2010年8月14日星期六

Reduction by the shareholders of the companies

Gujing Distillery (000 596 200 596), said shareholders of Anhui Gujing Gujing Distillery Group Co., Ltd. on August 10 to August 12 to large holdings of company shares trading 440 million shares, representing the company's total capital ratio of 1.8723 %. After this reduction, Anhui Gujing Group Co., Ltd. still holds shares 13930.20 million, representing the company's total capital ratio of 59.277%.

Tibet's development (000,752) (000,752), said shareholders of the Tibet Autonomous Region of Tibet's development of state-owned asset management companies on November 11, 2009 ~ August 12, 2010 auction by way of reduction of concentration of 270.1916 million shares, accounting The total capital ratio was 1.02%. The reduction of state-owned asset management companies after the Tibet Autonomous Region, still hold shares of the Company 4,624.3684 million shares, representing the company's total capital ratio of 17.54%.

Through the Portuguese stock (600,365) (600,365), said, Tonghua Wine Co. on August 13, 2010 received the second largest shareholder of Tonghua Dongbao (600 867) Pharmaceutical Co., Ltd. informed its August 10, 2010 Shanghai Stock Exchange trading system through the reduction of the company selling unrestricted shares outstanding 1,305,926 shares, representing 0.93% of total shares; still holds 6,199,074 shares of company shares, representing 4.43% of total shares.

2010年8月11日星期三

Future development is inseparable from the financial services

Prior to that, there is no product supply orders, has been plagued Yunnan Juli Group. But as the group production lines 35KV cross-linking the work of reconstruction and extension project started, this was expected to ease the problem.

"Now, I am worried about the future of corporate financial support to go out." Yunnan Juli new chairman of the Kingdom, said recent interview.

Juli Group by the development plan, Southeast Asia, South Asia and other markets, will be the focus of the group one of the objects. It is reported that since 1998, after successfully exported to Southeast Asian countries, the Group has undertaken the enormous power that Myanmar pyinmadaw electrical construction projects, and 90% of Myanmar cable provided by the group. Laos has more than four million dollars per year cable orders, while in Vietnam, Cambodia, Thailand and other Southeast Asian countries are rapidly expanding the business open to, and established a good reputation and word of mouth, increased momentum in sales order soon.

Therefore, the new Kingdom of the worry is not unreasonable.

"Now our foreign trade, mostly in dollars for the settlement, there is a big exchange rate risks. Particularly between 2004-2006, in order to avoid risks, Juli almost stopped outside the Group's sales."

Kingdom noted that the new cross-border settlement of the yuan in Yunnan, is a good thing. For now, what kind of enterprises will bring the impact of poor forecasting. His analysis, we Burma, Laos and other Southeast Asian trade, are performing in accordance with international trade rules, the U.S. dollar clearing. If the current use of renminbi in foreign transactions, you can guess mostly, and some small businesses do business, because they believe the RMB.

Interview, many companies are in favor of this view. They believe that the RMB to open a red cross-border settlement of the situation, the first Chinese-funded banks to large-scale, multi-distribution outlets overseas; Second, we must provide more suitable and cross-border trade in financial services companies, and even "tailor- made to order. "

New Kingdom that the company can not develop without the support of financial institutions, particularly those to be ready to go, "Chuang world" business, it is necessary as the strong backing of financial institutions.

Is noteworthy that, at present, the RMB settlement of the related cross-border system is gradually improving and supporting the financial business innovation have gradually developed. In this regard, the new kingdom that, no matter at what stage of cross-border renminbi settlement, business will have a lot of demand for financial services, all categories of financial institutions services, service quality and service in the international market made a high demand. Because this is the strong point of the future development of enterprises.

China's "overtly" yen? (Country Gold Commentary)

Japanese government bonds while ago has been sold poorly, so I thought in the promotional ads on the move, saying "investment bonds men is reliable." But now, Japan's views on the sentence ad more complex, because they suddenly realized that sometimes investment bonds "men" are not reliable.

Japan's Finance Ministry recently released figures show China in June this year, holdings of Japanese government bonds continued, and in size over 1-4 months of this year and, after the previous May. At the same time, the first half of the total holdings of Japanese government bonds break 1.7 trillion yen, a record.

Holdings of such a large scale and sustained yen, observers habitually attributed the diversification of China's foreign exchange investment strategies. But the dollar unsafe, the Japanese yen 2.45 trillion U.S. dollars foreign exchange reserves of China's new direction?

Clearly not. First of all, Japan is actually the number of the sense of "national bankruptcy." According to the International Monetary Fund (IMF), the latest data showed Japan's gross public debt accounts for 229% of its GDP, ranked first in the developed countries. In contrast, some time ago the outbreak of the Greek sovereign debt crisis, its public debt-GDP ratio of only 113%. The reason why the international rating agencies often "let off" the yen because the Japanese Jiu Cheng Yen bonds held by domestic private sector, foreign capital holdings do not exceed 4.6%.

Second, government bonds, compared with the United States, Japan, the lowest yield on government bonds. For example, the U.S. 10-year bond yields over 3% now, while the 10-year Japanese government bonds yield only about 1.1%, while the Japanese bond market, the liquidity of the secondary to be much less.

Therefore, risk considerations, whether or preservation needs, the yen is not a strategic transformation of China's foreign exchange direction. Total 1.7 trillion yen of government bonds, according to current exchange rate calculation less than 200 billion dollars, compared to 800 billion U.S. dollars of U.S. treasury bond investment, can not compare, at most only a symbol.

But such high-profile intervention yen, the plan for that? The recent sharp appreciation of the yen may disclose certain information. Data show that the yen this year in May embarked on a continuous appreciation of the way, two months against the U.S. dollar from 95 points down to recent lows near 85, advancing to the highest point in 15 years, has appreciated more than 10% of the total significantly more than the euro, sterling and other major non-US currencies, which indicates that the last two months from the large Chinese holdings of yen bonds gained a lot of money the action proceeds.

But only for revenue purposes? In fact, a lot of buying in Japan on the Chinese mentality of debt is also very subtle. On the one hand there is the Japanese bond stress, the economic downturn, the problem of population aging, Japan's national debt to absorb the space is limited, so buy the Chinese this time to ease pressure on the Japanese capital. On the other hand, Japan also remain vigilant. The voice of the mainstream in Japan that the Government should not over-encourage overseas investors to buy Japanese government bonds, because once a large number of Japanese government bonds held by foreign investors suddenly selling Japanese government bonds, will affect the stability of the Japanese economy.

In addition to financial security concerns, there are trade costs on the "fuss." China and Japan are typical export-oriented economy, as foreign exchange reserves, a large number of configuration yen assets, will boost the yen strengthened to some extent undermine the competitiveness of Japanese goods. More subtly, taking into account Japan's trade surplus in China's power status, and China's traditional export strengths in Japan - mechanical and electrical products, strong growth, not difficult to understand Japan's concerns.

ABC resort to "trench warfare"

Yesterday, the ABC share price has been around the previous day's closing price of 2.69 yuan to fluctuate, and the fluctuation range of only between 2.70 to 2.68 yuan. Day trading volume 4,681,200 ABC hand, turnover was 1.259 billion yuan.

View from the disk, the Agricultural Bank in the accumulation of a large number of pay 2.6 yuan. Analysts said that with the broader market turmoil intensified, the Agricultural Bank of the selling pressure is also growing, but the selling pressure is relatively speaking, a strong "green shoe" under the protection of the Agricultural Bank of A share issue price below the short term may is small, range-bound around the issue price will increase. But from August 16 "Green Shoe" to protect the end, only 3 days, although the research on the trend of the second half of the banks are more optimistic, but in the "green shoe" invalid, the trend of the market very carefully ABC .

In fact, ABC's "trench warfare" has been going on for some time, on August 9, Agricultural Bank of China A share in the block trading platform, and the day's closing price of 2.69 yuan to the price of the 51.35 million shares traded. Exchange of information display, buy side is the North Third Ring Road, Beijing CITIC Securities sales department, selling side is the National League East before the securities business department of Wuxi. It is understood that the two sales department are more active in hot money seats.

Although the Agricultural Bank of China A share block trades appeared the first time, but H shares has suffered several strategic investors to sell. The information from the Hong Kong Stock Exchange, including the Agricultural Bank of underwriters, including Morgan Stanley and Goldman Sachs and other investment banks, one after another over the recent reduction of 3.4 Hong Kong dollars, but still maintain control of a large number of institutional investors chips situation. According to WIND IT show, as of August 10 to 5 trading days, the ABC flows Liang Jun was negative.

Zhu Yan, CITIC Securities Banking researcher believes that the banking sector pessimism has gradually eased, the central valuation is also expected to rise 20%. At the same time, the banking industry annual profits may rise 8% -15% of space is expected to usher in the banking sector rebounded from the valuation of the performance up to "double up" market.

Therefore, the focus of the 13 banks, mostly to overweight rating on CITIC Securities, a small part of the rating given to a buy, but in ABC's ratings bar, CITIC Securities is marked "no."

Monthly credit "soft landing"

August 11, the PBC released "in July financial statistics report" shows that in July new loans to 532.8 billion yuan RMB, an increase of 163.7 billion yuan, from the previous month (in June reached 603 billion yuan of new loans) decreased by 12%. The amount was slightly lower than market expectations.

Market forecast in July after new loans ranges from 500 to 700 billion yuan, the general predictive value of 600 billion yuan or so, basically the same in June of 603.4 billion yuan. M2 of the prediction interval in the 17.9 to 19.2%, 18.5% median forecast. A bank industry to "International Finance News" reporter laments: "I never thought in July forecast of new loans will be hanging in the next interval along, we believe that in July the original credit would be more relaxed."

Political commissar of the Industrial Bank senior economist Lu told, "International Finance News" interview, said: "The current supply of credit relative to economic demand, seemed tight, some businesses this may cause future problems in the financial chain. "He said new loans in July is not over, and the M2 and M1 growth over the previous year also, a very significant decrease in the micro-economy cooling of demand for capital, which on the other hand there is obvious evidence of an economic slowdown trend.

Bank of Communications, Center for Financial Research, Dr E Yongjian analysis, steady decline in July new loans and window guidance to regulators, government financing platform and real estate loan demand related to the decrease of class. New month loans fell from more substantive point of view, the real economy down the overall credit demand.

Some analysts believe that in order to launch pre-intensive situation judged, 8-9 The credit limit or fell below the level of 500 billion yuan. Thus the second half of 3 trillion yuan, 7.5 trillion yuan to complete the year the credit is not difficult to achieve goals. "Stable amount of credit to ease inflationary pressures, but also ensure that the regional economy, emerging industries, and other economic incentives point the funds required. Of course, M1, M2 money supply growth will continue down the chain."

However, Zuo Xiaolei, chief economist at Galaxy Securities are reminded that in many banks and businesses do not last very much from the state of monetary policy in the feet and, in fact, the theme of this year's monetary policy is to return to normal, moderate liberal, is different from Last year, it should not be alarmist claims that the current credit tightening.

Lu political commissar also forecast that the credit volume and tempo will not change. Although the CPI is likely to continue to new highs, but the years may no longer raise interest rates; statutory deposit reserve ratio adjustments in the direction of uncertainty, if the strength of international capital flows have not changed, turn of the year does not rule out the possibility of lower reserve ratio ; in high surplus, the exchange rate had continued to appreciate, but is expected to an annualized rate of less than 1.% to 1.5%.

2010年8月10日星期二

To create a financial center of East China

Although the stock market volatile, but this did not hamper the enthusiasm of the financial focus on the development of Nanjing. Nanjing Municipal Government held a press conference yesterday, officially released the "financial sector development on Accelerating the views of Nanjing", the city Development and Reform Commission deputy director Yang Zhongnan at the meeting that this is the first time formally issued a document in Nanjing that "financial Jiang city "strategy, is the first official announcement will result in Nanjing in east China to play an important financial center of the city.

Paid talent is recruited to go to Wall Street

Nanjing Municipal Government, held in the 5th meeting of the city's financial work for the first time to determine the city's "Strong Financial City" development strategy, that the financial industry to become the city's economic development strategic readjustment of the most basic, the most promising direction of development. Recognizing and Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and other cities, the city's financial sector growth is not fast enough, urgent need to increase the pace of capital markets, the municipal government issued a four supporting the implementation of measures, from the finance, policy aspects of the financial industry to promote their development.

Juyangzhongnan introduced, the municipal government will invest 20 million yuan every year to encourage enterprises to enter the capital market financing, reduce the financing costs of SMEs; to 2010, the municipal government 30 million yuan each year the financial arrangements for special funds to support them credit guarantee institutions , and the establishment of compensation mechanisms can eventually make more credit guarantee for SMEs to obtain loans from banks; the same time, the city will invest 200 million yuan, by way of equity participation and financing guarantees and other venture capital firms to support the establishment and development, decentralization of its investment risk, or even directly through equity participation targets directly to their venture to invest 1 billion yuan plan Zhengqu guide the flow of Chuang Ye Yi Shang's social capital investment in the field.

To create a financial center, support is also an important part. Yang Zhongnan said the city will strive to play in Hexi CBD caused significant financial agglomeration, the city will invest for 6 years, 50 million yuan each year to assist their development, through financial institutions, business executives and other incentives to attract banks , securities, insurance and other institutions stationed in Hexi.

Yang Zhongnan also revealed that the city plans to Wall Street and other places recruiting financial professionals, especially Chinese, to its treatment of not less than abroad.

Should be defined as "Regional Science and Education Center"

Jiangsu Province, last year proposed the "financial province" strategy has always been to become a regional financial center for the city of Nanjing on the advantage of the opportunity presented within the city should become the region's "strong financial market."

But Yang Zhongnan also admitted that the face of an important regional financial center in East China's development positioning, Nanjing also suffering from doubt, the biggest reason is 300 km from Shanghai, has been basically established domestic financial center, is the direction to the international financial center , while the Yangtze River Delta, Hangzhou is also actively building the south wing of the regional financial center.

"Exclusive financial center building does not exist." Yang Zhongnan said that from the economic development of countries in the world financial center and the formation of general laws, economic powerful country has several different levels of economic centers, such as the United States have an international financial center, New York , there are regional financial center in Chicago, Los Angeles. "Shanghai is the face of Tokyo, Seoul, Singapore, Hong Kong's competitive international financial center, and Nanjing's position is regional, can Cheng Shi for the peripheral to provide effective financial support, in a regional context and Shanghai in the complementary win-win situation. "Yang Zhongnan think.

Currently the existing 28 banks in Nanjing in five foreign banks, as well as five foreign banks are seeking to settle rather, of which the Philippine capital of banks is to adjust its headquarters from Shanghai to set up in Nanjing, Nanjing, this gives a great confidence.

However, urban construction and development of Nanjing Construction Committee of Senior Economist Lu Yulong is that cities are Nanjing-Hangzhou into a financial center is not necessary idea. "Since it is a center, at least you are in the region in first place, Nanjing-Hangzhou and Shanghai cities can not compete." Luyu Long said that this does not mean that cities do not have the financial capabilities of Nanjing-Hangzhou, it should be properly aware of their position to undermine the original advantage of the "Nanjing can use its scientific and educational advantages, will create a regional science center."

Towards regional financial center

Well-known financial institution set up stalls, hundreds of financial products can be read, the number of field professional financial management seminars to listen to ... ... the second three-day Money Expo in Hangzhou in Zhejiang World Trade Center. In addition to a financial feast is served, the Chinese Academy of Social Sciences Finance and Trade Economics, Central University of Finance and Financial Leading Group Office in Hangzhou has also launched a "financial services sub-provincial city development evaluation system", by the order that the results, Hangzhou ranked sub-provincial cities in the country overall level of development of financial services third.

Three steps toward regional financial center in Hangzhou

Assessment by the Chinese Academy of Sciences and other units, Hangzhou in the financial scale, financial structure and financial environment has obvious advantages. Sub-provincial city in the overall level of development of financial services ranking, Hangzhou, ranked first tier, second only to Shenzhen, Guangzhou, ranked third. The second tier includes five cities, namely, Ningbo, Wuhan, Jinan, Chengdu and Nanjing.

Hangzhou relevant person in charge of financial office that has become a financial center in Hangzhou basic conditions, the regional financial center services targeting small and medium enterprises in Hangzhou. Create a regional financial center is a systemic financial engineering, on the future of this goal will be three steps in Hangzhou. The first step, by 2010, consolidating the establishment of the Yangtze River Delta, South Wing, the basic conditions for a financial center, that is, in Qianjiang create a type of subject; the second step, to form a regional financial center by 2015, the basic outline; final, 2020 , Hangzhou pattern of regional financial center in the national competitions, more clear, comprehensive and influential in the country into the Yangtze River Delta, South Wing, financial center.

It is reported that Hangzhou this year there are five listed companies, in addition to five companies have submitted material in the queue, in addition, there are 28 listed companies are preparing application materials. And Hangzhou, the total amount of financial deposit and loan fifth in the country, has built into the Yangtze River Delta, South Wing, the strength of the financial center; the same time, the financial office in Hangzhou has been the country's 13 cities with sub-provincial city signed a strategic cooperation agreement Financial, which also build a national financial platform Hangzhou basis.

According to another report, at present, relevant departments are developing "regional financial center in Hangzhou construction planning", the financial core district of Hangzhou Qianjiang New regional financial center and business the main platform for the financial high ground, in the future, the block will be the southern wing of Yangtze River Delta region the accumulation of financial capital, the allocation to and divergent manner.

Enterprises to facilitate the public are entitled to a financial center

At the show, banking, insurance, securities, funds, futures, foreign finance, integrated finance, venture capital, art and gold collection of various financial institutions to gather together and so on, each bank has also come to visit the exhibition for the launch customers of the financial consulting and service activities.

To introduce the public to Hangzhou gold investment, the bank deliberately copied the sections of the "ideal money" in-kind style, and sent a professional analyst and financial planner sits gold, gold investment advice to the public; stationed in Hangzhou, near the Bohai Bank launched the on-site processing personalized debit card business, as long as the relevant forms completed and submitted to a most satisfying their own photos, you can move to their own good and shadow debit card. Bank of Communications has also launched a cross-line credit card processing site to send small gifts and other activities.

The investment and financing problems for SMEs, Tyrone Banks set up Hangzhou branch of service stand for small and medium enterprises, SME owners and individual businesses to more quickly introduce micro-loans and other products. In addition to foreign-funded banks to enter the market, foreign banks are in Hangzhou Financial Expo to show the heroic, Hang Seng Bank, Bank of East Asia and other foreign banks, financial planner sent a strong lineup, we present good financial products, but also to the international community Jieshuo concept. September 19 to 21, the organizing committee specially set up various professional forums, invited well-known experts in Ho Wan earnings of men and other people over to help in Hangzhou.

Innovative Financial Ecology

May 20, an "eco-city in China Finance," medals, hanging into the country municipal meeting room. Piece of medals in the "2009 China Financial (expert) Annual Meeting" on access to, and honor our province's counties (cities, districts) only two.

In 2002, the country set up financial market leading group responsible for promoting the city's financial work. In 2006, the city took the lead in the country set up a "financial service center", as the Government Financial Work Leading Group established offices to local SMEs and financial institutions with information Gedi docking services. Last year, the center part of the business combination of large inventory and inventory management features easy to realize, to strengthen banks outside the city dock, Samsung makes the country Copper Co., Ltd. Hangzhou Binjiang issued to secure the deep branch of the 14.5 million yuan stock as security for loans. Earlier this year, the center learned that 53 enterprises working capital needs 280 million yuan, 69 enterprises needs 330 million yuan funds for technological renovation, the financing needs of these information quickly and to communicate the commercial banks. At present, 49 enterprises and granting loans, 250 million yuan. In addition, the Jiangshan often invite financial experts, economic and financial situation analysis held talks, investment and financing projects through the annual promotion will further optimize the local projects and financial institutions, financial resources docking configuration. Since 2005, has organized Promotion 5, total of 340 contracted projects, the amount of 18.789 billion yuan contract, effectively alleviate the financial needs of industrial economic development.

Give full play to ensure stability of the financial sector emphasized the role of promoting active and innovative financial products and service mechanism. Branch of China Construction Bank country operations center set up small and medium enterprises, to improve processing efficiency, will be 20 million yuan less than the loan processing time, an average of 7 days from the original cut to 2 days; Industrial and Commercial Bank of China branch strengthen the country's credit services to small businesses, launched the "Network loan-to-pass ", the domestic trade finance products, the new settlement business network, has more than 200 business enterprises in their online banking, online Nian settled transactions volume more than 10 billion yuan; Agricultural Bank country more than 60 branches this year to visit companies, new business credit relations 16, the credit amount of up to 110 million yuan. According to reports, in January -4 months, Jiangshan 1.84 billion yuan of new loans, which Jiucheng more toward small and medium enterprises, boosting the company's confidence in overcoming difficulties crucial. In the first 4 months, Jiangshan scale industrial output value reached 4.62 billion yuan, up 9.5%.

Financial innovation to promote financial ecological environment. In the first 4 months, country deposits, loans were 14.116 billion yuan and 11.41 billion yuan, up 30.98 percent year on year respectively, and 30.25 percent, ranking the Quzhou county (city, district) first; financial institutions, non-performing loans and bad Loan rates continue to "double down" the good momentum of non-performing loan rate was 1.51%, compared with 0.53 percent in early fall.

Innovative financial marketing model

Recently, Ledu County financial institutions to change the management ideas, innovative marketing model, and tap new credit growth point to actively support promising farmer specialized cooperative economic organizations, to support green Nong Ye, Brand agricultural development, agricultural structure adjustment, Bangzhu agriculture, increasing farmers income, break the "three rural" development bottleneck, the formation of financial and "Rural" co-development of the ideas and concepts.

Up to now, total loans of financial institutions in Ledu County, 27 million yuan, of which agricultural development banks to the two rural cooperative economic organizations and six individuals made of Ledu County agriculture shares registered limited liability company for the purchase and sale of agricultural products has 3 million Loan. Rural credit cooperatives to grind Bo Zhendong Village Pig Association to support the loans total more than 1,600 million, accumulated to high store garlic Association, more than 800 million loans. In strong support of financial institutions, Ledu County has set up farming, breeding, nursery stock, vegetables, flowers, brokers and other kinds of specialized cooperative organizations of farmers 50 to attract more than 8,000 members, radiation 15 towns, 281 administrative villages, driving farmers more than 20,000 households, productive and business scope expanded to farming, vegetables, fruit, nursery stock and other leading industries in the rural economic and social development played an important role in effectively promoting the agricultural structure adjustment and advancing the agricultural industry, market, increase farmers income.

2010年8月8日星期日

Yu Taiwan, Taiwan's financial industry the financial elite forum hope rooted in Chongqing

Core Tip: This afternoon, as the "Eighth World Chinese Insurance Conference," an important part of the "elite cross-strait financial exchanges will be" held in Jiefangbei. Anticipation of Chongqing Mayor attended the meeting, from Taiwan's financial elite to the details of the financial business with Chongqing Development Plan.

DragonSoft at 6:50 p.m. on the August 7 hearing (digital reporter Dan Chen, Rui Xiong interns think) this afternoon, as the "Eighth World Chinese Insurance Conference," an important part of the "elite cross-strait financial exchanges" in Jiefangbei meeting. Anticipation of Chongqing Mayor attended the meeting, from Taiwan's financial elite to the details of the financial business with Chongqing Development Plan.

Anticipation that the financial system in Chongqing, including banking, securities, insurance, financial services mainstream, non-bank financial institutions, the various elements of market exchange, clearing house, financial security system, and five levels. Construction of inland Chongqing, the financial center, the work plan is to focus on promoting the development of the five dimensions.

Anticipation that a good financial ecosystem in Chongqing. Chongqing bank assets, including deposits, assets and loan assets, growth rates higher than the national average, making Chongqing loans, financial assets developed quite rapidly. Meanwhile, the Chongqing bank profits grew rapidly.

Vice President of Banking and Finance from Taiwan, said Chen Tailong recent years, many Taiwan businessmen invested in Chongqing. Industry supports the financial industry, the financial industry is the lifeblood. Taiwan's financial industry can look forward to Chongqing, Chongqing, Taiwan capital finance to take root. Cross-strait cooperation in high-quality talent, coupled with a high degree of wisdom, show a kind of self-confidence, future cross-strait financial industry, can certainly lead the world.