China's banking sector with the Chinese stock market takes off

 China's banking sector with the Chinese stock market takes off
mm Chinese banking to become the world leader?
Wuhan University of Technology Director of Finance and Securities Research Institute, New Tang (Professor)
author's note: According to international media recently reported that in 2007 Top end of market value, China's three state-owned listed banks (ICBC, CCB, Bank of China) are among the global banking in the world and top; Construction Bank and Bank of China in second and fourth. The world famous mm HSBC, Citibank and Bank of America were relegated to third,UGG boots clearance, fifth and sixth. This is the banking industry to take off, it is China's stock market off! the same time, this is the China Securities Industry and the China Banking to mutual benefit, win-win important reflection.
However, market value is only representative of a large shell, and we need inherent strong, that strong international competitiveness and sustainable development of the banking industry. We look forward to the China Banking China's securities industry through a strong driving force will eventually become the world's strongest and best.
ten years ago, China's banking sector began to enter a period the most difficult, most difficult days In 1998, along with the hundred years of the Yangtze River and the Songhua River area of flood, the international media began to clamor: China's four state-owned banks (the workers and peasants in the building) technically bankrupt! They estimate that China's rate of non-performing assets of state-owned banks could be as high 30mm50%, although this prediction alarmist, but it caused a high degree of vigilance and the central government enough attention.
this end, the flood of 1998 The most critical moment, the central government began a series of state-owned banks rescue Emergency Campaign:
(1) state-owned banks to add financial capital bonds .1998 August, the Ministry of Finance to the four state-owned banks to issue 270 billion yuan long-term special bonds, then all of the funds raised to supplement the four state-owned bank capital.
(2) bank thin: streamline bodies, massive layoffs .1999 end of four years beginning mm2002 ICBC net decrease of 16.16 million employees; During the same period, the bank sector net decrease of 19,200 numbers. ) Fiscal tax cuts to the state-owned banks. In order to alleviate the pressure on state-owned banks and the overall tax reform, the central banks decided the business tax rate from 8% in 2000, reduced by 1 percentage point per year beginning with 2003 down to 3 years of 5%.
(4) state the full price of money that financial asset management companies, they are Cinda, Orient, Great Wall, Huarong. The four financial asset management companies use the sale, exchange, asset restructuring, debt-equity, asset securitization and other means, are responsible for the full price to buy and deal with China Construction Bank,UGG shoes, Bank of China, Agricultural Bank of China, ICBC's non-performing assets. It should be said, This is the central action to save the four largest state-owned banks and most crucial step.
1999mm2000 of the end of July, four financial asset management companies the basic conclusion of the four major state-owned banks on a one-time non-performing assets to receive work. four financial asset management companies were acquired at the full price of the book the four state-owned banks non-performing loans amounting to about 1.4 trillion yuan.
in the Disposal of the International Forum non-performing loans.
(5) countries through injection of 60 billion U.S. dollars foreign exchange reserves, the introduction of international strategic investors, to promote comprehensive reform of state-owned banks listed.
2004 年 1 6, the State Council has formally announced the $ 45,000,000,000 injection of foreign exchange reserves, the Bank of China and China Construction Bank, the injection in the December 31, 2003 to all designated accounts on the two banks, each received 22.5 billion U.S. dollars. Bank of China's major foreign strategic investors for the RBS China Investments, The stake is currently 8.25%; Construction Bank into a major foreign strategic investors Bank of America, its current stake to 8.19%.
2005 年 4 months, the bank Huijin to inject 15 billion U.S. dollars, the Financial ICBC, the Ministry retains the original capital of 124 billion yuan, ICBC on October 28, 2005 by the overall restructuring of state-owned commercial bank into a limited company. Industrial and Commercial Bank introduced foreign strategic investors as the major Goldman Sachs Group, its stake is currently 4.93 %.
(6) state-owned banks through the H shares and A shares of the two re-IPO financing of large capital.
2005 年 10 27, China Construction Bank H shares traded in the Hong Kong Stock Exchange, H shares of funding for the 715.78 million; September 25, 2007, China Construction Bank A shares traded in Shanghai Stock Exchange, A shares was 57.12 billion yuan fund-raising. two fund-raising more than 120 billion yuan.
2006 年 6 月 1 日Bank of China H shares traded in the Hong Kong Stock Exchange, H shares of financing 867 million; July 5,cheap UGG boots, 2006, Bank of China A shares listed in Shanghai Stock Exchange, A equity financing of 200 billion yuan. two Total fund-raising more than 100 billion yuan.
2006 年 10 27, A + H ICBC way to the mainland and Hong Kong in the same listing. Among them, the issue of A shares of fund-raising 46.64 billion yuan; issued H shares of funding about 125.68 billion yuan. the two together more than 170 billion yuan fund-raising.
That is, workers, the construction of three state-owned banks by H, A shares of the two distribution, public offering more than 400 billion yuan of funds, This is largely improved the financial position of listed state-owned banks and capital adequacy. can be said that today's state-owned banks has shrunk, they not only capital adequacy, non-performing loan ratio control in low and profit margins steadily rise.
At the same time, China's stock market earlier, a national joint-stock commercial banks provide an important market opportunity, and let the number of new joint-stock banks continue to draw power, bigger and stronger. At present,UGG boots cheap, while issued A shares and H shares listed banks include Bank of Communications, China Merchants Bank, CITIC Bank 3; single issue of the A shares listed banks include the Industrial Bank, Minsheng Bank, Huaxia Bank, Shanghai Pudong Development Bank, Shenzhen Development Bank 5.
In addition, the regional city commercial banks also take the Chinese stock market is concentrated market and refinancing (allotment, issuance, convertible bonds, line E), which is not conceivable a few years ago things. To this end, we have to lament: The Chinese stock market the last two years the China's stock market has become a rapidly expanding wish: I hope that the China Banking great cherish this rare historical opportunity, and constantly worked hard, with strength to the world!
(Note: The author Xiapian Bowen mm Please pay attention.)