VENTURE CAPITAL RESEARCH
Finance
The financial industry refers to the banks and related funds cooperatives, as well as the insurance industry, in addition to industrial economic behavior, the other is related to the economy of the financial sector.
The financial industry is a special industry, which includes banking, insurance, trust, securities and leasing.
Characteristic：
The financial industry has the characteristics of index, monopoly, high risk, high benefit and high debt.
Financial index
Index refers to the financial indicators of the data from all angles to reflect the overall and individual state of the national economy, the financial industry is a barometer of national economic development.
Financial monopoly
On the one hand, monopoly refers to the financial industry is the strict control of government industry, without central bank approval, any units and individuals are not allowed to set up financial institutions; on the other hand refers to the relative monopoly of specific financial services, credit business is mainly concentrated in the four major commercial banks, securities business mainly in Cathay Pacific, China, South and other national securities firms, insurance business mainly in PICC, Ping and metabo.
High risk
High risk refers to the financial industry is the center of a huge amount of funds, involving the various sectors of the national economy. Units and individuals, any errors in their business decisions may lead to the Domino effect".
Financial industry benefit dependence
The benefit dependence means that the financial benefit depends on the overall benefit of the national economy.
High debt management of financial industry
High debt management is relative to the general industrial and commercial enterprises, its own capital ratio is low. In the national economy, the financial industry is in the position of the whole body, which is related to the economic development and social stability. The unique position and inherent characteristics of the financial industry make the governments of all countries attach great importance to the development of the financial industry. There is a process of cognition and development in china. In the past, the development of China's financial industry is slow and irregular. After ten years of reform, the financial sector has grown at an unprecedented speed and scale. With the steady growth of economy and the deepening of economic and financial system reform, the financial industry has a bright future.
Development status
bond market
2009-2011 3 years, China's bond market circulation was 86475 yuan, respectively, $95088 and $69625. In 2009 and 2010 were more than in 2008 increased by 15748 and 24361 yuan (2011 issue size reduction is mainly caused by rapid reduction of counting circulation). Non-financial enterprises which bonds (including corporate bonds, short-term financing bonds, medium-term notes) were 15749 billion yuan, respectively, $15293 and $15333, an increase of more than 80% over 2008. In the self-discipline management mode, our country launched the medium-term notes of small and medium-sized enterprises, short-term financing bonds, medium-term notes, $smecn, ultra short term financing bonds and non-public debt financing instruments and other innovative products, widely welcomed and widely praised by market participants. According to the Bank of International Settlements Statistics, China's bond market has maintained the world's fifth consecutive years, the position of Asia's second.
Financial insurance industry
For the insurance industry, 2011 is a few happy tears. At the end of March, A shares four listed insurance companies in 2011 Annual Report full debut, total operating income of 901 billion 446 million yuan, an increase of 9.61%; net profit of 52 billion 266 million yuan, down 16.59% year-on-year growth rate than in 2010 decreased by 13.53 percentage points and 25.28 percentage points. Specifically, China peace best performance, net profit and operating income, net profit attributable to the parent company grew by 31.4%, 25.89% and 12.5%, and the three data Chinese life decreased by 0.87%, 45.31% and 45.49%.
Listed financial companies
51 online report data show that in the published annual reports of 1324 listed companies in 2011 total operating income was 17 trillion and 470 billion yuan, net income was 1 trillion and 740 billion yuan, an increase of 23.76% and 13.66% respectively, and in 2010 the company's total revenue growth and net profit growth rate reached 35.43% and 39.82% respectively. A shares and the overall decline in performance, the banking sector in 2011 still maintained a strong momentum of growth. At the end of March, in addition to the Nanjing bank, Beijing bank, China Everbright Bank and the Bank of Ningbo, the remaining 12 listed banks have announced the 2011 Annual Report, the 12 banks in 2011 total operating income of 2 trillion and 150 billion yuan, accounting for 1324 of listed companies total revenue 12.32%; net profit of 848 billion 900 million yuan, the average daily gain of 2 billion 326 million yuan, accounted for more than 48.79%.
Finance Branch
Auto Finance
Auto finance refers to the commercial banks, auto finance companies, insurance companies, trust organization and related service organizations for the main business, for consumers, car manufacturers and car dealers to provide financial services marketing field.
Auto finance service system complete with 3 main functions: for manufacturers to maintain sales system, integration of sales channels, provide market information; provide loan financing, financing, financing for equipment dealers; direct users to provide consumer credit, leasing, maintenance and insurance financing.
The automobile financial industry initial function is only to provide loan services to automobile production enterprises and its affiliated dealer inventory retailers, and allows its dealers to provide a wide selection of loans or leasing services to consumers. With the continuous expansion of its business scope and functions, automotive Financial Services Company began to gradually provide consumers, dealers and manufacturers to provide a variety of forms of full range of financial services
