Research on the Impact of Raising Interest Rates on China's Commercial Bank Loans from 2004 to 2007

From October 29, 2004 to the end of 2007, People's Bank of China has Continuously raised benchmark deposit and lending interest rates for nine times. We use SPSS software to analyze and reveal the real impact of raising interest rates on the size and the structure of the time of China's commercial bank loans and the structure of loans industry. We can conclude that raising lending rates did not inhibit the growth of financial institutions' loans scale in our country, that is, the sensitivity of the growth of total loans to loan interest rates is low; the impact of the interest rates change on the time structure of loans is significant, and the main factor is the change in deposit and lending spreads; and the impact of raising interest rates on short-term loans to industry structure should not simply be summed up as "big" or "small", and the key is on the basis of the characteristics of the industry. What is summed up is that the impact of raising interest rates on the industry whose variable cost is dominant is very far-reaching.