China Concrete Accessories

Silver-colored inspect can tighten up estate fiducial, prohibit flowing to land to lay in a few days ago, silver-colored inspect can allot “the announcement that about strengthening trust company estate fiducial business superintends concerned problem ” (next abbreviation ” announcement ” ) , tightened up fiducial to estate policy. The personage inside course of study thinks generally, this will make the financing of estate company more difficult. Difficult 　 of hasten of landed company financing passes trust company financing is a when estate company solves capital important way, according to market data statistic, up to on January 27, estate is fiducial January issue 16 in all, add up to 2.965 billion yuan, hold the corresponding period fiducial gross rate exceeds 30% , dimensions is occupied than be close to 50% . Nearly a few months come, already Jiangsu Shun day, sweet river accuses wait for announcement of look forward to of more than 10 rooms fiducial financing plan. The data that comes from association of Chinese fiducial trade also shows, the fiducial amount of devoted January this year estate and relevant industry amounts to 23, involve real estate of real-estate project, commerce project, praedial and mature property, it is to cast to a domain that centers most. Current, land cost held the substantial of capital catenary in a lot of estate companies. According to statistic, action is business real estate, medium since this year the grain real estate, real estate that protect interest and flourish fill development to wait for nearly 20 to appear on the market room look forward to buys ground amount to exceed 25 billion yuan. This ” announcement ” prohibit buying land with fiducial capital, increased estate company to take the capital pressure of the ground apparently. Because the Central Bank begins to tighten up monetary policy since the beginning of the year this year, each are big the commercial bank controls monthly loan strictly, this makes bottleneck of a lot of company experience financing. This meeting reappearance article tightens up silver-colored inspect estate is fiducial, the personage inside course of study anticipates generally, the financing channel of estate company will be more difficult. Or prepare for REITS 　 announces yesterday ” announcement ” trust company of detailed rules requirement must not put land to lay in loan with fiducial capital hair, land reserve loan is to point to what borrower extends to be used at land to buy reach the development of land early days, loan that arrange. ” announcement ” trust company of specific still requirement extends the estate development project of loan must satisfy ” 4 card ” business of all ready, development or its accuse a partner to have scale of gold of capital of 2 class aptitude, project to achieve national minimum to ask to wait for a condition. ” announcement ” still ask to build perfect real-estate loan or investment to examine and approve standard and risk management, undertake close monitoring. The personage inside course of study expresses, to stimulate building city, trust company is OK 2009 to obtain ” only the estate development project of 3 card ” extends fiducial loan, “3 card ” namely state-owned land use card, construction uses permit of program of project of ground program licence, construction, lack ” the permit of construction project construction in 4 card ” . But as credit was tightened up a few days ago, major estate is fiducial had asked 4 card of ” ” completely, this announcement confirms with the form of written file again. Analytic personage thinks, come on stage this ” announcement ” , perhaps be to control the risk with fiducial estate to be the REITS that is about to come on stage (estate invests fiducial fund) prepare. The message says recently, in policy of concentrated adjusting control the influence falls, part by silver-colored inspect inspect of meeting, card is met the discussion with the old classics of one by one of two REITS program of dominant, be about to be in roll out inside year this year. In recent years financing is difficult the difficult problem that becomes estate to develop a business, if REITS is successful into it is development of real estate health to offer soon help strength. 　 　 Estate of 1/2 month share is fiducial 2010 name of product of product statistic 　 issues an orgnaization to distribute scale (10 thousand yuan) believe in fiducial deadline 　 – get together capital of rally of mark of Ⅲ of fund of real estate of mail transfer gold is fiducial.

Afterwards last year 11, the Ministry of finance and silver-colored inspect will be met December in succession dispatch standard is fiducial after the project, the Ministry of finance had new act again recently. Ministry of finance of it is reported is taking the lead make aim the file of platform of financing of normative local government, future believes those who hold a product in the palm to assure means should cause investor to pay close attention to, assure differently means, the risk is different. Normative sex file allots one after another by last year November, the Ministry of finance ever issued hair document urgently closely, the requirement checks occurrent local finance is violated stoutly compasses assure collect money to social community behavior. Silver-colored December inspect also can issue an announcement to bank and trust company, to silver-colored letter product of cooperative credit conduct financial transactions strengthens management. It is reported this year before the Spring Festival, silver-colored inspect can allot again “the announcement that about strengthening trust company estate fiducial business superintends concerned problem ” , point out trust company clearly to must not put land to lay in loan with fiducial capital hair. Although a lot of regulation comes on stage, but did not put an end to local government and local National People’s Congress to be opposite of fiducial plan assure. Ministry of finance of it is reported is taking the lead at present make aim the file of platform of financing of normative local government, the ” that emphasizes local government and National People’s Congress be being opened for fiducial plan again assures case ” is invalid. The personage inside course of study is analysed, the Ministry of finance and the new rule that silver-colored inspect meets are sure to produce certain effect to the emission of fiducial plan, fiducial product measure may reduce future once more, when investor selects fiducial product, should pay close attention to a product mainly assure means. The government assures the product still is put in 　 the personage that some trust company does not wish to disclose a full name discloses to the reporter, the new fiducial plan that this company devises, already adjusted assure means. At present new issue fiducial plan to assure basically take a few kinds of traditional kind, if asset guaranty assures, loan just mortgages through having land or house property oneself assure, offer through large company assure. This personage discloses, the requirement that trust company uses asset to mortgage is stricter than the bank, security is accordingly higher. Press impawn land commonly like the bank 7 fold put loan, and this company is to press impawn land 5 fold loan. There still is fiducial product to use local government to assure in the market at present means collect capital, the iron in be like is fiducial issued ” high grade creditor’s rights to invest recently (14 period) gather capital is fiducial plan ” , depositary uses fiducial plan fund at sufferring to let city building is collected to be opposite on the west the receivable creditor’s rights of government of Pi county people, government of Pi county people is affirmatory, in fiducial plan when at the expiration of one’s term of office of 2 years of deadline, termless preferential pay fiducial plan to suffer the receivable creditor’s rights that let, submit to standing committee of Pi county National People’s Congress, bring into this money deadline at the expiration of one’s term of office in those days finance capital budget. Government of Pi county people issue certify to document to depositary with respect to above acceptance. The personage inside course of study expresses, the ” that local National People’s Congress, government opens for fiducial plan assures case ” , make the general appearance that local financing assures for a time, once the project gave an issue, local government assumes this risk feebly.

The reporter understands, yesterday, people bank already was mixed with bureau of canal of Hong Kong gold in silver-colored Hong Kong denies approval intermediary orgnaization to open RMB account to make final negotiation namely, vogue of reporter cut draft does not have final conclusion, the personage inside course of study predicts to see Yu Benzhou the latest reason. Intermediary opens RMB account is business of crucial certificate, cent annul business, fund, fiducial wait for orgnaization of intermediary of the finance outside the condition to whether can open RMB account in Hong Kong, all the time since it is the blind angle that people bank and bureau of canal of Hong Kong gold cross condition business to set about the RMB. Current, because Hong Kong is deficient in a RMB to invest a tool, the RMB that the enterprise holds does not have too much use channel, investor also lacks the power of gather together RMB, the RMB expands hard in the current scale of Hong Kong. Before Spring Festival of the traditional Chinese calendar, bureau of canal of Hong Kong gold crosses the loan business that can extend below condition trade close an account with respect to the RMB in allotted file, and blame inland orgnaization can issue RMB bond to refer in harbor read, but did not allude to whether allow alone only financial intermediary orgnaization opens RMB account, this also becomes the main obstacle that develops RMB valuation product in Hong Kong. Hong Kong trades reach settle accounts company to announce already, can handle RMB valuation product to trade; Inspect of Hong Kong card also can be being reached actively with the bank of Hong Kong in endowment the orgnaization is communicated, research rolls out a RMB to invest a tool in Hong Kong; Harbor government office expresses to be being pushed all the time for many times development RMB product is striven for in the center of tendercy, in order to extend the investment channel that the RMB is in Hong Kong. In all force, those who take the lead is to obtain people bank to appoint what go to cross close an account of condition RMB trade to be liquidated exclusively is medium silver-colored Hong Kong, silver-colored Hong Kong participates in the money between international to clear a system in, the RMB executes real time liquidation. RMB bond will be into 　 of the mechanism that start below current policy condition, the bank can be the enterprise related RMB trade close an account to open RMB deposit account, also can offer RMB financing for business client or borrow money, in addition, be in RMB inpour Hong Kong and do not involve capital circumfluence inland, the bank can expand RMB business by this locality code and market element, the enterprise opens special registered permanent residence to be able to issue RMB bond in harbor. In other words, once RMB account can be opened, financial orgnaization can invest RMB bond the most quickly first. To the investor of Hong Kong, assuming the inflation this year leads Chinese inland is 3 ％ , plus RMB bond itself 6 ％ arrive the accrual of 7 ％ , the profit that 10 ％ control is sufficient already in attracting them to take out the RMB investment to invest to bond from inside deposit account or insurance account. And sell business to cent for, can race to control arrives of RMB bond first machine, it is using a RMB to invest other banking product in the future for oneself is investment A even add weight. According to reporter understanding, business of each Hong Kong certificate especially in endowment orgnaization already be eager for doing sth. According to among them in chief of department of management of asset of endowment certificate business introduces, the profit of RMB bond looks be like scanty, but not allow however to the contribution of force of market of business of a certificate and product diversification small gaze. “This pond is very small, at present altogether hundreds of 100 million in harbor RMB deposit can offer investment, so everybody is staring at this one. ” next, it is the problem of mark of investment of earnings of RMB bond financing. In capital cannot below the circumstance of circumfluence inland, the RMB that the company raises must be digested outside the condition. “The RMB retains the power that volume base is ecbolic banking product and financial tool. “Zhang Zhuohua of can deputy CEO shows watch of Hong Kong card, “Sluggish harbor RMB is to make the soil of RMB product diversification. “In at present the condition falls, the RMB product that Hong Kong develops, can appear on the market in order to be not give priority to, besides bond, still include fund of business of stock, exchange next (ETF) , reach be not the structural product that appear on the market, be close to personage of superintendency orgnaization message to express to the reporter.

Zhu Min of Central Bank assistant president (the data pursues) 　 on Feburary 24, international Monetary Fund (fund of “of the following abbreviation organizes ” ) president Kaen appoints Mr Zhu Min to be a president special adviser. Card favour expresses: “Zhu Min has rich government and experience of financial department work. He will produce main effect, with I and my management the group answers the challenge that all member country was faced with together, deepen fund to organize the understanding of pair of Asias and rising market. “Bank of 　 China people welcomes the choice that fund organizes. In recent years, rising market and developing country increase increasingly in the action in global economy and financial system. The professional personage that inducts more rising markets and developing country shares management, it is the need that international banking organization gets used to world economy structure to change, also be the important step that improves its to administer a structure. Zhu Min is engaged in economic finance theory for a long time considering, have rich financial practice and administrative experience. He ever participated in China’s great finance to reform the government of the job and large finance orgnaization and central bank, management of familiar and macroscopical economy, money market, finance is superintended, ever organized the work in the international finance such as world bank, have experience of rich international banking work. Zhu Min thanks what fund organizes to invite. He expresses to wish oneself greatest effort blends in burgeoning economy and Asian experience fund organization, push global economy jointly together with fund organization colleague grow to be stabilized with finance continuously. Zhu Min Zhu Min resume, male, was born 1952, the United States writings brush about – doctor of economics of university of suddenly Pu Jinsi. Came 1982 1985, in Fudan University economy the department teachs (during, hold Shanghai body part-time to change early or late appoint with research center of Shanghai government economy) of deputy secretary-general of research center of economy of special adviser, Fudan University; Came 1990 1991, hold the post of the United States to make an appointment with writing – deputy researcher of institute of policy of university of suddenly Pu Jinsi; Came 1990 1996, hold the post of world bank economist (advisory) ; Came 1995 1996, hold the post of U.N. to develop arrange ” China ” of 21 centuries agenda is presiding and advisory; Came 1996 2005, hold the post of adviser of economy of president of Bank of China early or late, in trustee of silver-colored international holding company, general manager of institute of finance of international of Bank of China, silver-colored Hong Kong recombines in the Bank of China appear on the market office general manager, the Bank of China recombines appear on the market office general manager; Came 2003 2009, hold the post of assistant of president of Bank of China early or late, assistant president; In October 2009, assume committee member of Party committee of Chinese people bank, assistant president.

Chinese silver-colored inspect can announce 25 days, already consumed practice of financial limited company at silver of north of 24 days of approval, register capital gold to be 300 million yuan, this indicates consumptive company enters a banking of home of our country head formal operation phase. Silver-colored inspect can express about chief, preparing to construct period inside, beijing bank fulfilled boreal silver to consume the item such as the capital gold of financial limited company, personnel, business place, the formulate that completed the company rules, regulations system that plans to do business and system of in-house risk control works, can refer the application material that consumes financial firm start business formally to silver-colored inspect at the near future. According to the each admittance requirement that sets before this, the application material that silver-colored inspect can refer to Beijing bank undertook be examinationed strictly. This chief says, regard the whole nation as one of first pilot consumptive banking firms, boreal silver consumes the practice of financial limited company, the consumptive finance that begins pair of churchyard residents deep on new business platform to driving banking effectively serves, stimulative spending increases, have important sense. Meeting and its agency will pass silver-colored inspect lawfully spot of market admittance, blame is superintended and the means such as spot examination carries out supervisory management to consuming financial firm, supervise and urge health develops its science. Last year in July, silver-colored inspect can be announced “measure of pilot management of consumptive banking firm ” , start consumption in Beijing, Tianjin, Shanghai, Chengdu financial firm is pilot examine and approve the job. This year in January, silver-colored inspect can approve Beijing bank formally to prepare to construct in Beijing solely invested north silver consumes financial limited company, the Bank of China combines finance of mouth of home of land of limited company of 100 couplet group, Shanghai to develop limited company to prepare to construct in Shanghai in limited company of silver-colored consumption banking, bank of grand of abundant of Malaysia of Chengdu bank combination establishs Cheng of Sichuan bright and beautiful to consume;2010 of company of financial finite liability in the Chengdu City year on Feburary 12, silver-colored inspect can approve limited company of group rich group (PPF) prepare to construct in Tianjin city solely invested nimble letter consumes finance (China) limited company.

Enter since Feburary, grail shows sure sign of clear the look forward to that build a base. Under photograph comparing, silver-colored andante piece suffer multiple and negative factor to affect, market performance lags behind at grail far. How look upon bank current fatigued and weak condition, we come to an analysis from many angle under. Macroscopical and constrictive trend restricts a bank since entering New Year, people bank begins what implement loose monetary policy stoutly to exit, increase reserve rate twice early or late, to the bank produced apparent negative effect. Be increased first in the beginning of the year after deposit reserve leads 50 base point, current commercial bank deposits money above quota reserve ratio may be insufficient 2.5% , because this goes up this,tone deposit reserve leads the new configuration that will cause commercial bank asset, turn by the loan of high income the deposit reserve that is small profit, to the bank the influence of outstanding achievement is self-evident. Meanwhile, in make the same score stability target and will be being compressed clearly what report of Central Bank monetary policy reiterated loan extends extended credit and credit of project of new capital construction put in; In addition, silver-colored inspect can be released “circulating fund loan runs temporary measure ” , ” individual loan runs temporary measure ” . Above a variety of all make clear clearly, the direction with credit policy close hasten is in short-term inside won’t produce major shift to rectify. All these makes the market right silver-colored andante piece generation is undesirable anticipate, expression is in a bank go on situation, it is whole silver the relatively weak force of andante piece. Again the concussion of financing is close already traffic bank announced end yesterday A, H distribute a program, become silver-colored yesterday andante piece run the direct account that loses grail. But in light of concrete analysis, its are very finite to the adverse effect of market fund area. Hand in row this second match a financing amount not to exceed a RMB 42 billion yuan, this among them, a financing forehead makes an appointment with 28 billion yuan. Considering need to ensure state-owned charge a position, the Ministry of finance is participated in very likely this second match, accordingly, its go up in capital market directly the amount of financing is limited. Returning those who need to point out is, appear on the market for the most part at present bank already announced again financing message (at present capital leads labour travel, Construction Bank amply opposite taller, reentry of very possible next year goes again financing) , from analysis of this one angle, again financing already should near end to the adverse effect of the market. Good bank of financial innovation benefit accompany advance what point to futures and process of certificate of financing be in harmony ceaselessly, with the bank the grail that is a delegate is blue prepare it is certain that the likelihood is obtained above quota accrual. Above all, point to futures with Shanghai deep 300 be mark, certificate of financing be in harmony also is being taken of the mark of pilot initial stage from Shanghai deep 300 weight. The near future, two land exchange already announced bid of certificate of financing be in harmony. Look from international experience, the dimensions of financing should be more than the dimensions of certificate of be in harmony far commonly, certificate of financing be in harmony is so apparent benefit is much more silver-colored andante piece. From the point of weight angle, the form and holds market total market prise proportion of bank index all shows, this board piece decisive place is had in whole market, the pace that innovates as market finance is accelerated ceaselessly, this board piece be sure to get capital keep an eye on. Returning those who need to point out is, the stock with current expensive market prise trades in the abidance of certificate of financing be in harmony, bail convert respect has definite advantage. As market efficiency rise, the stock that value is mixed to underestimate by overmeasure has the tendency that returns to to centre, bank hopeful gets the situation of appraise value on the low side change apparently this year. In long-term investment value is overt although at present silver-colored andante piece hand in cast more delicate, its trade sexual opportunity is poorer, but bank current appraise worth level no matter from transverse fore-and-aft still it is cheaper to compare, it is the fact that does not dispute. Current bank the dynamic 2010 appraise of share price correspondence is worth mean city to be filled with rate for 11 times, mean city net rate is 2.4 times. Although consider again financing spreads out to the likelihood of every gain thin, current bank appraise is worth still inferior, although 2008 bank appraise value lowest ever had reached 10 times level, but after all the economic environment at that time and current economic environment are different, the boom cycle with located industry also differs, so bank current city is filled with rate level to had had stronger investment safety limit.

Hand in release late on Feburary 23 all right distribute a program, draft A+H every 10 match carry out not to exceed 1.5, financing does not surpass gold of capital of complement of 42 billion yuan of RMBs. Before this in announce all right will issue 40 billion yuan to be able to turn debt; Action travel also decided its A+H distribute a program. So far, 14 appear on the market in the bank, outside having notting announce financing to plan with Beijing bank besides labour travel, Construction Bank, the others all is carried out in the near future or released again financing plan. Analytic personage thinks, this round of bank in succession financing enrichs the blood, besides a large number of last year putting shift the capital pressure that create besides, basically suffer the effect of new Basel agreement. Below the big setting that leads contractive fluidity in reserve of the attune on the Central Bank, finance financing is wet test market confidence. Hand in row again financing is right A affect finite to hand in a capital to lead the lowest in be 4 big banks amply at present. Announce with the Bank of China can turn the program of debt is different that day, hand in an A still rose yesterday 0.5% , its H also rise 2.63% , yesterday 14 banks rise small entirely the newspaper closes. The personage inside course of study thinks, the Ministry of finance, collect abundant to accuse etc pay a large stockholder all express to participate in before this match; Hand in an A in the upper limit that small shareholder needs to assume is 11.2 billion yuan, and predict 5.7 yuan to match share price to make an appointment with a RMB / , more current share price has 2 to come 3 become fold let, its capital pressure is finite. Wang Ming of analyst of banking of Oriental negotiable securities flies express, pay a large stockholder the Ministry of finance and collect abundant to add H will digest 42 billion yuan of amount 67% , such A need to assume only 33% probably 14 billion yuan of dimensions, consider Pu Fayin went in A last year financing did not produce too big effect 15 billion yuan, anticipate to handing in a financing to have plus the market, although dimensions anticipates more than, but or but susceptive. Match this hind, hand in travel core capital to lead promotion to make an appointment with 2.5 percent amply, 3 years business development capital does not have future amply care. Match again more welcome 　 hands in financing to match a plan to come on stage all right, mean our country is big this year again financing comes to an end basically. The foundation is large capital leads the current situation amply, how does Guo Taijun think, in big 2010 travel in travel, hand in a possible go ahead of the rest to finish again financing, and labour travel, Construction Bank again financing may be carried out 2011. Bank again financing form is diversiform, if go to bank of the people’s livelihood of the end of the year passing,issue H financing makes an appointment with 27 billion yuan, letter bank plans to issue in do not exceed 25 billion yuan of sub bond, bank of an ancient name for China announced to will issue 4.4 billion sub bond a few days ago with compensatory and accessary capital. This, hand in row again financing chose to match a pattern, match an increase that can take care of old shareholder, reason relatively get market reception. Enrol the bank of travel, Nanjing, bank that start line of business to waited to all be adopted match a pattern. And the bank that enrol business matchs an application to had been met too, company A with H match 1.3 10 times every to make work, among them A plan to match 2.036 billion, h plan to match 450 million. Total financing forehead will not less than 18 billion yuan, do not exceed 22 billion yuan, hopeful is finished first quarter, its match share price to estimate not under 5.41 yuan / . Appraise cost is low already, drop the adjustment that finite 　 passes the space for some time, at present bank inferior appraise value standard and market are right its again financing already had anticipate, hand in yesterday so row again financing publishs pair of markets the influence is finite. Golden company thinks in, monetary policy looks to still be in neuter phase from big trend, the bank will face breath difference up latent capacity, and impetus of Chinese economy get warm again after a cold spell means risk of short-term asset quality firm inferior; Union is current bank A 12 times city was filled with 2010 lead average estimate value to look, bank drop the space is limited, those who predict to will begin March the activator that annals centered exposure period hopeful to become them to rise 2009.

Enter 2010, appear on the market the bank plans to carry capital market again the message of financing is ceaseless all the time, this kind of message justs to come on stage, appear on the market bank share price immediately and fall, stock market is pursued course on certain level by its influence dish below. Although appear on the market bank again financing, be in likely short-term inside bring pressure to capital market, but look for a long time from which, can promote capital market to last healthy progress; In make already improved the health oneself while, yi Ke promotes economy to grow more quickly continuously. On Feburary 23, traffic bank board of directors is discussed passed about A with H the resolution that distributes a program, hand in row this second match a financing amount not to exceed a RMB 42 billion yuan. With this before other a few appear on the market the bank is released its share price is caused to drop after financing message again different, hand in row again after financing message is released, its share price does not drop to go up instead. 24 days, hand in an A with H share price closes at 8.09 yuan of RMBs to mix respectively 8.2 HK dollar, rise respectively 0.5% with 2.63% . Enter 2010, appear on the market the bank plans to carry capital market again the message of financing is ceaseless all the time, this kind of message justs to come on stage, appear on the market bank share price immediately and fall, stock market is pursued course on certain level by its influence dish below. Many analytic personages and investor appear on the market bank again financing regards as look upon of “benefit empty ” . Anatomize, appear on the market bank again financing is short-term to capital market slant ” benefit empty ” , in be opposite long-term it is ” benefit good ” however, and to appearing on the market bank and economic growth are greatly advantageous more. We should be operated only proper, make the best use of the circumstances, completely OK a benefit is airborne to lowest, good benefit play arrives the biggest, those who form market of banking, capital and economic progress is much win pattern. Appear on the market the bank needs again financing 　 2009, the commercial bank carries out national ” need inside enlarge, maintain guiding principle of ” of structure of growth, attune and superintendency department policy, increase credit to put in dimensions in succession, annual adds RMB loan newly to amount to 9.6 trillion yuan, add 4.7 trillion yuan more compared to the same period, supported Chinese economy to grow 8.7% for this effectively. But, because this used up capital gold in great quantities, make capital is led amply drop more quickly. And after global banking crisis, to ensure the safe and steady progress of domestic banking, silver-colored inspect can raise what capital leads amply to superintend a requirement, among them, enough rate raises large bank capital to 11% . And new capital agreement will be carried out very quickly, bank of agreement of the first batch of new capital will be carried out at beginning by 2010, large appear on the market bank be the first to be affected, demand of enough to its capital rate is higher. Financial report makes clear, from 2009 the data of 3 quarters end looks, it is exclusive all right in a capital is led amply under of 12% large appear on the market bank, 2010 again the demand of financing is stronger. Negotiable securities is believed to study a ministry to go in hypothesis in 2010 risks add authority assets to add fast go up for the foundation of 13.04% , lead 12% computation amply by capital, travel capital breach is 52 billion yuan in. If hand in,go again, letter negotiable securities is calculated in, lead computation amply according to the capital of 12% , handed in the capital breach of travel to be 1.3 billion yuan only 2010. But the upper limit that pays a long-term and sub debt is thirty-five billion four hundred and fifty-two million yuan, and put the dimensions that estimates sub debt to already amounted to 50 billion yuan. Hand in remain financing of rights and interests only all right this road. Additional, the bank appears on the market in a small way to also be faced with capital in a certain number of homes enough rate falls quickly, the circumstance that is badly in need of additional capital. Here setting falls, we appear on the market to the bank puts forward or plan to carry out with respect to not fathomless much home again the plan of financing. The travel in be like is in the last ten-day of a month offerred financing plan in January, plan to be issued in field of A stock market do not exceed 40 billion yuan to be able to turn debt, at the same time accredit board of directors deserves to send, issue total par value not to exceed at the A that already issued reach / or H the of 20% share of respective total par value. On Feburary 22, the bank that enrol business releases announcement to say, the proportion that matchs 1.3 to make work by every 10 to company A partner and H partner matchs carry out, its part corresponding always plan to match an amount to mix 450 million for 2.036 billion about, add up to 2.486 billion, match a financing not to exceed 22 billion yuan. Additional, bank of an ancient name for China 22 days also announcement says, plan to be issued publicly in market of the bond between countrywide bank do not exceed 4.4 billion yuan of sub bond, with compensatory and accessary capital. Be helpful for capital market health although appear on the market,developing 　 bank again financing, be in likely short-term inside bring pressure to capital market, but look for a long time from which, can promote capital market to last healthy progress. Appear on the market the bank is passed again financing, complemental capital, enhance actual strength, asset dimensions expands below the support with enough capital, reduce risk level, rise continuously gain ability, this is helpful for appearing on the market the abidance of bank oneself and banking is dovish development. In global banking crisis, of the country such as beautiful, Europe a few appear on the market the bank is not worth badly as a result of capital, fight risk ability exhausted wait infirmly and bring about go bankrupt close down; Minority appears on the market the bank is seasonable again financing, additional capital and be able to live come down, pursue again stage a comeback. Their lesson can is in endowment appear on the market the bank is drawn lessons from. The basis distributes a program, hand in undertake according to the scale that does not exceed every 10 to match 1.5 soon, match several do not exceed 7.349 billion, financing dimensions does not exceed 42 billion yuan of RMBs. Among them, a match several do not exceed 3.889 billion, h match several do not exceed 3.46 billion. Match a financing this to deduct after issueing charge, will use at gold of additional company capital, raise core capital to be led amply, support is handed in row each business lasts healthy progress. Up to September 2009 end, hand in a capital to be led amply for 12.52% , core capital is led amply for 8.08% . Will hold March soon in temporarily shareholder plenary meeting discusses this financing to plan. According to in the analyst analysis of silver-colored international, according to the plan that already announced, academic financing forehead goes to may reach 100 billion yuan in 40 billion yuan in between. Go up in view of essence undertake A the possibility that increases hair or other financing means is dinky, accordingly the financing forehead of field of A stock market should be in 40 billion yuan of less than. And the financing on field of H stock market should inspect a condition and decide, theoretic emission is new number is 13.6 billion, but financing forehead is 46.5 billion yuan. The capital actual strength of the travel in financing hind will increase greatly, future develops a space to increase. According to action travel calculate, after this second financing is finished, its capital is led amply and enough rate will raise core capital respectively about 2 percent, enough rate will achieve sth used to one’s own advantage 12% above, enough rate will obtain core capital 8% above. Taking one with another, a few appear on the market if the bank can be finished smoothly again financing plan, will make sure oneself have adequate capital, good asset quality, inferior risk standard and lasting gain capacity, appear on the market namely the investment variety that the bank still makes capital market have investment value, increase stability for capital market to the backbone force that go up. Can promote economy to grow 　 more quickly to appear on the market continuously bank again financing, in make already improved the health oneself while, yi Ke promotes economy to grow more quickly continuously. Our country commercial bank increased 9.6 trillion yuan loan newly last year, for Chinese economy form of the “V” that finish anabiosises provided huge support. Form bright contrast with this, the western commercial bank that is inflicted heavy losses on by global banking crisis, because loss of a huge sum of asset of be steeped to the lips in and capital are serious insufficient, not only cannot provide indispensible credit for hypostatic economy, and still need the Central Bank or ” of financial ” blood transfusion to just be able to live. Although Chinese economy was able to restore more quickly to grow 2009, but of this kind of growth durative the test that still faces a lot of uncertainty factors, if develop of economic system anabiosis still slow, the refreshment of Chinese foreign trade grows get its are bigger of degree restrict. From home for, if Chinese commercial bank is universal,occurrence capital inadequacy, fraction defective rises more quickly etc, will affect a bank to support the credit of hypostatic economy greatly, affect thereby economic abidance grew more quickly 2010. From 1997 the experience lesson after Asian banking crisis looks, chinese economy comes from 1998 2003, ever appeared economic growth rate rises 3 years, the fluctuant situation that drops two years, and occurrence banking of after the event is bad the result that loan rises considerably. Accordingly, the adverse effect that answers crisis of banking of this whole world to be brought possibly to Chinese economy for correct and effective ground, we are in hind crisis period, course of study of the Bank of China after wanting to absorb Asian banking crisis adequately and Chinese economy turn over the experience lesson of cycle adjustment. Ensure commercial bank capital is adequate, long-term look, will make be benefited with all possible means undoubtedly.

This year, growth of credit high speed may be brought send prospective bank the risk that bad assets builds up in great quantities, had caused include to superintend branch and each commercial bank inside each square height attention. Superintending the level, “Cogent do good banking venture to prevent accuse working “to become what banking superintends this year advocate fundamental key. Silver-colored inspect can release ” in succession 3 method a how-to ” , aim to be carried out strictly further put borrow a requirement, standard and strengthen credit business government, health of business of stimulative bank loan develops. Recently, international one of orgnaizations of 3 big grade- – benefit praise will medium letter bank and the individual grade of the bank that enrol business are reduced from “C/D” class to “D” class, reason is loan dimensions increases the capital state aggravation that causes two banks considerably, the credit risk of business rises. Although industry of Bank of China moves overall and dovish, include to meet with benefit praise those who reduce grade is medium letter bank and action merchant bank also are managed dovish, but hold to dovish manage without doubt, the height that still needs to cause each commercial bank takes seriously. In the light of superintend currently and what the market spends each to bank risk attention is ceaseless rise, current, already much home bank expresses external, want to have credit structural adjustment mainly this year, take strict precautions against governmental financing platform and risk of estate development loan, severe accuse ” two tall industry of one remnant ” borrows money, in the meantime, increase counterpoise to nod industry and burgeoning industry loan to support strength. Intensify exiting ” two tall because of industry of one remnant ” is high-energy course of study of discharged of bad news, tall platoon and produce can superfluous industry competition is relatively intense, it is the field with bigger risk to the bank, accordingly, be opposite thick and fast in superintendency branch ” two tall industry of one remnant ” publishs a file to undertake low-key setting falls, 2010, the bank is intensifying be being exited from these domains. “Not only the steely, cement blind dilate that produces can superfluous traditional industry will get keep within limits, the apparent repetition in waiting for burgeoning industry builds wind phone equipment, polycrystalline silicon to also will receive a standard, and the domain such as breeding of new energy resources, energy-saving environmental protection, new material, new medicine, biology serves as those who breed a key to will receive credit fund to support energetically. Credit structure will be optimized further below the bank guiding in national policy, with economic health growth supplements each other. “Letter bank plans to develop a senior researcher in Dr. Wang Lei expresses. As we have learned, silver-colored inspect can ask the bank is right ” two tall loan of industry of one remnant ” undertakes be controllinged strictly, wait to steely, coal, coloured, cement produce can superfluous industry and shipbuilding industry, do not get except special situation to any building the project extends loan. Public figure of department of bank credit of an ancient name for China expresses to the reporter, the Central Bank announced to go up once more since Feburary 25 recently tone deposit reserve leads 0.5 percent, make the bank is put borrow a space to be compressed once more, because silver-colored this this year guild takes the reasonable configuration of pair of limited natural resources seriously all the more, accelerate what cross large trade to the risk to exit pace, loan tilts to high grade resource. “To exiting ‘ two tall the concrete step of industry of one remnant ‘ , it is to accelerate the medium and small businesses that does not highlight from dimensions economic benefits to exit; 2 it is more nervous to financial structure, but the product is in for a long time in low end, the company with prospective market limited space is exited; 3 it is poorer to producing a condition, rectify and reform feebly again, the likelihood is included to close to stop and turn by the place the enterprise of limits is exited. “This personage expresses further. Take strict precautions against estate to develop 　 of loan risk 　 to climb the house price that raise quickly 2009, those who bring is a large number of accumulation of bigger and bigger asset value bubble and estate market risk. Silver-colored inspect already can issue risk reminder for many times, risk of credit of market of estate of vigilance of requirement commercial bank. Data of Central Bank statistic shows, 2009 annual, accumulative total of loan of main finance orgnaization and orgnaization of rural collaboration finance and development of estate of RMB of urban credit agency adds 576.4 billion yuan newly; Year end remaining sum grows 30.7 ％ compared to the same period, the year end on increasing ratio accelerates 20.4 percent. The reporter notices, in loan new rule ” fixed assets loan runs temporary measure ” ask each commercial bank carries be commissioned terms of payment clearly, undertake strict monitoring to loan utility, stemmed from this the channel that credit fund divert develops a field to estate. One small bank chief expresses in the home, the change of credit environment, make last year in that way ” mad ” puts borrowed situation to won’t repeat. The bank develops normative estate loan this year, make its dovish move. The bank can strengthen capital flow to superintend on one hand, adjust the strategy that give a letter in time; Can strengthen loan to spend risk management centrally on the other hand, establish scientific limitation management method, prevent loan risk to be in certain zone, project, client is excessive concentration. “In estate domain exit, basically be pair of capital actual strength structure of not abundant, capital is flimsier, do not have reserve of how many land again, the client with prospective growing poorer sex is exited; Additional, by develop single project only, lack develops the development business of aftereffect to exit continuously. “This controller complements, “To estate the investment of the industry will be centered in city of a gleam of this year, the project that 23 lines city enters besides the famous development business such as 10 thousand divisions, in developing business project to will be evaluated in provincial branch hard commonly, pass. “　 in fact, outside developing loan except estate, platform of local government financing also is considered as loan risk relatively centralized domain. According to statistic, up to by 2009, countrywide various local government sends remaining sum of financing platform loan by at the beginning of 2008 10 thousand rise to more about 6 trillion yuan. Governmental financing platform borrows money the risk is significant, one of matters exist namely the phenomenon that utility of a lot of loan nots agree with, to loan fund flow direction lacks effective monitoring. The loan new rule that this silver-colored inspect can publish asks the bank establishs ” fact to borrow clearly solid pay ” the concept, the spirit that establishs whole technological process refines credit management pattern, aggrandizement loan utility manages. Dong Bi of bank of some share-holding system is being accepted when interviewing, express, 2009 first half of the year, increment of loan of platform of financing of this administration seat of government is 30% , about 100 billion yuan. Among them, administration and provincial government are occupied about 20% , government of ground city class is occupied about 56% , government of area county class is occupied about 24% . Will choose to go up in the object henceforth, the government that choice credence economy of good, place developeds, for example government of district of annulus Bohai Sea, long triangle, strengthen at the same time the examination dogs after borrowing. Make sure key industry obtains more credit to support 　 bank to adjust credit structure, rise resist risk ability, besides exit a venture as soon as possible besides larger trade and domain, still reflect the credit that increasing pair of key industries and burgeoning property to support strength. “Key industry ” basically is national emphasis industry the involves in program of long-term science and technology industry in the property that in revitalize and adjusting a program, includes, country. Because ” of ” key industry is medium the scale of a lot of enterprises is larger, many projects obtained national project approving to examine and approve, look in the bank, the risk of this kind of industry is relatively lesser, and it is the key that past credit puts in all the time, accordingly, “Key industry ” obtains credit support to have relatively all the time assure. The credit of burgeoning industry ” supports the ” such as to how assuring new energy resources, energy-saving environmental protection, new material, new medicine, center of carry of battalion of financing of the bank that start line of business is presiding economist Lu Zheng appoint think, “To single company, often need more investment in initial stage, gage is insufficient, prospective failure risk is higher, this kind of enterprise often is in it is certain and difficult to obtain credit to support a respect to exist. To can make ‘ burgeoning industrial ‘ wins enough credit support, the bank ought to enlarge acceptable gage range appropriately, seek is other at the same time main body undertakes assuring to credit risk, fund also can provide certain subsidy related the government, help bank covers a risk. “　 is versed in expressed what hold in its all right on working conference 2010, the key support is in this year build, add is built and already signed restrain major project construction, ensure national priority discipline builds success; Key support is strategical line of business of burgeoning industry, contemporary service, support is energy-saving decrease the green industry such as economy of platoon, loop, low carbon economy, guide credit resource to enter an environment in order friendly model industry, continue to raise these keys to admit the credit proportion of the domain.

“Did not leave index of too much loan to our subbranch of a bank this year, annual gave 2 100 million, must add again as one used to do 0. The result was put January small 3 100 million, had overfulfiled the task now. Number off by the month commonly, at any time adjusting control, say not to let put do not let put. “Accept when interviewing, beijing area the site controller of subbranch of a bank of a state-owned and large bank complains to the reporter: “Do very hard really! Loan was controlled, profit number can not decrease. ” now, employee of more and more bank grass-roots unit face move and former and similar situation- – should keep balanced already put borrow, should hold to ” to have again retain accuse ” , prevent to cast even form a venture to excessive concentration… enter after 2010, the commercial bank feels generally, in carry credit comfortable increased greatly with the operation difficulty between balanced growth. Beyond question, in asset value bubble and inflationary risk the setting of ceaseless aggravate falls, the monetary policy change 2010 is destined to will make the central point that the society pays close attention to. This among them, the size of bank credit dimensions adjusts direction with what put in a structure is an important variable undoubtedly. A variety of evidence make clear, credit will cast off the unusual appearance 2009 2010, trend normal. On one hand, last year the State Council for many times standing conference, the topic for discussion is involved restrain superfluous produce can, second structure sex reforms the depth such as reform of reform of development of medium and small businesses of burgeoning industry program, support, income allocation, resource element price direction; And from the 3rd quarter, the country already began strict government spending, it is reported, the central investment in 4 trillion yuan of plans has 200 billion yuan to have not fall partly batch. On the other hand, although measurable and loose monetary policy and active finance policy fundamental key did not change, but superintendency layer has carried out strict capital control to microcosmic and outspread mechanism apparently. The reason is, accompanying exceed groovy credit to put in, enough rate already presented commercial bank capital to drop quickly posture. This can affect the contented rate of credit demand 2010 not only, from long-term look, expand the abidance that drops business of commercial bank credit capacity even. And inflation anticipates below, predict 2010 not only the desire that dweller and enterprise reduce deposit dimensions and deposit current to change relatively more intense 2009; And, in future a year and even inside more long-term time, pick up continuously to support macroscopical economy, the bank is new the dimensions of the long term loan in adding must be able to assure, consequently the commercial bank will be faced with relatively serious capital fault to compound a risk. In addition, long-term interest rate commercializes a trend not to change in, still will make commercial bank profit poor the level closes gradually narrow. Can foreknow, no matter be finance policy or credit policy, will tighten up significantly 2010. However, the demand as a result of hypostatic economy still exuberant, accordingly, odd with respect to the bank character, credit systole must be careful, reasonable, can restrict badly not only otherwise just look forward to is firm the economy that pick up grows, what also can cause quality of its oneself asset is exasperate. Although national district develops the strategy to plan to be credit of commercial bank future to put in,offerred new strong point, program of 10 big industries points to clear credit to cast for the commercial bank to, but how to hold measure in adjust, how to prevent to borrow long, borrow big, borrow center and put borrow deadline fault to deserve to produce new systematization banking venture, remain a task that seeks solution urgently. The Spring Festival grew a holiday to just passed 2010, silver-colored inspect can issue loan new rule once more. Together with has applied before ” fixed assets loan runs temporary measure ” and ” project financing business is how-to ” , it may be said is put strictly further from long-term system arrangement borrow a requirement, standard and aggrandizement credit business government, the meaning that its optimize stimulative economy structural adjustment with credit structure be clear at a glance. Can say, compress with exert oneself just about produce credit of can superfluous industry to put in specific gravity to be nodded to be cut, open the big screen that the commercial bank optimized credit to put an industry on pattern and area structure 2010. A few days ago, be versed in working conference put forward clearly row 2010, credit puts in this year will accomplish ” ” of 6 keys support and ” ” of 3 strict control, call in ” of ground of ” store up, ” covers loan of dish of ” room look forward to. According to deploy, major project construction, strategical the demand of consumption of burgeoning industry and small company and trade financing, dweller field that will make labour support mainly this year all right; And beyond priority discipline go up newly project, ” two tall one endowment ” and produce can superfluous industry, and the investment of the domain such as estate development loan, was included strict pilot range. Actually, labour is opposite afore-mentioned adjustment that what credit structure makes all right, yi Ke regards an epitome that credit of domestic commercial bank puts in this year as. Almost all accept the personage inside the banking that cover to express, join credit optimize to structure of policy and union of photograph of national industry policy, credit with economy growth adjusts photograph union, ought to become banking assets to combine serious content of management. As we have learned, enter after 2010, each commercial bank accelerated the serious check to trade policy generally, adjusted an industry in time to develop strategy. Among them, the most outstanding performance is, to platform of local government financing loan and estate borrow money, will strengthen rectify and reform zephyr danger to manage, maintain hard and improve asset quality. And the another result that this one policy adjusts orientaton to still be brought- – have expert analysis, anabiosis as the abidance of domestic economy, especially of foreign trade industry improve, the management of domestic medium and small businesses also appeared to be improved apparently, the hopeful of medium and small businesses on catenary of industry of imports and exports becomes the breach of bank credit this year. Because, anabiosis in economy period the advantage that bank loan gives medium and small businesses is, its credit risk can get be controllinged effectively, and the bank has powerful bargain capacity to medium and small businesses. In addition, the credit dimensions of the bank controls itself to be helpful for a bank promoting loan interest rate, the only interest of the bank differs a level to also will get bigger promotion consequently. Be in to a few large bank in interviewing, the reporter notices, support includes industry of imports and exports inside medium and small businesses develops, had become this year a of credit structural adjustment serious content. Up to now, although look from gross, the market opinionses vary to the dimensions that credit put a likelihood on to achieve 2010, but to structural adjustment of commercial bank credit was having relatively consistent self-identity however 2010. More important is, current, the credit structural adjustment of the commercial bank already guided via be being accepted by passivity, and transform gradually for active management strategy. Nevertheless, what need reminds is, because China exports growth to be in hard short-term inside restore apparently, and what massive government invests future is progressively exit, producing can superfluous since also will be the one catastrophe of economy of the China inside quite long period of time inscribes future at present, it is a commercial bank more the fundamental sex key that optimizes credit to put an industry on pattern works. How to hold good industry cycle and the significance with periodic bank credit, science formulates the strategy of structural adjustment; How to transform traditional close periodic credit manages mode, reduce the economic cycle effect to bank income source… all these, will form long-term challenge to banking.