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Inventory of iron and steel trader in Jiangsu and Zhejiang mortgage by big tree
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Inventory of iron and steel trader in Jiangsu and Zhejiang mortgage by BIG TREE
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| Article Posted: 07/02/2010 |
| Article Views: 42 |
| Articles Written: 1033 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 779 |
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Inventory of iron and steel trader in Jiangsu and Zhejiang mortgage |
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Business,Business News,Business Opportunities
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Window regulators for the banking industry once again guide the sword wielding, directed lending steel Jiangsu and Zhejiang Provinces. Recently, this reporter learned that, due to the phenomenon in parts of the steel stocks for serious, with the recent credit tightening, regulators began to worry about high rate of iron and steel traders in mortgage loans and other issues. Currently Banking sector in Jiangsu and Zhejiang area has been the first to check class steel trading mortgage loans.
Keep stocks a critical situation
With the recent tightening of credit policy, the domestic steel prices fell further in the near future face the possibility of bank credit risk while steel is also accumulation.
In the past year, steel prices experienced a surge in the process. However, since mid-January as the credit tightening, steel prices have been quite obvious signs of decline. Zheng Ge, Wanda futures researcher pointed out that "most heavily dependent on iron and steel traders to bank loans, steel prices will likely fall to traders unable to repay loans, banks have bad loans that may arise."
Steel traders keep stocks fell led to this round of the important reasons of domestic steel prices, steel traders loans loans market, the quality of most concern. According to a Beijing research institute of research, currently in Jiangsu and Zhejiang, Wuhan Iron and Steel store goods and other areas is most serious.
Monita researcher Qi Yifeng that led traders to keep stocks rising steel prices virtual, so once the impact of tightening credit on steel prices on a great, if there is no huge amount of store goods, steel prices fell in the risk smaller.
Nevertheless, the behavior of steel traders store goods continues. "The current trading warehouse receipts loan mortgage rates ranging between 70-80%, if steel prices decline 20%, the banks risk of such loans will increase accordingly." Xiangcai Securities Banking researcher said Yeung Sum concern .
Steel traders into focus
Based on these concerns, first launched in Jiangsu and Zhejiang Banking sector loans against inventory action steel traders. Shanghai a large security company responsible said, "Nationally, Jiangsu and Zhejiang steel trade is relatively high exposure category."
Suzhou branch of a joint-stock bank head said, "The inventory has been started but not yet involved in our branches, inventory focused on the steel warehouse receipts for the loan rate and the authenticity of the pledge, mortgage rates more than 70% of loans to be clean. "
Traders are truly to experience the power of the inventory action. Beijing steel industry for a futures company researcher said, "1 started to tighten credit later this month, the Jiangsu and Zhejiang, said traders were also not affected, but in the last week, traders have started Jiaokubudie."
It is reported in this inventory, if the iron and steel traders of mortgage loans is higher than 70%, regulators are requiring banks to inform the traders to increase the collateral or early return of part of the loan; if there is a false pledge of warehouse receipts pledge phenomenon, then the trade are required to advance all of the repayment, the lending bank must be punished accordingly.
In fact, the Jiangsu and Zhejiang on the steel trade of false warehouse receipts loans pledged in November last year has been focused on cleaning up too. "Some traders with a number of false warehouse receipts as security for loans, and by virtue of the hands of a true extract of spot selling warehouse receipts, collateral at a time when banks no longer exist, in order to avoid losses, last October, in November, the bank to steel traders have large warehouse stock closed positions. "the researcher said a Beijing futures companies.
In addition, the steel Jiangsu and Zhejiang also received other loans regulatory control. According to a senior Shanghai Banking sources, "can confirm that the current fixed asset loans of the steel industry has been halted, regulators require large banks out of the small banks are not allowed to access disk, but the steel industry was the liquidity class of loans not affected. "
According to report, the current inventory of loans for the iron and steel trader in Jiangsu and Zhejiang is also limited. Shenzhen, a security company has said, "Shenzhen loans to small traders of steel, I've never heard of Shenzhen in the inventory of loans to carry out similar actions."
"The current trading warehouse receipts loan mortgage rate was 70% -80%, and if steel prices fell 20%, the risk of such loans banks will increase accordingly." Xiangcai Securities Banking researcher said Yeung Sum concern. I am China Product writer, reports some information about citrus pectin , calcium lactate.
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