Analysts warn investors to beware of bubble in household appliance finance concept

The two great big power companies have thrown out the concept of finance: Following last week's Italian private banks, Gree yesterday also confirmed the intention to enter the financial.

Yesterday noon, Gree Electrical appliances issued a notice that the media said "Gree will be a holding subsidiary of Gree Group Financial Limited liability company as a banking business integration platform, related work quietly launched, has been with the Zhuhai Town Bank and other cooperation issues of the" basic truth. Announcement, Gree stock price rose 8 78%, the report received 28.50 Yuan.

There are people who do not want to be named in the industry to the south, to the United States, Gree, Suning as the representative of the home appliances industry set off a "bank fever", the main business is the financing capacity and diversification of development possibilities, but the government to set up private banks extremely cautious, investors should be wary of

Investors look forward to: "Su Ning Second"

In yesterday's midday reply, Gree confirmed that "the holding subsidiary Zhuhai Gree Group Financial Limited liability company and Zhuhai Town Bank shareholders had a preliminary contact." Gree stressed that at present did not reach any cooperation intentions, the specific mode of cooperation can not be determined, followed by a large number of uncertainties, suggested that investors "rational interpretation."

Stock market Wenfengerdong, afternoon after the card, a half-day turnover of up to 1.213 billion yuan. From the capital flow to see, the main buy 640 million yuan, sell 428 million yuan, retail investors buy 43.86 million yuan, sell 30 million yuan, show the agency and retail investors to the confidence of gree outlook.

Prior to this, Gree's "old rival" group has confirmed the intention to apply for private banking licences, influenced by the concept of finance, the United States, the group's share price in just two days rose more than 10%.

Some investors believe that gree financial companies have a strong industrial base and financial capacity, there is a greater likelihood of cooperation with the bank, but also shouted gree to become "suning second, the target price of 60 yuan" ——— since Suningyun August 23 issued a notice confirmed the company launched the establishment of the bank, The company's total market value has soared from 55.5714 billion yuan before the announcement to 97.4898 billion yuan at the close of September 24, and its share price has risen more than 60% per cent in less than one months.

Home Appliance expert Liu Buzhong that gree, the United States and other household electrical appliances enterprises have ample cash flow, to gree, for example, its overseas deposits amounted to billions of U.S. dollars, the United States in the bank deposits also have tens of billions of dollars, the establishment of the bank can be invigorated its own funds, bring more benefits: After all, banking profits far higher than

Beware of the concept bubble of household appliance finance

In fact, before the landing of a bank licence, many home appliances enterprises have set up an independent financial company, responsible for the operation of the enterprise's funds.

Gree Finance company July 1, 2003 official operation, the main business is for the Enterprise group member units to provide financial management and financial services. 2008, Gree Electric through the increase of gree finance company, so that its registered capital from 350 million yuan to 1.5 billion yuan, Gree's shareholding ratio from 49.92% to nearly 90%, to achieve holding. As of December 31, 2012, Gree financial Company Capital adequacy ratio of 46.38%, net assets yield of 10 89%, Loan-to-deposit ratio (including discount) 48.51%. Gree insiders revealed that Gree financial companies may be in the form of equity participation and other means to realize the investment of the village bank, and to prepare for the eventual establishment of the bank.

The United States is one of the promoters of the agricultural and Commercial Bank of Shunde, at present, the bank is the second largest shareholder of the bank with a stake of 6.33%, while the financial company of the group also provides financial services such as deposits, loans, guarantees and settlements for listed companies, and the United States has also established a microfinance company, Provide loan services to suppliers upstream of the group.

The United States and Gree said to the south, the relevant financial services are the work of its financial companies to lead the preparation, but the current private banks set up rules did not come out, enterprises are more closely tracking, and do some preliminary research, bedding work, now no more details can be disclosed. There are the above-mentioned enterprises in the middle of the joke, "future wages must be deposited in their own banks, and perhaps have to deposit and loan tasks."

There are industry analysts to remind, home appliances enterprises to run private banks, the real landing also needs more than half a year, and access also needs the approval of government departments, non-enterprises themselves will be able to around, investors need to be wary of household appliances financial concept bubble. Suningyun's shares also fell after a continuous hurricane, falling 5% per cent yesterday, to 12.55 Yuan.