Huaxia Bank: the future risk is arduous to hoist the advance rate

By Professional editor working for himfr.

Huaxia Bank Annual Report 2008 shows that the realization of interest income 13.492 billion yuan, an increase of 20%; net profit of 3.071 billion yuan, an increase of 46.15%, 0.7 yuan per share. Non-performing rate of 1.82 percent at the end than the mid-2008 continued to decline 24 basis points.

Provision extensively the fourth quarter of 2008 in order that the real forfeit

Growth in 2008 the business structure, productive levy rate of earnings levy components that assisted to the down turn in the percentage of 89%; interest components in non-interest earnings and snare earnings come to a grade of 39% and 12%; as a outcome of the cost of provision and boost the assistance rate to the presentation of -- -28.54% and 34.77%.

Income levy rate is the major cause for the presentation of considerable development, interest earnings development than the 07, only 20%.

Since the mid-2008 the company set aside only 126 percent coverage, which is lower than the average level of joint-stock banks, the company in the third and fourth quarter provision to increase the rate provision, the amount of new loans set aside 2.505 billion yuan, accounting for 08 assets in the second half of the proportion of impairment losses of 90%, resulting in a net profit of the actual loss of the fourth quarter.

Company borrowings in 2008, Central than the fourth quarter expanded by 3.12%, in order that the annual development rate of only 15.78 per hundred of borrowings, which is smaller than in 2007 and 17.63% of the grade of other joint-stock banks.

As the fourth quarter of the company's loan growth has not significantly increased, with the narrowing of spreads in space, so that interest on the fourth quarter and year-on-year net income fell more than Central.

08 the end of the company's mean interest rate of 7% over the mid-2008 down turn of 17 cornerstone points; one long-term lending rate by 6.8%, down 46 cornerstone points, a bigger decrease. (08 end of the year as a outcome of short-term devices encompassed in the discount lending rate, with the mid-2008 caliber inconsistent facts and numbers, it is tough to compare).

Decline in loan worth in the second half 08

08 financial gatherings over the end of horrid advances carried on to descent in mid-2008 a 24 foundation points to 1.82, a greater diminish, a diminish of the undesirable balance of close to 390 million yuan.

08 the second half of the advance provision in extensively the matching time provision for an advance of efforts to draft off non-performing advances, new advances to draft off 1.35 billion, so the total year to draft off non-performing advances amounted to 2.054 billion yuan, the allotment typed off over 07 in an advance of 37%.

08 the end of the year, the company provided loans up to 151 percent coverage to reach the requirements of regulatory authorities; the quality of provision for the increase in the proportion of portfolio provision in the second half of 2008 rose to 37.83 percent from 55.97 percent, but still slightly lower than the overall level of the banking industry.

In 2008, the financial gathering of non-performing advances rate of all subdivisions of the public more than the midpoint ratio of non-performing advances (1.94%) are chiefly agriculture, forestry, animal husbandry and fishery 6.49 out of 100, to perform the restricted occupants and 6.37 out of 100 other services, knowledge transmission, computer services and programs development, 5.52 out of 100, the Housing 3.68% actual property area, hiring and enterprise services subdivision, 3.65%, 3.39% wholesale and retail exchanges, training 3.04%. As a effect of the wholesale and retail trade, leasing and enterprise services, actual property area advances accounted for on the high fraction of 14.21%, respectively, 6.74% and 6.5%, it is the principle source of non-performing loans.

The proportion of time deposits increased significantly rise in the cost of its liabilities

The average balance of deposits in the company, the higher the proportion of time deposits, the average balance of time deposits in 2008 increased slightly to 67.28 percent, up 0.36 percentage points.

A regular basis in 2008 and savings companies, respectively, time deposit rates over the medium term in 2008 increased by 13 and 24 basis points rise rapidly, more than demand reduction.

Fee and commission income continued to grow

Due to the slow development of intermediary business, the end of the year 2008 the company achieved net income of fees and commissions 822 million yuan, an increase of 82%; the proportion of revenues accounted for only 4.67% higher than in 2007 increased by 1.51 percentage points, the proportion of the low. Intermediary business because of the lower base, the downturn in capital markets and other factors affect the smaller, relatively stable growth.

Although 08 non-performing rate of the second half of the business proceeded to down turn and poor balance, but to compose off awful borrowings, taking into account the components, the genuine increase of non-performing loans; the business important time down payments and demand down payments than slow development, with the percentage of high interest cost of high, in order that snare interest margin is still low; better is the business set apart 150 per hundred treatment grade, blended to make provision for expanded provision of higher value coverage; financing capital adequacy ratio, after increasing lending space larger.

Combination of these elements, the Yangtze River is looked frontwards to to securities financial gatherings EPS0.79 million in 2009, the risk of future expansion is arduous to hoist advances, high interest charges, as well as supplemental non-performing greater allotment of insist on financial gatherings to be neutral rating. - 18780

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Iron and iron alloy enterprises in China from the U.S. "double reverse" enquiry

By Zou himfr

Steel prices in China from the U.S. "double reverse" survey, exports of 20 billion oil pipe blocked.

April 16, China Steel Structure Association, the Secretary-General took air journey to a agency pipe Huangshi, Hubei Province, escorted by Tianjin Pipe Group's older leadership. They have, Baosteel, Panzhihua Iron and Steel, Anshan Iron and Steel and numerous other enterprise bosses furthermore have come to the Yellowstone.

The reason of their journey is a total enterprise of assesses to deal with the United States the "double reverse" lawsuit.

April 8, seven U.S. oil pipe manufacturing enterprises steel workers union and the United States on China's exports to the United States oil pipe (OCTG) to the U.S. Department of Commerce and U.S. International Trade Commission (ITC) against "anti-dumping" and "countervailing" litigation. Proceedings up to the amount of 2.7 billion U.S. dollars. This reporter has learned that the U.S. International Trade Commission on April 8 in the day, immediately launched a "double reverse" survey, the agency has set up a 6-member team, including executives, economists, accounting and so on.

If the document effectively, it will be the United States since 2006, commenced the first of China's 14 "double-anti-" The review, which is "Obama" after the Government first took agency in mainland China for the "double reverse" complaints.

Emergency reply

"This clearly is trade protection." Kong ling-ming said, "We are ready to organize enterprises to actively responding to the current form of the enterprises are, will be turned over to the Ministry of Commerce recently."

April 17 Xinye in Hubei Iron and Steel Group at the "Encounter" by the China Iron and Steel Industry Association, and participants with the case is one of 14 representatives of the Chinese iron and steel enterprises.

Despite embracing Baosteel, Anshan Iron and Steel, Panzhihua Steel and Tianjin Pipe Group and other representatives of large hard metal enterprises, but in item, with the "double reverse" case of the enterprises included in steel and hard metal enterprises to tiny and medium-sized exporters. "To the participants to consider evaluates the amount of 14 enterprises are quite large, in the United States trade overseas a large measure of business. The case includes the item Chinese enterprises arrived at 212 steel and hard metal enterprises." Import and trade overseas of China Steel Industry Association of one who uncovered to reporters.

Ministry of Commerce of China also attaches great importance to initiate an investigation in the United States after the first time the Ministry of Commerce issued a response to the incident. "First quarter of this year, China's iron and steel products exports relatively large drop in rate of export volume down 55%, iron and steel enterprises have encountered more difficulties. In this context, the U.S. industry complaints appeal, it should be said out of date. "YAO Jian, spokesman of the Ministry of Commerce said," We will continue to pay attention to 'dual' of the progress of the case and take appropriate action in response. "

Baoshan Iron and Steel Group of the Ministry of Justice said they had received the U.S. government sent the questionnaire.

It is reported that, ITC will be May 26 before the end of the preliminary investigation and on June 2 announced the results of the preliminary investigation.

Regret and worry

"For the United States' dual 'investigation, we have expressed regret, but also were under immense pressure, which will undoubtedly be adding enterprises." Tianjin Pipe Group Marketing liu jian said.

China's steel exports to the United States is the main varieties of steel. 2008, China's oil product pipe exports to the United States has reached about 3.2 billion U.S. dollars, equivalent to more than 200 billion yuan. And steel exports to the United States, more than half of all steel products. U.S. companies that the average dumping margins as high as 80.72%. Reporter from the China Iron and Steel Association's website that the U.S. steel market demand of about five million tons, China's steel mills accounted for about 2.2 million tons, valued at an estimated 2.7 billion U.S. dollars.

However, in liu jian, the United States against Chinese steel enterprises enterprises the "double reverse" the complaint because the United States production of oil pipe products to protect their domestic market "under the pretext of" it. According to him, the issue of steel imports from China is that the existence of ordering and delivery lag period, often when the market demand of the goods set to in a few months after that, then the market has dropped.

"The U.S. hard metal development in the fiscal critical purpose, the U.S. oil and gas drilling pursuit has been in the doldrums, the U.S. hard metal goods produced enterprises a many deal of inventory, notably lessened the demand, which makes many of the U.S. hard metal development faces difficulties." Kong ling ming advised reporters said that the United States over the past 9 months a large number of deals from China have become the new oil pipe store, which is the United States hard metal financial gatherings filed the direct source of complaint.

In detail, since the second half of 2008 the worldwide financial position to worsen, metal and iron alloy trade items to China has shown a fast decline. Customs facts and numbers display that in January 2009, China exported 1.91 million tons of iron alloy, a record 35 months since the reduced capacity of China's iron alloy trade items, dropped more than 50.

China Iron and Steel Association said previous that the applicable persons, "China's iron alloy trade items this year, very grave situation." Decline in international iron alloy demand as well as the cost of RMB admiration on China's iron alloy trade items to boost the influence of the great. Some enterprises trade items to none for some months.

Well-known professionals in the metal and iron alloy xu xiang chun said that, one time lost in China, China's iron alloy will be to enforce high anti-dumping obligations, the cost benefit will stop to live, that fundamentally means that the Chinese iron alloy market will have to remove from the United States.

"20 billion yuan steel exports blocked, it can be said is a big scale." Kong lin ming said with emotion.

The "double reverse" Obama is the investigation since he took office, the U.S. government launched China's first "double reverse" survey. "The rapid start, shows that the Democratic Party after the ruling hard-line trade policy." I do not want to be named, the long-term study of Sino-US trade relations expert, told reporters.

Prior to that, Obama has been the Government to other trading partners, launched the two "double reverse" investigation, respectively, for Indonesia and China Taiwan retail cloth bag, Argentina and South Korea's anti-nickel Pistons, while China's steel industry for the "double reverse" Obama has been investigating the Government's third move. "This year's anti-dumping, countervailing the prosecution will be greatly increased over previous years." The experts said.

Xu xiang chun accept as factual that with the shrinking of the international iron alloy market, will boost the number of alike problems. China should discover to use worldwide trade guidelines, defence of China's own interests. At present, personal part little and medium-sized oil pipe mostly decentralized output capability, we should work simultaneously to pattern a answer to the lawsuit. - 18780

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Discover What Sansa e200 Series is

By Anne Ahira

The Sansa e200 Series of mp3 players is a revolutionary design in your personal music player. There are a number of models for you to choose from that range in prices from fairly low to higher.

The Sansa mp3 players are normally a lower cost player that still presents some of the top features that lots of people are searching for in their music player.

The Sansa e200 series gives you an astoundingly huge space for saving music on your player.

There are several fantastic benefits to possessing one of these players including the 1.8 inch display and the video playback feature that arrives on these players. As well as these features, you will also have the ability to increase the memory and change your own battery on the gadgets.

SanDisk came into the Mp3 market in a significant method with their inventive players. They are offering a great many of the features that persons want at a big discounts for customers. It has turned the mp3 market on its ear as more familiar brands are scrambling to justify the prices of their players.

The Sansa e200 series is compatible with nearly all operating systems and the software that comes with the player may allow you to convert images and video for transfer on your player.

The design of these mp3 players is good and effective. The Sansa e200 is also very well made and may hold up well under standard use. The material is a sleek plastic that is not simply scraped.

There is a scroll wheel on the Sansa e200 series that makes it easy to go through all of your songs. The controls will hold up well with normal use and the device is solidly put together.

The battery on the Sansa e200 series is replaceable by you. Of course, you will need a small screwdriver to open the battery compartment. The Sansa e200 will also allow you to record FM radio. The Sansa e200 will allow you to expand the memory on the device and play video as well. - 18780

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Mobile will be set up to strengthen the domestic terminal OMS the international competitiveness of industry

By Zou

April 23, the newest centre expertise TD OMS / Android smartphone solutions. Based on the junction centre of the program, ZTE and LG will be commenced in May in the deepness of China Mobile TD oPhone customized phone.

Perhaps because of the observations of new yield, China Mobile Research Institute, chief director of terminals at the Sichuan Science and Technology took the possibility to quintessence customers in the Union General Assembly advertised that China Mobile will set up OMS Industrial Union, so as to get clear of the large global financial gatherings trust to guru the quintessence technical knowledge, thereby alleviate the constraints on enterprise development and enhance the in the household incurable for the global competitiveness of development power. OMS is supported on China Mobile's Android podium, Google deduced its own smartphone running procedure, which is identified by unconnected development, the use of open source technology.

Yu-Chuan pointed out that, 3G means that the mobile Internet era, Apple, Nokia, Google and other international giants are using their respective strengths in traditional areas, fast into the field of mobile Internet, providing end-to-end Internet model of the traditional telecom operators the formation of a lot of pressure, the current Softbank, Vodafone and France Telecom and other carriers are considering countermeasures. China Mobile, the world's largest mobile operator being terminal control areas, OMS operating system platform, this context is released, and China Mobile in the future to explore a business model.

In detail, China Mobile to construct the genuine reason of the League of OMS is: In alignment to move in the next affray in the Internet age sovereign expert, and bypass evolving wireless Internet "channel." China Mobile to construct the Union is founded on OMS: almost 500 million wireless telephone users. This is founded on the development tendency of the layout of a rainy day in advance.

First of all, through the introduction of OMS, to farther enhance the incurable with bundled portable services, and to the running procedure stage, the realization of portable services in the manipulate and organisation of portable handsets to enhance the recital of the enterprise fastened up.

Secondly, based on the Linux kernel in the introduction of mobile OMS is conducive to the future of mobile phone operating system have the right to speak; and OMS with Google in the Android source code level compatibility, but also to ensure that the OMS cell phone business in the future GM applications and code reusability.

With the makeup of full 3G, portable incurable manufacturers the value of the welfare of the flexible chain of bonds become more and more. Through the OMS Union, China Mobile can effect the triumph of its highly-developed flexible chain of bonds to the portable handset an widening of its environs in the portable incurable will be all voice appreciation, and eventually will help China Mobile is the portable handset incurable customization business.

In augmentation, the portable Internet era of personalized requests for paid job customers should be more diversity and complexity of the operators make their own enterprise requests for paid job to get concurrently buyer demand for all-round, there is a gap, and the OMS is the job of Union and give full play to their vitality , to recompense for this shortcoming. OMS and China Mobile as the initiator, but in addition in a natural manner into portable Internet services and requests for paid job providers, and sit firm in the portable Internet highly-developed flexible chain of bonds of the apex, dividing high profits.

Therefore, the running procedure to move the introduction of OMS brainy 3G struggle in China has not only stay at the practical stage, has got higher to the request for paid job level. - 18780

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Global motor vehicle oversized Shanghai Auto outlook throughout is fine

By Zou himfr

Which has just been published a quarter of car sales in China have overtaken the United States ranked first in the world of news, no doubt once again raise the global auto industry's strong confidence in the Chinese market. Auto show in the world have been a number of downsized or retired show rate of adverse situation, the Shanghai auto show has attracted the eyes of the world.

22 will be carried out by the Shanghai Motor Show 2009 will be the overall size of more than 170 thousand square meters, more than the last expansion of more than 20% decline in the global automobile market, car prices in the financial crisis, "precarious", the Shanghai auto show popular contrarian impressive performance of the parties in the breeze. It is reported from 25 countries and regions, more than 1,500 automotive-related enterprises, cross-car giant model of the world's first 13 at least, and local enterprises will be more bright display.

Branch of CCPIT vice person in accuse of the automotive development, said Wang, in item, the amount of the Shanghai Motor Show has exceeded the Geneva Motor Show Detroit Motor Show and other global exhibitions, are amply indicative of the worldwide motor vehicle development, the purpose of alertness of more and more "together" to the Chinese.

Organized by the beginning of the year in the United States, one of the world's five largest auto show in Detroit auto show, display size and decreased the number of exhibitors, many cars but the absence of unemployment; the Geneva Motor Show after it than before; and this fall's Tokyo International Motor Show is also facing a substantial shrinking, more than the North American car industry giants are no longer participating; and another exhibition in Frankfurt Auto Show a few days ago the industry also began to retreat was well-known car prices news show.

And in 2009 the world's premier auto display in stark compare to hard, the Shanghai auto display has become the industry's magnetic area, at dwelling and overseas to take part in vying commerce and enterprises have amplified the dimensions of exhibitors. Shanghai auto display this, a large German department vehicle line-up, the mass scale of 3000 rectangle meters public displaying in Germany graded first in the Department of cars; Benz booth more than 2.5 1000 rectangle meters locality, has amplified over the last 600 rectangle meters; the Bauma 2500 rectangle meters Taiwan has furthermore expanded over the last five century rectangle meters; Audi booth 1500 rectangle meters, will be solely in alignment to display the worldwide A-level measures and the grade of structures. In supplement, Porsche public displaying locality of more than 1 times the preceding expansion, more than 1000 rectangle meters.

Japanese car prices in the exhibition area of Toyota a record high, up to 4500 square meters, over the last nearly doubled; Honda, Nissan is also participating in the strongest line-up.

Despite the numerous adversities opposite overseas, the three foremost U.S. auto monster General Motors, Ford and Chrysler all reached at the view, General more to live at almost 5,000 rectangle meters of brandish locality of the large displays in the Chinese market continues the "predators" method, self-assurance is not by.

The localized depot is furthermore prepared, FAW, SAIC, Dongfeng, Chang'an, Canton vapour, six household Beiqi Automotive Group the first time in the pattern of a collective assembly of Shanghai auto display debut. Major household exhibitors to elaborate the dimensions of the depot have been presented or have been evolved for mass output of its own emblem vehicles, monster increase with cross-border affray in the identical plane and on the opportunity.

Downturn in the global economy significantly impact the situation of the automotive industry, China's auto market, "outshines" the achievements of the Shanghai auto show huge "magnetic." Munich, Germany, Chief Executive Officer of Mueller Group International Expo (Harald Muller) in Shanghai, said: "Due to the cost of cross-border auto giant is the reason why a reduction in the cost of the annual exhibition will be in accordance with its own strategy to give up a number of international exhibitions, concentrated in 12 major auto show, but their common ground is the preferred Shanghai, because China's market is the most important future growth. "

"Show the dimensions and leverage, the major cause behind the automotive market." Shanghai International Exhibition Co., Ltd., boss vice leader of land and Ren said, "The increasing tendency in China to support the automotive market, the Shanghai auto display this to these transnational monsters brings self-assurance and hope. - 18780

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