Saad affected banks, indirect loss concerns

[Korea sinyuncheol financial newspaper reporter] The banking sector altitude has a crush on my feelings affect China's missile defense systems (THAAD · Saad below) jimyeonseo stronger paying attention aneulji not interfere with the business.

There seems China is an economic reprisals movement of the Chinese market, domestic banks have placed Saad reportedly did not receive direct damage so far. However, the experience and the local ambience exacerbated Korea doeja other companies are subject to retaliation and fear the indirect damage.

◇ direct damage is small scale, lack awareness

Commercial banks were constantly busy trying to capture with the new international dining opportunities. China is a lot of banks have entered the country in order to establish the Asian financial belt. One operating in China KEB, the Chinese subsidiary of our assets, Shinhan, IBK company, KB Kookmin Bank is a total of 20.762 trillion won (September 2016 monthly basis). The number of stores, including subsidiaries and branches, largest financial holding firm operating in China now is the financial one. 31 where banks, financial investment company has two locations (where one corporation, one office location). Shinhan Financial and Woori Bank have also shop around and out of the 20 banks have a presence.

Domestic banks have entered the Chinese state, but tend small scale local awareness is also low so far. Rather, these situations are excluded from the side directly sanctioned according to Saad place. In addition, Chinese operating subsidiaries of these banks have a 80-90% now put Korea and Chinese immigrants entering the main customers. Just as the local atmosphere to experience a worsening level of devoting attention to future changes.

KEB, Hana Bank choejeongheon global business team leader is not about the local situation, "the fact Korean banks have high awareness in China. If the problem occurs because of the current difficulties experienced sales network, there is no competitive harm less powerful and can not be called particularly because Sade "and" naenwatda yiraseo the position that the Bank of Korea until the situation is not subject to discrimination in particular. " KEB is rated as one bank put a ball on the expansion of China's commercial banks to the equity investment through the expansion and Jilin Bank and the International jungmin rights offering lease financing directly involved in China.

◇ credit, currency transactions, the economic slowdown concerns

However, banks are domestic companies operating in China have haejun in the face of difficulties in operating funding to these organizations to receive collateral damage. Because Chinese subsidiaries are credit risk as long as the Chinese market samgo Korea as a major enterprise customers to grow.

In particular, the direct discharge of a target company Lotte funded banks were ange trouble. In 10 days, according to the FSS providing domestic commercial banks, the China subsidiary of Lotte Group is a goddess 1.2 trillion won. A 2-trillion combined 800 billion won fund to the foreign banks domestic branches, including the Chinese lent. It has its own large-scale loans if prolonged economic retaliation Sure it is impossible to anticipate how to increase the total risk.

The expected impact of the economic slowdown baohchi (保 七 · 7% growth) abandonment of the Chinese government seems to be the enemy. Banks overseas subsidiaries personnel "The Chinese government has set up a regulatory barriers to entry for those with foreign banks. There are a limited company with foreign banks can not access a huge impact in the first place. Another quality of relationships with Chinese companies, said good side. "

Just recently, the exchange rate is related to increased risk of a troubled banking sector. Banks operating in China are the accounting change it back to dollars when earns revenue from the renminbi. However, profitability has deteriorated to the yuan devalued currency transactions are occurring. Just because the dollar as gains in stocks were also neuleonatgi the existing situation and not by unilateral damage. However, there can be a burden because if the devaluation of the currency transactions Persistence size also increases.

Financial officials "about the impact on the banking sector Saad Saad is a problem between the United States and China. To date, no preparation time between the inde substantially deployment phase So it does not already have a specific impact. Korea is limited because of the fact passive role in the incident. The United States is just a way of responding to economic sanctions against China and is China's effective economic retaliation ahnigie always watch the market situation in the future, "said he said.



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