wot power leveling to alongFill liquidity assessment.����Third - AAU

Last week, haitong securities (micro-blogging) macro-level research team of Xian, Yanan between government departments, banks, real estate companies, local governments and private enterprises and small and medium enterprises financing platform for research, main research perspectives are summarized as follows: first class, in Government: still rely on investment, with a focus on promoting the construction of industrial clusters and Deputy City 1, in recent yearsEconomic growth averaging more than 13% in Xian City, in 2011, the city's gross domestic product (GDP) of 386.421 billion yuan, are calculated at comparable, from the 13.8%,--Shui region of Guanzhong better planning and implementation of future economic development. 2, composition, fixed-asset investments continued to be dominant, investment in fixed assets in 2011335.212 billion yuan, up 30.2% over the previous year, 0.2% per cent increase over the previous year, after deducting price factors actual growth 23.5%.����2012 fixed-asset investment growth rate fell because of impact adjustment and macro-economic situation, focusing on structure optimization. 3, structural optimization focused on promoting mainly in two ways: first industry in weibei setGroup, aviation military-industrial complex of Yanliang; second, three sub-Center City (Yanliang and the Lintong and Hu County) construction, finance has been set aside funds for infrastructure in these regions. Second, banks: loan demand is 1, the main credit does not reach the expected National Bank: (1) new loans have fallen sharply is notInstruction window of the Bank, and is indeed fall in loan demand. And the February new credit might not be too good, might be lower than January, year 8 trillion new credit might not be met, flat with last year. (2) loan to deposit ratio limit the lending capacity of banks is a false proposition! For State-owned banks, loan to deposit ratio is just a monitoring indicators, there is no hard limit, fullyTo break through.����In September 2011, Bank of China, industrial and commercial bank loan ratio, 78.39% wot power leveling, respectively. 2, the joint-stock Bank: (1) major causes of weak loan demand is a new credit, and (2) Bill last year out of their settlement world of tanks power leveling, financing tools, now back to the clearing functions, so reducing prices fell (and credit requirementsDeclined anastomosis), should not be excessive interpretation; (3) small and medium-sized bank does will was deposit and loan than limit; (4) customer select Shang, more tendencies Yu SMEs, get high loan income, on State-owned enterprise control force weak, its loan using dispersed difficult to again return Bank formed deposits, thus loan wishes insufficient; (5) financial products now does not make money, is is lose money sold shout, to alongFill liquidity assessment.����Third world of tanks power leveling, departments in charge of real estate: affordable housing funding assured, regulation of not touching the red line 1, 2011 year exceed the target of subsidized housing construction, 2012 target to reduce by almost 20%. 2, protection of sources mainly local finance and bank loans. Low land costs, provincial and municipal financial subsidies, loans of commercial banks willing to, does not existIn passive lending, lending CDB also coming in. 3, restriction of XI ' an effect of house prices is small, mainly in real estate transactions on the back, similar cities were not warmed up after the lunar new year. SINA declared: this message is reprinted from Sina media partners, SINA posted this article for purposes of passing more information, did not mean to endorse its views or confirmsIts description. Article content is for informational purposes only and does not constitute investment advice. Investors a basis for action, at your own risk.