Huijin may increase its dividend by three major lines

CBN report According to the China Securities newspaper, recently, some sources said that Huijin will be the concession four concessions to pay the profits to replenish the capital, so that the four will not need to go through huge refinancing supplementary capital. The impact on the two-tier market is small in the aftermath of this year's surge in credit assets, the replenishment of capital to map sustainable development has become an important issue for banks next year, and the key is how and when.　　At this time, the major shareholder-central Huijin company to increase the dividend bonus mode, the market has become the highest voice of the plan. "I think Huijin should be more than 50% more likely to supplement bank capital with dividends," he said. Wang Yu, a banking analyst at Guotai (Hong Kong), said, "the equivalent of Huijin's increased holdings of listed banks."　　And several financial analysts also pointed out that this program on the two-tier market impact of small and operational strong, should be listed banks preferred one of the options. Wang Yu projections, according to the BOC 2009 net profit of 78.9 billion yuan forecast, assuming that there are 50% dividend rate, Huijin holds 67.5% stake in BOC, dividend will reach 26.6 billion yuan.　　If this fund is directly used to replenish capital, it will increase the bank's core and overall capital adequacy rate by about 0.5%, easing some of the pressure to raise funds. A precedent has been set for the Jinzhan to share the Jinzhan holdings of listed state banks.　　After the financial crisis broke out, Huijin through the two-tier market to the three listed state-owned banks have increased, this October again launched a new overweight plan. Analysts therefore believe that Huijin again in some form of capital injection of state-owned banks, fully in line with the premise of moderately easy monetary policy.　　On the one hand, the bank credit to support economic development, on the other hand can increase the capital adequacy ratio, but also can hedge the future banks open to raise funds to the dilution of Huijin equity. However, in an interview with the first financial daily, Huijin executives said that "no such decision has been made" and that "a shareholder in a non-Huijin company is in charge". ICBC and CCB related people do not currently confirm this.