CMB denies Buffett shares

Bank shares or to attract valuation repair opportunities for Warren Buffett may participate in China Merchants Bank (600036.　　SH,03968.HK) of the H-share issue, March 3, the person in charge of the bank said in response to the "first financial daily" that there is no news of Mr. Buffett's shares, and the Bank of ICBC recently did not have a financing plan, if any will follow the procedures announced.　　Mr. Buffett's participation in the H-share issue, the shares rose 4.16%, reported 14.03 Yuan, the H-shares rose 2.28%, a 19.76 Hong Kong dollar, led the banking sector rose. A private equity researcher told reporters that recently, a lot of money into the goods, will release false news to affect the stock price, disrupting market order; February 24, some people released news that the bank stopped lending to real estate developers, causing the Hong Kong market in the mainland real estate stocks plummeted, short sellers profit handsomely,　　The rumours were later denied by the big banks, and rumours about the Bank of CMB yesterday pushed up the entire banking sector, allowing some of the trapped funds to flee.　　He also said that when the CMB was listed in Hong Kong, there were market rumors that Mr. Buffett would take a stake in the bank, and it turned out to be the case, and there was another rumor on the market, the authenticity of which is questionable, blindly chasing investors are likely to suffer losses. Bank financing pressure or slowdown a broker researcher believes that the deep development capital adequacy ratio and the core capital adequacy ratio of 10.19% and 7.1% per cent, compared with 10.07% and 7% at the end of the third quarter, have been slightly higher in the fourth quarter to the end of last year, as seen from the depth of a (000001.SZ) report.　　On the other hand, at the end of June 2010, the total amount of deep development loans amounted to $373.6 billion, the end of September was $398.4 billion, and the figure at the end of December was $407.4 billion, which resulted in a $24.8 billion increase in loans in the third quarter, and a sharp decline in loan growth in the fourth quarter.　　The researchers believe that, in the context of tighter credit and slower bank lending, the capital adequacy rate, which relies on a month-on-month rebound in bank earnings, may become a widespread phenomenon in the industry, perhaps easing the bank's future funding pressures.　　Hu Yu, deputy director of China Forestry Securities Institute, said to our correspondent, each bank has its own different capital ratios, some of which still have some financing needs, and in the case of credit tightening, banks can replenish their capital through endogenous profits, not necessarily through additional or allotment. Changjiang Securities believes that the market has eased the bank's concern about policy regulation, the short-term financing pressure no longer plagued the banks, as a result of improved profitability, endogenous supplementary capital capacity, and credit growth slowed, capital consumption slowed, financing pressure eased; The central bank adopts the policy of differential reserve requirement ratio to regulate the credit From the credit in December, the effect of regulation is significant, in addition to the end of the first quarter inflationary pressure eased, short-term monetary control concerns eased; the Basel Ⅲ has announced that domestic regulatory standards are almost covered and above Basel standards,Most of the regulatory risk has been digested. Or usher in a valuation fix opportunity Changjiang Securities believes that the majority of 2010 listed bank performance is expected to be better than market expectations, the first quarter of this year will be a rapid growth in year-on-year results; mainly based on the spread of bank spreads better than the market expectations, asset quality is stable, the allocation of funds to improve the intensity of　　Looking ahead this year, tighter monetary policy continues to spur bank spreads, and a steady economic growth helps keep asset quality stable.　　Changjiang Securities also said that the stagflation cycle led to a change in the profit cycle, the strategy on the size of the disk valuation has also been the corresponding switch; good earnings performance corresponding to the underestimate, and combined with the negative factors of digestion, the banking sector is about to launch a round of annual report, quarterly drive valuation repair market. GF Securities researcher Mu Hua said that January new RMB loans for 1.04 trillion yuan, less than 318.2 billion yuan, bank credit regulation of the initial success; Spring Festival factors and frozen weather factors, to manage inflation to strengthen systemic risk prevention as the focus of the Policy (blog), may enter a phased vacuum period,　　It is expected that, with inflationary pressures slowing, the opportunity to repair bank stocks is imminent.　　However, Hu Yu that although the current valuation of bank stocks is not high, but because of limited market funds, national policy still tightened, the bank stock market value is big, need to push the capital is also very large, so it is not easy to rise sharply. A prominent Shenzhen bank executive said the bank must lend carefully because of its capital level, which would affect future profit growth and would not be a good time for investment banking stocks in the next two or three years, under a policy of continued tightening of credit.