Tuesday, December 21, 2010

China Construction Bank for the financing completed during the year A + H will consider the market reaction

 Yesterday, the China Construction Bank chairman Guo Shuqing, the Bank semi-annual results briefing that the placement of the line A + H program has been submitted to the Commission and is awaiting approval, for placement financing completed during the year. He said, as of now, the local government CCB Bad loans financing platform was only 0.11%.
allotment will be considered based on market response
CCB April 30 announcement, the bank intends to 0.7 shares per 10 shares with the ratio of the two cities at the same time allotment A + H financing for additional capital, the total financing of the maximum not more than 75 billion yuan.
Guo Shuqing said yesterday that the China Construction Bank for placement financing completed during the year, the specific placement financing plan will be implemented should also note that the time window, the market for refinancing minimal impact. He stressed that the present situation, refinancing CCB little effect on the A shares, a greater impact on the H shares. In addition, he also said that CCB will choose the issue of subordinated debt, and through internal capital accumulation, optimize the asset structure, reduction of capital takes.
he said, the CCB has been temporarily suspended to the third set and housing loans.
silver negative impact the new regulations do not believe
Recently, the CBRC issued the letter of silver financial products the new regulations, requiring commercial banks to off-balance sheet loans this year and into the table, provision is made in accordance with regulations and capital. In this regard, Deputy General Manager Recovery Techniques Construction Bank, said the new regulations will not CCB revenue in a big impact.
Recovery Techniques said that the current bank letter of cooperation CCB total of about 180 billion financial products this year and next due 1,200 billion, accounting for about 67%. silver letters cooperative financial products Fee income in the bank the income share is not large; the same time, after the release of new regulations, CCB will also develop some new products to make up for the loss of the short term. In addition, the next two years, 67% silver letter will be co-financing products digest is completed. %
areas of concern for the social platform for government financing loans, Guo Shuqing, said in the first half, China Construction Bank financing platform for the local government reduced the loan balance of 68.5 billion, loans of about the current platform of 500 to 600 billion yuan, of which 67.7% is pledge, mortgage and guarantee loans, credit loans is only about 23%. As of now, the local government financing platform CCB bad loans was only 0.11%, about 6 billion yuan of bad loans.
Recovery Techniques that CCB 6 end has been fully completed according to China Banking Regulatory Commission requires self-examination and clearance, 7 and the end of the results reported to the China Banking Regulatory Commission recognized. He said the bank platform, the proportion of loans low interest loans, loans regardless of the platform the second half of the measures introduced, CCB has enough to grasp the control risk.
Guo Shuqing, the second half of the credit also answered questions tempo. He said new loans this year, according to a unified regulatory agency requirements, according to plan is to put 60% of total new loans, the actual situation is basically similar with a program. So the second half of the line of credit is 40% of the year, certainly less than the amount of the first half.
stock market risk into caution buyers to be own city above information is for reference only basis
market at your own risk

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