Li Jun, the Shanghai Gold Exchange expert advisory members; Ho Chen, Department Director Lee asset investment, a typical representative of Public-private transfer. Yesterday, Chengdu Branch of China Everbright Bank to listen to organizations master lecture held in Chengdu, the two styles of talking heads appear on the podium.
Although the topic of conversation be different, but two of the confidence of the investment in the future. Jun Li convinced that gold will at least gain a further 10 years; Ho Chen argued that A shares expected to reproduce the systematic from 2006 to 2007, chances are unlikely, only to find institutional investors the opportunity.
RMB internationalization decision would increase gold
June 19, the central bank announced further promote the reform of RMB exchange rate formation mechanism, enhance the flexibility of RMB exchange rate. This is the market seen as an important step in the internationalization of RMB.
"Internationalization of the Renminbi, the gold will be doomed to rise." After a lapse of eight years, Li Jun Rong investors once again appear in front of his current status is the most important member of Shanghai Gold Exchange expert advisory.
Eight years ago, Li Jun debut in Chengdu, was closed to the media, "China's first exchange of God" title, then he that is a hot topic in foreign currency speculation. "RMB exchange has not changed, many people are keen on foreign exchange speculation," Li Jun said that after the exchange rate reform in 2005, foreign exchange investment has been very difficult to become investment hot spots, will be replaced by gold.
10 years ago, the international spot price of gold is more than 200 U.S. dollars an ounce; five years ago, is more than 400 U.S. dollars; today, is more than 1200 U.S. dollars. Li Jun said that participation in gold investment, in addition to the portfolio, especially for the needs of the market itself.
He pointed out that the internationalization of the yuan to become a reserve currency, and must be based on gold reserves. At present, about 1,100 tons of gold reserves, Li Jun said that he has senior people from the Shanghai Gold Exchange was informed, at least our gold reserves to 4,000 tons, to allow the RMB internationalization. This means that China's holdings of gold possible.
Not only that, including India, Russia, South Korea, and holdings of gold reserves, "between supply and demand will directly push gold higher." Li Jun said that the yuan could become an international currency in 2020, a hidden meaning behind this is that "Gold will rise at least 10 years."
The future of technology and private investment spending is key
Li Chun, passionate style and very different from Shanghai willy Asset Management and Chief Investment Officer, General Manager Ho Chen should be prudent lot. In his own words, "I am better than Li (Jun) teachers may be more rational."
Ho Chen said that China's economic growth model is from a resource-driven to innovation-driven change, which will determine the industry's long-term trends in resource allocation. Experienced a bull market years of 2006,2007, and 2008 after the crash, the stock market entered a period of adjustment.
Ho Chen said, A 股 market Yi did not have systematic opportunities, which are easily reproduced Bu Hui Du Shang Zhang Zhi Gupiao the criteria, and Zhihui You structural 机会, "They will exist in the technological innovation, consumer services."
2010, the Government stressed the need to focus on resolving employment, housing, social security, medical, public health, livelihood issues, to improve the residents quality of life. In the private equity fund, it seems, to guide the implementation of these policies will help eliminate the worries of the people to enhance their desire for consumption, "consumption growth in China will reproduce the history of Japan and Korea."
Ho Chen pointed out that the consumer is imminent in the people, the consumer valuation of listed companies are at historic lows, leaving sufficient for their living spaces, such as Suning Electric, Maotai, Haier, Tencent and other stocks.
Meanwhile, in the resource-driven to innovation-driven model transformation, the new energy industry, there are great investment opportunities, the building energy-saving materials, electric vehicles, smart Dian Wang, photovoltaic.
In yesterday's speech, as a private equity fund managers, not too much to talk about how shock index, he has passed his investment philosophy teams. He stressed four principles:
First, the target must have adequate margin of safety. This is the most important of all stock selection must comply with the conditions.
Second, we must make sure to identify the money, that is, the probability of the event bigger.
Third, as far as possible to shorten the waiting period profit, which is selected as the intervention point (wait catalyst appear).
Fourth, the systematic risk of the view that the head to avoid the large level, other levels of adjustment can be adjusted and shareholding position to reduce the risk of structural adjustment.
2010年8月6日星期五
Ping An Trust awarded "Outstanding Trust"
Recently, the "Securities Times" sponsored "the Third China Trust Award Outstanding activities", the Ping An Trust, with its excellence in the professional field, awarded "China's outstanding trust" and "China's outstanding trust managers" "Best class of securities investment trust plans," "the best real estate trust plan," "the best combination of investment trust products," "the most influential brand (product)" six awards.
It is reported that the current evaluation activities, the theme of "innovation lead before the line", participants Criteria for the Trust's revenue, profitability, product proceeds from the mandatory indicators, product innovation and business model innovation were included in the evaluation range.
It is reported that the current evaluation activities, the theme of "innovation lead before the line", participants Criteria for the Trust's revenue, profitability, product proceeds from the mandatory indicators, product innovation and business model innovation were included in the evaluation range.
Money should not ignore the "penny"
People ask the classic question for investors is: "How do your risk tolerance?" Asked this question in fact is: "Would you pay how much?" No one is willing to lose money, so the correct question is asked should be: "You can accept what the market turmoil?" The key here is that you make sure you can withstand market volatility, so that your portfolio for you to bring the expected benefits.
If you are concerned about their investments because of uneasy, sleepless nights, you're investing in the stock market too much. People always want to play the stock market arena, "home run" because they have heard too many stories of investment success stories. However, the more people want to play the "home run", the further away from success.
As Credit Suisse Private Bank's investment director of the United States 罗伯特维森 Stan said: If you do not know right market turmoil capacity, then you will not be a successful investment experience, and the prices change at the beginning, you will be scared wits, fled. So, first do not worry about how tomorrow's market, you should first take a step back, find out their level of bear market turmoil, after so your investment portfolio to "complete its work", so you can more freely more difficult to walk on the investment environment and investment situation was.
So, how to build your own portfolio then? First of all, never put all your eggs in one basket. Market and various asset management theory proved time and time again, people may be totally different and people's expectations, so in a successful investment strategy has been repeatedly cited the "diversification" principle means that your portfolio will not focus at a certain specific securities. In general, many different types of assets available for investment, the typical investment portfolio should include equity and fixed income products.
To certain "penny" into your investment portfolio is very important, such as bonds, they will become your portfolio is relatively stable part of this is that you can count on, you can plan investments. In addition, they can bring you a more stable income. This stable income stream that you invest in a "gift." More importantly, return on fixed-income products, contact with the stock is not very big, its price will not change with changes in stock prices. When your portfolio there are two kinds of assets is not relevant, you also greatly reduce the risk.
If you are concerned about their investments because of uneasy, sleepless nights, you're investing in the stock market too much. People always want to play the stock market arena, "home run" because they have heard too many stories of investment success stories. However, the more people want to play the "home run", the further away from success.
As Credit Suisse Private Bank's investment director of the United States 罗伯特维森 Stan said: If you do not know right market turmoil capacity, then you will not be a successful investment experience, and the prices change at the beginning, you will be scared wits, fled. So, first do not worry about how tomorrow's market, you should first take a step back, find out their level of bear market turmoil, after so your investment portfolio to "complete its work", so you can more freely more difficult to walk on the investment environment and investment situation was.
So, how to build your own portfolio then? First of all, never put all your eggs in one basket. Market and various asset management theory proved time and time again, people may be totally different and people's expectations, so in a successful investment strategy has been repeatedly cited the "diversification" principle means that your portfolio will not focus at a certain specific securities. In general, many different types of assets available for investment, the typical investment portfolio should include equity and fixed income products.
To certain "penny" into your investment portfolio is very important, such as bonds, they will become your portfolio is relatively stable part of this is that you can count on, you can plan investments. In addition, they can bring you a more stable income. This stable income stream that you invest in a "gift." More importantly, return on fixed-income products, contact with the stock is not very big, its price will not change with changes in stock prices. When your portfolio there are two kinds of assets is not relevant, you also greatly reduce the risk.
Tips for financial products to buy Trust
CHONGQING, China (Xinhuanet Wavelet Packets) In recent years, low interest rates as banks, trust banking market has become hot. Chongqing bank financial experts advise investors to buy trust in financial products, as we choose capital strength, high integrity, good assets in good condition and historical performance of a trust company, in particular to note the following.
First, trust products, the most critical earnings outlook. Products currently on the market are mostly a collection of trust fund trust scheme, that is, the trust funds in advance to determine the specific orientation. Therefore, investors in the purchase of financial products to pay attention to the Trust Trust project is good or bad, as an industry in which the Trust project, the operation of the process is stable and reliable cash flows, the project put into operation if there is a vast market prospects and sales. These are implicit trust project success rate, the relationship between principal and income investors are able to obtain due time.
Second, the study projects the security situation in the Trust. A bank guarantee or bank loans to the trust committed to follow-up project, the safety factor will be higher than the general trust items, of course, the returns would be relatively lower. In addition, the project secured the trust, investors can not just look at the secured party's asset size, but by the secured party's debt ratio, profitability, cash flow and sustainable development of enterprises and other factors.
Third, know your risk appetite. Under normal circumstances, invest in real estate, stock market, trust project risk is slightly higher, but the income is relatively high; and investment in energy, electricity and other infrastructure projects the trust is relatively stable, cash flow clear, but the benefits of good safety relatively low. Therefore, the demand for a pension or preparatory education for their children gold investors, it is best to purchase low-risk, moderate income trust products.
First, trust products, the most critical earnings outlook. Products currently on the market are mostly a collection of trust fund trust scheme, that is, the trust funds in advance to determine the specific orientation. Therefore, investors in the purchase of financial products to pay attention to the Trust Trust project is good or bad, as an industry in which the Trust project, the operation of the process is stable and reliable cash flows, the project put into operation if there is a vast market prospects and sales. These are implicit trust project success rate, the relationship between principal and income investors are able to obtain due time.
Second, the study projects the security situation in the Trust. A bank guarantee or bank loans to the trust committed to follow-up project, the safety factor will be higher than the general trust items, of course, the returns would be relatively lower. In addition, the project secured the trust, investors can not just look at the secured party's asset size, but by the secured party's debt ratio, profitability, cash flow and sustainable development of enterprises and other factors.
Third, know your risk appetite. Under normal circumstances, invest in real estate, stock market, trust project risk is slightly higher, but the income is relatively high; and investment in energy, electricity and other infrastructure projects the trust is relatively stable, cash flow clear, but the benefits of good safety relatively low. Therefore, the demand for a pension or preparatory education for their children gold investors, it is best to purchase low-risk, moderate income trust products.
Trust potential traffic class
Recently, the China Banking Regulatory Commission cross-checks to make strictly limited trust and cooperation, including the type of infrastructure trust. However, transport infrastructure investment trust to be "reserved." In this case, the market's enthusiasm for the trust on the traffic class and gradually warming
Product Name: Jinsin Trust "Taxi operating rights of the trust funds"
Product size: 200 million yuan Trust period: 1 year Estimated annual yield: 5% of funds invested: According to the plan, the city's Urban Construction Investment Company within one year will be all right to trust Taxi operation, which will fund the first sexual intercourse to the urban construction company. In the trust period, urban construction company will then operate the right to due Taxi transfer funds directly into a trust company set up in a bank trust accounts, trust funds first to pay the cost to offset the remainder of the trust fund principal, until the principal of the trust fund is zero.
Features: The program in project selection for annual operating lease expiring Taxi paragraph as trust income, reflecting a very good cash flow. The plan guaranteed by the municipal government, urban construction companies can not schedule commitments when the trust funds to pay the cost of repayment of principal when the trust fund, to be paid by the municipal finance, greatly reducing product risk.
Product Name: Jiangsu International Trust and "Highway traffic Holdings Capital Trust"
Product size: 200 million yuan Trust period: 1 year Estimated annual yield: 3.7% of invested capital: capital loans of the trust model will be used in Jiangsu Transport Holdings Ltd, and its revenue mainly from the Jiangsu Transport Holdings Limited Interest about 4.779%; the same time, loan interest income in the year prior to the Trust distribution of interests with the inter-bank, bank deposits, treasury bonds investment income, the sale of bond spreads, inter-bank interest rates, bank deposits and interest.
Features: The interest on the loan payments, the design of the borrowing company to pay quarterly interest on the loan request, this trust can borrow one to grasp the operating conditions and capacity to pay back the interest can be reinvested. Loan guarantees, the product design for the loans issued by banks irrevocable joint and several liability provision of guarantee to investors the risks to a minimum. In risk prevention, the protective measures of the product design twofold: first, trust companies found that borrowers in the trust fund may be affecting the safety of major business issue, entitled to demand early repayment terms; second, the borrower may not early repayment of loan principal, thus avoiding the risk of re-investment.
Product Name: Jinsin Trust "Taxi operating rights of the trust funds"
Product size: 200 million yuan Trust period: 1 year Estimated annual yield: 5% of funds invested: According to the plan, the city's Urban Construction Investment Company within one year will be all right to trust Taxi operation, which will fund the first sexual intercourse to the urban construction company. In the trust period, urban construction company will then operate the right to due Taxi transfer funds directly into a trust company set up in a bank trust accounts, trust funds first to pay the cost to offset the remainder of the trust fund principal, until the principal of the trust fund is zero.
Features: The program in project selection for annual operating lease expiring Taxi paragraph as trust income, reflecting a very good cash flow. The plan guaranteed by the municipal government, urban construction companies can not schedule commitments when the trust funds to pay the cost of repayment of principal when the trust fund, to be paid by the municipal finance, greatly reducing product risk.
Product Name: Jiangsu International Trust and "Highway traffic Holdings Capital Trust"
Product size: 200 million yuan Trust period: 1 year Estimated annual yield: 3.7% of invested capital: capital loans of the trust model will be used in Jiangsu Transport Holdings Ltd, and its revenue mainly from the Jiangsu Transport Holdings Limited Interest about 4.779%; the same time, loan interest income in the year prior to the Trust distribution of interests with the inter-bank, bank deposits, treasury bonds investment income, the sale of bond spreads, inter-bank interest rates, bank deposits and interest.
Features: The interest on the loan payments, the design of the borrowing company to pay quarterly interest on the loan request, this trust can borrow one to grasp the operating conditions and capacity to pay back the interest can be reinvested. Loan guarantees, the product design for the loans issued by banks irrevocable joint and several liability provision of guarantee to investors the risks to a minimum. In risk prevention, the protective measures of the product design twofold: first, trust companies found that borrowers in the trust fund may be affecting the safety of major business issue, entitled to demand early repayment terms; second, the borrower may not early repayment of loan principal, thus avoiding the risk of re-investment.
M & A speculation in the banking sector privatization of banks hard
China Industrial and Commercial Bank of China (1398) confirmed that ICBC will be (349), after privatization, the concept of triggering the market fry for another bank merger, so that small and medium banks in Hong Kong stocks surge further, including Wing Hang Bank (302) rose more than 8 percent yesterday. And BOC Hong Kong (2388) increased 2 percent, the cumulative increase since the month reached into more. Analysts believe that, although investors speculated the Bank of China (3988), or will the privatization of Bank of China, I believe that is unlikely.
ICBC rose plate privatization to stimulate the Deutsche Bank report noted that the privatization of ICBC ICBC Asia will make the latter have more room for growth and are not subject to restrictions on the lower level of capital ratios. ICBC is also beneficial in the RMB business with the huge growth opportunities. Report refers to "ICBC is interested to buy other banks in Hong Kong is the next logical problem."
ICBC Asia to be privatized by the news, the market fry concept of bank mergers and acquisitions, including Wing Hang up another 8.3 percent yesterday, two hexagonal close at 86 yuan, after the suspension from the ICBC, the cumulative increase in Wing Hang More than one-six. Dah Sing Bank (2356) and Dah Sing Financial (440) rose 5.92 percent and 3.85 percent, Bank of East Asia (023) and Chong Hing Bank (1111) also rose by 4% Point on July 5 and 4.1 percent.
BOC Hong Kong has continued to rise, closing yesterday, the second angle of 20 yuan, up 2 percent, since the advent Since July, the cumulative increase of more than one into three, if the lowest 17 yuan a month, compared Pentagon, the cumulative increases as much as half a percent.
Managing Director of China Merchants Securities investment bank is satisfied that the warm days, the privatization of ICBC Asia, news, or the impact of BOC Hong Kong rose slightly, but the two lines are different in nature, the opportunities for privatization soon BOC Hong Kong is not high, because the relative size of ICBC BOC Hong Kong Asia is big, a lot of money to the privatization of the amount involved in the Mainland banks have the financing is to strengthen the capital adequacy ratio, Bank of China Bank of China will not rashly use of funds will be privatized. Meanwhile, the BOC brand in Hong Kong more independent, market share, as the Bank for International Development's flagship.
BOC Hong Kong has good stock performance, I believe that as the RMB clearing bank with its relevant, because the renminbi business potential. The Bank will inject the assets of the Bank of China or other arrangements, so that BOC RMB business in a greater scale of development, temperature and day is also satisfied that the listed companies as Bank of China, Bank of China can not be free to inject assets.
27.7 yuan per share, a price premium of material into the other two, many securities firms report that the privatization of ICBC ICBC Asia, the practice of appropriate, will be given greater synergies, estimated a price would be between ICBC Asia's closing transaction half times that range from a half times. Of which JP Morgan estimates that the bank or will be 27 yuan per share, seven corner to privatize ICBC Asia, equivalent to ICBC Asia market account rates twice more before the suspension ICBC Asia closing price of a two percent premium.
Mount pass that after the privatization of ICBC ICBC future should not worry when injected to maintain the liquidity of shares of ICBC Asia's problems; the same time, if the bank acquisitions of local financial institutions, to the merger compared with ICBC easily without fear of ICBC Asia's problems of minority shareholders.
ICBC rose plate privatization to stimulate the Deutsche Bank report noted that the privatization of ICBC ICBC Asia will make the latter have more room for growth and are not subject to restrictions on the lower level of capital ratios. ICBC is also beneficial in the RMB business with the huge growth opportunities. Report refers to "ICBC is interested to buy other banks in Hong Kong is the next logical problem."
ICBC Asia to be privatized by the news, the market fry concept of bank mergers and acquisitions, including Wing Hang up another 8.3 percent yesterday, two hexagonal close at 86 yuan, after the suspension from the ICBC, the cumulative increase in Wing Hang More than one-six. Dah Sing Bank (2356) and Dah Sing Financial (440) rose 5.92 percent and 3.85 percent, Bank of East Asia (023) and Chong Hing Bank (1111) also rose by 4% Point on July 5 and 4.1 percent.
BOC Hong Kong has continued to rise, closing yesterday, the second angle of 20 yuan, up 2 percent, since the advent Since July, the cumulative increase of more than one into three, if the lowest 17 yuan a month, compared Pentagon, the cumulative increases as much as half a percent.
Managing Director of China Merchants Securities investment bank is satisfied that the warm days, the privatization of ICBC Asia, news, or the impact of BOC Hong Kong rose slightly, but the two lines are different in nature, the opportunities for privatization soon BOC Hong Kong is not high, because the relative size of ICBC BOC Hong Kong Asia is big, a lot of money to the privatization of the amount involved in the Mainland banks have the financing is to strengthen the capital adequacy ratio, Bank of China Bank of China will not rashly use of funds will be privatized. Meanwhile, the BOC brand in Hong Kong more independent, market share, as the Bank for International Development's flagship.
BOC Hong Kong has good stock performance, I believe that as the RMB clearing bank with its relevant, because the renminbi business potential. The Bank will inject the assets of the Bank of China or other arrangements, so that BOC RMB business in a greater scale of development, temperature and day is also satisfied that the listed companies as Bank of China, Bank of China can not be free to inject assets.
27.7 yuan per share, a price premium of material into the other two, many securities firms report that the privatization of ICBC ICBC Asia, the practice of appropriate, will be given greater synergies, estimated a price would be between ICBC Asia's closing transaction half times that range from a half times. Of which JP Morgan estimates that the bank or will be 27 yuan per share, seven corner to privatize ICBC Asia, equivalent to ICBC Asia market account rates twice more before the suspension ICBC Asia closing price of a two percent premium.
Mount pass that after the privatization of ICBC ICBC future should not worry when injected to maintain the liquidity of shares of ICBC Asia's problems; the same time, if the bank acquisitions of local financial institutions, to the merger compared with ICBC easily without fear of ICBC Asia's problems of minority shareholders.
Bank stocks have become "Air Force pioneer"
August 2, China Everbright Bank road show started, as planned, it will be listed on the 18th of this month. Also a large cap to the market react? Late yesterday, the diving process, bank shares really become a "pioneer in the Air Force," the main force, and sell into corrections.
Success or failure will ABC ABC?
A stock bank shares has been the main nerve. Recently, the banking sector is "action" continues, Agricultural Bank of China listed China Construction Bank, Bank of China 10 billion allotment options have been granted, Everbright Bank of 20 billion IPO financing has been "imminent", which undoubtedly increased the banking stocks on the market effects.
At the close, the banking segment fell 2.41%, Huaxia Bank fell 3.68%, down 2.87% Bank of Beijing, China Merchants Bank, CITIC Bank, Industrial Bank, Shanghai Pudong Development Bank, the Bank recorded a decrease of more than 2.5%.
Agricultural Bank of much concern to the day the market fell 2.5 percent to 2.73 yuan, only 5 cents above the IPO price. Some analysts pointed out that the rally started the current round of agricultural bank, then the rally will probably be limited to the Agricultural Bank.
Everbright their pressure is not great, "Ta Kong IPO has been a main force to do more super sharp weapons, China Everbright Bank has come, super tape main pressure will take the first look," "ABC was the draw that much blood, EB Banks pumping again, the market how can I bear? "reporter yesterday saw it in more stocks, Everbright forthcoming, investors have some concern.
In response, an analyst at Industrial Securities Sales Department in Wuhan ZHOU Jing Yuan, said Everbright online issue IPO next Tuesday, large cap IPO pressure Approaching, China Everbright Bank although much lower than the Agricultural Bank of asset size, but on the capital market, this is a monster banks hungry for market share of funding has caused tremendous financial pressure on short-term investors need to be cautious.
Securities Institute of Great Britain and Lida Xiao believes that the listing of Everbright Bank study the impact of the market, to observe the market to attract foreign capital market financing rate of speed and ability to strike a balance, China Everbright Bank's listing should be enough to trigger a new round of fall, the market the bottom of the proven, pre-short position of absolute dominance that unilateral market will not reproduce, follow-up will enter the shock pattern of long and short contention.
Do not count on it to play new on August 2, China Everbright Bank began their first road show in Shenzhen. CICC in its report to the pricing of China Everbright Bank in 3.5 per -4 yuan. China Merchants Securities believes that China Everbright Bank to 2.65-3.02 dollars a reasonable price range.
Everbright Bank of Me and the new play it? Business analyst at Industrial Securities in Wuhan ZHOU Jing Yuan said, most difficult to lose money to make money is also difficult to copy the experience of playing the new ABC, investors do not have unrealistic expectations.
Success or failure will ABC ABC?
A stock bank shares has been the main nerve. Recently, the banking sector is "action" continues, Agricultural Bank of China listed China Construction Bank, Bank of China 10 billion allotment options have been granted, Everbright Bank of 20 billion IPO financing has been "imminent", which undoubtedly increased the banking stocks on the market effects.
At the close, the banking segment fell 2.41%, Huaxia Bank fell 3.68%, down 2.87% Bank of Beijing, China Merchants Bank, CITIC Bank, Industrial Bank, Shanghai Pudong Development Bank, the Bank recorded a decrease of more than 2.5%.
Agricultural Bank of much concern to the day the market fell 2.5 percent to 2.73 yuan, only 5 cents above the IPO price. Some analysts pointed out that the rally started the current round of agricultural bank, then the rally will probably be limited to the Agricultural Bank.
Everbright their pressure is not great, "Ta Kong IPO has been a main force to do more super sharp weapons, China Everbright Bank has come, super tape main pressure will take the first look," "ABC was the draw that much blood, EB Banks pumping again, the market how can I bear? "reporter yesterday saw it in more stocks, Everbright forthcoming, investors have some concern.
In response, an analyst at Industrial Securities Sales Department in Wuhan ZHOU Jing Yuan, said Everbright online issue IPO next Tuesday, large cap IPO pressure Approaching, China Everbright Bank although much lower than the Agricultural Bank of asset size, but on the capital market, this is a monster banks hungry for market share of funding has caused tremendous financial pressure on short-term investors need to be cautious.
Securities Institute of Great Britain and Lida Xiao believes that the listing of Everbright Bank study the impact of the market, to observe the market to attract foreign capital market financing rate of speed and ability to strike a balance, China Everbright Bank's listing should be enough to trigger a new round of fall, the market the bottom of the proven, pre-short position of absolute dominance that unilateral market will not reproduce, follow-up will enter the shock pattern of long and short contention.
Do not count on it to play new on August 2, China Everbright Bank began their first road show in Shenzhen. CICC in its report to the pricing of China Everbright Bank in 3.5 per -4 yuan. China Merchants Securities believes that China Everbright Bank to 2.65-3.02 dollars a reasonable price range.
Everbright Bank of Me and the new play it? Business analyst at Industrial Securities in Wuhan ZHOU Jing Yuan said, most difficult to lose money to make money is also difficult to copy the experience of playing the new ABC, investors do not have unrealistic expectations.
Industrial and Commercial Bank of China branch in Enshi strengthen the work of public deposits
ICBC branch in strengthening the forward-looking thinking in Enshi, and enhance active adaptability; opportunities to further strengthen the awareness and market awareness, the line departments must conscientiously sum up the work of the first half of the analysis, control systems, with the progress of industry and task to find the gap, to find a cause to six measures of the public deposits clear objectives, strong third quarter and full year to complete all tasks.
First, strengthen the goals, the responsibility to implement. ICBC branch in Hubei Province, issued by the Bank on public deposits incremental one billion yuan, is also planned for the rigid target to complete the letter, as of the date of the public deposits increased 434.49 million yuan over the beginning, this corporate customer centers to refine measures to quarterly to decompose the task into the line of the second half of the network, signed their target responsibility to complete the well to incentives, falling behind to work together to catch up on schedule.
Second, strengthen the incentives, the configuration cost. Provincial branches of the public deposits has been kept stable configuration costs associated with deposit growth, we must actively seek, on the stock of public deposits, maintenance costs to the Department of Finance and departments to measure network to ensure the momentum of public deposits in the work of organizations.
Third, strengthen marketing, lock focus. Branches requires special class of public deposits in the establishment of marketing, corporate customer centers are focused on return-line credit account payment, cash settlement of the Department are mainly financial, military, oil customer of poverty, more than 5 million yuan each line of the existing account management account manager every month to visit to understand customer needs, improve maintenance and marketing. President, in charge of President to personally keep an eye large, dug his line of high-quality customers, on the development zones, investment customer focus.
Fourth, strengthen compliance, personnel security. Full implementation of the corporate network client compliance projects, increase public deposits account manager target assessment, should the cost to the network resources to the special classes.
Fifth, strengthen the examination and increase accountability. Branch of the existing approach to revising and improving the accountability, continue to increase the accountability efforts, city and county lines, a city agency, second in command should be linked with performance accountability, pull through 2 consecutive quarters of top ranking last fall assessment line leadership in positions on the economic treatment of the accountability measures must be implemented; addition of the public deposits with the Bank leading performance-related, and law-off centers, individual performance-related financial department, dot top leaders, law off center, a payment linked to performance of the Department of 30% of wages, deputy in charge of network linked to 60%.
Sixth, strengthen the mechanism, do a good job team. Account manager with the end of the third quarter, according to regulations in place, there is no line account manager as soon as possible by the Human Resources Department is responsible for filled and fuck centers, small business centers can be part-time customer marketing manager, on the organ department staff to supernumerary added to the client management team.
First, strengthen the goals, the responsibility to implement. ICBC branch in Hubei Province, issued by the Bank on public deposits incremental one billion yuan, is also planned for the rigid target to complete the letter, as of the date of the public deposits increased 434.49 million yuan over the beginning, this corporate customer centers to refine measures to quarterly to decompose the task into the line of the second half of the network, signed their target responsibility to complete the well to incentives, falling behind to work together to catch up on schedule.
Second, strengthen the incentives, the configuration cost. Provincial branches of the public deposits has been kept stable configuration costs associated with deposit growth, we must actively seek, on the stock of public deposits, maintenance costs to the Department of Finance and departments to measure network to ensure the momentum of public deposits in the work of organizations.
Third, strengthen marketing, lock focus. Branches requires special class of public deposits in the establishment of marketing, corporate customer centers are focused on return-line credit account payment, cash settlement of the Department are mainly financial, military, oil customer of poverty, more than 5 million yuan each line of the existing account management account manager every month to visit to understand customer needs, improve maintenance and marketing. President, in charge of President to personally keep an eye large, dug his line of high-quality customers, on the development zones, investment customer focus.
Fourth, strengthen compliance, personnel security. Full implementation of the corporate network client compliance projects, increase public deposits account manager target assessment, should the cost to the network resources to the special classes.
Fifth, strengthen the examination and increase accountability. Branch of the existing approach to revising and improving the accountability, continue to increase the accountability efforts, city and county lines, a city agency, second in command should be linked with performance accountability, pull through 2 consecutive quarters of top ranking last fall assessment line leadership in positions on the economic treatment of the accountability measures must be implemented; addition of the public deposits with the Bank leading performance-related, and law-off centers, individual performance-related financial department, dot top leaders, law off center, a payment linked to performance of the Department of 30% of wages, deputy in charge of network linked to 60%.
Sixth, strengthen the mechanism, do a good job team. Account manager with the end of the third quarter, according to regulations in place, there is no line account manager as soon as possible by the Human Resources Department is responsible for filled and fuck centers, small business centers can be part-time customer marketing manager, on the organ department staff to supernumerary added to the client management team.
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