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Securities Times 12 Main Financial Media News Summary

2011/1/12 10:45:00 46

Individuals outside Wenzhou

direct investment

Not yet opened

The local government of Wenzhou issued a pilot scheme and application form for personal overseas direct investment on the 7 day, but the Wenzhou foreign trade and Economic Cooperation Bureau yesterday interviewed the securities times that it had not yet received the application submitted by the individual.

The person pointed out that, on the one hand, due to the short time of policy launch, individual purchase of foreign exchange, account management and investment return and other factors, the participation of investors in Wenzhou is not very high at present. Now it is in wait-and-see and policy refinement. On the other hand, the overseas direct investment is directed against overseas entities, excluding overseas real estate and financial enterprises. For those skilled in investing overseas through non normal channels, the significance of Wenzhou itself is weaker.

But in any case, this pilot is a significant breakthrough and attempt for Wenzhou and even China.

Rigid demand for credit growth or slowdown this year

In 2010, the total amount of new loans reached 7 trillion and 950 billion yuan, exceeding the target of 450 billion yuan.

In the eyes of industry experts, credit is frequently exceeded, and can not be explained unilaterally by the lending impulse of commercial banks. The expansion of the real economy brings about the rigid demand for credit, which is also an important reason.

Bank of Communications

A research report released yesterday pointed out that although credit in 2010 increased by less than 1 trillion and 650 billion yuan in 2009, it was still relatively high.

If the bill financing is pferred to the scale of loans, new substantive loans will reach 8 trillion and 850 billion yuan, up only 270 billion yuan from the same period last year.

Due to the strong demand for credit in the real economy, coupled with the further tightening of credit control in 2011, many enterprises have borrowed ahead of schedule, and loans have increased relatively fast at the end of the year.

The change of demand can also be seen from the investment of loans.

In 2010, the long-term loans of non-financial companies amounted to 4 trillion and 200 billion yuan, a slight decrease compared with 5 trillion yuan in 2009. However, the proportion of medium and long term loans to total loans of enterprises increased significantly, from 70% at the end of 2009 to 82% at the end of 2010.

Lu Zheng commissar, a senior economist at Xingye Bank, thinks that compared with 2009, the rigidity of credit expansion significantly increased in 2010, which means that credit in 2011 may have greater inertia. If we do not want the project to be out of date, it is hard to squeeze credit on 2010.

　

European debt crisis

Rekindle Japan to help

The Japanese government said yesterday that it would buy bonds issued by euro zone countries to help Ireland to promote financial stability in Ireland and the euro area.

In a press conference yesterday, Noda Kahiko, Japanese finance minister, said that the size of Japan's purchases of bonds would exceed 20% of its total circulation, and that money would come from Japan's foreign exchange reserves.

It is reported that the first bond amount is 5 billion euros (535 billion yen), which will be issued as early as the end of this month.