China CITIC Bank, which has a market value of 250 billion, wants to raise 120 billion.
The Industrial Bank, which has a market value of 300 billion yuan, wants to raise 130 billion yuan.
Lowering the deposit interest rate is not to let everyone spend or invest, but if the bank issues bonds with at least 3% interest, will you still spend or invest?
Some time ago, the interest rate of 30 billion perpetual bonds issued by China Merchants Bank was 341%, triggered a large number of financial institutions to subscribe, the total subscription amount of more than 75 billion, so the issuance of bonds by banks will lead to a large amount of money being diverted, resulting in no long-term funds to enter the market.
Next, there are more than 20 banks to finance, if calculated according to the scale of each 100 billion, this is 2 trillion, I don't know why our banks are so short of money.
There are two purposes of financing, either development or debt repayment, and now the construction of banking outlets is generally tightened, so the most reasonable explanation is to repay debts.
Real estate business accounts for 5% of the share of bank loans, it is understandable that banks are in a hurry to finance, such a big hole in real estate, will inevitably bring a large number of bad debts, but if this financing is to draw blood from the capital market, then it is quite difficult for the capital market to go bullish.
If the state issues special treasury bonds to supplement the bank's capital, instead of drawing blood from the capital market, it will lead to a further weakening of the RMB exchange rate, and more foreign exchange reserves will inevitably be consumed in order to maintain the stability of the exchange rate.
The main contradiction at present is the financial market risk caused by the property market, although the current ** is 2900 points, but it has not yet reached the point of affecting corporate financing, so how to solve the risk of the property market is the top priority of the current high-level management.
The capital market must be built on the basis of the removal of risks in the property market, and there is a long way to go.