中信打造小微成长双保险 Citic to make small micro growth double insurance

　　近年来，小微企业金融服务成为各大商业银行重点聚焦的业务领域，各银行纷纷推小微企业金融业务。中信银行(601998,股吧)在小微企业融资模式上创新求进，对小微企业进行了市场细分，尤其是针对“一链两圈三集群”的小微企业推出了“成长贷”系列产品，受到了广大小微企业的欢迎，“成长贷”产品打破了过去“抵押物崇拜”以及静态滞后的产品设计理念，转变成为动态、主动的风险控制理念和产品设计思路，实现了小企业贷款融资和风险管控的充分平衡，为小企业的不同发展阶段提供充足成长动力。

In recent years,Small micro enterprise financial services become each big commercial bank focusing business field,Banks have pushed little micro enterprise financial business.Citic bank(601998,guba)In the small micro enterprise financing mode innovation seek progress,For small micro enterprise on the market segmentation,Especially for"A chain two ring three clusters"Little micro enterprise introduced"Growth credit"Series products,By the majority of small micro enterprise welcome,"Growth credit"Product broke the past"Pawn worship"And static hysteresis product design concept,Into dynamic/Active risk control concept and product design ideas,Realize the small business loan financing and risk control full balance,The different stages of development for small businesses to provide enough growth power.

　　浦发为“基民”优中选优 Pudong development for"Base civilian"Optimal selection among

　　根据嘉实基金(博客,微博)与浦发银行(600000,股吧)签署的开放式基金代销协议，自2012年8月30日起，增加浦发银行为嘉实旗下开放式基金代销机构。至此，浦发银行已与40多家基金公司建立了合作，引进的基金产品达700多只，品种包括股票型、混合型、债券型、货币型等。据介绍，浦发银行“基金精品屋”使用晨星基金评级，重点推荐一年期、二年期评级4星、5星的优质基金。同时，“基金精品屋”推荐的基金产品具多样化特点，能满足投资者不同风险偏好、投资期限的需求。

According to the fine fruit fund(blog,Micro bo)And Shanghai pudong development bank(600000,guba)The signing of the open fund consignment agreement,Since 2012, aug. 30 day,Shanghai pudong development bank for fine fruit increased its open-end fund agencies.So far,Shanghai pudong development bank has more than 40 fund company established a cooperative,The introduction of fund products of more than 700 only,Varieties include stocks type/mixed/Bond type/Monetary type, etc.According to introducing,Shanghai pudong development bank"Fund JingPinWu"Use morning star fund rating,The key recommendation/2 years period rating 4 star/5 star quality fund.At the same time,"Fund JingPinWu"The recommended fund products with diversified characteristics,Investors can meet the different risk preference/The needs of the investment period.

　　

鹏华获保险资金管理资格 Peng won the China insurance funds management qualification

　　保监会近日公布新一批保险资金委托管理机构名单，鹏华等11家基金公司和6家券商机构同时入选。至此，鹏华已拥有公募基金、社保基金、特定资产组合、QDII和保险资金等管理资格，这也意味着国内基金管理公司正朝向综合化全能型资产管理公司发展。

The China insurance regulatory commission recently announced a new batch of insurance funds entrusted management agency list,Peng, such as China 11 fund company and six brokers agencies in at the same time.So far,Peng hua has public offering fund/Social security fund/Specific asset portfolio/QDII and insurance funds management qualification,This also means that the domestic fund management companies are headed to comprehensive all-round asset management company development.

　　

“城市热水银行”藏万亿盛宴 "City hot water bank"Hidden trillions of feast

　　你能想象我们使用的生活热水也能享有银行式服务，不仅具有账户管理、消费信贷功能，还能实现市场化与生态化的有机结合，让城市更加低碳环保吗？太阳能光热领军企业四季沐歌给出了全新答案。近日，一份来自华泰证券(601688,股吧)的调研报告称，1—9月份日出东方(603366,股吧)?四季沐歌太阳能工程市场总量增长迅速，预计未来公司净利润将保持在20%左右增速。

Can you imagine we use life of hot water can also enjoy the bank type service,Not only has the account management/Consumer credit function,Also can realize organic combination of market and ecological,Let the city more low carbon environmental protection?The solar energy light heat leading enterprise in the four seasons song gives new answers.recently,A from huatai securities(601688,guba)The investigation report says,1 to September sunrise east(603366,guba)?Mu four seasons songs solar energy engineering market continue to grow rapidly,The expected future company net profit growth will remain at 20%.

　　高速增长不仅来自渠道扩张，原因还在于该公司的“城市热水银行”开创了太阳能光热行业崭新的“一站式城市热水系统解决方案”服务模式，推动了太阳能建筑节能应用的创新升级。

High speed growth comes not only from channel expansion,The reason lies in the company"City hot water bank"Opened the solar-thermal industry brand new"One-stop city hot water system solutions"Service mode,Promote the solar building energy saving application of innovation upgrade.

　　事实上，在国际社会强烈要求中国绿色低碳发展的大背景下，推行建筑节能已经成为我国“十二五”节能减排重头戏。根据住房和城乡建设部统计，在我国现有近400亿平方米建筑中，99%均属于高耗能建筑。中信证券(600030,股吧)分析师认为，2011—2013年建筑节能每年市场规模约为5000亿—5600亿元，减排任务的贯彻将使节能建筑的比例不断提升，太阳能热水、热采暖以及热发电的在城市节能中的应用也会推广普及，未来太阳能光热将不再是千亿体量，而是万亿商机。

In fact,In international social urge China green low carbon under the big background of the development of,Implementation of the building energy efficiency has become our country"1025"Energy conservation and emission reduction grand opera.According to the statistics of the ministry of construction of housing and urban and rural areas,In China's current building nearly 40 billion square meters,All belong to 99% in high building.Citic securities(600030,guba)Analysts believe,2011-2013 year building energy efficiency market scale is about 500 billion - 560 billion yuan,The implementation of emission reduction task will be the proportion of construction which can be continuously improve,Solar hot water/Thermal heating and heat power generation in the city of the energy saving application will also popularization,The future will no longer be the solar energy light heat escape the mass,But trillions of business opportunities.

　　来自太阳能行业权威数据显示，2012年1—6月国内太阳能热水器零售额同比下降了35.25%，相比之下，围绕建筑节能的太阳能工程市场销售收入则连续三年增幅40%以上。从2010年起，不少太阳能光热企业已将市场重心转向包括宾馆、学校、医院等城市新建住宅及公共建筑节能改扩建项目。太阳能市场终端呈现由“单机销售”向城市“系统工程”转型之势。

From the solar energy industry authority data display,2012 1 - June domestic solar water heater retail sales fell 35.25% year-on-year,Compared with,Around the building energy efficiency of solar engineering market sales revenue is more than 40% growth for three consecutive years.Since 2010,A lot of the solar energy light heat enterprise already will market focus to include hotel/The school/The hospital and other cities new residential and public building energy saving reconstruction project.Solar energy market terminal by present"Single sales"To cities"System engineering"Transition of potential.

　　

英国邦瑞进驻中国市场 British nations red to enter into China market

　　英国邦瑞房地产公司北京代表处近日在英国驻华大使官邸举办酒会。邦瑞地产是富时250指数的成份股之一，也是英国唯一一家仍活跃在房地产各细分市场的开发企业。邦瑞中国区总裁白兮介绍，邦瑞在英国的房地产行业领先地位超过50年，拥有9000多块储备土地和2.5万套新建住宅，每年为伦敦创造产值20.4亿人民币。作为全英最大的住宅开发企业，邦瑞地产旨在为中国投资者提供专业的置业投资服务。对于中国消费者而言，拥有永久土地产权的英国房产具有无可比拟的吸引力。

British nations rui real estate companies Beijing representative office recently in the UK ambassador held residence.Bond rui real estate is the ftse 250 index of one component,Britain is also the only one still active in real estate development enterprise the market segment.Bond red China President white xi is introduced,Bond red in Britain and the real estate industry leader in more than 50 years,With more than 9000 piece of reserve land and 25000 sets of new housing,For the London every year to create the total output value of 2.04 billion yuan.As all Britain's largest housing development enterprise,Bond rui real estate for Chinese investors to provide professional real estate investment service.For Chinese consumers,Have permanent land property rights of British real estate has incomparable attraction.

　　嘉实三年业绩领跑前十公司 Fine fruit three years leading performance before ten company

　　在市场轮回起伏中，基金业长跑健将脱颖而出。据海通证券(600837,股吧)基金公司权益类基金绝对收益排行榜显示，截至2012年9月28日，最近三年间上证综指重挫26.51%，仅10家基金公司权益类基金逆市收益为正，而嘉实基金是前十大豪门中唯一一家榜上有名的公司，以6.65%的净值增长率在同期可比的60家公司中居第3。

In the market cycle in the ups and downs,Funds run out of.According to haitong securities(600837,guba)Fund company equity funds absolute income charts display,By the end of 2012 on September 28,,In recent three years the Shanghai composite index down sharply 26.51%,Only 10 fund company equity funds inverse city is income,And fine fruit fund is the first ten big clubs only a listed company,With 6.65% of the net growth rate than the same period in 60 companies in the third.

　

　险资管理资格再扩容 Risk resource management qualification to flash

　　继9月26日首批9家机构受托管理保险资金资格获批后，10月12日保监会发布第二批获准管理保险资金资格的机构名单，其中包括建信在内的17家基金公司和券商成为分享险资这块“大蛋糕”的新赢家。对于获得保险资金投资管理人资格的基金公司，有利于其在竞争中不断提升服务质量和品牌竞争力。

After September 26, the first nine institutions of insurance funds under management qualification after approved,On October 12, the China insurance regulatory commission issued the second batch of insurance funds to management qualification institution list,Including built letter, 17 home fund companies and brokerages become share risks endowment the"Big cake"New winners.To obtain insurance funds investment managers qualification of the fund company,In the competition to improve service quality and brand competitiveness.

　　景顺启动“信心重塑之旅” JingShun start"Confidence to reshape trip"

　　景顺长城近日启动“信心重塑之旅”，联合农行在深圳、北京等地开展巡回讲座，旨在通过与投资者互动交流，提振信心。10月12日“信心重塑之旅”到达深圳，景顺长城投资副总监、景顺长城支柱产业基金经理陈晖表示，目前市场已处触底过程，且大部分行业股票处估值低位，此时布局获取正回报的概率较高。

JingShun Great Wall recently start"Confidence to reshape trip",Combined agriculture bank in shenzhen/Beijing and tour to carry out the lecture,Aims to interactive and investors,Boost confidence.On October 12,"Confidence to reshape trip"Arrive at shenzhen,JingShun investment deputy director of the Great Wall/JingShun Great Wall pillar industry ChenHui fund manager said,The present market already place sole process,And most of the industries in the stock valuations low,The layout for the probability of high positive returns.

　　货币基金网上直销再创新 Monetary fund online marketing and innovation

　　近期鹏华货币网上直销完成第三次升级，鹏华货币基金的申请赎回在次日上午9时可实现划款。投资者申请赎回的鹏华货币基金，不仅可获得申请日的收益，也可在次日开盘前实现资金到账，且无赎回上限的限制。网上直销对货币基金的创新赎回机制，在提高投资者的资金收益的同时也提高了资金的流动性，具有领先意义。

Recent peng hua money online marketing finished third upgrade,Peng hua monetary fund application redemption in in the morning and can be realized in the row.Investors apply for redemptive peng hua monetary fund,Not only can gain benefits to the date of application,Also can be in the next day before the opening of capital account to realize,And no redemption caps.The on-line direct sale on monetary fund redemption mechanism innovation,To improve the capital of investor gains at the same time improve the liquidity,Leading meaning.

　　机构人物 Mechanism characters

　　易方达胡剑：

YiFangDa HuJian:

　　资金面促债市反弹

Financing area to promote bond market rebound

　　9月份中国制造业PMI为49.8%，仍在荣枯线以下，环比增幅也低于历史同期，表明经济增长疲软的大基调仍没有改变，固定收益类产品仍是弱市“避风良港”。易方达中债—新综合债券指数基金经理胡剑认为，由于目前政策力度尤其在央行层面，偏于保守的政策倾向比较明显，对于短期经济前景展望保持谨慎。面临三季度的资金压力，资金面趋紧的预期基本上可以消除。随着通胀压力下降，政府可能进一步降息或降准以刺激经济，这将推低债券收益率，对债券投资构成利好。

In September, China manufacturing PMI is 49.8%,Still in the vicissitude line,Link growth also lower than the same period of history,Show that economic growth is slowing big fundamental key is still no change,Fixed income products is still weak market"Shelter harbor".In YiFangDa debt - new comprehensive bond index fund manager HuJian think,Due to the present policy strength especially in the central bank level,Be conservative policy tendency is obvious,About the short-term economic prospects remain cautious.Faced with the third quarter of fiscal fund pressure,Tightening financing area expected basically can eliminate.With inflation pressure drop,The government may further rate cut or drop quasi to stimulate the economy,This will push bond yields low,To bond investment constitute a bullish.

　　工银何秀红：强化绝对收益

Work HeXiuGong silver:Strengthen absolute income

　　10月16日始发行的工银信用纯债基金经理何秀红透露，该基金固定收益类投资占基金资产的比例不低于80%，其中投资于信用债的比例不低于固定收益类资产的80%。海通证券曾做过2007年以来国债和企业债的长期累计回报研究，截至12年8月27日，中信标普企业债指数的累计回报30.08%，超过国债指数9.28个百分点。

October 16th originating done work silver credit pure debt fund manager HeXiuGong revealed,The fund fixed income investments accounted for the proportion of the fund's assets not less than 80%,The investment in the proportion of debt credit for not less than 80% of the fixed income asset classes.Haitong securities had done since 2007 QiYeZhai Treasury bonds and long-term accumulated return research,By 12 years on August 27,,The beacon tome QiYeZhai index of the cumulative returns 30.08%,More than national debt index 9.28%.

　　长盛添利杨衡：锁定双重收益

Long cheng termbray YangHeng:Lock double income

　　长盛添利30天理财债基经理杨衡认为，在目前不确定的市场环境下，考虑到货币市场资金利率较高的吸引力，30天等期限的短期理财基金产品的风险收益预期更加明确，能够在获取穿越周期价值的同时，保持较好的流动性和较低风险，可以在市场正能量积蓄、市场趋势出现较为确定信号后进行资产配置的灵活切换，有利于整体把握市场投资机会。

Long cheng termbray 30 days financial debt base manager YangHeng think,In the current uncertain market environment,Considering the money market funds rate higher attraction,30 days period, such as short-term financial fund product risk income expected more clear,To get through the cycle value at the same time,Keep good liquidity and lower risk,Can be in market is energy savings/Market trends appear relatively sure signal after asset allocation of flexible switching,To grasp the market overall investment opportunities.