(Beijing Bloomberg) China's banking industry is undergoing dual pressure for high -risk real estate companies and the dual pressure of local government debt, which makes this industry's development prospect of US $ 57 trillion ($ 7.62 trillion) is not optimistic.
Bloomberg News reported on Tuesday (November 28) that Chinese banks may be required to provide unsecured loans to housing companies in a short time, and most of these real estate companies have default or are on the edge of breach of contract.As the profit of the banking industry is at a low point and a rising loan rising, this high -risk blood transfusion will bring huge losses to the industry.
It is reported that next year, Industrial and Commercial Bank of China and 10 other major banks may need to allocate $ 89 billion for real estate bad debts, which is equivalent to 21%of the expected pre -profit profit.More than a dozen bankers said that they are evaluating possible choices such as growth target layoffs.
Since the beginning of this year, in the context of supporting the real economy and continuously reducing policy interest rates, the bank's yield has declined rapidly, and the banking industry has been at a low profit point.According to the data of the State Administration of Finance and Administration of China in November, the data showed that in the third quarter of this year, the net interest difference between the profitability of the profitability of commercial banks fell to 1.73%and fell below the 1.8%cordon to refresh the low value of history.According to Chinese media analysis, the net interest margin will decline.
The bank is in the dilemma of not only to complete the task of serving the country, but also to ensure that the business is stable and maintaining financial security.
Last week, Beijing further increased the pressure on financial institutions, requiring to meet the reasonable financing needs of different ownership of housing enterprises.Soon, Industrial and Commercial Bank of China, Construction Bank, and Bank of Communications talks with real estate companies to promise to supplement liquidity.
Banks have also undertaken the pressure of local government debt.Bloomberg reported in July that large state-owned banks such as Industrial and Commercial Bank of China and China Construction Bank successively provided 25 -year long -term loan .Most of the current loans are 10 years.
A S & P global rating report states that urban investment debt reorganization may cause a capital impact of 2.2 trillion yuan in regional banks in China.
The government still hopes to be in the banking industry.The meeting of the Standing Committee of the National People's Congress announced by the China People's Congress on November 22 stated that the financial industry made the profit space for the real economy.
