Anticipation invited Taiwan financial Lai Yu "Gold Rush"

Yesterday, Taiwan's financial elite center for the transfer of shares in Chongqing tours. Ouyang ancestral soldier's photo

NEW YORK (Chief Reporter Sun Liming Liang age intern reporter Wang Shi Jie) yesterday, the chairman of Taiwan's Sovereign Bank Chiu led more than 30 elite Lai Yu Taiwan's financial sector study. Elite cross-strait financial exchanges in the meeting, the Municipal Committee, mayor of Chongqing, Huang Qifan introduced the financial industry development plan, and invited financial institutions to establish branches in our city.

Chongqing, the financial industry "suck money power," leading the country

Anticipation that from asset quality, the current non-performing assets of banks in Chongqing was only about 1%. In 31 provincial cities, including Beijing, Shanghai and Chongqing cities in three lowest non-performing assets. In addition, all banks operating in Chongqing data is not bad. For example, the city banks of deposit and loan growth, has been for 6 years higher than the national average; Chongqing, the bank's return on capital of nearly 20%, while the national average was about 14%; over the past four or five years, Chongqing premium growth rate of 40%.

5 years later, the proportion of the financial industry will reach 12%

Whether a city can become the financial center of the surrounding radiation, an important index is the "loan balance: GDP" ratio. Anticipation that if the ratio of "1:1" sufficient to support economic development. But now, this proportion reached Chongqing, "1.5:1", will strive for 10 years, the proportion had reached "2.5:1", to become the financial center of the surrounding radiation. In addition, the proportion of the financial industry in Chongqing will also rise. Anticipation that, at present, the city GDP, the financial sector accounting for 8.2%, ranking third. The city will strive to 2012, raise the proportion to 10% to 12% in 2015 to upgrade.

5 levels to promote financial development in Chongqing

To achieve these objectives, Chongqing has a clear path to the financial industry. Anticipation that, Chongqing is China one of the 5 major cities, development of the financial industry will focus on five levels of progress, including: bank, insurance, securities Wei representatives of mainstream financial services to the trust, leasing, small loan companies represented by non-mainstream financial institutions, in addition to elements of the market, clearing house and financial security system. Anticipation that, in addition to actively introduce stationed around the city commercial banks in recent years, great efforts to cultivate the city's securities market and hope a few years, the market value of listed companies in Chongqing with GDP rather, at the same time strive to become the company's road show to be listed on the center. If the future of listed companies often have road shows to Chongqing, then the various brokerage firms, funds, investors, insurance companies will set up points to Chongqing.

5 above the Bank of Taiwan intended to "settle down" in Chongqing

Concern of cross-strait economic cooperation framework agreement (ECFA) was signed this year in June in Chongqing, Chongqing became Taiwan's financial cooperation with the pilot areas, to provide Taiwan the mainland banking sector, "green channel" of concessions to the mainland to Taiwan's financial industry set up Branch offers a fast approval. The background of the face of this new cooperation, Taiwan's financial industry is how to treat it?

Willingness to cooperate

For five more banks to enter the Chongqing

"Chongqing's rapid economic development has become the land of domestic and foreign investment enterprises. Such a city, the demand for capital is enormous, and is rapidly growing. Any bank came in were promising." Chiu, chairman of Taiwan's Sovereign Bank, said, Currently the cities of Chongqing, the financial industry is growing rapidly and a huge market, the banks alone to eat, "spread", you can survive very well. With the economic and trade exchanges across the Taiwan Strait continues to heat up, many Taiwan business people in the industry has been investing in building factories in Chongqing, such as Foxconn, Quanta, Inventec, and other famous enterprises have settled in Chongqing.

"Taiwan enterprises should follow the financial industry to Chongqing, providing services for them." Chiu said that Taiwan's banks to enter the short term likely to Chongqing. Currently, there are five banks of more than express such desire. In their view, the two sides in the training of financial personnel, small business loans, and other aspects of space cooperation.

Co-direction

Talent, great trust co-operation

Taiwan's vice president of finance of the Institute Chentai Long said, Taiwan has 37 domestic banks, 32 foreign banks, in addition to 326 community financial institutions. So many banking institutions led to excessive competition in Taiwan's banking industry. Deposit spreads narrow, the current deposit interest rate in Taiwan is only 1.2%, lower profitability. In contrast, mainland banks full competition with Taiwan. Therefore Chentai Long suggested that high-quality personnel in finance, financial products, such as joint research and development cooperation. Taiwan's First Commercial Bank, Ltd, Chow Pak banana Biao Shi, Zai financial Hezuo area, Chongqing Jinrongjigou also go to Taiwan Touzi development, Liang An Yin Xingye can Jianlicelue Lianmengpingtai, cross Huobi clearing Ji Zhi Jian Li, mutual Chengrenjinrong professional license, promote personnel exchanges, the combat against money laundering and financial crime. Cross-strait financial exchanges with the industry through training, exchange of personnel, high-level visits, etc., enhance the management level. Taiwan Trust Association, said the Secretary-General Wu Chun Yi, Taiwan more advanced trust business, has 45 operations in money and trust, real estate trusts, securities trusts. Cross-strait cooperation in trust business, trust companies to explore co-operation with the mainland handling trust business, shares of domestic investment trust companies or directly for the establishment of trust.

"I share transfer center in Chongqing and agricultural and livestock exchange is interested in shares if the means of cooperation can be very good." KGI KGI Securities Co., Ltd., Wei Baosheng that he can help more of Chongqing Taiwan listed companies, financing.