14.3%。

"2003 years ago,Loans from Chinese Banks accounted for the proportion of social financing more than 95%,The United States is about 40%."PanGong - said,And more than ten years ago,The present society of our country improve the financing structure,The enterprise bond has become the real economy department in addition to RMB loan outside of important tool.2012 social financing amount and structure of the display,RMB account for credit than plunged,Down from 91.9% in 2002 to 52.1% in 2012,To continue the development of direct financing,2012 non-financial enterprise within the territory of the bond and stock financing is 2002 years of 25 times,Bond financing of the same period of the social financing scale of 14.3%.

　　另外，实体经济通过金融机构表外融资迅速增长，2012年实体经济以未贴现的兑票委托贷款、信托贷款方式合计融资3.6万亿元。潘功胜认为，对“影子银行”，不能简单采取疏或堵的策略，应综合考虑，审慎处理。

In addition,The real economy through the financial institutions off-balance-sheet financing rapid growth,In 2012, the real economy to not discount ticket confirmed entrust loan/Trust loan financing way total 3.6 trillion yuan.PanGong - think,to"Shadow Banks",Not easy to drain or plugging strategy,Should be taken into account in,Prudent treatment.