CCB says affordable home prices fall 50%

The author Lin Lin Guo also said the bank plans to implement a refinancing plan by the end of this year to the beginning of next year, depending on the market situation, hoping to melt into the estimated size of about 75 billion yuan.　　According to foreign reports, CCB chairman Guo said in Thursday, China's real estate prices fell more than 50%, will have a significant impact on CCB's asset quality. In an interview with the foreign exchange, Mr Guo said the bank plans to implement a refinancing plan by the end of this year to the beginning of next year, depending on the market situation, hoping to melt into the estimated size of about 75 billion yuan.　　After completing the A+h allotment, CCB will have no refinancing plan in the next three years.　　Mr Guo said the capital adequacy ratio could reach more than 11.5% per cent after the bank's completion of the refinancing, no less than the regulatory level's latest demand for the index.　　Mr Guo said that the bank's loan growth this year or from the previous forecast of 17% down to about 15%, the full year net spreads are expected to return to 2.4%, non-performing loan rate will continue to decline.　　CCB April 29 issued a notice, confirmed that the company intends to allocate no more than 0.7 shares per 10 shares to all shareholders placements, A shares and H shares share rights, the total amount of financing up to not more than 75 billion yuan. The bank's latest quarterly report showed net profit growth of 33.93% per cent year-on-year. By the end of March, the company's total assets of 10.01 trillion yuan, an increase of 5.21%, and the bank in the first quarter of new real estate loans for nearly five years to the lowest.