The Impact Of Subprime Mortgage Crisis On Hunan Agricultural Development Bank And Countermeasures

The subprime mortgage crisis in the United States is also known as the subprime mortgage crisis.

It refers to a storm that occurred in the United States because of the bankruptcy of subprime mortgage institutions, the closure of investment funds, and the severe concussion of the stock market.

It has led to a looming crisis of liquidity in major financial markets around the world.

The US subprime mortgage crisis began to emerge in the spring of 2006, and swept the world's major financial markets in August 2007, including the United States, the European Union and Japan.

Recently, the US financial turmoil has been intensified as a prelude to the subprime mortgage crisis.

Fannie Mae and Freddie Mac, the largest two housing mortgage financing institutions in the United States, have been quickly taken up by the US government because of the serious shrinkage of loans. The fourth largest investment banks of the United States have applied for bankruptcy protection; the third largest investment bank Merrill Lynch Investment and securities company has been bought by Bank of America; the AIG, the world's largest insurance agency, is also in a bad prospect; the US government has urgently provided the United States International Group with 85 billion dollars in the pitional loan. The United States government has made an emergency response to the United States International Group (Lehman Brother Holding Inc).

The new financial turmoil has not only caused great turbulence in the international financial market, but also made a huge impact on the real economy of the developed economies, such as the US, Japan and Europe, and the losses have been increasing. The scope of the impact is expanding and the extent of the impact is deepening.

The impact of subprime mortgage crisis on Hunan Agricultural Development Bank.

Due to the pmission of international price increases, the cost of grain production and trade has increased.

According to the data released by the food organization of the United Nations, the price index of global basic agricultural products increased by 8% in 2006, up 24% in 2007, and 53% in the first 3 months of 2008.

At the same time, the rise in international prices has affected the rise in food prices such as grain and other raw materials.

According to a recent report from the world bank, wheat prices in the international market have increased by 181% over the past three years, and food prices have risen by 83% overall.

By the end of 9, the average purchase price of early indica rice in Hunan was 0.955/ Jin, up by 0.14/ Jin compared with the same period last year, an increase of 16.11%. The average purchase price of medium and late rice was 0.94 yuan / Jin, up 0.12 yuan / Jin, up 12.12%.

Because of the price difference between the international and domestic grain, there are signs of smuggling of grain in some places, and the problem of farmers reluctant to sell and some grain companies competing for food is inevitable.

The purchase of rapeseed.

The price of rapeseed has increased significantly over the past year due to the sharp rise in the price of domestic and international oil since 2007.

According to the survey, the average price of rapeseed in Hunan province increased by 2.3 yuan to 2.4 yuan / kg this year, up 0.8 yuan / Jin, an increase of 53.3%.

After the opening of the scale, the purchase price and resource competition of rapeseed, which is represented by Yihai grain and oil group and COFCO as a representative of a group of national and international oil companies, has been rising continuously. The purchasing price of Hunan rapeseed has been rising to about 2.85 yuan per Jin by the middle of July.

Since the end of July, the price of rapeseed has declined sharply with the international and domestic oil price "diving". At present, farmers (brokers) are selling around 2.1 yuan / kg, but the buyout companies are generally cautious, and have not yet made large-scale acquisitions.

Cotton acquisition.

According to the two report of the head office of the Agricultural Development Bank of China, on the annual acquisition situation of cotton in 2008, the cotton planting area in the year of 2008 is flat and the cotton output is expected to be over 7 million 600 thousand tons.

However, the cost of cotton planting increased by 120 to 150 yuan per mu, increasing by more than 10%.

Cotton farmers believe that the purchase price of new cotton is 3.4 to 3.5 yuan / Jin this year, and the lowest price acceptable is 3.2 yuan / Jin.

Buyout companies believe that the ideal purchase price is 2.6 - 2.8 yuan / Jin, 2.8 - 3.0/ Jin will be cautious acquisition, 3 yuan / Jin will basically stop buying.

In addition, most of the textile enterprises are at a loss or profit margin, and there are few profitable enterprises.

According to the statistics released by the small and medium enterprises Division of the national development and Reform Commission in August 3rd, more than 10 thousand small and medium-sized enterprises in the textile industry went bankrupt in the first half of this year, and another 2/3 of the textile enterprises were faced with restructuring.

A large number of textile enterprises have taken the initiative to reduce the operating rate and reduce output to cope with the structural adjustment of the industry and reduce the demand for cotton. This has led to a downturn in the cotton purchase market, and the acquisition progress of cotton will be lower than in previous years.

We should actively support post disaster reconstruction in response to the subprime mortgage crisis in the United States.

At the beginning of this year, Hunan suffered from a rare history of freezing disaster and suffered heavy losses.

The Party committee of the head office attached great importance to this. After second days of the Chinese New Year's work, relevant leaders of the head office directed the anti ice disaster relief work.

The agriculture development bank regards "rebuilding, protecting the people's livelihood" as the top priority of the whole line of work. Under the extremely difficult conditions such as water interruption, power outage and interruption of communication lines, all levels of banks start emergency plans in a timely manner, take emergency measures such as off-site operation and manual bookkeeping, so as to ensure smooth operation of the business operation system and relief funds, increase the docking of projects in the heavily affected areas, open up green channels, simplify the procedures for handling loans, shorten the time to run loans, and improve the efficiency of loan operations.

Among them, the Huaihua power group power grid 180 million yuan loan only completed 3 days to complete the loan procedures.

During the ice disaster, there were 185 docking projects involving about 8000000000 yuan in loans and 1 billion 520 million yuan in loans issued by the whole bank, which amounted to 1 billion 78 million yuan over the same period.

Among them, loans for grain and cottonseed oil were 348 million yuan, chemical fertilizer reserve loans were 117 million yuan, loans for processing and industrialization leading enterprises were 486 million yuan, 55 million yuan for agricultural small businesses and rural science and technology loans, 290 million yuan for rural infrastructure construction, 224 million yuan for comprehensive agricultural development and rural circulation system construction, and then awarded by the provincial government the honorary title of "advanced group against ice disaster relief".

We should do a good job in the management of grain and oil purchase capital supply.

This year, the Hunan agricultural development bank regards the "guaranteed purchase" as the top priority of its business. Starting from the height of safeguarding national grain security and farmers' interests, we must accurately grasp the credit policy, and do a solid job in the supply and management of grain and cotton oil purchase funds, so as to ensure that the party and the state's support policies for agriculture and agriculture are implemented.

In 1-9 months, grain and oil loans were accumulated 11 billion 228 million yuan, more than 3 billion 115 million yuan more than the same period last year, an increase of 38.4%.

Supporting enterprises purchasing grain 9 billion 6 million jin, an increase of 2 billion 178 million jin compared to the same period, and purchasing 810 million pounds of oil, an increase of 578 million jin compared with the same period last year.

Among them, the purchase of early indica rice loans is 9 billion 252 million yuan, supporting the acquisition of 4 billion 916 million kg of early indica rice, and the purchase of early indica rice and the amount of capital invested over the past year, ranking first in the country.

Cotton loans extended to 4 billion 948 million yuan. By the end of August, support for the acquisition of 3 million 639 thousand cotton in 2007 was the largest annual purchase in the same period of history.

At the same time, commercial reserve loans were accumulated 818 million yuan, and agricultural means of production loans amounted to 536 million yuan, supporting the sale of local chemical fertilizers, sugar, meat, tobacco and other reserves and means of production.

Among them, we support enterprises to reserve 985 thousand tons of chemical fertilizer, and maintain market supply and market price stability of farm produce and sideline products closely related to the production and daily life of the masses, ensuring the needs of agricultural production.