"Bank Is A Disadvantaged Group" Is A Typical Selling Sprout.

Zhang Jianguo, chairman of the CPPCC National Committee and Bank of China's Construction Bank, said that the reform of interest rate marketization has reached a critical stage, and there will be many problems in the process of reform.

When Zhang Jianguo said "the bank is a disadvantaged group", the scene burst into laughter, and even Prime Minister Li Keqiang smiled with laughter.

The listed banks will announce the annual report in 2014 at the end of this month. According to the annual report of 2013, the five state-owned listed banks realized a net income of 1 trillion and 620 billion yuan in 2013. If the profits of the small and medium-sized banks were aggregated and the intermediate business income such as the interest rate differential, service charge, financial department fees and commission were increased, the profits of the banking industry had exceeded 2 trillion in 2013, and 2014 would go to a new level again.

The higher profits of commercial banks first came from the continuous credit expansion since 2008.

Over the past few years, about 500000 of credit has been accumulated and loans have been enlarged.

Interest rate income is positively related to the amount of credit input, benefiting from the total expansion. In 2009, 2010, 2011 and 2012, the annual profit growth of commercial banks is between 20% and 30%, and some radical small and medium-sized joint-stock commercial banks even appear 50% profit growth.

"Vulnerable groups" can get the highest profits and annual salaries in the world, so everyone is willing to do such a "vulnerable group".

Our total economic volume is about 1/7 of the whole world, but the profits of the banking industry are already 1/3 of the global banking profits. China's banking industry is undoubtedly the most profitable bank in the world.

However, in recent years, the voice of "selling Meng" of major executives has been increasing, and the interest rate liberalization has begun. Some people exclaim "the turning point of banking profit reversal". "The spreads narrowed, and a considerable portion of the profits were fed back to the real economy."

Now, the real economy is very difficult. Behind the trillions of profits is the fall of the real economy, but bankers are proudly saying "lying is not hard to make money". On the other hand, they also say with an affectation, "the level of interest rate in China's banking sector is low in the world."

At the practical level, in addition to the bank's policy, the banks have no way to settle their grievances, and under the bank led relationship between banks and enterprises, the bargaining power of the small and medium-sized enterprises is obviously weak.

After the liberalization, the interest rate of bank loans rose from the past 10% to a higher level, with repeated billing discounts, and strong selling and selling irrelevant products.

I even see a small business owner who has a little word on the cost of the bank over 200% of the bank's interest rate.

"Can you talk about the price?" some banks saw that when the enterprise was in trouble, the loan had not yet expired, but it was relentlessly frozen to deduct the capital of the enterprise. Sometimes the business was in a bad mood. The bank was lending money unreasonably for its own safety. It was like pulling out the oxygen tube for the severe patient of ICU.

In some places, banks and bad Guarantee Corporation have joined hands to collect debts, and the owners have been forced to kneel down, to compel debts or even force people to come.

People can't help asking, who is the "vulnerable group"?

One thing we know is that it is

Trillions of profits are not due to their own strong innovation ability, high risk management level, and excellent service, but because of the institutional dividend of special state control, license monopoly and interest rate protection for a long time. It has created the dazzling "world first" super profits of China's banking industry and the annual salary of millions of millions of dollars for specific groups. However, astronomical high profits and high salaries do not achieve healthy risk management culture and strong financial system, and the explosive growth of non-performing assets is a clear proof.

China joins

For more than 10 years, the share of foreign banks in the Chinese market is only one fraction, almost negligible, excessive protection and inadequate competition, and the marketization of interest rate has staggered. The long term "paternalism" and the greenhouse effect have spoiled China's banking industry, which will not be stronger, but will be more fragile.

We see that every time the interest rate marketization reform is on the move, some people will jump out and sell.

This time, Zhang Xing Chang, a founder of the Construction Bank, sold a moan and made a joke to the prime minister.

The premier smiled and the whole nation laughed! This miserable laugh!