Shanghai Pudong Development “was financing” to move into doubt who is the bride who
March 3, Shanghai Pudong Development Bank Co., Ltd. (hereinafter “the Shanghai Pudong Development Bank”) issued a public notice, said: “with China Mobile Limited and its subsidiaries in respect of its strategic stake in the strategic cooperation and consultation being carried out. Because of the associated program still need to demonstrate the company’s stock to continue the suspension until after the resolution the board to make a timely announcement and resume trading. “
Various aspects of the introduction of a power stronger than themselves too much central level, whether it is a kind of feeling? This issue, perhaps Shanghai Pudong Development Bank itself is difficult to give an unequivocal answer 1:00. “The Shanghai Pudong Development Bank, the strategic cooperation is the most valuable.” Relevant banking source said.
Shanghai Pudong Development Bank declined separate ways on the one hand the media request for an interview the other hand, China Mobile Limited (referred to as “China Mobile”), the head of Mr. Wang is in the Two The prospects for bilateral cooperation during the frequent blowing warm air. The partners is relatively somewhat subtle performance, not help the industry in the concerns of the imagination.
Poor money Shanghai Pudong Development Bank
“150 billion funding scale, the press at June 30, 2009 assets at the end of the static calculations, raising funds become available, the core capital adequacy ratio of 6.22%, capital adequacy ratio of 9.65%, in the listed banks are still at a low level. “This is the Shanghai Pudong Development Bank September 17, 2009,” Shanghai Pudong Development Bank Co., Ltd. on the company’s long-term capital planning notice “in a description, the text refers to the year of 15 billion years of non-public directed additional funding amount.
This time the introduction of China Mobile, there are foreign media quoted from the Guotai Junan Securities Co., Ltd. in a research report, China Mobile Shanghai Pudong Development Bank plans to issue additional direction about 22 million shares, additional stake in China Mobile after the proportion of 20%. Guotai Junan’s report also said that this orientation to the issuance of shares of China Mobile 40 billion yuan fund-raising (about 5.86 billion U.S. dollars), Shanghai Pudong Development Bank will raise the core capital adequacy ratio to 10% or more, the overall capital adequacy ratio increased to nearly 14 %, which in the next three years to ensure business stability and rapid growth.
On the Shanghai Pudong Development Bank, the last few years to the outside world I feel like the money has been relatively poor. China International Capital Corporation Limited (hereinafter referred to as “the King”), Shanghai Pudong Development Bank, in its third quarter results for 2009 research report also pointed out that in 2010 is expected to need to continue to supplement its core capital.
According to latest requirements of the CBRC, large state-owned banks and small and medium commercial banks minimum capital adequacy ratio was increased to 11% and 10%, of which the subsidiary capital to supplement the amount of long-term subordinated debt can not exceed 25% of core capital, from that, Shanghai Pudong Development Bank’s capital is still an urgent need to add.
A local regulatory official told reporters, regulators stepped up this year, the reason why the regulatory requirements for commercial banks, mainly in the hope of those listed and unlisted commercial banks in the fast development, more robust pace.
“Is financing” doubts
In general, both inside and outside the industry will have a diametrically opposite view of things, attitude. This time, the Shanghai Pudong Development Bank and China Mobile has not yet formally charged to listen to the strategic cooperation that is all.
“Commercial Bank is not short of money.”, And brokerage and other areas of widely differing views of some market participants, a number of senior bankers, however, took this view.
According to banking industry sources said, in fact, from the bank perspective, “Banks generally do not want to let outsiders into the so-called equity investment, how to give banks what? Unless there are genuine strategic cooperation in other areas.”
We can see that Shanghai Pudong Development Bank and China Mobile’s hand, Shanghai Pudong Development Bank could take to receive a generous funds to supplement the capital adequacy ratio has been stretched beyond the rest is spread everywhere in the mobile phone initiative payment platform.
