地产银行

Supervision authorities have constantly issued the financial policy, which has weakened the lean of enterprise to bank credit, leaded the development of the affiance, real estate funds and other innovative financial instruments on the objective; The upgrade and polarization of real estate decided its brand-new trend of financial market.

监管当局不断出台的金融紧缩政策削弱了企业对银行信贷的依赖，在客观上带动了信托、地产基金等金融创新工具的发展；而产业自身升级与分化则决定了未来房地产融资市场的崭新格局。

In February this year, warned that Hong Kong property market in a short period of time may cause a sharp rise in speculation, overheated or foam situation HSBC Asia-Pacific Mr David Eldon, Chairman, it was recently said that the Hong Kong property market has entered a a period of consolidation, he was the current property market was at ease.

在今年2月警告说，香港的地产市场，在很短的时间内可能会导致投机活动急剧增加，过热或泡沫情况汇丰银行亚太艾尔敦先生，主席，有人最近说，香港香港物业市场机管局已进入巩固期，他目前的房地产市场是在纾缓。

Three months ago in a seminar, a deputy governor of the province of the China Construction Bank revealed that the real estate companies in more than 75% of the average debt rate, the more high-achieving 90%, real estate development chain fragile!

在3个月前的一次研讨会上，省建设银行一位副行长透露，现房地产公司的平均负债率在75%以上，高的更达到90%，房地产开发链条十分脆弱！

For the incompliant lending patterns mentioned above, on commercial banks part, improving the management and business technique will reduce, or even eliminate the incompliant behaviors in the pre-investigation process. From the Central bank and China Banking Regulatory Commission side, setting the inner network in the same industry, controlling the ratio of real estate loan, and enhancing the penalty to suppress the development of incompliant lending of real estate are effective ways to control risk. Fundamentally, the government should conduct the developer of real estate to search for the new financing mode to improve the stability and development, this might include some measures as follows: improving the liability financing structure of large real estate companies, develop the Reits and support its securitization to form the multi-financing.

对上述违规模式，从银行内部提高管理及业务水平方面，本文提出了针对性的风险防范措施，可有效地将违规的苗头扼杀在贷前调查过程中；从央行及银监会角度，可以通过建立同业信息沟通网络、严格控制房产信贷比重、加大违规惩戒力度等手段抑制房地产违规信贷的发展；而最根本的，政府应当引导房地产开发企业寻找新的融资渠道来促进房地产行业稳定和健康的发展，包括改善大型地产企业的债务融资结构、发展房地产投资信托基金及推动房产抵押证券化等方式形成房地产多元化融资的格局，这样，房地产违规信贷模式也就不攻自破了。

Lipper China, in charge of research that Feng Zhiyuan, banking, real estate, cement industry is cyclical, and so on to support China's economic growth in key industries, China's fixed asset investment in post-Olympic significant growth, although China's third Quarter slowdown in economic growth, but the cyclical industry has returned to growth momentum, coupled with the cyclical stocks trade lower rate, this is the beginning of QFII fund's main holdings.

理柏中国研究主管的，即丰志远，银行，地产，水泥行业是周期性的，等等，以支持中国的重点行业，中国在固定资产投资后奥运经济增长的显着增长，虽然中国在第三季经济增长放缓，但周期性行业又回到了增长势头，经济的周期性行业的股票，加上低利率，这是我国QFII基金的主要持有的开始。

Close Brothers refers to a study by De Montfort University, which found that the country's leading banks have a total 250bn exposure to commercial property loans - twice the amount they had before entering the recession in the early 1990s.

Close Brothers 引用了 De Montfort 大学的研究，研究表明：国家主要银行，动用总计2500亿英镑给商业地产贷款——这是20世纪90年代早期进入衰退时贷款数量的2倍。

Close Brothers refers to a study by De Montfort University英国英国英国, which found that the country's leading banks have a total 250bn exposure to commercial property loans - twice the amount they had before entering the recession in the early 1990s.

Close Brothers引用了De Montfort 大学的研究英国，研究表明：国家主要银行，动用总计2500亿英镑给商业地产贷款——这是20世纪90年代早期进入衰退时贷款数量的2倍。

At present, bad debts account about 25 percent in China's commercial banks and after the ransack by real estate bubbles, the proportion will be likely to rise to 40 percent.

目前，中国商业银行系统的坏帐率是25％，地产泡沫破灭后，可能达到40％。

Great Basin Bank, the 25th American bank to fail this year, was undone by heavy losses on commercial property.

大盆地银行，美国今年倒闭的第25家银行，由于其在商业地产上的重大损失而破产。

Great Basin Bank, the 25th American bank to fail this year, was undone by heavy losses on commercial property.

大盆地银行，美国第25大银行，今年由于其在商业地产上的重大损失而破产。

I'm strongly against the death penalty — it's an eye for an eye.

我不赞成死刑——这是以牙还牙的报复行为。

And to get you the support you need, we're enlisting all elements of our national power: our diplomacy and development, our economic might and our moral suasion, so that you and the rest of our military do not bear the burden of our security alone.

并给你们所须的支援，我们正徵召国家所有各种的力量：我们的外交及发展，我们的经济力量与道德劝说，所以你们与其他军人不须要孤独地负起国家安全的责任。