工行不敌巴菲特 拱手让出全球市值最大银行宝座

Icbc by warren buffett to cede throne of world's biggest bank

Held world's first big bank six years of industrial and commercial bank (1398), recently the throne to warren buffett's investment of Wells Fargo bank, Wells Fargo & Co.) Since July 12, rich countries become the world's biggest Banks, which highlights the transformation of the economic fortunes of China and the United States.

Rich countries above market value, the world's largest Banks

The difference between the industrial and commercial bank for $13 billion, lost to Wells Fargo bank in the United States, not the world's largest market value position of the bank. According to s&p Capital IQ data within a system, as of July 23 check headquarters in San Francisco in the rich countries, the market capitalization of about $236 billion, more than icbc's $223 billion, to break up the Chinese in the international market value biggest bank for seven consecutive years of record, the main reason is to cool the economy affected stock market in China, in Shanghai and Hong Kong listing of icbc's are not immune, shares less attractive.

Refers to the Wall Street journal news, before the global financial crisis in July 2007, the industrial and commercial bank of replacing citigroup crowned the world's most valuable bank, this achievement at that time was known as the milestone of China's economic rise. And then swept by the financial tsunami let many big western Banks, including citigroup) on the brink of collapse, further enhances the many observers in Chinese Banks Banks safer than the United States and other developed countries.

Slowing growth in the U.S. economic recovery

But this knowledge was formed with the slowdown in China's economic growth expectations and endanger the financial stability of this spring "money shortage" incident broke out and be broken. , meanwhile, there are signs that the U.S. economy is on a journey of the recovery, the era of low interest rates are expected to come to an end. Long-awaited rebound in U.S. Banks also makes the market value of financial institutions, such as Wells Fargo and jpmorgan chase to ascend.

The U.S. economic recovery to let U.S. bank fortunes, loan loss provisions fell and the decrease in the number of failed Banks. This year, the United States only 16 Banks fail, and are mostly small Banks, and at the height of 2010 had reached 157 Banks. In a recent quarter, as Wells Fargo bank of America's first big housing loan agency net profit rose 19%, to $5.52 billion, thanks to a recovery in the housing market and mortgage refinancing warming.

"Money shortage" drag on bank shares tumbling

With good contrast to the bank of America is more and more, China's financial system is because of their dangerous situation and concern. Last month the Chinese government via a bank "money shortage" appreciate the lending dire consequences, at first, the people's bank of China on the sidelines for the Chinese interbank rates to double digits. Under the investors aggressively shorting, Chinese bank shares tumbling.

SNL Financial data show that robustness has been questioned because of China's Financial system, Chinese Banks as a whole, now only about 0.99 times, and many Banks is much lower than this level. The U.S. banking sector, by contrast, the average price-to-book ratio at about 1.2 times.

Wells Fargo is the first time on June 26 to become the world's most valuable bank, after that and had four meetings with icbc. After July 12, Wells Fargo first position stable value, market value is higher than its average in the past 30 days.