Source: China News Agency
Author: Gao Zhimiao
On March 10, local time, the US Silicon Valley Bank (Silicon Valley Bank) was closed by the financial regulatory authorities for non -debt.From the announcement of the announcement of "Blasting Thunder", to the announcement of the bankruptcy closure, and to the affected large decline in U.S. bank stocks, Silicon Valley Bank's liquidity storm is still fermenting.
It is reported that Silicon Valley Bank was established in 1983 and provides financing for startups.The closure of Silicon Valley Bank is the second largest bank closure in American history, second only to Washington Mutual (Washington Mutual Aid Bank), which is closed in the 2008 financial crisis.
Media reports that as of the end of 2022, the total assets of Silicon Valley Bank were about US $ 209 billion (S $ 281.9 billion), and the total deposit was about 175.4 billion U.S. dollars.
Why did "Star Bank" suddenly go bankrupt?Hu Jie, a professor at Shanghai Advanced Financial College and former senior economist of the Federal Reserve, told the China News Agency that a question of Silicon Valley Bank is that the customer structure is too single, all of which are high -tech companies, and even some of the currency circle (digital currency currencyThe circle formed by the player) is related."Most of these science and technology companies themselves have no profit. They can easily raise funds when the funds are loose.
Yang Delong, chief economist of Qianhai Kaiyuan Fund, also said that Silicon Valley Bank mainly faces technology companies, and many technology companies have also been supported by Silicon Valley Bank.Silicon Valley Bank's assets exceeded 200 billion US dollars, which are relatively strong banks.Essence
The Fed's interest rate hikes have led to a large decline in US bonds held by Silicon Valley Bank."In order to meet the demand for storage households, Silicon Valley Bank has to sell holding bonds at a low price, which makes the bank face a relatively large investment losses. Panic and crowding tide caused Silicon Valley Bank to announce bankruptcy. Fortunately, Silicon Valley Bank mainly targets technology companies.So its bankruptcy is more examples, not systemic risks. "Yang Delong said.
The "Black Swan" incident affects many "nerves".Silicon Valley Bank announced that the day of bankruptcy was closed. As a joint venture bank of Shanghai Pudong Development Bank and Silicon Valley Bank, Pudong Silicon Valley Bank issued an announcement saying that Pudong Silicon Valley Bank was established in August 2012 and is a legal person bank registered in China.Pudong Silicon Valley Bank has a standardized corporate governance structure and has an independent balance sheet.As China's first science and technology bank, Pudong Silicon Valley is committed to serving Chinese science and technology innovation enterprises, and has always operated steadily in accordance with Chinese laws and regulations.
Industry insiders generally believe that the impact of Silicon Valley Bank's failure on the Chinese A -share market is relatively small.Yang Delong judged, "The current impact of Silicon Valley Bank's failure has not been transmitted to the A -share market.
Talking about how the banks are attracted to abstinence and prevent risks, Hu Jie reminded that the risk of commercial banks may come from business loss or liquidity."When there is a problem with liquidity, there is often a snowball -type self -amplifier effect, which quickly forms a vicious circle. As a conventional means of risk management, commercial banks should have cyclical pressure testing, plan ahead, and do a good job in dealing with various 'black swans'Or the preparation of 'gray rhino'. "
