sgusers7的部落格

桃園縣魚�節重頭戲演唱、沙雕、牽罟和魚貨競標拍賣，迷你倉價錢24日將在大園鄉竹圍漁港舉行，漁會總幹事陳義成等人昨天邀請金曲歌后李婭莎為活動宣傳，邀請鄉親當天到場感受漁港的熱情。大園鄉長呂水田、鄉代會主席游智健、農業局長曾榮鑑等人也出席宣傳活動，他們表示，魚�節今年邁入第12屆，除了過去的魚貨競標，還推出搖滾�鋒音樂會，24日下午4點過後，多個節目接連登場，迷你倉庫了李婭莎挑大樑，還有動力火車、混血王子倪安東、超元氣華流女團Popu Lady與大台風樂團輪番尬歌，現場音效設備震撼力十足。24日當天竹圍漁港活動現場，還有至少20輛可愛造型胖卡 (行動餐旅車)，不但有美食，並推出銅板海鮮拍賣，包括龍蝦、紅蟳、紅目鰱等新鮮魚貨，讓遊客感受竹圍漁港「活跳跳」的海鮮品質，另外還有親子創意沙雕比賽，歡迎遊客全家到場參加。儲存

南都訊 澳門統計局昨日公佈，自存倉第二季度遊客總消費(不包括博彩)139億元(澳門元，下同)，同比大增23%。珠海未對遊客消費統計，但上半年過夜游客下降1%。而記者走訪發現，遊客讓澳門中區爆棚，商家銷量增幅達兩位數；在同樣大量遊客路經的拱北口岸地下商場，商家們卻反映生意又下降。大陸遊客人均消費居首為2511元今年第二季度旅客總消費(不包括博彩)為139億元，較去年同季的114億元大幅上升23%；留宿旅客消費為117億元，不過夜旅客消費為22億元。該季旅客人均消費為1973元，按年升幅為15%，大陸遊客人均消費居首為2511元。個人游中國內地旅客人均消費更達2819元；新加坡旅客人均消費有1719元。長途旅客則以澳洲旅客較高，人均消費1261元。從按消費結構分析，旅客消費主要用于購物(49%)、住宿(24%)及餐飲(19%)。而購物項目主要包括手信食品(21%)、成衣(19%)及珠寶手錶(19%)。內地旅客購物消費為1403元，個人游內地旅客購物消費達1796元。長途旅客消費主要用于住宿及餐飲。大陸留宿客人均消費4436元第二季度留宿旅客人均消費為3396元，同比上升17%；不過夜旅客人均消費為614元，同比增加3%。中國大陸留宿及不過夜旅客人均消費分別為4436元及752元，個人游內地旅客更高達4885元及1256元。據旅客評價調查結果，有93%及92%旅客滿意酒店和旅行社服務。而認為公共交通服務須改善和觀光點不足的旅客各占7%。上周末，澳門大三巴至議事亭前地、新馬路一帶幾乎水泄不通。以往澳門在農曆新年、黃金周等時期才會出現這種爆棚的局面，但是今年暑假尤其是周末，連連“逼爆”的局面讓業內直呼超預期。客流暴增有學者建議機場擴容記者昨日獲悉，澳門機場1至7月客量逾280萬人次，比去年同期增13%。有學者又重提機場擴建事宜。在2007年兩岸直航之前，澳門機場客量接近550萬人次，超過機場客量容納上限600萬人次的90%。當年澳門機場曾提出投入40億的擴建計劃，但後因兩岸直航、金融海嘯等原因，客流量連續4年回落。澳門機場客量在去年回複正增長，迷你倉新蒲崗如持目前的增長趨勢，今年至明年將接近接待上限。按民航業界說法，當機場客量超過容納上限八成，就有需要考慮擴建。[專家建議]讓澳門旅遊巴士直達橫琴口岸除了澳門政府提出的分流、建拱北口岸附屬口岸直通珠海輕軌站之外，澳大工商管理學院副教授蕭志成建議，可聘請人流、物流專家研究，針對周末不同區份統計人流，用點對點的分析，重新梳理澳門公交。長遠而言，寄望輕軌等大型集體運輸2015、2016年落成後，分流客源。旅遊業議會理事長胡景光說，赴澳旅客中，團客與散客約3比1。澳門旅遊巴如無兩地車牌，不能通過蓮花大橋直達橫琴口岸。希望兩地政府可適當放寬，讓澳門旅遊巴可直接通過蓮花大橋，到達橫琴口岸。約有一半團客會分流至橫琴口岸。如此可解決拱北口岸爆棚的問題。胡景光還建議說，政府可多安排旅遊小巴，為旅客提供“一日游”車票，可全日任意乘坐公交。[影響珠海]“城軌帶走遊客，生意降四成”遊客走地面過境，拱北口岸地下商城商戶喊生意差雖然城軌年初即開通至拱北，赴澳遊客激增，大幅刺激了澳門消費，但記者瞭解到，對珠海來說城軌並未帶來如期的客流量，過夜游客和消費指數不升反降。由於地面通行去澳門，通過拱北地下商城的人流減少，該商城有商家反映，“城軌帶走了遊客，生意下降近四成”。記者昨日下午走訪拱北地下商城瞭解到，大量遊客在城軌珠海站下車後直接對接拱北口岸過境，旅遊大巴也從拱北地下改道至城軌站附近落客，經地下商城和沿線商舖的人流大幅減少。一家皮具店老闆楊先生說，今年以來“生意差了很多，總體下降近四成”。一家奶茶和小吃連鎖店店長亦表示，自城軌開通後，平均下來僅一天的營業額就減少了數千元。經營一家70多平方米精品店的周先生說，“生意再差下去，就要看是不是能降低租金了。”其店面經營僅租金每個月就要16萬元，“靠本地消費根本不行。”[數字]根據珠海市統計局數據顯示，珠海上半年1-6月份接待過夜游客總人數達596.56萬人次，同比下降1%，其中國內遊客為519.26萬人次，同比上升了1%，入境遊客77 .2 9萬人次，同比下降將近13 %。統籌：南都記者 蔣生採寫：南都記者 蔣生 溫平平迷你倉出租

　　希臘６月經常帳盈餘擴闊，自存倉按年急增８倍至６﹒６億歐元（約６８億港元），主因貿易赤字收窄，以及最大收入來源旅遊業進帳升２１％至１５﹒９億歐元（約１６５億港元），顯示經濟明顯改善。　　國營資產私有化部門主管斯塔夫里迪斯（Ｓｔｅｌｉｏｓ　Ｓｔａｖｒｉｄｉｓ）早前度假時，疑使月一名擁有國營賭博企業股權商人的私人飛機，昨（１９日）被政府開除，為半年內第二名主管離職，令外界質疑私有化計劃能否符合金援要求的進度。《香港經濟日報》

儘管南北韓關係最近有日益改善的�象，迷你倉價錢但南韓周一仍與美國舉行聯合軍事演習，模擬受到北韓攻擊。雖然這個一年一度的「乙支自由衛士」（Ulchi-Freedom Guardian）軍演基本上是在電腦上進行，但仍會有超過8 萬名南韓及美國士兵參與。美韓這次為期10 天的軍演頗為低調，參加的士兵大都留在軍營，而且沒有高調的海陸空軍事操作。北韓通常會有激烈反應，譴責軍演是挑釁行為，但平壤今年表現平靜。首爾國立大學北韓事務分析員Jang Yong Seok 表示，平壤罕有的平靜反應，反映北韓希望緩和多月來的緊張狀態。兩韓現在的焦點主要放在重開開城工業區的問題上。經迷你倉庫七輪會談後，南北韓上周就重開工業區達成了框架協議。僅三個月前，兩韓仍因平壤的核試威脅而幾乎陷入開戰狀態，但現在平壤反應正面，並突然提出很多改善關係的建議。面對南北韓關係暖化，南韓總統朴槿惠趁機呼籲平壤容許自韓戰以來分隔南北韓兩地的家庭團聚。北韓周日同意就此事展開會談，並提議重啟金剛山旅遊。南北韓的紅十字會人員將於本周五就家庭團聚問題舉行會談，而重啟金剛山旅遊計劃的工作會議定於周四。金剛山旅遊是兩韓首個主要合作計劃，數以千計南韓人曾在1998年至2008年間到這個北韓景點觀光，但北韓在2008 年射殺了一名誤進禁區的女遊客後，南韓決定停辦金剛山觀光團。儲存

本報昭平訊 在昭平縣桂江生態園，迷你倉一群來自黑龍江、新疆等地的賀州學院學生在感受著山城的美景：他們有的在打沙灘排球，有的在江邊垂釣，有的在燒烤美食。“以前旅遊都是去看歷史人文景觀，感受的是古老氣息，現在流行生態旅遊，親近自然，體驗一下生態和田園的樂趣，也很舒坦。”大三學生小彭告訴筆者。近年來，昭平憑借豐富的生態旅遊資源優勢，著重打造“游黃姚古鎮、品昭平銀杉、覽桂江風光、探長壽文化”等融文化、休閒、觀光于一體的生態旅遊精品，旅遊業蓬勃發展。昭平曾獲得中國最佳養生休閒旅遊目的地、中國最佳生態宜居旅遊目的地、全國生態文明先進縣等多張國家級名片。為促進生態旅遊的長遠發展，昭平縣按照全縣旅遊發展總體思路，打造“休閒、旅遊、養生、養老”四位一體的健康產業集群，重文件倉包裝開發一批有特色的重大旅遊項目；同時注重宣傳推介，在區內各大旅遊城市通過多方位、多角度的廣告形式宣傳推介昭平生態旅遊產品，還借助昭平茶王節暨生態旅遊文化節的機會，印製了“醉美昭平”畫冊，極大地促進了旅遊業發展。該縣還不斷完善基礎配套設施建設。在桂江生態園內，旅遊步道、沙灘氣排球場、燒烤場、拓展項目、釣魚場、水上餐廳及旅遊碼頭等旅遊設施一應俱全。同時，該縣加大對黃姚古鎮東街文化城等重點項目的建設推進力度，抓好黃姚古鎮古建築古民居修繕工作，全面�動黃姚古鎮創建5A旅遊景區工作。生態旅遊的發展，吸引了四方遊客紛至遝來。據統計，今年上半年，全縣累計接待遊客160.26萬人次，同比增長44%，實現旅遊收入15.1億元，同比增長65.9%。（李 浩 胡 弓）存倉

Source: Daily Mail, LondonAug.迷你倉價錢 17--BEAN-counter RSM Tenon could soon not be worth a bean.Shares of the accident prone accountancy firm that flirted with the knacker's yard in 2012 after discovering a pounds sterling 12m euro ?lack hole' in its accounts, crashed 1.1p or 56pc to a record low of 0.85p after it warned long-suffering shareholders that any offer from smaller rival Baker Tilly is likely to be lower than might be expected due to its mountain of debt.RSM, which is chaired by former Abbey National boss Tim Ingram, attempted to placate dealers by stating that sole lender and 10pc shareholder Lloyds Banking Group was continuing to be supportive of the business as it discussed with it ways to address its pounds sterling 80.4m debt pile.That cut no ice with investors who piled out fearing Baker Tilly will eventually walk away or table an offer which would not be worth the corporate paper it would be written on.Tenon's disastrous financial position came to light last year after Hg Capital, the private equity firm, made a pounds sterling 140m bid for the accountant, but legged it after examining its books. It concluded that Tenon's financial statements could not be trusted.That led to a management change and wide-ranging restructuring programme which cost hundreds of jobs. It also prompted an inquiry by the Financial Reporting Council into PwC, the firm that audited Tenon's books.Tenon in May 2010 became the first accountancy firm to gain a full LSE listing after moving up from AIM. Its shares touched a 66p high in 2011, but they have been on a slippery slope ever since.A few early punters checked into the Hotel Corporation driving the investor in four star provincial hotels 2p or 98pc up to a 52-week high of 4.02p.At the behest of the Stock Exchange the company was then forced at 10.30am to say that it was not aware of any reason for the sudden share price rise. Some two hours later all was revealed. Shore Capital Investments had bought a further 3.5m shares increasing its shareholding to 21.99pc.Overall business among the big boys was certainly nothing to write home about but blue chips did regain some composure after Thursday's falls prompted by fears that the Federal Reserve will taper its current asset purchase programme in September, particularly as jobless claims in July fell to their lowest level since October 2007.The Footsie closed 16.65 points better at 6,499.99, while the FTSE 250 ralli迷你倉庫d 141.57 points to 14,834.57. Wall Street, which dropped 225 points on Thursday, opened a further 15 points off before rallying to trade 12 points higher following US data, including news of a 5.9pc increase in housing starts to 896,000 in July.As gold traded at an eight week high of $136.75 an ounce and broker Bank of America/Merrill Lynch forecast a further short-term rise to $1,450, miners were strong performers. Randgold Resources climbed 275p to 5165p, Anglo American 52p to 1547.5p, Polymetal International 65p to 783.5p and Petropavlovsk 21.5p to 119.5p.African Barrick Gold added 8.7p to 156.7p after the Tanzanian government allocated more than 50 hectares of land to hundreds of artisanal miners around the country's largest gold mine by output in an effort to resolve long-standing conflicts over mining areas.Housebuilder Persimmon bounced 93p to 1190p in anticipation of pleasing interims on Tuesday. The group remains on target to pay pounds sterling 1.9bn in dividends by 2021.The Premiership kicks-off today with management changes at the top three super rich clubs making it an even more intriguing season. Bookie William Hill (5.2p easier at 421.4p) predicts that over a pounds sterling 1bn will be wagered with them during the 2013/14 season. Over pounds sterling 930,000,000 was bet on football alone at Hill's in 2012 but this year will break all records.Hill says Manchester City and Chelsea are joint 9/4 favourites to win the title, with Manchester United 5/2 to retain it. Arsenal, at 10/1, have attracted 25.45pc of all ante-post bets, while heavy spending Tottenham are 33/1 outsiders and manager Andre Villas-Boas 7/1 third favourite to be the first to be sacked or leave his post. Newcastle's Alan Pardew is the 1\ favourite.Development Securities edged up 0.25p to 195.25p after receiving pounds sterling 12.1m in cash, of which pounds sterling 7m is profit, following the termination of its development agreement at Paddington. It follows British Land's purchase of Aviva's investment at Paddington Central for pounds sterling 470m last month. Peel Hunt's target price is 220p.Buyers chased Bellzone Mining 0.62p higher to 4.52p after reporting a significant upgrade to its high-grade indicated resources at the Kalia iron ore project in Guinea.Copyright: ___ (c)2013 Daily Mail (London, ) Visit the Daily Mail (London, ) at .dailymail.co.uk/home/index.html Distributed by MCT Information Services儲存

Firms to take on Tencent’s WeChat by launching mobile chat appBy SHEN JINGTINGshenjingting@chinadaily.迷你倉沙田com.cnChina Telecom Corp Ltd, the nation’s biggest fixed line network operator and third-largest mobile service provider, formed a joint venture with Chinese Internet company NetEase Inc on Monday to launch a mobile chatting tool called Yixin.The move signifies the birth of the world’s first joint venture set up by a telecommunications operator and an Internet company. Analysts pointed out that the convergence between telecom and Internet industry will become a trend, because both parties are trying vigorously to explore business opportunities in the mobile Internet sector.China Telecom holds the major stake — 73 percent — in the joint venture that is called Zhejiang Yixin Technology Co, while NetEase has the remaining stake. The joint venture has a registered capital of 200 million yuan ($32.43 million) and is responsible for the development and operations of newly launched mobile messaging application Yixin.Officials from both China Telecom and Nasdaq-listed NetEase did not avoid talking about Yixin’s ambition to grab shares from the market’s dominant player — Tencent Holdings Ltd’s WeChat.In addition to standard features such as push-to-talk voice messages and photo sharing, the biggest difference between Yixin and WeChat, is that the former is capable of sending free text and voice messages to any mobile phone users, whether the receivers have installed the Yixin app or not.Yang Jie, general manager of China Telecom, said Yixin combines the resources of NetEase and China Telecom. “Therefore, Yixin has natural advantages over rivals in the first place and can offer differentiated services,” Yang said.William Ding, founder and chief executive officer of NetEase, said the domestic mobile instant-messaging market is far from saturated. “The market competition is not sufficient. Both users and the market need more choice,” Ding said in a statement. The young generation, in particular, demand fashionable and personalized communications methods. That’s the opportunity for Yixin, he added.Tencent said in its earnings report last week that its WeChat messaging application had 236 million monthly active users — nearly triple the number from a year earlier. Miliao, another market player developed by smartphone company Xiaomi Corp in 2010, has more than 40 million registered users and a daily a迷你倉價錢tive user base of about 4 million.Zhang Zheng, former head of NetEase’s marketing department and now general manager of Zhejiang Yixin Technology, said Yixin aims to have more than 100 million registered users within six months, with an active user base of more than 50 million.“We hope Yixin can acquire more than half of the mobile messaging market in China,” Zhang said at a Beijing briefing on Monday.Yixin supports both Apple Inc’s iOS platform and Google Inc’s Android mobile operating system and was available for download from various application stores from Monday.“It will become a trend that Chinese telecom operators and Internet companies strengthen ties,” said Duan Yu, an analyst with Minsheng Securities. Telecom operators hold resources of network infrastructure but are not responsive to the market demands of innovative mobile services.On the other hand, Internet companies are fast to respond to service requests but they need strong hardware support from the carrier side, Duan said.Quarrels broke out between Chinese telecom carriers and WeChat on profit-split issues at the beginning of this year, signifying increasing conflicts between telecom operators and OTT service providers. But the two sides seemed to reach a consensus to phase out the anger by turning to win-win solutions.In July, China Unicom (Hong Kong) Ltd’s Guangdong branch joined hands with Tencent to launch the nation’s first subscriber identification module card customized for WeChat.China Telecom’s Yang said the cooperation with NetEase was an important move for its strategic transformation. “We will follow the trend, actively embrace changes and move forward into the mobile Internet era,” said Yang.Ding from NetEase said: “Amid the wave of mobile Internet, all the Internet and telecom industries are restructuring.”Duan at Minsheng Securities estimated that Internet companies may have a bigger say in cooperation with telecom carriers in the future. “When Internet enterprises develop popular applications and accumulate large customer bases, they’ll leverage the weight to ask for more favorable offers from carriers,” Ding said.China Mobile Ltd, the nation’s largest telecom operator, launched mobile messaging application Jego in June but suspended the service three weeks later.We will follow the trend, actively embrace changes and move forward into the mobile Internet era.”YANG JIEGENERAL MANAGER, CHINA TELECOM CORP LTD迷你倉庫

未能提供文字內容。.迷你倉庫scmp.com/news/world/article/1297974/facebook-chief-mark-zuckerbergs-profile-page-hacked

2013年我國銀行理財市場迎來了發展的第十個年頭，迷你倉新蒲崗隨著今年經濟增收進一步放緩、各項調控措施深入推進，央行拉開打擊影子銀行、推動利率市場化的大幕，理財市場也發生了劇烈的變化。普益財富分析預計，下半年“8號文”、利率市場化和房地產調控等多個政策影響將進一步顯現。下半年理財市場趨勢將發生變化，銀行理財在“無風險”存款與“高風險”權益投資之間建立起的風險—收益程度適中，固定收益理財市場也會開始有更多變化。●南方日報記者 黃倩蔚趨勢1：銀行理財產品規模料破10萬億近年來銀行理財市場維持著高速增長的態勢。2013年1—6月，商業銀行共發行21481款銀行理財產品（較2012年上半年同比增長33.73%），新發產品規模達到24.70萬億元（較2012年上半年同比增長103.46%）。2013年的年度同比增幅預計維持在30%左右，但季度環比增幅將明顯放緩。從市場存量規模來看，截至2013年6月末，銀行理財資金餘額達到9.08萬億元，銀行理財已成為我國財富管理市場上僅次于信托業的第二大資產管理行業。相較2012年底7.1萬億元的理財資金餘額，今年上半年銀行理財資金餘額增長1.98萬億，接近2012年全年的增長額。照此推算銀行理財資金餘額將在今年9月末跨過10萬億元的門檻。穩定的產品收益率是吸引投資者的關鍵因素。從2012年至今，由於市場流動性較為充裕，社會總體融資成本下降，致使主要投資于債券和貨幣市場工具、信貸類資產等的銀行理財產品的收益率難以回升。同時，隨著銀監會《關於規範商業銀行理財業務投資運作有關問題的通知》對銀行理財市場影響的進一步深化，以及監管層從今年4月開始對銀行間債券市場展開從嚴整治，政策層面對整體市場格局的影響將從今年下半年開始集中顯現。普益財富研究員範傑預計，下半年理財產品的收益率將整體趨穩，月均收益率維持在4.50%左右，高於今年1—5月份的收益水平；同時，受月末流動性階段性趨緊的影響，下半年理財產品“月末收益率沖高”的現象將會更加明顯，尤其是在9月末和12月末，產品收益率驟然上升的現象可能會重演。趨勢2：利率市場化步伐加快 固定收益產品減少隨著貸款利率放開，目前我國距離利率完成市場化只剩下“放開存款利率”這最後一步。而一直以來，理財產品都充當著銀行存款利率市場化的替代品，商業銀行對自己發行的非結構性理財產品大多保持著“剛性兌付”，廣大投資者也一直將其視為銀行存款的替代投資品。然而，普益財富分析認為，隨著真正的存款利率市場化漸行漸近，銀行理財產品將逐步回歸“代客理財”的本質，存款利率的最終放開將可能重塑銀行理財市場格局。首先，固定收益類產品份額會逐步降低。從資金投向看，目前銀行理財產品以固定收益類資產為主要。普益財富數據顯示，2013年1—7月，債券與貨幣市場類理財產品共發行11771款，占比47.79%，是市場上份額最大的一類產品。但待存款利率放開之後，存款利率的上浮會削弱這類產品的市場吸引力，傳統的“保本、類存款”理財產品將受到最大的衝擊，其市場份額可能會逐漸萎縮。為了提高理財產品的市場競爭力，組合化資產配置是較優的選擇，因此未來組合投資類產品會進一步增多；同時，當銀行理財產品體系建立起階梯狀的、更明確的風險—收益層級，投資者更能充分認識投資風險之後，投資于股票、基金等權益類資產的產品份額也將逐步擴大。隨著銀行理財投資渠道的日漸拓寬，投資標的的創新會更加豐富，目前銀行理財產品同質化嚴重的問題將得到有效改善，同時銀行理財市場也會獲得更廣闊的發展空間，呈現出多樣化迷你倉出租格局。趨勢3：資產證券化大勢所趨“8號文”對非標債權資產餘額提出了嚴格的量化管理指標。今年第二季度商業銀行通過產品到期自動終止、加大標準債權投資、出售非標債權資產三種方式壓縮非標債權資產占比。據普益財富統計，2013年第二季度融資類產品（即主要的非標債理財產品）發行量占比僅為0.38%，相比2012年第四季度的2.35%及2013年第一季度的1.78%，該類產品發行量占比大幅縮水。截至6月末，在9.08萬億元的銀行理財資金餘額中，非標債權資產餘額2.78萬億元，比“8號文”出台前下降7%。此前，一些銀行選擇以自營資金接盤理財資金中的非標資產，此外高杠杆的同業通道也成為了大多數銀行青睞的規避監管的渠道。但6月末的流動性危機為這兩種運作模式敲響了警鐘，隨著市場資金面的收緊和監管層對同業業務規範力度的加大，今後商業銀行非標債權資產的清理難度將進一步加大。普益財富分析指出，隨著金融市場的發展，在監管層意圖將非標債權資產“標準化”的思路下，目前可在交易所市場轉讓的中小企業私募債成為標準化資產的選擇之一。長期來看，按照李克強總理“合理保持貨幣總量，用好增量、盤活存量”的政策思路，今後資產證券化是大勢所趨，這也是未來商業銀行處理非標債權資產較優的選擇。趨勢4：“8號文”催生理財產品“基金化”此外，“8號文”明確要求理財產品“單獨建賬、單獨管理、單獨核算”，普益財富認為這項規定為銀行理財產品基金化埋下了伏筆。“對商業銀行而言，基金化的理財產品可以採用理財資金與資產（資產組合）的“一對一”和“一對多”模式，產品淨值由所配置資產的收益確定並定期公佈。按照投融資的方式進行資產管理，投資收益與風險完全由客戶承擔，使商業銀行徹底擺脫了剛性兌付的風險，推動理財業務回歸資產管理本質。”範傑表示。普益財富預計，此後，不同銀行理財產品之間的競爭將演變為銀行資產管理能力的比拼，商業銀行在市場研究、資產配置與投資管理、流動性管理、風險控制等方面將面臨極大考驗。趨勢5：房地產信托存量產品危險仍難解除在高收益理財中，毫無疑問房地產信托依然是�多大額資金的投資出路。然而，2013年上半年，房地產信托產品的兌付問題卻牽動著整個理財市場的心弦。普益財富分析指出，今年上半年，提前兌付的產品主要有以下兩種情況：其一，房地產項目出現了問題，信托公司為了保障受益人的權利，提前終止了信托計劃；其二，融資方前期融資的成本過高，在市場利率下降的情況下，其形式提前贖回權，主動歸還借款，再以較低的利率融得新的資金。而延期兌付無不是因為房地產項目出了問題。“雖然基礎市場有所好轉，並且新成立的產品將會增多，但在2013年下半年，房地產信托產品提前兌付和延期兌付的案例並不會減少。”範傑分析認為，其主要原因在於在前期業務發展過程中，部分信托公司的發展思路過於激進。雖然政策面有所寬鬆，但是部分“病入膏肓”的項目已經很難取得新的融資扭轉局面，而銷售的不景氣、資金鏈的緊張也會讓購房者對這些項目心存疑慮，銷售回款依然會是這類項目的大問題。對這些項目的信托投資者而言，流動性問題將仍然存在。針對以上情況，預計下半年的房地產並購將會是房地產融資的重頭戲。“夾層融資的方式或將成為重組的重要方式。由於房地產信托投資者的風險偏好一般不大，預計介入房地產重組的集合信托產品不多，但不可否認的是，此類投資確實有較高的價值。此外，我們維持對房地產信托市場的既有判斷——雖然單個項目會零零星星出現問題，但發生區域性、系統性風險的可能性較小。”範傑表示。圖片說明:製圖：彭靂儲存倉

呂志強近期，儲存倉金融領域值得關注的新聞不斷發生，互聯網金融業正迅速崛起。面對互聯網金融業快速發展的現實，商業銀行應該如何面對？筆者以為，傳統銀行業與互聯網金融業將呈現融合之勢，融合中伴隨適度競爭，競爭中加速融合共贏。這將是銀行業在互聯網時代的必然趨勢。應該承認，互聯網金融的便捷性在某些方面勝過傳統銀行業。互聯網金融業的信息透明，交易成本低，交易邊界不斷擴大，給傳統銀行業帶來了巨大挑戰。傳統銀行業應改變思維模式，下大力氣革除長期以來形成的銀行獨尊、信息獨享、市場封閉的痼疾，主動適應變化了的市場。銀行業應清醒地看到，“80後”、“90後”成迷你倉沙田社會消費主流後，消費付款平台將會更多地選擇互聯網金融機構，對傳統銀行業是個很大的挑戰。當然，說是“危”，也有“機”。互聯網與金融的融合給傳統金融業的業務經營帶來了渠道拓展、產品創新、風險甄別與控制手段創新等方面的新機遇，會促成競爭格局極大變化。當前，許多商業銀行已感覺到互聯網金融業帶來的壓力，紛紛加大對互聯網的融合，進一步完善電子銀行和網上支付等平台，不斷創新金融產品和金融服務。當然，在這一融合與競爭的過程中，互聯網金融業也要不斷強化風險控制，提升電子支付安全性、電子支付機構的信用度，保護金融消費者的權益和隱私等，並推動完善相關法規。迷你倉價錢

BOC executive says the sector is underserved financially and offers huge opportunities amid the mainland’s rebalancing of the economyLoans to small and micro firms will not be just a political show but will become crucial for mainland banks in future, an executive of Bank of China said.文件倉Wang Xiaoming, a vice-general manager of personal banking, said BOC had restructured and revised its processes since last year to facilitate micro loans to tap the “ocean” of opportunities in the business.While the country’s largest foreign-exchange lender used to mainly serve large and medium-sized firms, the time had passed for it to rely solely on such clients to grow its loan business, Wang said.“Large enterprises have their own problems, which will constrain them from growing rapidly,” he said. “These companies have other financing channels. As they compare the cost of bank loans with that of bond issuance, interest rate liberalisation will ultimately undermine banks’ bargaining power.”On the contrary, mushrooming small companies are severely underserved financially in the world’s second-largest economy.“China is rebalancing, and small and micro firms play an important role,” Wang said. “The profitability and development of banks’ loan business will largely depend on small and micro loans in the foreseeable future.”In a circular issued last week, the State Council urged more support for small and micro firms, saying they were important in “stabilising growth”, “expanding employment” and “boosting innovation”.BOC had 822.5 billion yuan (HK$1.04 billion) of outstanding loans to small and medium-sized firms at the end of last year, second only to Industrial and Commercial Bank of China on the mainland. That was 10 per cent higher than in 2011 and accounted for 24 per cent of its corporate loans. The non-performing loan ratio was less than 1 per cent.BOC defines micro firms as those with annual sales of less than 25 million yuan or loan amounts less than 3.5 million yuan. At the end of last year, the micro loan business was moved into the bank’s personal banking department, because micro firms reflected the characteristics of their owners, Wang said.“Micro companies are not necessarily more risky than 存倉arger ones. Sometimes they are less cyclical and more flexible. As the firm usually matters a lot to the owner, the owner will try his best to make it survive,” he said.The non-performing loan ratio for micro corporate loans is not available as the business is relatively new. Loan quality has been good since the bank teamed up with Singapore sovereign wealth fund Temasek to set up a “loan workshop” for small and medium-sized firms after the 2008-09 global financial crisis. Outstanding loans from the workshop totalled 291.4 billion yuan at the end of June.“The biggest problem is poor transparency of micro companies,” Wang said. “We have to rule out shell companies with no business apart from facilitating financing and companies not engaged in real-economy production. Lending amounts should be appropriate, with money ideally paid directly to their suppliers.”In addition to checking water and electricity meters, which could reflect borrowers’ operations, the bank pays attention to changes in the number of employees and salary amounts as indications of micro borrowers’ performance.“These are key leading benchmarks. So we usually require the micro companies to pay salaries through our bank,” Wang said.The bank selected 45 outlets to serve micro firms, and one billion yuan of new loans had been granted to more than 500 clients since April, he said.“We hope the outstanding loans could amount to 300 billion yuan in three to five years, with an NPL ratio target of less than 3 per cent,” Wang said.The country’s larger banks have joined in the competition for high-quality small corporate clients.Bank of Communications issued a 10 billion yuan bond in the interbank market last month to finance its lending to small and micro firms, becoming the first to sell debt to fund micro loans.Still, Wang said competition was far from fierce, as most small corporate clients were not served.“Future competition is very hard to predict,” he said, noting the emergence of internet financing, including online peer-to-peer lending firms and e-commerce operators lending to small vendors. “Technology is changing people’s lives, the way they manage their wealth, companies’ financing choices and banks’ business models.”自存倉

【本報訊】內地京廣線鐵路受到南北暴雨成災影響，儲存日前行車一度中斷，八萬名旅客受影響，其中廣州火車站所有列車停駛，一度有逾萬人滯留，旅客多次起哄及責罵車站職員，場面混亂。鐵路公司昨日稱經搶修後，昨午4時許宣佈部份路段恢復運行，但多處路線限速和部份列車須調運，廣州站昨全日停運，今早6時03分起陸續恢復運作。受暴雨影響，鐵路沿線有多處發生山泥傾瀉，《蘋果》記者前晚坐火車沿京廣鐵路南下，7時許經過韶關樂昌山泥傾瀉的路段，當時列車從時速逾100公里減至僅80公里，仍能平安通過涉事路段。但列車乘務員稱，隨後的列車即使減速都未能通過該路段，被迫要在沿途的小站滯留。昨日廣州站停運，令深圳至廣州之間的動車大受影響，列車大規模延誤，不少旅客滯留在深圳。車站職員昨日指示有票的乘客不用理會班次，有票便可上車，坐滿就開車，希望能加快新蒲崗迷你倉率和減少延誤。連日來有大批旅客爭相退票，鐵路公司把退票限期由兩天延長至五天，希望疏導退票人潮。來往北京和廣州的高鐵未受是次雨災影響，當局截至昨日共加開了18班次高鐵疏導乘客，廣州南站昨日北上的高鐵車票早就被搶購一空。廣州當局呼籲北上旅客轉乘其他交通工具，但當地多個長途巴士站昨、今兩天的北上跨省車票極速沽清，就連航空機位亦供應緊張，昨日從廣州飛往湖南長沙、湖北武漢的機票全部售罄，而往北京的機票亦幾乎爆滿，民眾埋怨離開廣州十分困難。沿京廣鐵路南下的列車，進入廣東後便停停走走，不少列車停在韶關市內的小站等候，車上糧水短缺，有滯留36小時的列車甚至斷糧。有乘客稱火車的服務員竟然坐地起價，將原價25元（人民幣．下同）的飯盒加價至36元，更不讓乘客為手機充電。部份乘客眼見列車前行無望，索性下車到路邊挖掘芋頭煮食充飢。　mini storage