Recently, economist Lin Caiyi said on social platforms that people who say "whatever it takes" are because they have not become a "price".
It is reported that Lin Caiyi said, "Today, the account manager of the private banking department of China Merchants Bank called me from the head office (Shenzhen) and asked me 'have I encountered any unpleasant things in the past two months in terms of credit card use', and I know that this is a euphemism. It is estimated that she thought in her heart that I abandoned the credit card of CMB and replaced it with another bank card, even if I was bankrupt and unemployed, the bill would not be only 11.4 yuan a month."
"I told her: I had been locked up at home for two months and had no consumption, and she asked: 'Don't you have any consumption online?' I said: Offline logistics has stopped, what else to buy online? 11.4 yuan is the cost of buying Tencent Music, which does not require logistics."
"The flow of people has stopped, all the consumption of the service industry has stopped, the logistics has stopped, even the consumption of goods purchased online is gone, a private customer, the monthly credit card bill is 11.4 yuan, how many merchants can still survive? People who have not stayed in Shanghai for two months really do not understand the cost of lockdown. Lin Caiyi said.
According to public information, Lin Caiyi, who currently lives in Shanghai, has a doctorate in economics from Fudan University, a specially invited expert of the Shanghai New Finance Research Institute, a director of the China Chief Economist Forum and a member of the Expert Advisory Committee of the China International Finance Forum. He has been engaged in economic and financial research for a long time.
According to the financial report of China Merchants Bank in the first quarter of 2022, as of the end of March, the total assets of China Merchants Bank's private banking customers (referring to retail customers with total assets of RMB 10 million or more in China Merchants Bank with an average daily discount of RMB 10 million yuan or more) were about 125,200, an increase of 2.56% over the end of the previous year; the balance of total assets of private bank customers under management was about 3.5 trillion yuan, an increase of 3.15% over the end of the previous year, and the average assets of households were 27.9657 million yuan, an increase of 161,400 yuan over the end of the previous year.
The data shows that the risk of retail loans is under upward pressure, and the loan ratio is up 0.06 percentage points from the end of the previous year. The first quarterly report of China Merchants Bank mentioned: "From January to March 2022, the domestic epidemic situation was spread at many points, which had a greater impact on the operation of small and micro enterprises, individual industrial and commercial households, and the employment and income of residents, and the company's retail loan risk showed phased upward pressure." (Weekly, Cao Tingting)