Mexico Decides Not To Levy Anti-Dumping Duties On Chinese Denim.

According to the three quarterly report disclosed

Substantial increase in net interest income

Three quarterly reports show that Agricultural Bank of China, Bank of China and CITIC Bank achieved net profit of 100 billion 757 million yuan, 96 billion 301 million yuan and 24 billion 230 million yuan in the first three quarters, respectively, representing 43.63%, 21.52% and 40.9% growth over the same period last year.

In the three quarterly report, the Agricultural Bank said that this was mainly due to the substantial increase in net interest income and the rapid growth in net income of fees and commissions.

Net interest yield of ABC in the three quarter,

Bank of China indicated that the credit structure of the bank in the first three quarters was further optimized.

The ratio of loans to local government financing platforms and overcapacity industries has declined, and the credit growth rate of the real estate industry has dropped significantly.

The level of new RMB loans increased substantially, with an average interest rate of 6.43%, an increase of 125 basis points over the previous year.

The three quarterly report released by CITIC Bank shows that as at September 30th, the CITIC Bank Group achieved net interest income of 46 billion 966 million yuan, up 34.96% over the same period last year, and the net interest margin was 2.96%, up 0.35 percentage points compared to the same period last year. The net income of non interest earned was 8 billion 490 million yuan, an increase of 58.51% over the same period, and the net income of non interest accounted for 15.31% of its operating income.

In October 21, 2011, Mexico announced in the Government Gazette that since no Chinese mainland denim (HS Code was 5209.42.01, 5209.42.99, 5211.42.01, 5211.42.99) was dumped, it would not levy anti-dumping duties and declare the case closed.

The reason for this case is for the manufacturers of Mexico Kaltex, Global Demin and Swift Denim Hidalgo to apply for anti-dumping investigations to the Ministry of economic affairs of Mexico on 20 November 2009. As for the 11 importers, there are well-known companies: Manufactura Lee de Mexico, Mondy Mondy.

The Mexico Textile Industry Association said that the denim in mainland China dumped Mexico at the price of US $0.27 per square meter, which was cheaper than cotton. It has resulted in the closure of 7 Mexico manufacturers. It includes: La Fe, Tarrant de Mexico, Industrias Chemtex, Master Denim, Coporacion Industrial, Tarrant, de, and the director said that there were about 12 to 15 cowboy factories in Mexico, but now there are only 3 to 5.

From 2008 to 2010, the number from Columbia grew to 652%, and Pakistan also did well.

Mexico imports denim from the United States, the European Union and Columbia, because the free trade agreement is signed, so zero tariff import is from the general country (no free trade agreement is signed, for example: Taiwan, mainland China, Pakistan, India, Brazil and so on.

Levy 10% import tax.

In the first three quarters, the quality of commercial banks' assets continued to be optimized, and the balance and ratio of non-performing loans continued to maintain a downward trend.

The balance of non-performing loans of Agricultural Bank, Bank of China and CITIC Bank decreased by 12 billion 449 million yuan, 590 million yuan and 266 million yuan respectively than the end of last year, and the rate of non-performing loans decreased by 0.43, 0.11 and 0.07 percentage points respectively, compared with the end of last year.

The provision coverage rate of commercial banks continued to increase, and the provision coverage rates of Agricultural Bank, Bank of China and CITIC Bank were 237.89%, 223.01% and 250.26% respectively. Among them, the Agricultural Bank's provision coverage rate increased by 69.84 percentage points from the end of last year.

In the three quarterly report, the bank said that in the three quarter, the bank further reduced the exposure of European and American bonds and maintained adequate reserves.

At the end of 9, the Bank of China held RMB 97 billion 83 million yuan in European country bonds, most of which were issued by the governments of the United Kingdom, Germany, Holland, France and Switzerland and all kinds of agencies, and the risks were relatively low.

Bank of China does not currently own bonds from Portugal, Ireland, Greece and Spain. The book value of bonds issued by the Italy government and various institutions is only 454 million yuan, and the related impairment allowance has been prepared to balance 47 million yuan.

In addition, with the completion of CITIC Bank's refinancing, the pressure on risk assets of CITIC Bank was further alleviated, with a capital adequacy ratio of 12.83% and a core capital adequacy ratio of 10.43%, meeting the requirements of various regulatory indicators.