Tuesday, January 25, 2011

state-owned large line refinancing

Financial national journal reported the end of the decade, 10/10/08 2410 billion yuan, the financing scale make market near misses. But the bank of China (hereinafter referred to as "bank") is the first listed after four years from the capital market success financing trillion yuan, pull to state-owned Banks refinancing biggest rival.

Boc this had hoped that through the issuance of the subprime complement the low-key expansion capital, who became in mainland China, Hong Kong capital market refinancing high-key leader. Try water them big issuing convertible bonds, innovation A + H shares general authorized, weak city matchs...

Every try water and innovation, are all shareholders, market, supervision of having parties parties balance, boc 2 years of financing tour, skating on thin ice.

Early 2011, the market again efferent bank huge refinancing: the people's livelihood, agriculture bank, industrial, shenzhen, January short 10 days, the financing plans have been thrown up 930 billion yuan.

Experts think, bank homogeneity of the mode of operation, cause once appear funding gap, is the industry's problems. This is also the parties concerned bank whether "circulation financing" the key sticking point. In order to avoid the refinancing were over-concentrated, differential operation is the only road.


Frequently trillion in financing scale is always market doesn't like news. 2009 November 24, media about Chinese bank to market financing 1000 billion yuan of news clobbering stock market, HuZhi is falling on 115 points. In fact, the bank of China in early early 2009 began plan refinancing matters, but the real case is not as rumours in words, but rather as an added 12 billion yuan subprime plan. Boc internal call this "red sun plan".

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