But a short time, the three big credit-rating agencies the monopoly position in the international market is still difficult to shake. The three institutions have 96% of the credit rating market quota,hot expanded api 5L psl1 welded steel pipe the future a period of time, the western model and rules will still dominate international credit rating system.In Mr Guan's view, the solution is to build a new rating agencies can Asia rating responsibility, and build international "double rating" system.
Former French prime minister, the letter group international advisory council, Mr DE villepin said that Asia is becoming the pounding heart of the global economy, the western leading credit rating for Asia is a kind of dangerous,carbon steel 90-degrees angle welding pipe elbow must construct a keep principle, the monopoly, speak fair credit system, at present there is only one: the choice of establishing credit system in Asia.
He further stated that Asian credit system must be a model of credit system. In the aspect of risk assessment,JIS B2220 SOP FF 10K Flange through local Asian credit rating agencies, enhance the independence of the Asia; In "double rating" new ideas, fully considering the specific situation of the local environment as well as the global standard; In addition, in terms of credibility to improve, reduce the risk of conflict of interest, make credit rating once again return to the credit system.
2014年7月28日星期一
2014年7月1日星期二
Avoid regulatory bank cut European subsidiary swaps guarantee
After the financial crisis, the swaps market by tighter regulation of the United States government, America's big Banks, however, find new ways to avoid regulation.Specifically, including bank of America, citigroup, Goldman sachs, jpmorgan chase and Morgan Stanley,carbon steel ERW A106 steel pipe some Banks have started to modify some provisions of overseas subsidiaries swap contracts, to evade the authorities of the regulation of derivatives trading.
To this, there are, according to people familiar with the modified terms and conditions of the agreement is aimed at America's big Banks, London subsidiary or its and non-us swaps between Banks. Because these companies have to operate with a large number of swaps, according to the requirements related to the bank to regulators promptly disclose the details of the swap. And when the content of the part of the contract is modified,Carbon Steel A105 Industry Standard Welding Neck Flange the corporation need not guarantee for overseas subsidiaries of swaps. All contract debt entirely borne by overseas companies. On the premise of not by the parent company guarantee, such contracts will not be affected by us regulators to review.
Derivatives, a consulting firm (jack Chen Pronetik) President (JackChen) said: "cancel the guarantee measures of transfer of the legal responsibility of American corporate entities, and protect the trading behavior of overseas subsidiaries."
For Banks to swap contracts transferred to a subsidiary of the European, only by European regulators will bring many benefits. European derivatives trading rules of the earliest to wait until early 2016,hot expanded api 5L psl1 welded steel pipe and some bankers expected, even if the European regulation, its efforts will be far less than the United States. So, after the swaps parent company cut off contact with the United States, the United States parent company may further transfer part of the swap to Europe. Such a seemingly quietly shift, to give priority to with London European swap market, transfer of $700 trillion.
To this, there are, according to people familiar with the modified terms and conditions of the agreement is aimed at America's big Banks, London subsidiary or its and non-us swaps between Banks. Because these companies have to operate with a large number of swaps, according to the requirements related to the bank to regulators promptly disclose the details of the swap. And when the content of the part of the contract is modified,Carbon Steel A105 Industry Standard Welding Neck Flange the corporation need not guarantee for overseas subsidiaries of swaps. All contract debt entirely borne by overseas companies. On the premise of not by the parent company guarantee, such contracts will not be affected by us regulators to review.
Derivatives, a consulting firm (jack Chen Pronetik) President (JackChen) said: "cancel the guarantee measures of transfer of the legal responsibility of American corporate entities, and protect the trading behavior of overseas subsidiaries."
For Banks to swap contracts transferred to a subsidiary of the European, only by European regulators will bring many benefits. European derivatives trading rules of the earliest to wait until early 2016,hot expanded api 5L psl1 welded steel pipe and some bankers expected, even if the European regulation, its efforts will be far less than the United States. So, after the swaps parent company cut off contact with the United States, the United States parent company may further transfer part of the swap to Europe. Such a seemingly quietly shift, to give priority to with London European swap market, transfer of $700 trillion.
2014年3月20日星期四
Suggestions for the development of urban agglomeration in the middle reach of Yangtze river
During the NPC and CPPCC in 2013, as the representative of the National People's Congress of changsha city mayor Zhang Jianfei, mayor of hefei Zhang Qingjun Chen Junqing, wuhan, nanchang's mayor tang,Long radius 90 deg A234 pushing elbow each with a copy of the advice about promote the building of urban agglomeration in the middle reach of Yangtze river ", want to the urban agglomerations into the state plan.
Subsequently, the national development and reform commission has carried on the arrangement to the planning of the work,Carbon Seamless Steel Pipes Din 17175 ST35.8 last year, four provinces have for planning to carry out research work.Because is rushing around the city "into" planning, interior provinces through coordination, has been clear about the scope of main problem."Open in a few days before this year, the national development and reform commission released the news, in 2014 the work deployment of urban agglomeration in the middle reach of Yangtze river there are arrangements", regional director of the center for economic research, wuhan university Wu Chuanqing said."Four corners", he thought, at present is from "spin" stage entered the stage of steady progress.
Priority in 2014 released by the national development and reform commission (NDRC), including the capital economic circle development plan, development plan outline in the circum bohai sea region of Yangtze river, pearl river - xijiang economic zone development planning, development planning of urban agglomeration integration preparation work is on the list.
Hefei municipal development and reform commission official said, according to the requirements of the national development and reform commission (NDRC), "this plan will be officially launched this year",schedule 80 carbon steel pipe four city were asked to take out the planning of the first draft before April.As the focus of this year, the four cities are stepping up the compilation of the first draft of the plan.Draft plans, according to four city urban agglomeration in the middle reach of Yangtze river planning after the first draft is expected to be out before June this year, after will enter the relevant examination and approval procedures.
Subsequently, the national development and reform commission has carried on the arrangement to the planning of the work,Carbon Seamless Steel Pipes Din 17175 ST35.8 last year, four provinces have for planning to carry out research work.Because is rushing around the city "into" planning, interior provinces through coordination, has been clear about the scope of main problem."Open in a few days before this year, the national development and reform commission released the news, in 2014 the work deployment of urban agglomeration in the middle reach of Yangtze river there are arrangements", regional director of the center for economic research, wuhan university Wu Chuanqing said."Four corners", he thought, at present is from "spin" stage entered the stage of steady progress.
Priority in 2014 released by the national development and reform commission (NDRC), including the capital economic circle development plan, development plan outline in the circum bohai sea region of Yangtze river, pearl river - xijiang economic zone development planning, development planning of urban agglomeration integration preparation work is on the list.
Hefei municipal development and reform commission official said, according to the requirements of the national development and reform commission (NDRC), "this plan will be officially launched this year",schedule 80 carbon steel pipe four city were asked to take out the planning of the first draft before April.As the focus of this year, the four cities are stepping up the compilation of the first draft of the plan.Draft plans, according to four city urban agglomeration in the middle reach of Yangtze river planning after the first draft is expected to be out before June this year, after will enter the relevant examination and approval procedures.
2014年2月25日星期二
2014年2月18日星期二
Global stock markets evaporation at $3 trillion
Compared with the developed countries, emerging market stocks more serious situation.The MSCI emerging markets index has dropped to almost 5 months since a new low.Since this year, India,spiral steel pipes 1200mm diameter Russia, Brazil and Mexico's benchmark index fell more than 4%.According to bloomberg, due to the emerging market turmoil, global stock markets in the near future the market value of $3 trillion.
Just a few weeks, all of a sudden a series of adverse events will investors optimism of global economic growth this year to deepening worries.The Wall Street journal believe that the global stock market losses earlier mainly because of investor expectations of economic growth and corporate profits are too high.Lake, the chairman of the Richmond fed,long radius butt weld 90 degree elbow said that many investors are too optimistic, U.S. economic growth will only slightly more than 2% this year.The investors recently, has been popular twitter and 3 d systems company earnings expectations, lead to the two companies share price plummeted more than 18% and 25%.
Jpmorgan chief global economist kasman said that the global economy were pretty strong at the end of last year,ANSI B16.5 Forged Steel Flanges(USA) for size now it seems the economic outlook face greater risks than before.Pacific [0.00% of funding research to] one of the founders of investment management company, a bond king said the gross said, "get rich quickly" period has ended, stock and bond markets are so, investors should reduce the investment earnings this year.Fidelity, Goldman sachs and jp Morgan chase, however, Wall Street analysts are advised customers, after selling loss to keep cool.
Just a few weeks, all of a sudden a series of adverse events will investors optimism of global economic growth this year to deepening worries.The Wall Street journal believe that the global stock market losses earlier mainly because of investor expectations of economic growth and corporate profits are too high.Lake, the chairman of the Richmond fed,long radius butt weld 90 degree elbow said that many investors are too optimistic, U.S. economic growth will only slightly more than 2% this year.The investors recently, has been popular twitter and 3 d systems company earnings expectations, lead to the two companies share price plummeted more than 18% and 25%.
Jpmorgan chief global economist kasman said that the global economy were pretty strong at the end of last year,ANSI B16.5 Forged Steel Flanges(USA) for size now it seems the economic outlook face greater risks than before.Pacific [0.00% of funding research to] one of the founders of investment management company, a bond king said the gross said, "get rich quickly" period has ended, stock and bond markets are so, investors should reduce the investment earnings this year.Fidelity, Goldman sachs and jp Morgan chase, however, Wall Street analysts are advised customers, after selling loss to keep cool.
2014年1月19日星期日
Steel industry state lift buy-backs difficulty
About whether steel break net state response regulators are expected to call for joining the buy back shares, yesterday, the personage inside course of study in an interview with "securities daily" pipe fitting 45 degree LR elbows said that the current iron and steel industry of baoshan iron & steel or only capable of operating the matter of the listed companies.Because from the point of the iron and steel industry structure, to buy back shares, also should have certain capital and premise, first of all the assets of the company itself situation need more good;Secondly the company will have enough cash to buy back;Finally, the price-to-book ratio of listed companies must be low enough.The number of listed steel companies can meet these conditions is not much, "the present state of iron and steel only baosteel have this ability, the maneuverability of the other steel mills are not too strong."
Baosteel 2013 annual performance report released yesterday evening, influenced by steel sales price rise,ASME B16.9 45 Deg Long Radius butt weld Elbow baosteel total profit of 1.45 billion yuan in the fourth quarter, year-on-year rise slightly in the third quarter, a 4% increase.Company the annual operating profit achieved 7.69 billion yuan, 114.0%;Implement merge profit down 39.0% year on year, the final asset-liability ratio below 50%, the final total assets is beginning rose slightly.
But it is worth mentioning that baosteel as early as August 2012 has launched a total of 5 billion yuan of repurchase,Standard 150# Forged Carbon Steel Welding Neck Flange the buyback plan take eight months, during this period, shares rose 27.2%.But then, baosteel shares fell again, yesterday, baosteel shares closed at 3.79 yuan/share, and on August 27, 2012, (start buy back the day before) compared to 4.07 yuan/share price is lower by 6%.
Baosteel 2013 annual performance report released yesterday evening, influenced by steel sales price rise,ASME B16.9 45 Deg Long Radius butt weld Elbow baosteel total profit of 1.45 billion yuan in the fourth quarter, year-on-year rise slightly in the third quarter, a 4% increase.Company the annual operating profit achieved 7.69 billion yuan, 114.0%;Implement merge profit down 39.0% year on year, the final asset-liability ratio below 50%, the final total assets is beginning rose slightly.
But it is worth mentioning that baosteel as early as August 2012 has launched a total of 5 billion yuan of repurchase,Standard 150# Forged Carbon Steel Welding Neck Flange the buyback plan take eight months, during this period, shares rose 27.2%.But then, baosteel shares fell again, yesterday, baosteel shares closed at 3.79 yuan/share, and on August 27, 2012, (start buy back the day before) compared to 4.07 yuan/share price is lower by 6%.
2014年1月13日星期一
Thailand on the anti-dumping final high carbon wire rod in China held a public hearing
Recently, the ministry of commerce decided to Thailand, will be on January 13, 2014 in Bangkok on imports from China of high carbon wire rod anti-dumping final held a public hearing.Established as a result,hot rolled seamless steel pipe jiangsu shagang international trade company anti-dumping tax rate of 11.52%, the anti-dumping tax rate of 17.04% of the Qingdao iron and steel company, this 12.17%, other Chinese companies is 33.98%, the Thai ministry of commerce required stakeholders should be put forward written opinions before October 1 month.After the end of March 28, investigation is expected to decide the final anti-dumping tariffs.
In November 2012, Thailand on initiated an anti-dumping investigation against China's high carbon wire rod.On August 9, 2013,Hot Expanded welded spiral steel tube the Thai ministry of commerce to make a preliminary anti-dumping: jiangsu shagang international trade company of the provisional anti-dumping tax rate of 16.14%, Qingdao iron and steel company provisional anti-dumping tax rate of 26.96%, other 33.98% of Chinese enterprises.Provisional anti-dumping duty measures applicable period for 4 months, or as of December 8.
In November 2012, Thailand on initiated an anti-dumping investigation against China's high carbon wire rod.On August 9, 2013,Hot Expanded welded spiral steel tube the Thai ministry of commerce to make a preliminary anti-dumping: jiangsu shagang international trade company of the provisional anti-dumping tax rate of 16.14%, Qingdao iron and steel company provisional anti-dumping tax rate of 26.96%, other 33.98% of Chinese enterprises.Provisional anti-dumping duty measures applicable period for 4 months, or as of December 8.
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