The figure, compared with 18.6 percent for the whole 2005, shows the banking industry has a steady growth pattern. Banks will likely ride China's economic expansion and a consumer boom into the next decade.

The central bank's target is steady and reasonable. The low inflation pressure leaves room for the government to bolster lending to key manufacturing companies as well as mid- and small-sized firms.

A capital shortage could be a constraint, but the bank has plans in mind, including a share sale and a subordinate bond sale.

It can be understood that the government, at least, has loosened its grip on management buyouts in big state companies. But any move in large enterprises may come after regulators gain enough experience in dealing with smaller firms.