中文摘要：

货币政策信贷渠道引导着银行信贷管理。银行经营目标决定了信贷质量与法定存款准备金率之间的负相关。本文利用16家中国上市银行2007-2012年间数据,本文采用回归分析证实了贷款质量与存款准备金率显著负相关。以存款为主的资金来源是贷款质量与存款准备金率显著负相关的一个主因。央行应当公开市场操作信贷资产支持证券,促进其健康发展,降低银行对存款依赖性,改善银行资金来源结构,减弱信贷质量对存款准备金政策的敏感性。

英文摘要：

Credit channel in monetary policy guides bank credit management. Bank goal determines the negative relationship between credit quality and reserve requirement. Using regression method to test panel data including 16 China＇s listed banks during 2007-2012, the empirical result found that loan quality is negatively relative to reserve requirement rate. The main reason is deposits as the key liabilities in China banking industry. The People＇s Bank of China should accept MBS as open market instruments and compel its steady development. This will improve banking financing structure and thus limit reserve requirement negative effect on credit quality.