Dalian Commodity Exchange of industrial products, head of the department yesterday to the "first financial daily" reporter revealed that the iron ore futures delivery point f consider setting up in bohai sea area of Qingdao port, tangshan port and caofeidian) (including Beijing, rizhao port, tianjin port and lianyungang,galvanized steel pipe manufacturers china and library and port setup factory in hebei tangshan area.
The above said, this design is mainly based on conforms to the spot market trade flows, give attention to two or morethings safe-haven demand and strive to reduce the risk of delivery.ASME B16.25 Welding on the pipe end cap Iron ore trade hub for the five ports, import ore port trade, usually part of the water transportation of domestic iron ore trade also often in the port, coastal ports has become the most concentrated iron ore trade, active area.
The head also said: "dalian in setting up iron ore futures delivery and place of the region,45 degree short radius pipe fitting elbows mainly considering iron ore trade flows and the characteristics of the price. The northern bohai sea area of Qingdao port, tangshan port, rizhao port, tianjin port and lianyungang is our country the main iron ore port to receive and unload incoming trains, and the cumulative discharge volume accounts for about 60% of the country's total, total iron ore inventory accounts for about 62% of the country's total."
In addition, dalian and part of the ports set up factory in hebei tangshan region library. Hebei province is China's iron ore,astm a53/a106 gr.b carbon steel tube Sch 20 LSAW steel pipe consumption and trade area, the most main region in 2012 the iron ore production and consumption of the country's total accounted for 40% and 24.9%.
Thursday, September 26, 2013
Monday, September 23, 2013
The rating of the local government credit difficult
Local government is a special kind of evaluation main body, in terms of rating ideas and elements with industrial and commercial enterprises. Three international standard &poor's,Hot Expanded welded spiral steel tube a rating agency, moody's and fitch rating of local government in the United States, are made according to the individual credit rating and external support factors of local government, to the comprehensive evaluation of local government's credit rating. To borrow the experience of the three major rating agencies, the Chinese academy of social sciences and in debt credit for China's local governments are adopting "individual support +" rating train of thought, in full consideration on the basis of the characteristics and development trend of China's local governments,carbon steel spiral welded tube summing up the rating of the local government itself factors, as well as the external support rating elements, to establish the local government's rating method.
Look from the rating factor, individual credit risk of local government focuses on economic strength, financial strength, the government governance, regional financial ecological environment and so on four level of evaluation index; External government support factors focus on the support of local government credit level, political importance,large diameter ASTM end cap for water pipe and economic importance, the risk of moral hazard and historical support four evaluation index.
"To local government ratings must be balanced with the risk of regional differences and local government transition." When people speak in a banking also pointed out.
In addition, to participate in the seminar of many in the industry have also said the credit rating is not an easy task for China's local governments.Director of bond credit rating in the bell said,SCH80 ERW Steel Pipe local government credit rating in China is still in the phase of "simulated dish". In some ratings on key points, also controversial, such as our country the government at a higher level and the relationship between the government at a lower level evaluation, whether selling off its "emergency" of state-owned assets, paying off its debts, etc. In addition, local financial data and relevant financial data transparency and debt deal with insufficient standard also bring challenge rating data access and accuracy.
"China's local governments spare no effort to use the local financial resources to development in recent years, the government's degree of economic and financial intervention is more and more deep, the rating agencies may understanding the assets and liabilities of the local government to bring greater difficulty." A experts attending the meeting of the economic information daily, reporter said.
The personage inside course of study points out, the local government credit rating system to establish a long way to go. Local debt rating is not based on one year of data can be concluded that need a certain continuity. Therefore, although the build system of local government debt is big, but it is hard to happen overnight.
Look from the rating factor, individual credit risk of local government focuses on economic strength, financial strength, the government governance, regional financial ecological environment and so on four level of evaluation index; External government support factors focus on the support of local government credit level, political importance,large diameter ASTM end cap for water pipe and economic importance, the risk of moral hazard and historical support four evaluation index.
"To local government ratings must be balanced with the risk of regional differences and local government transition." When people speak in a banking also pointed out.
In addition, to participate in the seminar of many in the industry have also said the credit rating is not an easy task for China's local governments.Director of bond credit rating in the bell said,SCH80 ERW Steel Pipe local government credit rating in China is still in the phase of "simulated dish". In some ratings on key points, also controversial, such as our country the government at a higher level and the relationship between the government at a lower level evaluation, whether selling off its "emergency" of state-owned assets, paying off its debts, etc. In addition, local financial data and relevant financial data transparency and debt deal with insufficient standard also bring challenge rating data access and accuracy.
"China's local governments spare no effort to use the local financial resources to development in recent years, the government's degree of economic and financial intervention is more and more deep, the rating agencies may understanding the assets and liabilities of the local government to bring greater difficulty." A experts attending the meeting of the economic information daily, reporter said.
The personage inside course of study points out, the local government credit rating system to establish a long way to go. Local debt rating is not based on one year of data can be concluded that need a certain continuity. Therefore, although the build system of local government debt is big, but it is hard to happen overnight.
Saturday, September 21, 2013
A lot of hidden debt risk hidden trouble
China's local government debt scale what size is it? It is difficult to accurately answer this question.Due to the restriction of the budget law of the People's Republic of China,galvanized steel pipe manufacturers china at present our country is not allowed to directly in the capital market financing of local government. In issuing local government bonds by the ministry of finance, therefore, under the condition of small, local government in China's main financing model was established by the government of various financing platform to the society or borrowing from financial department issuing corporate bonds or debt of the project. And these repay or guarantee responsibility of local government debt, known collectively as government debt.
It is worth noting that the debt financing platform is often hidden and latent risk. According to the special of the people's bank of statistics, as of late 2009, the local government financing platform indebted amount is about 9.76 trillion yuan. Debt in the credit,60mm thick wall seamless carbon steel pipe points out that despite the local government financing platform, debt financing to relieve the tense situation of local government infrastructure construction funds have played a positive role, but also has some problems, such as: insufficient standard operation,API 5l X52 steel pipe and tube there are some government financing platform assets allocated at random, violate compasses guarantee, investment is not real, and so on and so forth; Some local governments use multiple financing platform or rely on land finance excessive borrowing, and is not included in the budget management, large-scale recessive debt may lead to the excessive expansion of local government debt. In addition, the local government financing platform for the debt financing cost is high, its interest rates much higher than the Treasury bonds issuing local government bonds, this just more pressure on limited financial capital formation.
According to the national audit office of previous audit results, at the end of 2010 the national local government debt balance 10. 7 trillion. And during the two sessions this year, according to the official audit, Chinese governments at all levels of total liabilities should be between 15 trillion yuan to 18 trillion yuan. The risk of local government debt has caused the attention of the top, the end of July, the national audit office has been under the state council's demand to audit authority to audit again for government debt, audit is wider, audit project is more fine.
So far, this round of audit results government debt has not been released. Some industry experts,JIS 5K Plate flanges however, gave his estimate. Researcher at the institute of Chinese academy of social sciences financial Liu Yuhui held in 16, local government credit rating, speaking at a conference pointed out that after he had done according to China's commercial Banks balance sheet estimates, China's overall debt in 2012, under the "growth" policy guidance, a new round of expansion of credit open, financial institutions leverage rises, in this case, the local government debt are expected to rise further, compared with the past. He estimated that if the bank credit in the table of the financing, bank financing platform as the financing channels of financing platform and B T construction between local government debt, put together, which is formed by the debt significantly beyond the level of 2010, has reached 20 trillion yuan, I'm afraid.
In debt issued credit ", the main body of local government credit rating method in China, points out that at present, the deepening of urbanization in our country is still at the stage, local government infrastructure financing demand is very big, is expected to keep annual investment in 4 trillion yuan to 5 trillion yuan, the local government revenue cannot meet the demand of infrastructure investment, is expected in the future will remain a lot of local government debt.
It is worth noting that the debt financing platform is often hidden and latent risk. According to the special of the people's bank of statistics, as of late 2009, the local government financing platform indebted amount is about 9.76 trillion yuan. Debt in the credit,60mm thick wall seamless carbon steel pipe points out that despite the local government financing platform, debt financing to relieve the tense situation of local government infrastructure construction funds have played a positive role, but also has some problems, such as: insufficient standard operation,API 5l X52 steel pipe and tube there are some government financing platform assets allocated at random, violate compasses guarantee, investment is not real, and so on and so forth; Some local governments use multiple financing platform or rely on land finance excessive borrowing, and is not included in the budget management, large-scale recessive debt may lead to the excessive expansion of local government debt. In addition, the local government financing platform for the debt financing cost is high, its interest rates much higher than the Treasury bonds issuing local government bonds, this just more pressure on limited financial capital formation.
According to the national audit office of previous audit results, at the end of 2010 the national local government debt balance 10. 7 trillion. And during the two sessions this year, according to the official audit, Chinese governments at all levels of total liabilities should be between 15 trillion yuan to 18 trillion yuan. The risk of local government debt has caused the attention of the top, the end of July, the national audit office has been under the state council's demand to audit authority to audit again for government debt, audit is wider, audit project is more fine.
So far, this round of audit results government debt has not been released. Some industry experts,JIS 5K Plate flanges however, gave his estimate. Researcher at the institute of Chinese academy of social sciences financial Liu Yuhui held in 16, local government credit rating, speaking at a conference pointed out that after he had done according to China's commercial Banks balance sheet estimates, China's overall debt in 2012, under the "growth" policy guidance, a new round of expansion of credit open, financial institutions leverage rises, in this case, the local government debt are expected to rise further, compared with the past. He estimated that if the bank credit in the table of the financing, bank financing platform as the financing channels of financing platform and B T construction between local government debt, put together, which is formed by the debt significantly beyond the level of 2010, has reached 20 trillion yuan, I'm afraid.
In debt issued credit ", the main body of local government credit rating method in China, points out that at present, the deepening of urbanization in our country is still at the stage, local government infrastructure financing demand is very big, is expected to keep annual investment in 4 trillion yuan to 5 trillion yuan, the local government revenue cannot meet the demand of infrastructure investment, is expected in the future will remain a lot of local government debt.
Sunday, September 15, 2013
After the financial sector reform who will be next?
On the BBS, as in recent months has experienced money shortages and "oolong refers to" let go of the multiple accidents and lending rate policy changes, such as China's financial sector to sch160 thick wall water pipe welded steel pipe become one of the most discussed topic areas, for the future development of basically the same judgment also, which speed up the marketization reform in the field of financial capital.
Li keqiang, the prime minister also said that the next step to promote the reform of financial system in China, the key is to adhere to the basic orientation of marketization reform, actively and steadily promote the marketization of interest rate, exchange rate, gradual RMB convertible under capital items. "As nature has trees, grass. Business with multinational corporations, JIS MS plate flat welded forged flange and there's a small micro enterprise. The financial system should also have ecological circulation, also has the small cycle, both big Banks, there are also small Banks, and even have a village Banks", li said.
Like tsinghua university, China and the world economy research center director li (weibo) point of view, the financial sector reform has been basically shaped, controversial relative is not very big, interest rate marketization, gradually open capital account, the exchange rate further open, ASME B16.9 Butt Welded reducing tee and asset securitization, and of course in the field of financial reorganization, bad assets reorganization, actually is the trend of financial reform.
Who will be the next? Observers note that the Chinese government has recently increased in the field of economic crime investigation dynamics, on the one hand is against foreign drug companies, API 5L X65 Steel Pipe foreign brand milk powder and other alleged monopoly, on the other hand, a survey of the domestic enterprises such as oil monopoly of corruption.
Li daokui, notable is state-owned enterprises, the reform of state-owned enterprises mentioned what height, what specific measures worth waiting for. According to industry experts, breaking the monopoly of state-owned enterprises, let more what are allowed in the industry, the market competition, is the future for a period of time plays an important role in promoting the economic rejuvenation of China.
Notable is, the davos BBS, the debate about monopoly and monopoly became one of the most busy moment. "China held on September 12th to consumption state" of the points on the BBS, says Mr Li, vice-president of China mobile, complained that you always give us the hat buckle "monopoly", it is the home of three carriers competition is fierce, now who don't use micro letter, micro letter is the monopoly.To this, the famous economist, he retorted that says Mr Li is to confuse the correct meaning of monopoly, the real monopoly is the government doesn't allow free access to market in some industry. Is not a competition among major operators, but infighting, China mobile is a monopoly.
Li keqiang, the prime minister also said that the next step to promote the reform of financial system in China, the key is to adhere to the basic orientation of marketization reform, actively and steadily promote the marketization of interest rate, exchange rate, gradual RMB convertible under capital items. "As nature has trees, grass. Business with multinational corporations, JIS MS plate flat welded forged flange and there's a small micro enterprise. The financial system should also have ecological circulation, also has the small cycle, both big Banks, there are also small Banks, and even have a village Banks", li said.
Like tsinghua university, China and the world economy research center director li (weibo) point of view, the financial sector reform has been basically shaped, controversial relative is not very big, interest rate marketization, gradually open capital account, the exchange rate further open, ASME B16.9 Butt Welded reducing tee and asset securitization, and of course in the field of financial reorganization, bad assets reorganization, actually is the trend of financial reform.
Who will be the next? Observers note that the Chinese government has recently increased in the field of economic crime investigation dynamics, on the one hand is against foreign drug companies, API 5L X65 Steel Pipe foreign brand milk powder and other alleged monopoly, on the other hand, a survey of the domestic enterprises such as oil monopoly of corruption.
Li daokui, notable is state-owned enterprises, the reform of state-owned enterprises mentioned what height, what specific measures worth waiting for. According to industry experts, breaking the monopoly of state-owned enterprises, let more what are allowed in the industry, the market competition, is the future for a period of time plays an important role in promoting the economic rejuvenation of China.
Notable is, the davos BBS, the debate about monopoly and monopoly became one of the most busy moment. "China held on September 12th to consumption state" of the points on the BBS, says Mr Li, vice-president of China mobile, complained that you always give us the hat buckle "monopoly", it is the home of three carriers competition is fierce, now who don't use micro letter, micro letter is the monopoly.To this, the famous economist, he retorted that says Mr Li is to confuse the correct meaning of monopoly, the real monopoly is the government doesn't allow free access to market in some industry. Is not a competition among major operators, but infighting, China mobile is a monopoly.
Wednesday, September 11, 2013
Economy situation to be seen
But the economy as a whole is big rebound carbon steel spiral welded tube trend, remains to be seen.At present many institutions expected industrial growth in August than in July continued to rise. Such as, speedy securities bocom August industrial growth is expected to 9.8%, 9.9% black carbon steel butt welded concentric reducer respectively, higher than 9.7% released in July.
However, united securities analyst Yang for Xiao believes that the current industrial growth is higher, is SCH160 Nominal Wall Thickness welded Pipe associated with short-term added industrial products inventory. The persistent difficulty is very big. Industrial production or there will be upward fatigue phenomenon, and in the fourth quarter carbon steel api 5l grade B tube fall risk.Bocom released according to the report, the current domestic industrial overcapacity is still grim, consumer demand is basically stable, did not see upward inflection point, weak stabilizing external demand, export boost has great difficulty, whole year is expected to industrial production rebounded sharply probability is not big. Our reporter learned that in September around the industry and the whole society from electricity utilization dropped sharply, like henan early September day power consumption, and in May this year.
Overall power and energy intensive industry is still weak. Henan province August 1 - all social power consumption of 193.3 billion KWH, up 4.57% from a year earlier. But four big energy-consuming profession 70.4 billion KWH electricity in henan province, reduce 2.91% year-on-year. Including aluminium, steel, chemical industry, building materials industry electricity year-on-year decline 8.03%, 1.8%, 3.74% and 1.8% respectively.
The price of coal is still negative. August producer prices for coal mining and washing industry negative growth of 12.4% over the previous year, fell 1.5%.For the growth of the whole society electricity so quickly, why not rising coal prices, China's coal transportation association consultant Wu Chenghou believes that the main reason is that power plant coal inventory is very big, at the same time generating hours is still very low. With rapid growth of electricity time is limited, "so the economy is still not real big rebound. For coal demand."
But xiamen university energy research center director Lin Bojiang thinks, industrial power occupy the lion's share of the electricity in the whole society, electricity in the whole society, means that the economy has rebounded, September electricity in the whole society is expected to continue to get better. As for coal prices fall, is not the problem of coal demand, but coal too serious excess capacity.
However, united securities analyst Yang for Xiao believes that the current industrial growth is higher, is SCH160 Nominal Wall Thickness welded Pipe associated with short-term added industrial products inventory. The persistent difficulty is very big. Industrial production or there will be upward fatigue phenomenon, and in the fourth quarter carbon steel api 5l grade B tube fall risk.Bocom released according to the report, the current domestic industrial overcapacity is still grim, consumer demand is basically stable, did not see upward inflection point, weak stabilizing external demand, export boost has great difficulty, whole year is expected to industrial production rebounded sharply probability is not big. Our reporter learned that in September around the industry and the whole society from electricity utilization dropped sharply, like henan early September day power consumption, and in May this year.
Overall power and energy intensive industry is still weak. Henan province August 1 - all social power consumption of 193.3 billion KWH, up 4.57% from a year earlier. But four big energy-consuming profession 70.4 billion KWH electricity in henan province, reduce 2.91% year-on-year. Including aluminium, steel, chemical industry, building materials industry electricity year-on-year decline 8.03%, 1.8%, 3.74% and 1.8% respectively.
The price of coal is still negative. August producer prices for coal mining and washing industry negative growth of 12.4% over the previous year, fell 1.5%.For the growth of the whole society electricity so quickly, why not rising coal prices, China's coal transportation association consultant Wu Chenghou believes that the main reason is that power plant coal inventory is very big, at the same time generating hours is still very low. With rapid growth of electricity time is limited, "so the economy is still not real big rebound. For coal demand."
But xiamen university energy research center director Lin Bojiang thinks, industrial power occupy the lion's share of the electricity in the whole society, electricity in the whole society, means that the economy has rebounded, September electricity in the whole society is expected to continue to get better. As for coal prices fall, is not the problem of coal demand, but coal too serious excess capacity.
Sunday, September 8, 2013
Yearly salary 250000 oil in place class cadres
On August 25, sasac website announced that 5D induction bends 90 degree in October 31 2013 state-owned assets supervision and administration system of supervision enterprise employees salary ANSI Sch40 butt welding eccentric reducer pipe fittings survey work.
This survey is aimed at the provinces, autonomous regions and municipalities directly under the central government JIS 5K Plate flanges and cities under separate state planning and xinjiang production and construction corps sasac sponsor responsibilities of enterprises, and the central enterprises, and for the first time the state worker "wage income" into the scope of investigation.
"At present, state executives and ordinary Carbon steel threaded ASME B16.9 concentric reducer workers wage income gap is more and more big, the average gap is close to 20 times, some enterprises CEO salaries or even one hundred times higher than ordinary workers." Sasac research center researcher distinguished MingZhong off an interview with time weekly reporter said.
In the past, state the worker's wage income outside, including workers' welfare, compensatory endowment insurance premium income (enterprise annuity), supplementary medical insurance, housing accumulation fund, all kinds of commercial insurance and so on, has not been included in the state-owned assets supervision and administration of state-owned enterprise total wages statistics and standardize the management.
In take off MingZhong view, the state-owned assets supervision and administration commission of the state council has launched soe employees salary survey may be based on two reasons, one is the response of the state council announced at the beginning of the several opinions about deepening the reform of the income distribution system, heralds the state-owned assets supervision and administration is rushing to research the income distribution system reform of state-owned enterprises supporting scheme and the detailed rules for the implementation.
The second is to strengthen the foundation of the state-owned enterprise income distribution regulation, improve the work of supervision enterprise income distribution regulation of state-owned assets supervision and administration system of scientific, reasonable and accurate.In fact, dominated by the state-owned assets supervision and administration compensation investigation since 2007 for a year, but the result was never published. And the departments of state and the operation is caused people curious about the height of the topic: how the state employee salaries and benefits?
This survey is aimed at the provinces, autonomous regions and municipalities directly under the central government JIS 5K Plate flanges and cities under separate state planning and xinjiang production and construction corps sasac sponsor responsibilities of enterprises, and the central enterprises, and for the first time the state worker "wage income" into the scope of investigation.
"At present, state executives and ordinary Carbon steel threaded ASME B16.9 concentric reducer workers wage income gap is more and more big, the average gap is close to 20 times, some enterprises CEO salaries or even one hundred times higher than ordinary workers." Sasac research center researcher distinguished MingZhong off an interview with time weekly reporter said.
In the past, state the worker's wage income outside, including workers' welfare, compensatory endowment insurance premium income (enterprise annuity), supplementary medical insurance, housing accumulation fund, all kinds of commercial insurance and so on, has not been included in the state-owned assets supervision and administration of state-owned enterprise total wages statistics and standardize the management.
In take off MingZhong view, the state-owned assets supervision and administration commission of the state council has launched soe employees salary survey may be based on two reasons, one is the response of the state council announced at the beginning of the several opinions about deepening the reform of the income distribution system, heralds the state-owned assets supervision and administration is rushing to research the income distribution system reform of state-owned enterprises supporting scheme and the detailed rules for the implementation.
The second is to strengthen the foundation of the state-owned enterprise income distribution regulation, improve the work of supervision enterprise income distribution regulation of state-owned assets supervision and administration system of scientific, reasonable and accurate.In fact, dominated by the state-owned assets supervision and administration compensation investigation since 2007 for a year, but the result was never published. And the departments of state and the operation is caused people curious about the height of the topic: how the state employee salaries and benefits?
Thursday, September 5, 2013
Beijing sihuan prices as Hong Kong
China index research institute (microblogging), the latest figures show the cities housing prices in August 15 consecutive month-on-month rise. Among them, Beijing rising from the most 90 degree pipe fitting long radius elbow obvious, is up 3.22%, year-on-year increase of 22.49%. Within 2013 years ago in July, Beijing sihuan commodity residential house to clinch a deal for an average of 42259 yuan/sq m, up 24% year-on-year; Has roughly doubled in four years ago.
Midland realty, according to data in the year to August 2013, the famous Hong Kong 100 small and medium-sized private estates to clinch a deal for an average of 7203 Hong Kong dollars per square Industry Standard Welding Neck Flange foot (press) of computation of building surface, about equivalent to RMB 62000 / per square meter. Among them, the location close to the third ring road in Beijing - Kowloon 8042 Hong Kong dollars per square foot of sihuan, of about 70000 yuan/square meters. And new house average Double-sided submerged arc welding steel pipe price near Beijing, already up to 60000, and very close to Hong Kong, the north has up to 50000-60000 yuan/square meters. Of houses in the centre of the city is also a lot of the unit price to $80000 above, with the Hong Kong island district average approximation. If it is the school district room is almost as if house prices in Hong Kong.
However, if consider Hong Kong to buy a api 5l x50 seamless steel line pipe house is to press set inside area calculation and exchange rate factors, Beijing sihuan rates can be as Hong Kong. To middle-class families buy a set of available for ordinary residential as an example, the basic living in Hong Kong, shatin, area (the equivalent of Beijing sihuan) to buy a 70 square metre (set) in residence, approximately hk $7 million, equivalent to about 5.6 million, and in Beijing sihuan a construction area of 100 square meters, set inside of about 80 square meters of housing, is 5 million yuan RMB, the difference is not too much.
Beijing sunshine 100, deputy general manager of real estate Fan Xiaochong also told our reporter pointed out that of the first-tier cities, including Beijing house price matches the world-class cities such as Singapore and Tokyo, and cost-effective compared to these cities, there are prices artificially high.
So far, the heat of the Beijing property market is still increasing. According to centaline property market research statistics, the first eight months of the year, Beijing new housing (excluding the affordable housing) signed total 59039 sets, with a total construction area of 7.01 million square meters, the volume is the second peak of the last five years, after 2009.
In contrast with Beijing, with a record high of the Hong Kong real estate market is weak. Last August, after several regulatory policies by the government of Hong Kong, the property market trading day is cold, house prices to smooth, mainland investors also elusive. Journalists access to Hong Kong transport and housing authority land registry data found that building business contract number only in Hong Kong in August 5111, last year fell fifty percent year-on-year.
Hong Kong CIMB securities research report pointed out that Hong Kong property prices in the unstable state of bubble, estimated 2014 property prices fell 10% ~ 15%, could fall another 15% to 15% in 2015.
Midland realty, according to data in the year to August 2013, the famous Hong Kong 100 small and medium-sized private estates to clinch a deal for an average of 7203 Hong Kong dollars per square Industry Standard Welding Neck Flange foot (press) of computation of building surface, about equivalent to RMB 62000 / per square meter. Among them, the location close to the third ring road in Beijing - Kowloon 8042 Hong Kong dollars per square foot of sihuan, of about 70000 yuan/square meters. And new house average Double-sided submerged arc welding steel pipe price near Beijing, already up to 60000, and very close to Hong Kong, the north has up to 50000-60000 yuan/square meters. Of houses in the centre of the city is also a lot of the unit price to $80000 above, with the Hong Kong island district average approximation. If it is the school district room is almost as if house prices in Hong Kong.
However, if consider Hong Kong to buy a api 5l x50 seamless steel line pipe house is to press set inside area calculation and exchange rate factors, Beijing sihuan rates can be as Hong Kong. To middle-class families buy a set of available for ordinary residential as an example, the basic living in Hong Kong, shatin, area (the equivalent of Beijing sihuan) to buy a 70 square metre (set) in residence, approximately hk $7 million, equivalent to about 5.6 million, and in Beijing sihuan a construction area of 100 square meters, set inside of about 80 square meters of housing, is 5 million yuan RMB, the difference is not too much.
Beijing sunshine 100, deputy general manager of real estate Fan Xiaochong also told our reporter pointed out that of the first-tier cities, including Beijing house price matches the world-class cities such as Singapore and Tokyo, and cost-effective compared to these cities, there are prices artificially high.
So far, the heat of the Beijing property market is still increasing. According to centaline property market research statistics, the first eight months of the year, Beijing new housing (excluding the affordable housing) signed total 59039 sets, with a total construction area of 7.01 million square meters, the volume is the second peak of the last five years, after 2009.
In contrast with Beijing, with a record high of the Hong Kong real estate market is weak. Last August, after several regulatory policies by the government of Hong Kong, the property market trading day is cold, house prices to smooth, mainland investors also elusive. Journalists access to Hong Kong transport and housing authority land registry data found that building business contract number only in Hong Kong in August 5111, last year fell fifty percent year-on-year.
Hong Kong CIMB securities research report pointed out that Hong Kong property prices in the unstable state of bubble, estimated 2014 property prices fell 10% ~ 15%, could fall another 15% to 15% in 2015.
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