The flood of liquidity under the credit feast

The credit binge, which began at the end of last year, does not seem to have finished, but the research institute has sniffed indigestion. Moody's and the S & P have warned that the quality of new loans is worrying, and that if the economy does not recover quickly, it could cause a lot of bad loans.  With liquidity flooding temporarily easing the plight of companies, non-performing loans will not grow much in the short term but may emerge in the next few years. However, due to strong assets, the analysis that the Chinese banks are not likely to get into full trouble. Even in trouble, the government, which is the biggest shareholder of the bank, is bound to bail out and become the credit ...

National revenue rose in June to 2.4% in the first half of 19.6%

According to the Ministry of Finance July 13, the Treasury said that June, the national revenue of 686.747 billion yuan, compared with the same month last year, an increase of 112.365 billion yuan, an increase of 19.6%.  Among them, the central level income of 348.684 billion yuan, an increase of 15.9% per cent, local income of 338.063 billion yuan, an increase of 23.5%. The first half, the national revenue of 3,397,614,000,000 yuan, the same period last year, reduced 83.205 billion yuan, down 2.4%. Among them, the central level income of 1.7704 trillion yuan, down 9.4% per cent, local income 16 ...

DDS Express Branch closure Express industry planning to get out of the low price strategy

15th afternoon news, Sina Finance from the DDS Express Company Headquarters customer service learned that the DDS Express Jiangsu and Zhejiang branch after the closure of the province, the Jiangsu, Shanghai and Anhui all outlets all stop, East China Express business all terminated.  The star is anxious to the chairman, home eager to send the founder of Chen Ping and Daily Express chairman, President Zhan and Sina Financial exclusive dialogue, said that the low price strategy is the main reason for its failure, express industry needs to improve value-added, return to rational prices. Low-price strategy to open up the market, the stars are anxious to send the founder Chen Ping said, leading to DDS Express Jiangsu ...

China is the biggest victim of trade protection, new UK report shows

A new report by the Center for Economic Policy Research, a new global trade warning office, shows that protectionism is on the rise at a time when many countries in the world showed signs of economic recovery in 2009.  According to the report, a data or explanatory title: Since last November, in Washington, D.C., the 20-nation Group (G20) Financial summit to the beginning of December this year, many Governments have implemented 297 trade protection measures, more than the full year of working days.  The report states that China has become the biggest victim of protectionism. Disparity 6:1 Reuters 14th quoted the report content, since this year ...

China's mergers and acquisitions in the second half of the year or more than 1800 cases return to a higher level

BEIJING, December 15 (Zhang Yu) PwC reported here 15th that in the second half of 2009, the number of mergers and acquisitions in China (including Hong Kong and Macao) or more than 1800, the number of transactions a year or 3200, has returned to a higher level last year.  It is understood that in the second half of last year and the whole year, the number of mergers and acquisitions in China was about 2000 and 3797 respectively. The report notes that the pick-up in deals has benefited from an increase in domestic transactions, with nearly 90% of transactions being invested in mainland China or Hong Kong, China. Overseas strategic investors remain on the sidelines ...

Ah overflow dropped nearly 4 points to 124 Northeastern Electric H-shares soared

The China-Hong Kong stock market was well established by the periphery stock market, and the capital increase boosted the stock index significantly. The shares in A+h shares rose and fell less, with H-shares rising almost across the line, while the Hang Seng AH-share premium index narrowed significantly to 3.77 to 124.52;  Part of the whole day A shares increased to about 20.4 billion yuan (RMB, a shares under the same); Market heat may be "stock" Warren Buffett hand-picked shares of the Northeastern Electric (000585-CN;00042-HK) won a strong chase ...

CCDI: 100 billion and 130 billion new investments have been largely implemented

The picture is the Central Inspection Committee and vice Minister Wang Wei. (Photo source: China net) Click here to view all financial news pictures this afternoon, the State Council News office held a press conference, the Central Inspection Committee, vice Minister of inspection, Wang Wei said that the fourth quarter of last year, the majority of the new 100 billion yuan central investment into the project implementation phase, has some projects completed  , the vast majority of the new 130 billion yuan in the first quarter of this year has been issued to the local, the project began to start. Central Inspection Committee, Vice Minister of the Ministry of Supervision Wang Wei on the expansion of domestic demand to promote economic growth policy implementation of the check ...

Hong Kong stocks closed up 893 points to record New Year

Hong Kong stocks in the period of the settlement day in advance for investors to send a dragon Boat Festival gift, by the U.S. consumer confidence index better than the expected stimulus, the period refers to the large number of crazy with a light warehouse, led to the spot day of the basic 45-degree angle of the unilateral upward trend, 250 days and early small double top resistance level breakthrough, set 17,984 points of the year high, Again approaching the 18,000 point mark, collected to 17,885 points, a single day rose 893 points, or 5.26%, the turnover surged to HK $93.056 billion.  May period refers to the settlement price of 17,686 points, June small low water 26 points. The financial unit of two places exerting force ...

Experts say local fiscal reserves of potential crisis exceed 4 trillion

The signal that "dangerous" fiscal local governments are selling aggressively means that local revenues are at a crisis.  Banks are actively lending to local governments, but they are likely to make local debt more and more.  Interview • Author/Ying Pan Qingshan The decline in profits of state-owned enterprises and the decline of land transaction prices, the two sets of data reflect the hidden crisis of local finance. May 20, the Ministry of Finance released data show that 1 ~ April, the national state-owned enterprises to achieve profits of 323.64 billion yuan, down 32.3% Year-on-year, the Ministry of Land and Resources released the "2009 First quarter full ..."

US business Rose 7% Merrill Lynch reiterated buy 9.2 yuan

Business in the United States fell back today, but the share price rose 6.63% to HK $8.69 a day, trading 503,000 shares.  The Merrill Lynch report said that the target price was raised from HK $7.35 to HK $9.2 to maintain the stock's rating, which was extended to the 10 fiscal year, or 18.3 times times the forecast P/E ratio, at a slight premium of 6% per cent. Merrill Lynch, which has long insisted on highlighting regional strategies through its own expansion and mergers and acquisitions, believes these will continue to be the driving force for future growth. At the same time the company also considered to go to the motherboard listing, which will potentially ...

Hang Seng, 893 points 17885

Hong Kong stocks have surged in the period of the settlement date, the Hang Seng index, which rose to a high of 17,812 in nearly 8 months this morning, went back to the high level in the afternoon and tried 17,984 to close the eight-point pass, closing 17,885, 893 or 5.26%, and the state-owned enterprise index rose 518 or 5.35%, or 10,  202, the turnover increased to 93.1 billion yuan. Blue-chip, control (00005-HK) rose 5.77%, Mobile (00941-HK) rose 4.99%, the new Ground (00016-HK) rose 5.13%, long real (0000 ...).

Citic Securities: The second half of a shares continued to concussion upward

Securities Times reporter Sun Xiaoxia today, Citic Securities held in Chengdu for two days, the theme of "Recovery and Transformation" of the 2009 medium-term strategy.  Citic Securities believes that China's "U"-type recovery situation is more certain, the future economic growth will begin to rebound quarterly, the second half of a-share will still shock upward. Economic growth is set to rebound by the end of last year, the central government launched 4 trillion investment plans, the implementation of a loose monetary policy, the first 5 months of the year to extend credit 6 trillion yuan, the continuous increase in export tax rebates to ensure the employment of migrant workers, and vigorously develop regional economy and so on. In these ...

The government issued the first 50 billion official debt officials in September and said it was still in consultation.

BEIJING, June 18 (Xinhua) Hong Kong's Financial Secretary, Mr John Tsang, announced in this year's budget the issue of a new batch of government debt of HK $100 billion to promote the development of the Hong Kong bond market.  According to foreign sources, the government plans to issue the first batch of $50 billion in government debt in September, which is more than the SAR government's earlier reference to a substantial increase of 10 billion to 20 billion yuan a year, with a minimum interest rate of 1 below and the earliest possible submission to the Legislative Council next month for approval. A spokesman for the Hong Kong Financial Services and Treasury Bureau said 17th that the report was not correct and that the SAR government is still on the first year of the deal.

Zhejiang: Small Business loan guarantee compensation limit rose to 500,000 yuan

Xinhua Hangzhou, July 13, to actively encourage guarantee institutions for small enterprises loan guarantee, effectively alleviate the financing difficulties of small enterprises, Zhejiang Province, the relevant departments recently decided to improve the small business loan guarantee risk compensation standards, the maximum compensation to no more than 500,000 yuan. Zhejiang Department of Finance, Small and Medium Enterprises Bureau jointly issued a new approach that the provincial budget each year to arrange a certain amount of collateral risk compensation funds, the conditions of the county (city, district) can also be arranged for the corresponding funds for the security risks.  The object of compensation is the SME credit guarantee institution which provides the guarantee service for the small enterprise loan. According to the above two departments ...

Facing the trend of many foreign trade companies to seek Canton Fair Booth

Xinhua Guangzhou July 13 Electric booth to maintain the total size of 55,000, the number of booths to apply for more than 84,000--will be convened this October 15 in the 106th session of the Canton Fair in the preparatory phase ushered in a "contrarian red" good posture.  Market Personage said, this shows our country foreign trade enterprise market confidence has recovered.  Reporters from the 106th session of the Canton Fair Preparatory work meeting to understand that the Canton fair to host the Chinese Foreign Trade Center plan invited the total number of global buyers reached 840,000, compared to the last increase of 5%. According to China Foreign Trade Center responsible for ...

Ministry of Commerce: four Quarter is foreign trade can rebound key node

From June 28 to July 3, the first 6-day roving exhibition on foreign trade in China was held at the Nanjing International Exhibition Center. The exhibition attracted nearly 500 foreign trade production and processing enterprises from all over the country to attend the exhibition.  Sino-New Society issued Khang Changwang Photo copyright statement: Where the note has "Cnsphoto" the words of the picture copyright are China News Network, without written authorization, may not be reproduced use. China News agency Guangzhou July 13 Canton Fair organizers said 13th, the Chinese Deputy minister of Commerce Zhong Shan in the Canton Fair Preparatory Work Conference, the Chinese foreign trade can rebound, the fourth quarter of this year is the key ...

China moves down 0.57% Citigroup bid to buy HK $6.1

China's movement (03818-HK) is now down 0.57%, at HK $5.20, for a deal of HK $63.8087 million, which is now winning the big city, with the index falling 2.62%. Citigroup's first comment on the purchase rating of the shares, the target price of HK $6.10. Although the unit has risen 168% per cent this year, Citi believes it is not fully valued, 14 times times the 2010-year price-to-earnings ratio, and a composite annual growth rate of 2009-11 per cent for core profits of 18%.  Compared with its peers, China's retail outlets are small in size and believe there is still potential for growth, the bank said. The bank expects China to move in ...

20-day increase of HK $50 billion hot money flood create Hong Kong "capital city"

Securities Times reporter Zhang today's Hong Kong stock market, "hot money" has been a frequently mentioned hot words. Whether it is retail or institutional investors, there is a "large influx of hot money into the stock market," the consensus. However, after the carnival, the "capital city" from hot money will go?  In this regard, insiders believe that short-term "hot money" will not ebb, but in 7 August or will see the real chapter. 20-day increase of 50 billion in the industry's view, the most intuitive evidence of the influx of hot money into Hong Kong is the increasing balance of the banking system, which is the statistics of the Hong Kong HKMA. As the Hong Kong HKMA is a ...

Britain says small island state temperature control targets unrealistic

Huangshan from Copenhagen This Monday (December 14), is the Copenhagen weather summit in the second week, but also the most crucial week of the first negotiation day. With the arrival of Ministers, the center of the Beira center of the security check clearly on a grade.  The queue outside the venue has been stretched for hundreds of metres.  As the first press conference in the morning, the British delegation's Topai apparently matched the "early step" in coping with the weather. Referring to China's deputy foreign minister, Yafei, who previously claimed that China was resolute in opposing the "three can", British Environment Minister Ed &mid ...

More than 30 cities pilot Provident Fund loan construction guarantee house controversy

"China Economic weekly" reporter Li Fengdao/Beijing reported a "good thing" to make effective use of idle funds to promote the construction of housing, in the pilot, but sparked a series of controversy.  In October this year, the Ministry of Housing and Urban and rural construction of the Joint 7 Ministries issued the "on the Use of Housing Provident Fund loans to support the implementation of housing construction Pilot" (hereinafter referred to as "implementation of the opinion"), more than 30 cities nationwide began the pilot. At present, Beijing's pilot scheme has been approved by Beijing Housing Provident Fund Management Committee, will be reported to the housing and Urban and rural Ministry of construction approval. Once approved, safeguard room ...

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