随着美国经济周期变化,美联储将采取逐步收紧的货币政策,缩小QE规模,引导资金回流美国国内。我国央行宽松的货币政策也将从紧从稳,而国内面临产能过剩、地方债务过大、房地产价格转向等问题,国内金融风险逐步凸显,国内商业银行不良贷款有所增加。在此背景下,农发行应更加重视和加强资本运用及风险控制,关注地方融资平台可能存在的风险,采用有效措施加强地方融资平台风险防控。 As the US economic cycle changes, the Fed will adopt a tightening monetary policy to reduce the size of the QE and guide the capital flow back to the United States. The easing monetary policy of China’s central bank will also follow the trend of stabilization. However, China faces the problems of overcapacity, excessive local debts and the shift of real estate prices. The domestic financial risks are gradually highlighted, and the non-performing loans of domestic commercial banks have increased. In this context, the ADBC ​​should pay more attention to and strengthen the use of capital and risk control, pay attention to the possible risks of the local financing platform, and adopt effective measures to strengthen the risk prevention and control of the local financing platform.