China Merchants Bank, the first to release the half-year report, bank stocks spring is not coming soon?

The bank's performance has always been good. But it has little to do with the rise of bank stocks. Bank stocks plate is too large, including ICBC and Agricultural Bank of China and other large-cap stocks, bank stocks do not fall, the broader market can be stabilized. So I don't think that bank stocks will rise significantly.

On August 13, China Merchants Bank released its 2021 semi-annual report. China Merchants Bank realized operating income of 168.749 billion yuan, an increase of 13.75% year-on-year; realized net profit attributable to the bank's shareholders of 61.150 billion yuan, an increase of 22.82% year-on-year.

Is not the bank stock spring is coming? Let's take a look at the nature of the bank:

1. The essence of China's finance is credit, the guarantee of credit is collateral, the collateral asset is real estate, so the essence of China's finance is based on real estate mortgage finance.

The essence of the bank is to rely on customer claims to obtain benefits, and the largest claim is real estate, which is very clear sketched out a line: the bank to make money by collecting interest, the interest will be put on the loan, the loan will be collateral, the large amount of collateral is real estate.

2, real estate seriously kidnapped the development of small and medium-sized enterprises : house prices rose the credit of the people of the country rose from the bank loans more money, the more money into the enterprise. The price of housing fell, all the bosses credit fell, draw more loans, the more run away, the more the closure of the enterprise.

Many people say that real estate has kidnapped the grassroots government, because many places have become land finance, in fact, more terrible and more widespread is the kidnapping of the development of small and medium-sized enterprises.

I often ask many bosses two questions: "Are you a man of honor?" Every boss replies that he is a creditworthy person. I then ask, "How much is your credit worth?" They were afraid to speak. I said, "I'll tell you the truth, it's useless to pat yourself on the back and say you're a creditworthy person, but if you show your real estate license, the bank will immediately think you're a creditworthy person and can give you money right away. When housing prices rise, your credit goes up and you can lend more money, and when housing prices fall, bank officers trick you into repaying your loan early, which is called pumping, and a large number of businesses that have been pumped to death by pumping happen when housing prices fall!"

3. What does the big increase in bank profits mean? It shows that a large number of enterprises have increased costs, the burden is heavier .

The real economy can not be separated from the virtual economy this is a fact, but the real economy has three major costs: operating costs + capital costs + tax costs. The cost of capital seriously eats into the profits of enterprises, leading to a decline in the competitiveness of enterprises. The virtual economy has a debt and equity market, I think it is necessary to reduce the interest rate of debt and promote the capital market of equity, which is the correct direction of development.

4. Where is the real spring in China's financial industry? When the financial industry is no longer collateralized finance, credit and collateral decoupling, the formation of big data credit system, is the enterprise and the financial industry *** with the spring .

As long as the current banking credit system is tied to collateral, real estate has swayed the amount of investment in small and medium-sized enterprises (SMEs), and innovation in real businesses is bound to be insufficient! Only when entrepreneurs or businesses can get credit loans through big data, can we realize the virtual economy and the real economy of the **** with the development. By then, real estate prices can fall! I hope this spring comes sooner!

Changes in the banking industry's data is the entire economy's hospital rain table, the difference is that this table is relative to the economic lag to draw out