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Financial Industry Situation Analysis of Fengtai District in the First Half Year of 2016

time:2016-10-08   Sources:

        Being affected by the pressure of the substantial economy decrease, the deficiency of enterprise financing became more obvious which further affected the market activeness of the whole financial industry. In the first half year of 2016, the business volume and profit of financial industry of Fengtai District decreased sharply.

        Insufficient Trading Will in Stock Market, Requirement in Financing, Lease and guarantee Recover

        Trading Volume of Stock Market Decrease

        As the major direct financial place, stock market has close relationship with the development of economy. Since the year of 2016, the first and second level market activeness decreased sharply compared with last year. In the first half year, the amount of stock capital raised was 52.12 million yuan with a decrease of 85.7% compared with last year. The fund capital was 0.16 billion yuan with a decrease of 70.4% compared with last year representing the insufficient financing demand for company listing. The slump in the second half year of 2015 continued in the year of 2016 in the second level market and trading amount decreased sharply. In the first half year, stock trading amount of security institutions in Fengtai was 298.32 billion yuan with a decrease of 59.9% compared with last year. Fund trading amount was 12.72 billion yuan with a decrease of 48% compared with last year. Financing and securities loan trading amount was 57.88 billion yuan with a decrease of 67.7% compared with last year. The bond repurchasing business with the features of high security and stable profit increased rapidly, realizing the repurchase amount of 692.48 billion yuan with an increase of 114.1% compared with last year. The portion of bond repurchasing increased obviously occupying 61.9% of the trading amount of the whole security market.

        Business Amount of Finance Lease and Finance Guarantee Recover

        During 2014 and 2015, the finance lease and guarantee industries were in staying low condition with decreasing in business amount, difficulty in devices payment collection and increasing in bad debts. In order to get out of the situation, the enterprises positively looked for new way out, applied upgrading and transformation, eliminated old and high energy consuming devices, and introduced new devices. With the continuous efforts, in the year of 2016, the business amount of finance lease and guarantee increased and the management gradually recovered. In the first half year, the finance lease balance of Fengtai District was 1.86 billion yuan with an increase of 36.9% compared with last year. Finance guarantee balance was 0.25 billion yuan with an increase of 32.6% compared with last year.

        Revenue and Profit Both Decreased

        Revenue of Two Major Industries Decreased

        In the first half year, the revenue of financial industry reached 2.05 billion yuan with a decrease of 17.5% compared with last year. Among the four major industries, the revenue of monetary and financial services and capital market service decreased sharply but the insurance industry and other financial industries increased rapidly. The revenue of monetary and finance service reached 1.27 billion yuan with a decrease of 14.4% compared with last year. Capital market service reached 0.49 billion yuan with a decrease of 36.5% compared with last year. Revenue of the two industries occupied 85.6% of the whole financial industry, whose development directly affected the development trend of the financial industry of the whole district. Revenue of insurance industry reached 0.27 billion yuan with an increase of 25.1% compared with last year. Other financial industries reached a revenue of 24.945 million yuan with an increase of 14.9%.

        Table 1. Revenue Situation of Each Financial Industry in the First Half Year

       

Industry

Revenue

Revenue of Last Year

Increase

Total

2048520

2484216

-17.5

Monetary and Financial Service

1266234

1479738

-14.4

Capital Market Service

486483

766187

-36.5

Insurance Industry

270858

216572

25.1

Other Financial Industries

24945

21719

14.9

Unit: Thousand%

        Operating Profit Decrease Slowed Down

        Affected by the enterprise investment evaluation, the enterprise fair value fluctuated sharply which led to the sharp profit decrease in the financial enterprises of the whole district. In the first half year, the operating profit of financial industry of the whole district reached 2.05 billion yuan with a decrease of 35.9% compared with last year. The decrease amount decreased 36.1% compared with the first season. Investment profit reached 1.88 billion yuan occupying 91.7% of the operating profit. Except that insurance industry turned losses into gains and realized profit of 77.415 million yuan, the profit of other three industries all decreased sharply. Monetary and financial service reached a operating profit of 730 million yuan with a decrease of 18.7% compared with last year. Capital market service suffered a loss of 200 million yuan with a decrease of 119.8% compared with last year. Other financial industries reached a profit of 1.42 billion yuan with an increase of 22.8% compared with last year.