银行股充当反弹急先锋

Bank shares rebound as pioneer

　　上周五，沪综指以大涨4.32%报收，银行股可谓功不可没。自11月底以来，半数个股破净的银行板块出现连续上涨，并最终引领沪综指连续收复2000点、2100点整数关口。

Last Friday,Shanghai composite index rose 4.32% in at,Bank shares is derived.Since since the end of November,Half of the net bank stocks plate consecutive rise,And finally lead the Shanghai composite index continuous recovered 2000 points/2100 point integer gates.

　　微评：在中央经济工作会议召开前夕，蠢蠢欲动的抄底资金终于按捺不住了，把金银炮弹砸向了A股价值洼地银行板块。银行股的第三季利润增速可圈可点，但却仍叫卖着“白菜价”，其低估值早已引起机构关注。大涨之后看空银行股的市场情绪已渐渐偃旗息鼓。

Micro evaluation:In the central economic working conference held eve,Bound copy the bottom finally cannot hold back the money,The gold and silver shells hit to the A share value depression bank plate.Bank shares the third season can profit growth,But still the wares"Cabbage price",The low valuation, has drawn attention mechanism.After of see empty bank shares market sentiment has gradually cease all activities.

　　巴黎银行透露增持动向

Paris bank revealed that increasing trend

　　南京银行(601009,股吧)大股东或易主

Nanjing bank(601009,guba)Big shareholders or easy to master

　　近日，一则有关法国巴黎银行通过合格境外机构投资者身份增持南京银行1.99%股份的公告，让业界对南京银行大股东即将易主的猜测增多，另外巴黎银行中国区高层表态称“计划增持南京银行持股比例至不高于20%”的市场消息，更令巴黎银行谋求南京银行第一大股东的意图显现。

recently,A relevant Paris bank through the qualified foreign institutional investors identity around nanjing bank shares 1.99% of the announcement,Let the industry of nanjing bank big shareholders will be easy to guess the Lord increased,In addition the Paris bank statement says China top"Plan around nanjing bank holding proportion to no more than 20%"Market news,Make Paris bank nanjing bank for the first big shareholders intentions revealed.

　　微评：去年以来外国大型银行纷纷减持中资银行股，巴黎银行的增持让市场颇感意外，难道是巴黎银行有感欧债危机笼罩下的欧洲银行业前景堪忧，欲借控股中资银行机会深度开发中国市场？抑或只是从投资增值的角度出发而增持？

Micro evaluation:Since last year, foreign big Banks have reduced the Chinese bank shares,Paris bank said let the market by surprise,Don't is Paris bank inductive European debt crisis under cover of European banking prospects are grim,Chinese Banks to borrow holding opportunity to the depth development of the Chinese market?Or just from the point of view of value investment and increasing?

　　兴业银行(601166,股吧)行长李仁杰：

Societe generale(601166,guba)President LiRenJie:

　　业务条线改革带来可观成效

Business line reform brought about significant results

　　兴业银行行长李仁杰近日表示，兴业正在推行的业务条线化改革带来的成效与释放的红利比较可观，公开披露资料也显示兴业业务增长势头不错。李仁杰还表示，银行业的同业业务才刚起步，中国金融市场容量庞大，机构数量众多，未来还有很大的市场空间。

The bank President LiRenJie said recently,Industrial is carrying out business line changes bring results and release of the bonus is considerable,Public disclosure of information also shows the business growth is good.LiRenJie also said,Banking trade business have just started,China's financial markets large capacity,Institutions numerous,The future and a large market space.

　　微评：兴业银行的业务条线改革，是股份制银行在利率市场化时代主动转型以迎接同业竞争和挑战的一个代表，兴业银行的同业业务优势已取得业内公认，李仁杰对同业业务的看法或许值得业界借鉴。

Micro evaluation:Societe generale business line reform,Is a joint-stock bank interest rate marketization age active transformation to meet the horizontal competition and challenges of a representative,Societe generale's trade business advantage has been recognized in the industry,LiRenJie to trade business views may is worth reference for the industry.

　　23家中小金融机构

And small financial institutions in the home

　　成立风险合作基金

The risk of the fund established cooperation

　　民生银行(600016,股吧)、包商银行、哈尔滨银行等23家金融机构11日在北京签署协议，正式成立风险合作基金，该基金采取了信托模式架构，联盟为基金托管人，由联盟直接实施救助或者委托成员单位实施救助，救助额最大可达1500亿元。

Minsheng bank(600016,guba)/Contractor's bank/Harbin Banks and financial firms to 11 signed in Beijing the agreement,The risk was formally established cooperation fund,The fund to take the trust model framework,Alliance for fund trustee,The union direct relief or entrust member unit relief,The largest amount of aid can reach 150 billion yuan.

　　微评：中小银行率先在存款保险制度上迈出了第一步，实现了由政府救助到市场化救助的创新。利率市场化过程中，中小银行可能面临更大的市场退出风险，与其羡慕大型银行的种种优势，不如彼此增加互助，提高 抗风险能力。（蔡恺）

Micro evaluation:Small and medium-sized Banks took the lead in the deposit insurance system made the first step,Realized by government aid to the innovation of marketing assistance.In the process of interest rate liberalization,Small and medium-sized Banks may face greater withdrawing from the market risk,Instead of envy large bank all sorts of advantage,As each other mutual increase,Improve the ability to resist risks.(CaiKai)