Central Bank release boot again loose signal credit growth

Posted in Financial News

  Central Bank once again release a gradual easing of policy signals.   In a quarterly meeting of the monetary policy Committee statement, the Central Bank said, “the integrated use of various tools of monetary policy, guide the monetary credit a smooth growth, maintain a reasonable scale of social finance”.   In this regard, some market participants interpreted, this means that the Bank wants guiding commercial banks moderately increase in lending.   After the positive statement of monetary and credit growth, recently appeared in 3 quarter 2010 meeting in the 1.5 years ago, when keynote is moderately loose policies, the Central Bank emphasized that [...]

12 Bank net profit amounted to 841.5 billion per cent of total profit of listed company half

Posted in Financial News

  W IND statistics, as of April 4, the two cities, including 12 listed banks of 1336 listed companies announced the 2011 annual report. Among them, 12 Bank net profit of 841.5 billion yuan, 51.3% per cent of total profits of listed companies, after the removal of 12 listed banks, a listed company does not increase reduced the net profit in 2010.   Net profit comparison   Growth of non-banking companies of 12 listed banks 841.5 billion yuan   W IND statistics show that 1336 listed companies total 2011 for attributable to the shareholders of the parent company’s net income of $ 1.64 trillion, [...]

Built in three major banks announced failure to service fees

Posted in Financial News

  According to the regulator’s requirements, bank service fees itemized lists of the existing compliance fee basis and standard content, before the end of March at the headquarters unified published or printed manuals published on the Web site.   With the advent of time, whether bank charges should be totally open, failing to perform?   -Survey   ”Failing” is very pale   Reporter query 12 sites found in commercial banks, including the China Construction Bank, Bank of China, agricultural Bank of China, most Bank fees on its website are not to be “failing”; Although some banks such as bank service charges are listed, but only [...]

Founder securities intended to be more or less this year profit fell nearly capturing merger

Posted in Financial News

     Founder securities (601,901) covers published their first report after listing. Annual report shows that companies operating income $ 1.709 billion last year, up by 44.65%; implementation of 257 million dollars in net profit attributable to the shareholders of listed companies, up by 79.42%; basic earnings per share of $ 0.0504. Company intends to dispatch is every 10 shares to all shareholders a cash dividend of 0.7 million (including tax), dispatched a total cash dividend of $ 427 million.   During the reporting period, the securities brokerage business is still the main source of founder securities profit and reported founder securities [...]

SFC Deputy Chairman Zhuang Xin: securities industry problems is a lack of innovation

Posted in Financial News

     Zhuang Xin, Vice Chairman of the SFC said a 3rd, with the development and progress of market regulators should pay attention to industry and market growth, proper “subtraction”, market reasonable place should take the initiative to “quit”.   He said that over the past few years has been promoting the reform of shares. Beginning in 2009, new share distribution system reform has step-by-step, enough, depending on the environment and conditions, to see the effect.   According to the official website of the Boao Forum for Asia, Zhuang Xinyi in “the financial crisis and the new challenges of global capital markets,” also [...]

Food security-related events on the Huang Huang IPO is suspected

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     The evening of March 30, Jiangxi province on the Concorde Concorde group Foods Limited (hereinafter referred to as “Huang Huang on”) on the SFC Web site reveal its prospectus. Because the company has food safety problems occur, risks highlighted were questioned and expansion.   Repeatedly into food safety events   Huang Huang mainly on operating table and a cold dish of sauced products development, production and sales of the consumption of fast food. The company intends to visit Shenzhen Stock Exchange, plans to issue 30.98 million shares, raising $ 330.5962 million.   In the prospectus, Huang Huang has time and again stressed [...]

IPO is big enough drop in a quarter and enterprise financing near two-year low

Posted in Financial News

     Yesterday was informed that the investment group released the latest statistics show that the first quarter of 2012, IPO 5th straight quarterly decline in the number of Chinese enterprises, financing hit two-year low recently. According to the report, due to poor financing environment at home and abroad, risk awareness, first quarter of the year, only 66 Chinese enterprises in the world’s capital markets completes IPO, with reduced per cent respectively, 40.5%; $ 39.91 billion total financing, with reduced per cent respectively, 66.8%.   Issued a share average earnings fell to 31.5 times times   Territory, territory of the enterprises in China’s [...]

Concerned about financial system reform to eliminate monopolies will derive a huge system of bonuses

Posted in Financial News

  Premier Wen Jiabao of the State Council recently in Guangxi, Fujian research pointed out that the economic situation, to break the monopoly, and broaden access, creating various forms of ownership system of fair competition, common development environment.   The industry believes that at present, China’s economic increase downward pressure, a series of deep-seated contradictions and problems become even more exposure, especially in speeding up the reform of the economic and financial, institutional mechanisms to address Bank profits, financial issues such as monopolies and State enterprises.   Removing barriers to promote market-oriented reform   Renowned financial commentator Yu Fenghui said when interviewed by this [...]

Banks started “Sun” fee experts proposed service price cap

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  CBRC required, the banking institutions before the end of March to the present rate for full grooming service price check, and released over the Unified Headquarters site or printed manual publishing. In this regard, ICBC, China Construction Bank, Bank of China, agricultural Bank, Bank and postal savings bank officials have indicated, in accordance with the regulatory requirements, service items and charges on bank charges for grooming, and released a new version of the service price list.   Journalist investigation found on April 4, the major bank fee prices directory are placed within the Bank Hall, a number of fees and standards [...]

Vice President of the Commission: China stock indexes are consistent with overall economic performance

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     Vice Chairman of the China Securities Regulatory Commission on Zhuang Xinyi yesterday at the Boao Forum for Asia, said long brewing IPO reform programme’s objective is to seek to a “best Convention”, various factors are taken into account. China shares, stock indices of line with China’s overall economic performance, is the difference between unique and mature market of China stock market overreaction.   Regulators are doing “arithmetic”   For the reform of shares system much attention, Zhuang Xinyi think regulators are “doing a math problem”, to consider how to “elements of the collection are collection”, and “how to collect up to”, [...]

“Wenzhou finance reform” concerned about interest rate marketization should become a breakthrough

Posted in Financial News

  Yesterday, at the Boao Forum for Asia “private finance and the opening up of the banking industry” Forum, “Wenzhou” become a Word with the highest exposure, the State Council approved the establishment of comprehensive financial reform discussion zone in Wenzhou City. Participants agreed that the reform of interest rate marketization should become a financial breakthrough.   Hu: financial reform should not again   Spring capital Chairman Hu at the Boao Forum for Asia, said yesterday, timing of the current financial system is basically ripe for “all at once”, called on the parties concerned not delays reform opportunities.   Hu said, according to the [...]

The Beijing News: breaking the Bank monopoly, now is the best time

Posted in Financial News

  Editorial   Bank of China is in the best period in history, reducing the threshold in the financial sector, despite some risks, also have the ability to take such risks.   April 1 to 3rd, Premier Wen Jiabao to Guangxi, Fujian, and other research, when it comes to corporate financing, he said: “we are too easy for banks to profit. Why? Is the Bank of a few people in a monopoly position, only that it obtained loans until the loan there, else very difficult. We now address the private capital into financial, fundamental terms, is to break the monopoly. Central has unified [...]

400 billion “living water” rush to the rescue shares QFII expanding stable market

Posted in Financial News

     Diario reporter Jia Xiaoming   Bright small holiday, securities and Futures Commission is busy. Following the release of new shares issued after the structural reform programme, yesterday night, and blockbuster news burst out.   China Securities Regulatory Commission and the people’s Bank of China, the foreign exchange announced, new qualified foreign institutional investor (QFII) invest US $ 50 billion, with a total investment of US $ 80 billion and added its qualified foreign institutional investor (RQFII) investment amount of $ 50 billion, amounted to $ 70 billion. Calculated in accordance with new lines, highest total incremental funding will bring a share [...]

Failing to “very obscure” bank fee collection and announced that is reasonable?

Posted in Financial News

  In April, the bank charges once again became the focus of attention. According to the regulator’s request, the banking services of financial institutions to present compliance fees, according to the Government’s price and the market price of each of the two classes comb sort, itemized and shown service name, project, function, fit, such as customers, fee basis and standard content, and before the end of March at the headquarters unified published or printed manuals published on the Web site.   With the advent of time, whether bank charges should be totally open, failing to perform?   Web site cannot check failing “hazy” [...]

Wenzhou Boao about financial reform test zone for small micro-enterprises offer hope

Posted in Financial News

  Open Forum for private finance and banking field. (Source: SINA finance Liang bin’s photo)    According to a report in the news aspect of China, yesterday was the last day of the Boao Forum for Asia Annual Conference 2012, but the sunshine on the private finance and Wenzhou of comprehensive financial reform testing district topic, but still hot.   On that day, in the morning, Boao Forum for Asia held “private finance and the opening up of the banking industry” Forum. Several bank directors and entrepreneurs to initiate a dialogue almost word from Wenzhou, not from private enterprises. Scene that the [...]

Bao Yujun: private capital formation of small banks remaining obstacles

Posted in Financial News

  ”Reading” Boao Asian Forum about how financial reform is concerned, has just approved the establishment of comprehensive financial reform testing district became the focus of focus in Wenzhou.   According to the voice of economic news, the Boao Forum, how to get loans for SMEs is no longer difficult in China, concern for financial reform, and has just approved the establishment of comprehensive financial reform test zone of Wenzhou has become the focus of focus.   Said Bao Yujun, President of the Federation of private enterprises in China, Wenzhou to finance pilot, make small micro-enterprises see hope, but then he said out [...]

Regulator response to banking problems were suspected for the blind is no help

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  According to the voice of the central broadcasting news reports, China has previously reported the sounds of friends when in the banking business for the blind, suffered can’t because there is no sign of business embarrassing situations. Writing-impaired people who are blind can use fingerprints instead of sign? China Banking Regulatory Commission on what is the latest response to the voice of China reported?   Beijing Marvin JI to the Bank out of 2000 blocks of no haste, be patient, because he is a congenital cataracts, vision only light perception, so he went to the Bank that day suffered a series [...]

Six slower earnings fundamentals into the a-share listed companies spell

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     Xinhuanet, Shanghai, April 4-question: 60% slower earnings fundamentals into the a-share listed companies “spell”   A Xinhua reporter Shen Ermo   Latest a-share listed companies annual report data displays, has been disclosed in the annual reports of enterprises over 60% profit per cent growth in 2010 compared to slow or even decline, while the banks alone, many weights in the non-banking sector stocks profits are worrying. Integrated other macroeconomic data, Fundamentals still are the most important factors restricting a-shares rebounded.   Thousands of companies report results: slower than 60%   Under the finance meeting financial statistical analysis platform, as of March 28, there [...]

Ma Guangyuan: break down the banking monopoly in China’s financial reform priorities

Posted in Financial News

  According to the economic report in the company in the world, Chinese Academy of social sciences in economics Ma Guangyuan comments for you, too easy for banks to make money, breaking the monopoly of China’s financial reform a priority.   Ma Guangyuan: April 1 to 3rd, when Premier Wen Jiabao to Fujian, Guangxi, and other research, addressed the issue of corporate finance, he said such remarks, he said we can Bank profits too, for what? Is the Bank of a few people in a monopoly position, only that it obtained the loans until the loan, else very difficult. We now address [...]

Securities fire new deal experts: the Shanghai and Shenzhen stock markets will benefit-MarketWatch

Posted in Financial News

     According to the voice of the press reported the evening peak, two-day weekends and Ching Ming Festival holidays in late March and early April of the Shanghai and Shenzhen stock markets, it seriously take a 5-day holiday. Holidays, SFC published capacity expansion reform of new shares and QFII two blockbuster, after the rest of the Shanghai and Shenzhen stock markets, whether in April is full of vitality?   SFC fire experts said the stock market or to greet the new deal-MarketWatch   Closed for 5 days for the Shanghai and Shenzhen stock markets did not calm. On April 1, the Commission [...]

QFII Fund into the stock market on a-shares has a role in compound interest

Posted in Financial News

     According to the voice of the economic report in the transactions live, jianghai securities Chief Investment Advisor Zhang Naiyi guest trading live, hot comments on the market.   SFC website published a message yesterday, approved by the State Council of China Securities Regulatory Commission and the people’s Bank of China and State administration decided to added QFII investment quota of us $ 50 billion total investment reached US $ 80 billion.   Zhang Naiyi: now see all of the information is basically unanimous, market is that this is a major boon to the a-share market. Mainly from several directions, one in [...]

QFII and RQFII capacity on both the Shanghai and Shenzhen stock market blue elephant to benefit

Posted in Financial News

     Introduction: QFII both expansion and RQFII, QFII expansion more than the current total. On April 4, the economic focus: sharp expansion in offshore funds, on the a-share market is a major positive or “Mo rain”? Shanghai and Shenzhen stock market long-term downturn, and is more likely to provide foreign “bottom-feeders” opportunity?   Hong Beijing on April 4 according to the voice of the economy the Central wide financial review reported, yesterday evening, the SFC official site to publish announcements, announced the approval of the State Council, people’s Bank of China Securities Regulatory Commission, and the Board decided, new qualified foreign [...]

SFC raised foreign institutional investment or short-term stimulus

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     ”Introduction to” securities and significantly raised lines of QFII and RQFII foreign institutional investment, will stimulate the a-share market opened up the pace of the recent downturn?   According to the voice of economic news, the China Securities Regulatory Commission’s commitment to raising foreign institutional investment quotas. Qualified foreign institutional investor (QFII for short) raised its quota of 50 billion dollars, its qualified foreign institutional investor (RQFII for short) amount of increase of 50 billion yuan. Market expects this bullish on a stock market short-term stimulus, long-term, foreign institutional investment capacity is also a important step in the opening of [...]

Tokyo Nikkei stock index fall in early trading point gate

Posted in Financial News

     European stocks dragged down in the previous session, 4th Tokyo Nikkei 225 stock average price index plunge in early trading, fall high point crossing points, or 1. 39%.   3rd published the minutes of the monetary policy meeting of the Federal Reserve, quantitative easing is unlikely in the near future the introduction of new, New York three major stock indexes fell on that day. In addition, the poor euro area macroeconomic data also pressured the market, Europe’s three main stock indexes ended lower. External formation pressure of bad market investor sentiment in Tokyo, resulting in 4th Tokyo Nikkei stock index [...]

QFII system to advance the development of capital markets to provide pensions market experience

Posted in Financial News

     Xinhuanet, Beijing, April 4-question: stable development of QFII system helped push China’s capital markets to provide pensions market experience   Xinhua Tao Junjie Zhao Xiaohui   The China Securities Regulatory Commission announced late 3rd, approved by the State Council, the China Securities Regulatory Commission, people’s Bank of China and the State administration decided a new qualified foreign institutional investor (QFII) investment amount of $ 50 billion. As a relatively mature funds on the capital market operation mechanism, launched the QFII system worked well over the past decade, and enriched the structure of capital market investors, promoting the stable development of the [...]

Stock market reform entered a period of intense media said all the new deal initiatives difficult effects

Posted in Financial News

     As the Commission reform of the April 1 start of the new round of the IPO, stock market new deal reform entered a period of intensive. From the fight against insider trading, to the mandatory dividend policy, and reforming the system of withdrawing, Chairman of the China Securities Regulatory Commission, continuous monitoring tool offering out after he took office, the market regulator’s commitment to market reforms. But is he shouting out “blue chips showed rare investment value”, also has several times publicly promote pensions into the stock market, investors were not buying, previously effective regulatory stance, markets now remain [...]

The China Banking Regulatory Commission President: “internationalisation” is not a fashion

Posted in Financial News

  At the Boao Asia Forum held yesterday, the China Banking Regulatory Commission Chairman Liu mingkang said, “internationalisation” are not simply a fashionable vocabulary, but rather part of the package.   In his view, “its about to play an extremely important role in the world” argument is “very naive”.   China should not be too optimistic   Liu mingkang, the day is in “the debt crisis: recession triggered” remark was made on the Forum. He said, internationalisation is part of the package, including the liberalization of interest rate, exchange rate and capital account liberalization. Without those three things, cannot be effective pricing of the [...]

IPO pricing reference for more reform means industry earnings

Posted in Financial News

     On April 1, the Commission published the guiding opinions on further deepening system reform of new shares issued (draft for soliciting opinions), this means that the reform of the new round of the IPO launch. Concern is that guidance from strengthening information disclosure, adjusting the proportion and placement, enhancing the scope of inquiry on the issue of pricing regulation, implementation of the stock issue starting with increasing the number of new shares of listed companies, intends to take measures to curb high price issue issue of new shares.   Strengthened information disclosure-centric   Since the 2009 IPO since the restart, new [...]

SFC started the IPO multi-pronged reform to improve the pricing mechanism

Posted in Financial News

     According to a report in the news aspect of China, “death of a-shares, my paper made to resemble money and burned as an offering to the dead. “Eve of the Ching ming, when was stopped by traffic police, shareholders, King explains his behavior of paper made to resemble money and burned as an offering to the dead on the highway. He said drove home on his way to facilitate grave-sweepers, learned that his stock fell, immediately stop, for the death of a-shares to burn the money.   Extreme King may not have thought of, two days later, the Securities and [...]

2011 year of four domestic insurance companies net profits of 48.9 billion

Posted in Financial News

  According to the voice of the economy of the world financial news, China life insurance, China ping an, China 4 insurance companies such as Pacific, Xinhua insurance 2011 annual report released a few days ago. Last year (2011) capital market shocks and changes in the domestic life insurance market, four insurance companies $ 48.9 billion 2011 total net profit, slumped last year.

Candidate for Governor of the World Bank: the World Bank should better reflect the rise of developing countries

Posted in Financial News

  World Bank President candidate, Colombia former Finance Minister, José Antonio Ocampo, accepted an exclusive interview with Xinhua News Agency reporter a few days ago. In his view, the development of the World Bank should better reflect the rise of developing countries, more to the aspirations of the developing countries.   United States Colombia University Professor Ocampo, Xinhua said, now the World Bank did not fully reflect the evolution of the world economy. Power relations within the Bank must adjust to reflect the China, India, and Brazil, and South Africa and other emerging economies on the rise.   Ocampo believes that the World [...]

March national futures market shrank by more than 20%

Posted in Financial News

  Yesterday, the size of China Futures Association released the latest futures market transactions statistics, China’s futures market trading volume in March hand, turnover of 11,527,258,000,000 yuan, up down and 23.07%, respectively. National cumulative turnover in futures market in January-March hand, the cumulative turnover of 31,642,312,000,000 yuan, up down and 16.48%, respectively.   Wild futures analyst Yu Heng believes that in March before the National Futures shrink shrink main zce transactions “drag”. Keep per cent in constant-speed growth of the Shanghai Futures Exchange for gold and copper futures deals caused by maintaining high growth. Because the Councils in Europe and complicated and [...]

Standard bank charges need to let go of market competition

Posted in Financial News

  According to the voice of the economy of the world financial news, into April, many banks were placed in the Hall of a service fee prices directory table. Banking supervision departments, hopes to regulate bank charges. However, this objective can be met? How to be fundamentally standard bank charges? Famous financial commentators, experts of Tan an exclusive on this observation.   Tan: this is a temporary Act, which means that our bank before the competition does not let go of it, used the announcement method is a first step, at least approach is much better than before. Charges you did not [...]

2nd basic metals futures prices were mixed on the London Metal Exchange

Posted in Financial News

  The London Metal Exchange (LME) on April 2 between futures prices of base metals, nickel prices rose the most obvious of these, and the greatest decline in zinc.   Chinese official March manufacturing purchasing managers ‘ index (PMI) for 53.1% than by 2.1% last month, indicating that China’s future economic recovery momentum, and optimistic United States manufacturing data to support the price of metals. But on the other hand, poor euro area macroeconomic data, pressured the market.   Copper prices expected to rise this year at Merrill Lynch 6.8% per tonne $. Stimulated by the upbeat manufacturing data, copper prices rose to [...]

Anti-”village banks” alienation to property speculation money tools

Posted in Financial News

  On March 28, the State Council decided to establish a comprehensive financial reform testing district of Wenzhou City. This is a breakthrough and innovation of China’s financial reform, and it is not small, if the test is successful, will provide experience for financial reforms throughout the country. Among them, recommended the establishment of village banks should be regarded as the most innovative, the most important thing is how to run the Bank.   My question is that, through the establishment of village banks are able to address the current financing difficulties of China’s medium and small enterprises and rural issues? If [...]

SFC: added foreign institutional investors to invest $ 50 billion

Posted in Financial News

     Zhongxinwang April 3, according to the official website of the China Securities Regulatory Commission to disclose, upon approval of the State Council, the China Securities Regulatory Commission, people’s Bank of China and the State administration decided a new qualified foreign institutional investor (QFII) invest US $ 50 billion, with a total investment of US $ 80 billion.   It is reported that in 2002, the China Securities Regulatory Commission and the people’s Bank of China jointly issued the interim measures for the administration of securities investment by qualified foreign institutional investors, the qualified foreign institutional investor (hereinafter referred to as [...]

SFC: line of RMB foreign institutional investors added $ 50 billion

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     Zhongxinwang April 3, according to the official website of the China Securities Regulatory Commission to disclose, upon approval of the State Council, increase of 50 billion yuan of qualified foreign institutional investor (RQFII) quotas, allowing pilot institutions denominated a-share ETF products, invest in a-shares index shares and listed on the Hong Kong stock exchange.   It is reported that on December 16, 2011, the China Securities Regulatory Commission, the people’s Bank of China, the State administration of the joint publication of the Fund management company, securities company currency measures on domestic securities investment pilot qualified foreign institutional investors, allowed to [...]

Zhou xiaochuan saying “soft landing” is the policy choice for emerging economies

Posted in Financial News

  New in Boao, April 3 (reporter Wei) on April 3, the branch of the people’s Bank of China Governor Zhou xiaochuan attended the Boao Asia Forum said that a “soft landing” is a policy choice in emerging economies.   Zhou xiaochuan said, emerging economies, including China, the “soft landing” means “to cool its overheating economy, lower inflation rates”, which are also economies in China and a number of other policy objectives.   He then stressed that the countries facing complex situations, to achieve a “soft landing” need to get it on their respective policies.   Zhou xiaochuan said, different economies face different economic [...]

Boao, focus: Yuan from “international currency,” fading

Posted in Financial News

  New in Boao, April 3 questions: currency from “international currency,” fading   New reporter Wei   Within the framework of reform of the international monetary system, with the rising importance of China in the world economy, Yuan from becoming a true “international currency” is fading.   On April 3, the Boao Forum for Asia Annual Conference 2012 “reform the international monetary system: the direction and path” on the branch, DAI Xianglong, President of the China Social Security Fund said, “now is the time to speed up the capital account convertibility”.   DAI Xianglong discussed more than once to internationalise “three-step”, first of all to [...]

Bao Yujun: Wu Ying case keeping “financial monopoly” should open up private lending

Posted in Financial News

    New in Boao, April 3 (Diao Haiyang reporters) “irrational Wu Ying is the root cause of the banking structure, regulation is not in place”, Bao Yujun, President of the Federation of private enterprises in China, 3rd in the Boao Forum for Asia “open private finance and banking industry” Forum believes that SME loans difficult, high interest rates, behind the case of Wu Ying “financial monopoly” component.     Bao Yujun believes that to put an end to this kind of case, financial reform, open private lending.     Zhe Wu Ying in January this year for financing fraud was sentenced to [...]

Tomb yields on bank financing “low key” yields shrink

Posted in Financial News

  We had the clear and bright little holiday, stopped trading in the securities market, stock markets also were closed. It is well known that falls on public holiday, banks will launch holiday version of banking products, such as “38″ China Merchants Bank launches named “‘ she ‘-the silver treasure of credit into gold, financial planning, No. 799″ financial products, Huaxia Bank launched the “zengying enhanced” Financial series “special” women of wealth management.   Turn of the Ching Ming Festival this year just in one or two quarters of a small holiday, according to the situation in previous years, many banks will [...]

New policy As the medicine took effect, the symptoms lessened [vanished]. the reform of new shares issued?

Posted in Financial News

     Long brewing IPO restructuring programme is open to the public for comments. Reform programme seeks to balance the interests of all parties, in response to market concerns, inhibition of high price issue, improve the quality of information disclosure. However, the regulator has given much thought to develop solutions on new share issues As the medicine took effect, the symptoms lessened [vanished]. it is debatable.   SFC made clear, the purpose of the reform is to promote new share prices reflect company values, achieve balanced, healthy primary market and the secondary market. In other words, is to solve the current issue [...]

Retail to rend in weak stock market crash in the second quarter will be sustainable?

Posted in Financial News

     Body differentiation   March events at the end of the shareholders ‘ heart. As the winds blow cold in Beijing in late March and the stock market has a cold. Experience also makes one shudder at the of March 28: day of Shanghai and Shenzhen stock markets plunge, integer huzhi closing below 60-day moving average line and 2,300 points mark, its biggest one-day drop since this year, 104 stocks drop to the two cities. Despite the recent decline in a row, the last trading day before the Ching Ming Festival, huzhi in the vicinity of 2,260 small shocks, while the [...]

Bank service charges appeared on marking clearly increased satisfaction require intensive development

Posted in Financial News

  According to the regulator’s requirement, banks on April 1 for failing to charge for services. Press 1st survey found that new item price list of fees is bound mostly placed in the bank lobby, some fees and standards have been adjusted, but offsite withdrawal item charges, such as higher consumer dissatisfaction. Experts believe that expanded intermediary business, not only by charging implementation, should point expand services and improve the quality to achieve development.   Part of the standard adjustment in bank charges for public services prices   Under Silver prison will January publishing of on treatment banking financial institutions does not specification [...]

Shanxi 70 additional ordinary investors to the capital markets special consultants

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     Reporters learned from the Shanxi securities Bureau, after securities and futures business institutions recommended and Shanxi securities Bureau review, 52 70 investors of Business Department of securities and Futures Bureau of Shanxi securities in was recently hired as “contributing consultants of capital markets”. It is reported that this is Shanxi Securities Commission appointment of ordinary investors to the capital markets for the first time appointed consultants.   It is understood that the 70 special consultants are generated by independent candidates, 60 representatives from the securities industry, 10 officers from the futures industry, maximum 65 years of age, minimum 22 years [...]

Tokyo’s Nikkei index fell 0.59%

Posted in Financial News

     Foreign exchange market Yen higher drag, down 3rd Tokyo Stock market turbulence, the Nikkei 225 stock average price index over a day before 0.59%.   The same day, opened Tokyo foreign exchange market the dollar and the euro fell sharply against the yen, dragged down by this, Tokyo’s Nikkei index lower, automobile, electrical and precision machinery and other heavy selling pressure of the main unit, drive the index down, but a day before stocks up, investor psychology was supported to a certain extent, the Nikkei index remained at the high point above. To close in early trading, the Nikkei stock [...]

New this month by World Bank President Han Rili us candidates

Posted in Financial News

  Us scholars called the BRIC countries should support the African candidate   Korea and Japan announced separately to support United States Jin Yong, Governor of the Bank of candidates nominated, leading to his Korea-American competition add more weight to the post of head of the World Bank.   Korea President Lee Myung-bak announced on 2nd support Jin Yong as head of the World Bank, said Jin Yong would be suitable candidates for the leadership and reform of the World Bank.   Jin Yong and Lee Myung-bak met stance: “Korea get lots of help from the World Bank in the past, I think, in [...]

China Merchants Bank Governor Ma weihua: lenders do not have to become Bank

Posted in Financial News

  According to the voice of the economic report in the transactions live today (3rd) is the last day of the Boao Forum for Asia, held this morning was “private finance and the opening up of the banking industry” seminar on theme.   Private finance topics of popular concern, discussed fervently, experts have expressed their views, was the subject of intense debate. Party is the Governor of the China Merchants Bank Ma weihua, other side is Bao Yujun, President of the Federation of private enterprises.   He said, everyone says their own financial difficulty, but last year (2011) our entire 20% of the [...]

Financial sector opened to private capital participants in Boao calls as soon as possible the new 36 rules

Posted in Financial News

  ”New 36 introduced nearly two years, not very well implemented” and “private investment amounted to less than 20 trillion this year, GDP targets difficult to complete. “Yesterday organised by Boao Forum for Asia on 2012 private Roundtable, speak one of the Chinese Bao Yujun, President of the Federation of private enterprises gain was strongly resonate with.   Number of participating private entrepreneurs and economists, government officials said, monopolies do not private enterprise open areas such as finance, energy, transportation and social undertakings of invisible “glass door”, “Spring”, a lot of crowding out of private enterprise, force private enterprises to manufacturing, real [...]

SFC started a new round of share splitting reform six must reduce the IPO price

Posted in Financial News

     SFC 1st published guidance on further deepening system reform of new shares issued (draft for soliciting opinions), this means that the reform of the new round of the IPO launch.   Guidance on strengthening information disclosure, adjusting the proportion and placement, enhancing the scope of inquiry on the issue of pricing regulation, increase the number of new shares of listed companies, suppressing property speculation, such as new ways, directly at the high price of new shares issue.   According to the guidelines, is the main element of this reform, sound public listed companies issuing stock and trading of basic system, promoting [...]

Nine total profit exceeded 700 million shares last year shangtao Po sales in billions

Posted in Financial News

     Zhongxinwang, April 2 recently released by nine per cent in 2011, gross annual profits exceeding 700 million Yuan, to Taobao 26% as percentage of home appliance brand.   2011 nine companies reported operating profit of 700 million Yuan, 5.199 billion yuan revenues, total profits of $ 714 million, belong to shareholders of $ 501 million in net profit.   In the food and restaurant industry, nine Yang soymilk machine, juicer, keeping total revenues 3.393 billion yuan, per cent of total revenues of 65.26%. Soybean milk machine, juicer, dishes machine regardless of the volume of retail sales still occupy the first position [...]

The 10 ASEAN countries will start “ASEAN banks” for financial development

Posted in Financial News

  New Jakarta, April 2 (reporter Gu Shihong) according to Indonesian media, 2nd report, the 10 ASEAN countries Central Bank recently established a new system, unified financial and loan balances reach certain benchmarks of financial institutions designated as “ASEAN banks”.   This will allow access to the different possible the commercial license, while promoting unity in the financial markets, created laid an important foundation for the ASEAN Economic Community 2015. The new system’s main headquarters is located within the ASEAN region-oriented financial institutions.   Reportedly, as of now, such institutions in States the complicated formalities to obtain commercial licenses, you only need to [...]

Banks new fees to the public why lukewarm

Posted in Financial News

  Bank costs the public really care about very much. The fees regulation, create the appearance of a shield a shortcoming or fault for the Bank.   According to the China Banking Regulatory Commission will notify, on April 1, banks new fees in accordance with the regulations. In this regard, ICBC, China Construction Bank, Bank of China, agricultural Bank, Bank and postal savings bank officials have indicated, in accordance with the regulatory requirements, service items and charges on bank charges for grooming, and released a new version of the service price list, implemented from April 1.   Public views on management of non-standard [...]

Bank fee standard for classification of publicity most first days banks announced does not

Posted in Financial News

  Yesterday, the national banks ushered in the first big test of charge publicity. According to CBRC required, the Bank to be completed by the end of March on the unreasonable charges, does not standardize operation behavior of rectification and reform, and to develop charging price list, the current service charges, fees, and other content published in the Unified Headquarters Web site or printed manuals published, from April 1, will be performed as released the new version of the service price list.   Visited again yesterday, Guangzhou City’s banks “clearly charges” and found that banks do charge for their project “subtraction”, bank [...]

IPO to be third-party risk assessment

Posted in Financial News

     IPO will start a new round of reform. Last night, the Commission published on further deepening reform of new shares issued draft guidance. According to the draft, in order to facilitate new share prices reflect company values, regulatory requirements proposed strengthening the information disclosure of listed companies for the authenticity, accuracy, adequacy or completeness, and made into an independent third party to be comment on the risk of information disclosure of listed companies, provide reference for the medium and small investors at the time of IPO.   The draft intends to cancel the current placing under Network lock of the [...]

“Two barrels of oil” multi-billion dollar oil refinery water there’s no reason the huge losses losses will increase the price

Posted in Financial News

     A few days ago, two single large clamping level Sinopec, PetroChina has announced the 2011 annual report, regarded industrial chain layout although PetroChina a more reasonable overall profit of 133 billion yuan, earned $ 364 million a day, but are loss of 60 billion dollars in oil refining sector, average daily loss of 164 million dollars; and as the nation’s largest refiner Sinopec oil refineries were also losses amounting to $ 34.8 billion last year. Why “two barrels of oil” will appear in the oil refining business billions of huge losses? Is the huge losses that pushed up oil [...]

GAC returned a share clear and Mitsubishi joint venture capital obstacle

Posted in Financial News

     After more than a year of waiting, GAC achieved return on Thursday on a-share dreams, become domestic first A+H listed a large State-controlled auto group. At the same time this also means, GAC and Japan Mitsubishi Motors set up their own 50% shares of joint-venture companies.   Guangzhou Chang Feng delisting   Last Thursday, the GAC opening $ 9.8, advance on near 7% at noon, closed at $ 9.48, or 4.29%. GAC shares the regression, regression shares through Merger Guangzhou Chang Feng in turn,, reorganization of Guangzhou Chang Feng in the back. On August 30, 2010, the GAC privatization denway Motors [...]

Nine shares published annual report “three machines” revenues of 3.4 billion less than Super 60%

Posted in Financial News

     Zhongxinwang April 2, 2011 in winter, Japan adjacent to three major household appliance companies Sony, Panasonic, sharp earnings loss forecasts, European appliances giant Philips posted the largest losses for over 10 years. Nine 31st annual report shows, the company successfully implementing a diversification strategy, get rid of “milk” in which a single product.   Revenue 5.199 billion soybean milk machine, juicer, dishes machine than Super 60%   Nine 2011 annual report, nine companies revenues 5.199 billion yuan, total profits of $ 714 million, belong to shareholders of $ 501 million in net profit.   In the food and restaurant industry, nine Yang [...]

Zeng Gang: Wenzhou sustained relief of financial reform and promote private lending Sun

Posted in Financial News

  Zhongxinwang on March 28, April 2 the State Council approved the implementation of the overall programme of comprehensive financial reform testing district of Wenzhou City in Zhejiang Province, decided to establish the comprehensive financial reform testing district of Wenzhou City. Loan crisis in issues such as legalizing private finance can become parties around the hot topics of financial reform in Wenzhou. Chinese Academy of social sciences, Director of the Research Office of the banks by the Financial Director of the Chinese Academy of social sciences research base of small and medium-sized banks said in interview with Zeng Gang visit zhongxinwang, [...]

Bank charge publicity “blushing” industry sources say offers little

Posted in Financial News

  In accordance with the banking regulation of financial institutions is not timetable for regulating business, banks announced yesterday will have to all fees, implementation of failing. Journalists visited a number of bank branches found on the streets of Guangzhou, most banks have developed a full line of unified standards of service price, known to the public and in bank branches, but the way of publicity varies, some banks in a prominent position to remind the customer, while some banks are on the public “sayings”, publicity contents are not easy to find. Disclosed at this time, many banks select “reduce charges [...]

SFC strike the new deal the IPO “three-high”

Posted in Financial News

     SFC yesterday on further deepening reform of new shares issued guidance (draft for soliciting opinions), this means that the reform of the new round of the IPO launch. Guidance from strengthening information disclosure, adjusting the proportion and placement, enhancing the scope of inquiry on the issue of pricing regulation, increase the number of new shares of listed companies, such as start, directly at the high price of new shares issue.   Retail participation in the inquiry under the network placement   Stressed, should enhance the authenticity of the information disclosure, accuracy, adequacy or completeness of promoting information disclosure-centric issue system build, [...]

New York first-quarter performance, eye-catching rally is expected to continue

Posted in Financial News

     First quarter United States stock market can be described as “arrogant cupola”, the Dow Jones industrial average and the standard and poor’s 500 index rose respectively and 8.14% its best quarterly performance in 14 years, the NASDAQ index soared 18.67%, its best quarterly performance since 1991. Experts predict that for some time, outside the risk against the strong industrial and consumer units of the rally is expected to continue.   Tech champion   First quarter, United States market blue chips performed well in the market. Under the influence of the global economic environment, poor energy, raw material stocks, but their negative [...]

More monetary easing growth intention does not mean that policy shift

Posted in Financial News

  Held a few days ago the Central Bank’s monetary policy Committee meeting pointed out that in the first quarter, to continue to pursue a prudent monetary policy, while guiding the currency steady moderate credit growth. Practitioners say, loose signal unleashed by central banks, monetary but moderately easy does not mean that the policy will turn and in the complex and changeable international situation, inflation pressures are still not aware of a case, macro-policy of tilting Pan does not occur this year.   ”Why no longer emphasized controlling inflation”   The regular meeting on overall judgement of the Bank’s macroeconomic situation is: expected [...]

European insurers An Gu maintained performance stability

Posted in Financial News

  Germany and Europe’s leading insurer ERGO Insurance Group AG published the latest results showed that after experiencing turmoil in capital markets, An Gu FY 2011 performance remains stable, with performance of 349 million euros. Gross premium income rose by 0.7%, a total of EUR 20.3 billion.   The results showed that companies in investment has come under heavy pressure, investment efficiency of 4.1 billion euros (previous year: € 5.2 billion), this result was mainly caused because Greece reduced to a series of government bonds. Overall investment rose slightly by the end of 2011, up to 117 billion euros, € 1 billion [...]

Domestic demand growth pillar concept of consumption or investment “gold”

Posted in Financial News

     With China’s economy entered a critical period of transition, mainstay of the growing domestic demand for economic growth. This also for the capital markets to create a long-term investment hotspots. Investment institutions here believe that consumption concept or will usher in investment “golden period”.   Academy of international trade and economic cooperation recently published consumption market development report points out that the 2012 2012 consumption is expected to be the first economic growth momentum. This means that the “Twelve-Five” plan that “coordination of consumption, investment and export-driven economic growth” will be formed.   Silver Agricole IFAD investment Deputy Director Cao Jianfei [...]

Moody ‘s: size of medium-and long-term foreign debt limit rise to foreign banks in China

Posted in Financial News

  One of the world’s three major rating agencies Moody’s 2nd in the weekly credit Outlook, HSBC, Deutsche, JPMorgan Chase, Citigroup, Sumitomo Mitsui, East 6 foreign bank in China’s medium-and long-term foreign debt limit increase will help them to borrow more from overseas large foreign currency business for the Chinese market.   National development and Reform Committee on March 29 publishing notice said, for promote financial area opening, play foreign bank in “introduced to” “out to” in the of active role, promote national economy development, this year total approved 24 billion $ foreign bank medium-and long-term external debt scale, and select HSBC, [...]

Four banking websites charge rates are still not listed

Posted in Financial News

  Since yesterday, banks do not find detailed price list of service, you can complain to regulators, namely according to CBRC, circulars of the Central Bank and the national development and Reform Commission, April 1, banks must be “failing” listed by locations, official Web site for more price list. Yesterday reporters to various outlets to understand the situation and found most of the banks are all fees listed. Guangzhou Bank only two networks, does not provide a complete price list.   Yesterday reporters in Dongfeng road, Guangzhou shuiyinlu, visited 11 banks, can be found in the help desk to find the full [...]

Giant us credit card information theft theft of tens of millions of users for several months

Posted in Financial News

  Credit card industry organizations and people confirmed on March 30, United States credit card account information is “massive” steal, involving international organisations such as credit cards MasterCard and visa users, large card-issuing banks, and several major credit card service companies, temporarily unable to determine the number of affected accounts, number of assessments from tens of thousands to more than 10 million.   Scale   To tens of thousands of millions of accounts affected   MasterCard card issuers and Visa the same day informed that its credit card account information may have been stolen, associated in United States “third party”.   Credit card agencies United [...]

Breaking the United States one-man show “three Musketeers” competing for World Bank President

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  The World Bank announced this week, by United States President Barack Obama’s nomination of Korean-American medical expert Jin Chenyong, South Africa nominated by countries such as the former World Bank Vice President, current economic and manpower and Finance Minister of Nigeria engeqi·aokongqiao-Ivella and by Brazil and other States nominated Colombia former Treasury Secretary, José Antonio Ocampo, will compete for new President of the World Bank. The next few weeks, 3 candidates will be interviewed by the Executive Board of the World Bank, initially scheduled for April before the spring session by electing new Governors, summarizes the consensus. Zoellick will meet [...]

2011 capita fund investors $ 13,500

Posted in Financial News

     Losses exceeding 500 billion yuan. In the face of the major funding agencies to produce transcripts, investors only by shaking my head and sighed. By the end of March, more than more than 60 Fund annual reports of all companies announced, just past 2011, funds the annual losses when the data is larger than the 2008 bear market only a little better, which won the second largest annual loss in history, and leave heavy in the history of the Fund. Calculated, every Christian Democratic loss of $ 13,500 per capita on average last year.   Data showed that last year [...]