In the morning of January 11, Rm 429 of BIT Main Edifice saw a roomful audience, of which teachers and graduate students of the Department of Accounting formed a part, listened attentively to the speech given by Dr. Rao Pingui. In his “Monetary Policies, Credit Resource Allocation and Performance of Enterprises”, the lecturer from Guanghua School of Management, Peking University gave an empirical analysis of the effects of macroscopical monetary policies on credit resource allocation and their impacts on enterprise performance. His conclusions that China’s business performance during a deflation period when tighter monetary policies are enforced will improve in terms of both overall operation and increase rate the year after they could receive more loans, and that these effects are currently found basically among non-state enterprises, meaning that more financial support from China’s banking system could lead to better performance in this sector attracted high interests from among his audience and the lecture ended with their enthusiastic discussion with the speaker.
