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HC Valve Network: Closely-watched industry, construction, medium, size of the four lines refinancing, has finally been set.

Reporter has learned from authoritative sources, the State Department has agreed to the four major listed banks to refinance the total size of 287 billion yuan.

Reporter also noted that, while some bank financing options might change, but the banks will not change the size of refinancing.

2870 strict measure It is reported that the financing of large commercial banks and then high-level attention by the State Council. Earlier this year, the State Council held a special supplement in 2010 large commercial banks capital conferences. Since then, the CBRC held the big banks to refinance the forum, and then after the banks financing the scale of rigorous measurement.

State Council’s requirements, according to “A shares to raise that point the credit constraint, H shares a little more resolve, innovative tools to solve that old shareholders a little more” principle, the proper solution to larger problems of refinancing, and asked four banks to “put the number of loans and reduce the cash dividend rate, to maintain state-controlled status, the capital adequacy ratio of not less than the minimum standards, to consider the capacity of capital markets,” such as five prerequisites for specific data estimates.

In four banks to report the amount of refinancing, the State Council approved ICBC, China Construction Bank, Bank of China, Bank of refinancing amounted to 287 billion yuan.

The size of banks refinancing came out, respectively. Bank of Communications announced that it will in the two “A + H” allotment of shares for 42 billion yuan; Construction Bank announced the refinancing of the scale not more than 75 billion yuan; Bank of China and ICBC has not yet announced the refinancing of their size, but according to total 287 billion yuan scale projection, Bank of China and ICBC total size of the refinancing for the 170 billion yuan. According to the sources, the Bank re-financing scale of 100 billion yuan, the bank re-financing scale of 70 billion yuan.

As ICBC and Bank of China, the current program is “A + H shares of stock convertible bond placement” approach, in which Bank of China issued 40 billion yuan of convertible bonds, convertible bonds the bank issued 25 billion yuan, according projections If the Bank of China and ICBC refinancing program change, two lines from the Hong Kong market was 105 billion yuan refinancing size. Limit the scale of change

Refinancing Program before the end, some banks may refinance program has changed, but they are in the scale of the State Council approved the refinancing period.

To CCB patients, CCB refinancing programs through a number of sets of contrast and argument, the first selected program is non-public issuance of A shares finance 45 billion yuan, H share placement financing of 30 billion yuan lightning, but the election set is “A + H” two places at the same time allotment, according to every 10 existing shares allotted not more than 0.7 unit. A, H shares, respectively be placement of shares not more than 630 million shares, 157 million shares and A shares and H shares for shares of the same proportion, the maximum financing amount not more than 75 billion yuan.

CCB refinancing program changes, its size is always limited to the refinancing of 75 billion yuan. Therefore, even if the program ICBC and Bank of China has changed, the total size of the financing will not change.

Learned in the discussion of the various lines of re-financing options, maintenance of the status of state-owned controlling shareholders has been followed. Outside financing, the allotment is the only required in the financing of state-owned Shares, so the banks are for the maintenance of the status of state-owned shareholders to consider, in the possibility to reconsider the allotment of shares.

While the original thought for “business loans without banks” could be explained as “this is something that most commercial borrowers should take a look at”, the updated advice is “all business owners will need to do this sooner or later”. There are a number of earlier reports with strong suggestions to pursue business finance services that do not involve a traditional bank starting about five years ago. There are now new critical factors that have entered the scene, and the old reasons for this business financing perspective are still valid as well.

Wanting to find commercial loans without involving banks must certainly be an outgrowth of how unpopular banks have become in the current distressed economy. Thomas Jefferson is credited as the source of an early observation that seems to be more relevant than ever today (“Banking establishments are more dangerous than standing armies”), especially when viewed in combination with reeling economic conditions. In the contemporary setting, banks have undergone many structural changes that have nurtured a desire to leave bank relationships on hold.

Because of specific legal restrictions, banks cannot file for bankruptcy in the way that General Motors did but banks have still changed just as dramatically as if they had. Except in paid advertising, it has become even more rare for either businesses or individuals to speak positively about their bank, but many of us still have warm feelings about earlier banking days. The stories about giving toasters away have unfortunately been replaced by foreclosure and credit card abuses.

Inadequate external controls do seem to be a problem when banks are allowed to mismanage financial derivatives, and this has turned out to be an ideal illustration of banking in its darkest hour. While it is apparent that many politicians and bankers feel that the public does not deserve to ever know the real truth, more experts have come forward to talk about what a close call it really was (and most of these individuals also emphasize that we are not out of the woods yet). Perhaps Thomas Jefferson really did know what he was talking about when he observed how dangerous banks can be.

While there are more examples than we have room to talk about in a short article such as this, small business owners usually have two major reasons to avoid banks for their business loans. One is looking backward at how banks have performed and deciding that they deserve better. As one example, most commercial borrowers are aware that bailouts funded by taxpayers have not resulted in a normal level of small business financing.

With the second reason, just as nobody will knowingly go on a cruise ship if they are told by someone they trust that it is likely to sink, the increasing number of bank failures should serve as a cautionary signal to commercial borrowers. This concern is compounded when small business owners realize that very few of the still operational banks are consistently providing small business loans. If their bank is not up to the fairly normal task of offering business financing to them when they need it, a prudent borrower must be prepared to take their business elsewhere.

A clever approach to marketing the concept of business loans without banks is generally built upon a variation of the good cop and bad cop by merely comparing a “good” lender to the “bad” banks. To ensure that the main point (avoiding banks) is not overlooked, some lenders are using business financing slogans like “Think outside the bank”. Whether or not the advertising approach is convincing to small business owners, the ability to obtain commercial loans without bank involvement can help small businesses to prosper both with and without banks.