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Li Jun Cao Kaihu Bank of China is a "windfall" industry? 17 a share listed Bank net profit more than into the a-share listed companies ' combined net profits of 40%, much of its profit from the spread between deposit and lending rates, are the result of policies rather than competition, all these facts, the banking sector into a whirlpool of public opinion, also in two sessions, NPC deputies and CPPCC members raisedBuzz. "Good main bank performance is the result of deposit and loan interest rates, is the result of supporting all the people. "The CPPCC member and Vice President of the higher people's Court of Sichuan province of Xie Shanghua told the business daily yesterday," said banks could not in good time with a lot of money, and when business performance is not good, will reach out to the people. This is very immoral
tera power leveling, as well asVery unfair. "CPPCC National Committee members, the State administration of taxation, the former Deputy Director Xu Shanda, believes that banking profits is more high, but cannot say the industry is lucrative. Banking on a considerable part of the profit is added to the capital, generally above 20% of domestic banks ' Roe, in fact so close to foreign. China import and export Bank,Li ruogu told reporters, China's banking profits 1.0412 trillion Yuan last year, with supplementary capital need 800 billion. Bank profits "absolutely is not taller than everyone thought. "Profit over the real economy? Wind information, according to the third quarter of 2011, 16 listed banks ' total net profits of $ 698 billion; in Shanghai and Shenzhen 2,369In the listed company, counts of 2,319 total net profits of $ 1.58 trillion; listed Bank net profits stable net profit of listed company 40%. Hua Lin Hu Yu, Deputy Director of the Institute of securities to this newspaper that the major banks have been in the a-share market, but shares does not reflect the true profitability of enterprises in China, many a-share earnings of non-financial enterprises is not strong,Quite a lot of high quality enterprises in Hong Kong and the United States listed. However, profits in the banking sector in China is still present. March 9, xiaosuining, Chairman of Shenzhen Development Bank on the 2011 annual results press conference believed that from a legal and economic terms, a "windfall" should mean producer, operator using unfair means to get more than a reasonable profit margin. BankingNeither a monopoly nor profit by improper means, can only be "usury" to describe. Banking assets currently yields only about 1% (2011 1.04% the deep development of the data), and general manufacturing industries have 5% this indicator even higher. "So banks both non-profiteering and non-usurious. "Xiaosuining believes that banking profits in recent yearsLevel rising, with the management development and continuous innovation, avoid risks, have a great relationship. But insiders pointed out that the Bank is a business in itself "assets and liabilities" enterprise, attract savers by its deposits are liabilities, enterprises of their debt is much higher than other industries, compared with total assets income rate and the general business is not appropriate, and net assetsYield comparison. The past few years, most Bank's annualised ROE can be maintained at around 20%, far higher than the normal business. Wind information, according to the third quarter of 2011, a-share listed companies with an average ROE for the 7.2%, and 17.1% 16 listed banks, banks ' Roe nearly 10 per cent higher than the averagePercentage points. But Pan Gongsheng, agricultural Bank of China Deputy Governor believes that 2008 ~2010 year, 16 national average earnings growth of listed banks, 30%, 33%, respectively. Compared with profits of industrial enterprises above designated size in China, 12.5%, 53.5%, respectively. We reflect the most difficult 2011, industrial enterprises above the designated sizeProfit of 25%, of which private profits 46%. According to the China Banking Regulatory Commission data, banking profits rose to 36.3% last year. Pan Gongsheng says, can be seen from these data, profit growth in the banking sector and the real economy and not too much deviation. Sources of usury: carry a number of people in the industry believe that high profits is mainly derived from deposits and loans of the Bank spread protection, As well as the threshold of the operating licence. Hu Yu believes that carry protection is one of the important reasons for higher Bank profits; if it is a fully competitive market interest rates, believed spread be reduced; in addition
tera gold, scarcity is also an important reason for the licence, many funds cannot operate banks, limited number of layouts in the country's banks. Representatives of the national people's Congress, Vice Chairman of the NPC financial and Economic Committee WuXiao Ling said China's huge profits of the banking sector is not a reasonable place, deposit and loan interest rates relatively high, some charges are not transparent, high barriers. Now, the industry is also in discussions to promote liberalization of interest rates, clean up fees has been carried out, this is a good direction. But is too large to spread in China, there are different views. Pan Gongsheng talking about "banking profits" problemWhen media that China spread only as 2.5%, from the range, not the highest in the world. Pan Gongsheng, in 2010, the international top 10 banks spreads to an average of 2.31%, compared with average interest rates in the banking sector in China's 2.46%, by contrast is not high. With the level of development of the "BRIC" than the spread of Chinese banking industryIs very low: from 2003 to 2010 this 7 years, China's banking sector average spread of 2.7%, India was 3.05%, Brazil is 11%, Russia was 6.4%. Standard Chartered group operating primarily focused on emerging markets (02888. HK) said its net interest margin for the year 2011 to 2.3%, slightly lower than the level of domestic interest rates. Regardless of the Chinese silverIndustry spread compared with international standards are too high, spread is undoubtedly the most important banking profits. Wind information, according to the third quarter of 2011, China 16 listed banks net interest income amounted to $ 1.28 trillion, operating income of $ 1.64 trillion 77.5%. SDB President Richard Jackson believed that Chinese banksIndustry to spread as the main sources of income, middle income share not high, with model-related, such as in Hong Kong and other Asian regions, Bank sell mutual funds, Commission is 5%, while the Mainland banking sell rates below 1.5%, the gap between the larger
tera gold, resulting in a mainland Bank's non-interest income ratio is not high. Sources of discontent: the sense of injustice, publicHigh profits of the banking sector is not tolerated, to a large extent from the reform costs, revenue and profit-sharing allocation "not fair" judgements. Xie Shanghua, current economy downturn, reasonably bank receipts should be affected, but the objective is not so, banks ' earnings are not only not affected, and the performance is better than in the past. Xie Shanghua think, mainly national politicsGreat support and protection policy to the Bank. After the outbreak of the Asian financial crisis, the central financial orientation issue 270 billion yuan special Treasury bonds, adding four bank capital; the second is $ 1.3939 trillion large four banks of toxic assets off to four asset management companies; three are to address the historical burden of rural credit cooperatives, replacement of special paper for the people's Bank bad loans of rural credit cooperatives andOver losses run up an account, and the bank deposit and loan interest rates too much, especially the invisible interest rates. According to Xie Shanghua, current, Bank 1 year fixed deposit rate of 3.5%, and benchmark 1-year lending rate 6.65%, but apart from large enterprises can operate particularly well to benchmark lending rates in Bank loans to the outside, almost impossible to base lending interest rate loans to other enterprises, are generally required toRising 30% above, other fees charged as usual. Xu Zhiming, President of Chamber of Commerce, Member of the National Committee of the CPPCC Hong Kong XI ' an agreed that bank interest rate policy of "robbing the rich" is no longer appropriate. After experiencing a period of accumulation of wealth, control through interest rates on State banks to care is obviously unreasonable, limit interest rate policy has been unable to meet the needs of economic development at the present stage,Its serious side-effects constitutes a serious adverse effect on the pace of economic development in the future. (Editors: Chen Baolong)The Relative News:
