Nie Wei Yesterday, the CPPCC member, China Investment Co., Ltd. (hereinafter referred to as "CIC") Deputy general Manager and chief risk officer Wang said that from the point of view of central Huijin, supporting banks to reduce the proportion of dividends, so that they have more funds to meet the needs of development. "Banks are still the main conduit for China's capital allocation. In response to the financial crisis, the bank loan growth rate faster, in this case, bank capital needs to be continuously supplemented. Wang said that as Huijin, on the one hand, the bank will still be able to provide reasonable returns, on the other hand, bank capital to meet their own sustainable development needs. Central Huijin is a wholly-owned subsidiary of CIC, with its own board of directors and the Board of Supervisors. The financial institutions holding shares in the central Huijin company include the four major state-owned commercial banks such as industry, agriculture, China, China, and Everbright Bank. In 2010, ICBC, Bank of China and CCB had reduced the 2009 cash dividend ratio from 50% to 45% to improve the capacity of the three major banks to accumulate additional capital through internal accumulation. Huijin Company gave active support to this decision. In addition, last August, Huijin announced that it planned to issue a total of 187.5 billion yuan bonds, to raise funds to the China Import and export bank and the Chinese export Credit insurance company two institutions, and participate in ICBC, Bank of China, CCB three bank refinancing, and in the current month to complete 54 billion heads of state debt issue. In order to replenish the capital, ICBC, BOC, CCB in 2010 have launched the A+H Shares allotment financing scheme, three banks allotment financing scale about 170 billion yuan. The Treasury and Huijin companies were involved in the three-line allotment. Wang said there was also a need for new avenues to address bank capital problems and to meet regulatory requirements for capital adequacy ratios. In his view, the securitization of assets is one of the new channels. "A single way of financing from the capital markets is ineffective for banks. Wang said that all asset securitization is not a bad idea because of the US financial crisis. China is just to learn from the U.S. supervision and other aspects of experience, strengthen supervision, so that asset securitization play a role.
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