在2004年第三季度货币政策报告中,央行公布了这样的结果:中国人民银行于2004年4月至8月,就流动资金贷款情况进行了调查。调查表明,流动资金贷款的满足率超过了80%,央行的货币信贷政策并没有紧缩企业流动资金贷款的需求。本文通过对货币政策报告的微观解读,分析了当前流动资金贷款紧张的原因,并为解决这一难题找寻药方,希望引起业内人士及读者的思考。 In the third quarter of 2004 monetary policy report, the central bank announced the result: the People’s Bank of China conducted a survey on working-capital loans from April to August 2004. The survey shows that the liquidity loan satisfaction rate of more than 80%, the central bank’s monetary credit policy does not tighten the demand for corporate working capital loans. Based on the micro-interpretation of the monetary policy report, this paper analyzes the reasons for the current tightness of working capital loan and tries to find a remedy for this problem, hoping to arouse the thinking of the industry and readers.