Thursday, February 24, 2011

City firm or will usher in a wave of public

 2011, strive to push the Bank of Shanghai market, pushing Guotai Junan 2012, Orient Securities market, pushing the Shanghai Rural Commercial market within 3 years. After more than a year of To enhance the municipal level of financial asset securitization, the Shanghai municipal financial firms for each of the listed scheduled timetable.

to improve the level of asset securitization, the formation of long-term capital supplement mechanism as soon as possible, lay a solid foundation for the sustainable development of enterprises.

Do panic! The main force is still diving? Stuck with the stock is likely to have saved! March the stock market changes are likely to occur? Tug of war behind the hidden financial trends!
According to plan, Shanghai will force this year push the Shanghai banks. Said Fang Xinghai, the current Bank of Shanghai listing plan has been submitted to regulatory authorities, to strive for a successful listing in 2011; Guotai Junan Securities, Orient Securities in the complete strive to achieve market in 2012.

accordance with the above listed programs, Fang Xinghai expected diameter measured by net assets, the state-owned enterprises in Shanghai is the financial asset securitization rate from about 63% of the end of 2010 raised to 70% of the end of 2011 and about 80% of the end of 2012. It is reported that at the end of 2010, 16 Shanghai municipal financial enterprises with total assets of about 3.9 trillion yuan, up 24.46%; total net assets of 393.6 billion yuan, an increase of 29.35%; annual gross operating revenue of 248.9 billion yuan, up growth of 24.20%; net profit of 50.1 billion yuan, an increase of 9.88%.

Under the plan, immediately after the three listed in Shanghai Rural Commercial. Mr Fang said the Shanghai Rural Commercial is also actively carry out preparatory work to start listing, if in 3 years to complete the listing, then state-owned enterprises in Shanghai is a financial asset securitization rate will be further raised to 85%. It is understood that in 2010 the Shanghai financial support through the injection of funds, etc., the Shanghai Rural Commercial resolve historical issues, cleared of the main risks in the development; the same time, Shanghai, Shanghai Rural Commercial to support the implementation of capital increase, raised funds 81 billion.

is worth noting that, with the recent Bank of Shanghai, Chongqing City Commercial Bank officially launched the listing process, this year the city will usher in a new wave of firm or market tide. The industry believes that once the City firms listed In addition to these two banks, the banks, including Hangzhou, Shengjing Bank, Dalian City Commercial Bank, etc., are also seeking listing. Recently, over a thousand workers in Dalian bank shares, to be 4.6 yuan per share, amounting to 530,527,400 yuan price, the sale they held 2.81% stake in Bank of Dalian, this is also clear the way for the listing.

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