Tuesday, November 29, 2011

Nov 29 - Significant Changes in Electricity Demand Structure During the 12th 5-Year Plan


Source: ChinaScope Financial (Data), Chinanews.com
+   It is predicted that there will be considerable changes in the structure of China’s electricity demand during the 12th 5-year plan, with industrial electricity demand declining and residential electricity consumption growing at 12%-13%.
+   In the field of clean energy it is predicted that the national hydropower production capacity will reach 260 million KW, that installed nuclear power capacity will reach about 40 million KW, and that installed solar photovoltaic capacity will reach 10 million KW by 2015.
+   Related Data: Total Electricity Consumption, Production Volume of Key Household Appliances

Urban and Rural Residents’ electricity consumption keeps a stable growth in these years.

The production volume of key household appliances shows a solid base for increase in electricity consumption in household sector.

For more data of household electrical appliances industry, please visit www.chinascopefinancial.com


Other News Headlines Today
  • CBRC Official: Overall NPL Rate in Chinese Banks is Less Than 2%
  • China’s Oil Import Dependency Will Exceed 60% in 2015
  • Everbright Bank: Prepares H-Share IPO at 60% of Original Financing Amount
  • AUD and CAD New Direct Trading Currencies in Inter-Bank Foreign Exchange Market
  • Other Translated Summaries


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Nov 29 - China’s Oil Import Dependency Will Exceed 60% in 2015


Source: ChinaScope Financial (Data), Beijing Times
+    Although the growth of China’s oil consumption is set to decrease during the 12th five-year plan (2011-2015), oil import dependency is expected to exceed 60% by 2015. This is partially due to the fact that domestic oil production has entered a stable growth stage.
+    According to the ‘2010 China Land and Resources Communiqué’ released by the Ministry of Land and Resources, China’s oil import dependency was 54.8% in 2010.
+    Based on the oil consumption elasticity of 2005-2010 and the economic growth rate of 2011-2015, it is estimated that oil consumption will grow at about 4% in 2011-2015, amounting to consumption of 500-520 million tons oil in 2015.
+    Related Data: Composition of Total Petroleum Avaiable for Consumption, 2009 Proven Crude Oil Reserves by Country, Crude oil imported volume and value, Crude oil imported value by country.

Imports proportion of petroleum keeps on increasing with the development of China.

 

Due to very limited oil reserves, China has to import most of crude oil from overseas.
For more data of oil industry and companies, please visit www.chinascopefinancial.com



Other News Headlines Today
  • CBRC Official: Overall NPL Rate in Chinese Banks is Less Than 2%
  • China’s Oil Import Dependency Will Exceed 60% in 2015
  • Everbright Bank: Prepares H-Share IPO at 60% of Original Financing Amount
  • Significant Changes in Electricity Demand Structure During the 12th 5-Year Plan
  • AUD and CAD New Direct Trading Currencies in Inter-Bank Foreign Exchange Market
  • Other Translated Summaries


If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here.


Nov 29 - CBRC Official: Overall NPL Rate in Chinese Banks is Less Than 2%


Source: Beijing Times
+   Yan Qingmin, assistant Chairman at the China Banking Regulatory Commission (CRBC), said that the overall non-performing loan rate in Chinese banks is less than 2%, meeting the standard of international banks.

+   According to a recent assessment by the IMF, China’s financial system is stable. Were, however, credit, real estate, exchange rates, and debt problems to occur at the same time, the health of the large domestic banks would be at risk.


+   Related Data: NPL, Loans


Impairment-to-New Loans ratio keeps rising despite consecutive drops in NPL.
 Trading Comparable

For more data of other banks, please visit www.chinascopefinancial.com

Other News Headlines Today
  • China’s Oil Import Dependency Will Exceed 60% in 2015
  • Everbright Bank: Prepares H-Share IPO at 60% of Original Financing Amount
  • Significant Changes in Electricity Demand Structure During the 12th 5-Year Plan
  • AUD and CAD New Direct Trading Currencies in Inter-Bank Foreign Exchange Market
  • Other Translated Summaries

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com.  If you'd like to try out ChinaScope Database, apply for a trial here.



Monday, November 28, 2011

Nov 28 - Insurance Fund Investments Increased 142.05 Billion in October


Source: ChinaScope Financial (Data),Shanghai Securities News
+   In the first ten months, bank deposit for the entire industry was 1.68 trillion yuan, investment at 3.68 trillion yuan, and assets amounted to a total of 5.82 trillion yuan.

+   The top three Chinese life insurance companies are China Life Insurance Co., Ltd. (SSE: 601628, HK: 2628), Ping An Insurance (Group) Co. of China Ltd. (SSE: 601318, HK: 2318), and NCI.

+   The top three foreign financial insurance companies are Chartis, Liberty Mutual, and Tokio Marine & Nichido.

+   Related Data: Investment Assets, Bank Deposits

The proportion of Investment Assets to Total Assets has been declining since 2008 despite of the sustained growth of Investment Assets itself.
  
For more data of other insurance companies, please visit www.chinascopefinancial.com

Other News Headlines Today
  • Four Large Banks with 470 Million Credit Line Balance in a Dilemma
  • CNCA: Will Reasonably Control the Excessive Growth of Coal
  • The Release of 12th Five-Year Plan on Cement Industry Encourages M&As
  • Wind Power Industry Falls to a Rational Level, Opportunities Emerge in the Sub-sectors
  • Four Out of Ten Companies with the Largest Losses in the A-Share Market Are Shipping Companies
  • Shenzhen City Government Issue Bonds Worth 2.2 billion at Low Yield

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Nov 28 - CNCA: Will Reasonably Control the Excessive Growth of Coal


Source:ChinaScope Financial (Data), Xinhua
+  Wang Xianzheng of the China Coal Industry Association (CNCA) said earlier that the industry will implement measures to curb the unreasonable demand for coal, actively promote coal production, and practice changes to control the total amount of coal.

+  When the new measures are implemented, the proportion of coal in the consumption of primary energy will decrease from above 70% to about 65%.

+  Related Data: Total Consumption of Energy and Its Composition, Consumption of Coal by Sector, Annual per Capita Coal Consumption of Households, Coal Consumption Rate of China Power Supply

The proportion of coal consumption to primary energy consumption is decreasing year by year.


IPP industry is the largest consumer of coal and will face the greatest impact due to the restructuring of energy structure.


Both the household and power supply sectors are improving their efficiency in coal consumption.

For more data of coal industry and companies, please visit www.chinascopefinancial.com


Other News Headlines Today
  • Four Large Banks with 470 Million Credit Line Balance in a Dilemma
  • Insurance Fund Investments Increased 142.05 Billion in October
  • The Release of 12th Five-Year Plan on Cement Industry Encourages M&As
  • Wind Power Industry Falls to a Rational Level, Opportunities Emerge in the Sub-sectors
  • Four Out of Ten Companies with the Largest Losses in the A-Share Market Are Shipping Companies
  • Shenzhen City Government Issue Bonds Worth 2.2 billion at Low Yield

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com.  If you'd like to try out ChinaScope Database, apply for a trial here.



Nov 28 - 4 Large Banks with 470 Million Credit Line Balance in a Dilemma


Source: ChinaScope Financial (Data), China Times
+   According to the data released by the Central Bank, the new credit line from Jan-Oct for the four large banks was 2.24 trillion yuan, and in contrast to the annual new standards developed by the four large banks, the amount of credit line will only be about 47 million yuan for the last two months of the year.

+   The loan increase of the four large banks in 2011 is: ICBC at 880 billion yuan, CCB at 750 billion yuan, ABC at 620 billion yuan, and BOC at 600 billion yuan.

+   Related Data: Total Loans and Deposits, LDRs, Trading Comparables of Related Banks




The LDRs of the other three major banks remain low except that of BOC.
Trading Comparable



For more data of other banks, please visit www.chinascopefinancial.com

Other News Headlines Today
  • CNCA: Will Reasonably Control the Excessive Growth of Coal
  • Insurance Fund Investments Increased 142.05 Billion in October
  • The Release of 12th Five-Year Plan on Cement Industry Encourages M&As
  • Wind Power Industry Falls to a Rational Level, Opportunities Emerge in the Sub-sectors
  • Four Out of Ten Companies with the Largest Losses in the A-Share Market Are Shipping Companies
  • Shenzhen City Government Issue Bonds Worth 2.2 billion at Low Yield

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com.  If you'd like to try out ChinaScope Database, apply for a trial here.



Nov 25 - The ‘12th Five-Year Plan’ on Shanghai’s Insurance Industry Released

Source: ChinaScope Financial (Data), Hexun Insurance
+       During the 12th five-year plan period, Shanghai’s insurance industry will be a core part of the policy initiative to make Shanghai an international financial center.

+       By 2015, the total premium in Shanghai’s insurance market will reach RMB 135-165 billion, with insurance penetration rate at 5.4%-6.6%.

+       Related Data: Direct Written Premiums, Insurance Penetration

Comparison of DWP and Insurance Penetration for major provinces and cities


For more data of other insurance companies, please visit www.chinascopefinancial.com

Other Headlines of Nov 25th, 2011:
  • PBOC Keeps Injecting Liquidity via Open Market Operation
  • The ‘12th Five-Year Plan’ on Shanghai’s Insurance Industry Released
  • Trading Volume of Commercial Property Drops
  • Chinese Liquor Companies Shifts Investment Focus from Real Estate Back to Their Main Business
  • Photovoltaic Companies Report Large Losses, Excess Production Capacity Leads to Fierce Competitio


If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com.  If you'd like to try out ChinaScope Database, apply for a trial here.