Analyst to our newspaper reporters

In the standardization of the periodicals cooperation regulation measures layers of lotto, periodicals cooperation years turn table under pressure for Banks, trust company avoid borrow way past credit control, through off-balance-sheet financing realize the periodicals products already get one of late-tang lending. However, the securities daily reporter understands, in such cooperation channels are blocked, existing Banks began to bypass trust company, develop entrust loan financing business.

This was partly insiders called "new wine into old bottles" business, actually is innovation or transform, our correspondent launched a probe.

With the trust loan classes and credit assets transferred class primarily periodicals cooperation financial product is usually one or more bank loan programs to trust company packing become trust loan program or credit assets transferring plan, then issued by a bank financing products for such plans to raise capital, and since then product investment operation during the follow-up of credit management work also by the bank to complete.

Trust platform was bank credit assets transferred to off-balance-sheet channel. Since the 2009, some commercial Banks to get around with credit control, trust company collaboration issue entrustment loans, this should be on the form lending projects, through off-balance-sheet financing of such product realization lending. This list to off-balance-sheet "move STH not only avoid the technology" credit control regulation, and it increases the income of the bank.

Such cooperation play out the bank loans and withdraw the funds to finance products after loan scale also increases accordingly, Banks take money and 2 degrees lending, which actually hardly reflect the true bank lending standards. Trust company in which only serves as a tool." .

"At the moment we do financial products mainly are the break-even floating earnings type, because once involved in table business, asset management department, the accounting department processing will be very troublesome, including to plan a provision, provision of capital." A bank financial department persons in our correspondent says.

December 2009, the silver, the CBRC JianGuanBu successively issued silver prison no.111 wen and 113 sign language, regulating the credit assets transferred. No.111 wen requirements such cooperation financial products shall not invest in issuing bank own credit or notes assets, and the investor to raise the threshold for one million yuan, 113 no request Banks to ensure the authenticity of credit asset transferred.