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IDR 725 Kuadriliun, Terbesar di Dunia, Aset Perbankan China

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Perbandingan Aset Perbankan China vs AS & UE

Bangsa China terkenal hidup irit dan menabung sekitar 45% dari pendapatan mereka, Salah satu haislnya: perbankan China memiliki aset yang terbesar di dunia.

Ada 192 buah bank umum di China plus 3 buah bank pelaksana kebijakan pemerintah (policy bank).

CBIRC (Komisi Pengaturan Perbankan dan Asuransi China) menerbitkan laporan pada 11 Mei 2021 bahwa per akhir Maret 2021, jumlah asset perbankan China, yang beroperasi di China plus cabang-cabang LN mereka, dalam Yuan (CNY; RMB) dan valas mencapai IDR 725.000 T*, atau IDR 725 kuadriliun (K; 1015), naik sebesar 9% dari yang tercatat per akhir Maret 2020 (www.cbirc.gov.cn: Supervisory Statistics of the Banking and Insurance Sectors – 2021 Q1 Statistics, diterbitkan pada 11 Mei 2021).

Nilai itu adalah sekitar 2,3 X jumlah aset perbankan AS yang sekitar IDR 315 K* (www.fred.stlouisfed.org: Total Assets of All Commercial Banks, 08/04/2021), atau 1,4 X jumlah aset perbankan Uni Eropa yang IDR 515,77 K* (www.ecb.euro.eu: ECB publishes consolidated banking data for end-March 2021), atau sekitar 78 X jumlah aset perbankan umum Indonesia yang IDR 9,3 K per akhir Maret 2021 (Laporan Profil Industri Perbankan-Triwulan 1 2021 oleh OJK).

*Sampai saat ini, mirip perbankan Uni Eropa (UE), perbankan China masih dominan dalam penyediaan dana ke sector ekonomi China karena pasar obligasi China masih sedang tumbuh (baru bernilai pasar sekitar IDR 288 K). Sebaliknya, aset perbankan AS lebih kecil daripada pasar obligasi AS (IDR 662 K) yang terbesar di dunia.  Perbedaan lainnya: (i) Baru sekitar 2,9% dari nilai pasar obligasi China dimiliki oleh investor asing; (ii) sekitar 30% dari nilai pasar obligasi AS maupun UE sudah dimiliki oleh investor asing.

Perbandingan Aset Perbankan China vs yang AS & Uni Eropa (UE)

Tabungan Bangsa China dari sebagian hasil Kerja Keras

Itu adalah salah satu hasil iritnya bangsa China: mereka menabung sekitar 45% dari GDP mereka. Sebagai perbandingan, bangsa kita menabung antara 28,3% dan 37,8% antara 2010-2017 (www.ceicdata.com) yang dilaporkan secara kuartalan. Itu adalah angka-angka kotor tabungan (gross savings rate) sebagai hasil pengurangan angka GDP nominal oleh pengeluaran konsumsi final.

Riwayat Kenaikan Rasio Tabungan Bangsa China terhadap Penghasilan yang Dapat Dibelanjakan sejak 1955

Karena GDP China selama 2020 adalah sekitar USD 15,8 triliun, tabungan baru bangsa China selama tahun 2020 saja berjumlah sekitar USD 7,11 triliun (IDR 102,384 triliun), atau 11,23 kali jumlah aset perbankan Indonesia per akhir 2020, yang sekitar IDR 9.117,91 triliun, rekor sejak merdeka pada 1945, dengan catatan: kenaikan asset perbankan Indonesia selama pandemi Covid-19 (Februari 2020-sekarang) disebabkan oleh jutaan usaha tutup dan banyak sekali di antara yang lainnya mengurangi kegiatan mereka sehingga mereka menyimpan modal kerja mereka di perbankan sejak April-Mei 2020. Fenomena yang mirip juga terjadi perbankan China selama Februari-Mei 2020, yaitu kenaikan mendadak dana pihak ketiga sekitar IDR 22.000 triliun. Fenomena itu sudah berakhir di China sejak Juni 2020 karena ekonomi China bangkit kembali dengan cepat.

Rasio tabungan rumah tangga Indonesia secara Kuartalan, yang rata-rata sekitar 32% per tahun.

Empat Bank Terbesar (the Big Four) dan Enam Bank Terbesar (the Big Six) di China

Enam buah bank umum yang terbesar di China (the Big Six**), yang empat di antaranya (the Big Four***) juga terbesar di dunia, yaitu ICBC (IDR 74,8 K, sekitar ), CCB (IDR 64,8 K), ABC (atau AgBank) (IDR 61,9 K) & BoC (IDR 56,1 K), plus Postal Savings Bank of China  (PSBC) (IDR 25,9 K) dan Bank of Communications (BOCOM) (IDR 24,4 K) (semuanya tercatat di Bursa Efek Shanghai), memiliki jumlah aset sekitar IDR 307,9 K, naik sebesar 8,1% dari yang tercatat per akhir Maret 2020, sehingga menguasai sekitar 42,4% dari aset total industri perbankan China. Sebagai perbandingan, bank umum yang terbesar di ASEAN berdasarkan jumlah aset adalah DBS (IDR 7 K) dari Singapura dengan banyak kantor cabang, perusahaan anak dll di LN, yang mencakup Indonesia.

**Menurut laporan keuangan masing-masing per akhir Maret 2021

***1.Berdasarkan jumlah aset, keempat bank milik China itu merupakan bank-bank yang terbesar ke-1, ke-2, ke-3 dan ke-4 di dunia menurut Standar-Standar Pelaporan Keuangan Internasional (IFRS). JPMorgan Chase adalah yang ke-6 dan Bank MUFJ (Jepang) ke-5.(www.spglobal.com: 100 Largest Banks 2021)

Sumber: www.spglobal.com, diolah

      2.Persaingan antara JPMorgan Chase dan Bank MUFJ dalam jumlah aset. Berdasarkan Prinsip-Prinsip Akunting yang Disetujui secara Umum di AS (US GAAP), JPMorgan Chase adalah bank terbesar ke-4 di dunia dan MUFG ke-6. Perbedaannya: IFRS menghitung nilai aset turunan secara bruto sedangkan US GAAP menghitungnya secara bersih.

Sumber: www.spglobal.com, diolah

(TST & GAI)

Key to success in a country’s education & economic growth: Train people in the specialties it needs

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logo Universitas Peking, China

A recent example is China’s fast and amazing economic growth. They build one science and technology university nearly every week. Now they graduate about 4.7 million engineers a year, the most in the world.

Some of the fruit of Chinese education:

  1. China landed the world’s first probe on the dark side of the moon. Click on this link to view a number of related videos of this event: https://www.google.com/search?q=chinese+probe+landed+on+the+dark+side+of+the+moon&oq=chinese+probe+landed+on+the+dark+side+of+the+moon&aqs=chrome..69i57.18339j0j4&sourceid=chrome&ie=UTF-8 .
  2. China launched the world’s first triple-mission to Planet Mars and landed both the Martian lander and Zhurong rover there. The rover is now roaming the planet (https://www.usatoday.com/story/news/world/2021/06/11/china-mars-rover-zhurong-new-photos/7655529002/)
The right way of developing a country: train people in the specialties a country needs, specially science and technology.

Fore more information about China’s plan to rival MIT and Stanford in science and research, click on this link:https://www.scmp.com/tech/policy/article/3135087/us-china-tech-war-china-taps-12-top-universities-rival-mit-and-stanford.

Fore more information about Peking University, click on this link:https://english.pku.edu.cn/.

Stealth fighters obsolete: China’s Tsinghua University developing a new type of quantum radar

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logo of Tsinghua University
The School of Aerospace Engineering of Tsinghua University has been developing a new type of quantum radar capable of detecting stealth fighter jets.

It costs China much less to destroy any stealth fighters built by the US and others. a team of Tsinghua University scientists in Beijing, China, has been researching a new type of quantum radar under the leadership of Prof. Zhang Chao of the university’s aerospace engineering school.

The South China Morning Post reports (link below) that the university,110 years old (https://www.tsinghua.edu.cn/en/Schools___Departments.htm), is now looking for partners to make a prototype of the radar.

Source: www.lockheedmartin.com: F-35 Stealth Fighter Jet

For more information about how Chinese radars can detect stealth fighers, open this video link: China’s New Radar technology mark the end of the US’ stealth dominance: https://www.youtube.com/watch?v=q_s8E7LWTjY

COSCO SHIPPING Holdings’ stock price has soared by nearly 100% YTD on its huge profit of USD 5.7 billion in 1H of 2021

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Cosco Shipping Holdings

The Chinese state-owned company COSCO SHIPPING Holdings, ranked second in the world in terms of shipping capacity while Maersk Line of Denmark first, has seen its stock price soaring by nearly 100% YTD as it made a huge profit of CNY 37.1 billion (USD 5.7 billion) in 1H of 2021, roughly 32 times what it made in the same period last year (Y-on-Y).

Its financial results, dated July 7, 2021, were reported to the HKEX (see https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0707/2021070701353.pdf), entitled ‘

POSITIVE PROFIT ALERT
REGARDING 2021 INTERIM RESULTS
The Board wishes to inform the Shareholders and potential investors that the Group is expected to record a net profit attributable to the Shareholders for the Reporting Period of approximately RMB 37,093 million, as compared to that of approximately RMB 1,137 million for the six months ended 30 June 2020; and the Group is expected to record a net profit (after deducting non-recurring profit and loss) attributable to the Shareholders for the Reporting Period of approximately RMB37,021 million, as compared to that of approximately RMB 882 million for the six months ended 30 June 2020.’


Picture source: company website

See its stock price chart below

Chart Source: Google, quoted on Sept 4, 2021

Yicai Global reported on September 3, 2021, that the company signed an agreement to buy 10 new container ships at a cost of USD 1.6 billion for delivery between the 4th quarters of 2024 and 2025. Last July, the company penned another agreement to buy 10 container ships at USD 1.5 billion. with other purchases, the company is waiting to add 32 new ships between 2023 and 2025.

SMIC to Build USD8.9 Billion Fab in Shanghai Amid Global Chip Shortage

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Tesla Model S, made in Shanghai

SMIC, the largest fab firm in China, is going to set up a new fab in Shanghai, Yicai Global reports today.

Most young smokers have low IQ levels

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Tesla Model 3
Smokers should be rich

A study in Israel among young smokers found that most smokers have low IQ levels and smoking has caused these levels to even go down.

The difference between what the poor do in China and those in the USA

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Excerpted from the YouTube video, entitled “China’s 600 million poor people, ” hosted by China Teacher Brand, June 25, 2020

Every time that I go into the comments section and the kind of YouTubers, you hear people saying, ah, China has 600 million poor people. There are so many poor people in China. What are you talking about? China being a superpower or not? and I thought well, perhaps it is a good idea to talk a little bit about what we consider poor here here, in China.

I think that there are two kinds of the working class; first, you have those poor people in the countryside; those are farmers and most of these people, well, have something else. So that’s an important thing to consider. They have food that they can grow; they have eggs, pigs, and cows, whatever, and they also grow rice, potatoes, fruits. Yeah, so they’re not so worried about whether you’re going to eat tomorrow for breakfast; board for dinner… what you would consider work.

But see people live here; it’s not an issue if it’s not the best facilities in the world. So, Let’s talk a little bit about the farmers in the countryside, right? They have shelter. They have a place to lay their head to rest at night after a long day of work.

So having food and shelter doesn’t really ring as poor somebody who doesn’t have a way to live. Is it an ideal situation? No, do they have the latest comforts and the technology? No. Do they have access to education; it might be limited. Do they have access to health? It might be limited, but think about the poor in America. If you don’t have a job, do you have social insurance? So if you have medical insurance, such an insurance probably does. But, do you have medical insurance? Do you have food Insurance? Are you sure that you’re going to have enough money? If you need to work, two or three jobs just to put enough money on the table. Do you have enough money to pay for rent? That’s an important difference to consider.

So, let’s think about those farmers here in China who decide to come to the city and work in the city. Let’s say, they don’t have a university degree. So what job can they find? They can find work at a factory. So, … you know that one of the first things that factories do is they build the dormitory for their workers.

There are factories with thousands of workers. And that’s what they do. They build a dorm; is it a penthouse? No, it’s a room shared with four, five, six, or seven people, and well it is not the best accommodation in the world. But, they have shelter. Compare that to the homeless in Los Angeles.

For example, they wish they had a place to lay their head at night. They wish they had guaranteed food because that’s the next thing that factory workers receive. They get three meals a day. So if you are 18 years old, and you don’t want to work in the land, you don’t want to work on the farms, you can go to a factory and get employed and you get shelter and food and on top of that, you get the minimum salary.

Here in my city, Donguan, it is a thousand eight hundred RMB a month, which is about 300 to 350 dollars a month. The thing is that’s the money in their pockets. That’s money that if they wanted to have, and believe me, many of them. Do they save it? Yes, they save it all. That’s why this is where tradition of Chinese people plays a very important role.

Chinese people love to save money; this young guy making three hundred and fifty dollars a month knows that in 10 years, he will have saved about $40,000 perhaps $ 50,000 or $60,000. That is going to be enough money for him to go out and invest in creating his own business, starting his own thing, because after 10 years or 15 years, he has enough experience and enough connections and now he has enough money to go out there and try to build something for himself by himself.

That’s the huge, huge advantage that they have when you’re thinking about city dwellers in America, for example, when you can’t save, you have nothing to look forward, you have nothing to wish for because you know, you’re stuck. You’re not gonna get out of this situation.

Well, the situation is very different here in China: a factory worker knows that in 10 or 15 years, His situation is going to be very different. And then again, we’re talking about poor people. These people care about the latest fashion? Most of them don’t. Do these people care about the latest technology? the latest iPhone? They couldn’t afford it. They don’t adopt. It doesn’t matter to them. They are fixated on and obsessed with the future, with creating a different future for themselves: working, saving, and getting experience, so that they can Become the factor of change in their lives.

What about America? What is the trend in America? The trend is the opposite: more and more people are finding themselves having to have two or three jobs to stay afloat, to pay for rent and to pay for the food that they need to put on the table. So, that’s what I wanted to share with you guys when people come and say to me,” Oh there are so many poor people in China.”

They do not really know that they are very different kind of the poor and that’s the thing when you have no prospects in life. That’s poverty of the soul. That’s probably the worst kind of policy. So let’s not judge China and Chinese poverty or the poor in China so quickly; take a minute to analyze how they are different from the poor in the West.
and see that well, it’s not that bad.

A major cultural value between China and America: Saving Face, excerpted from a YouTube video, entitled “5 Major Differences between America and China,”

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June 2020, hosted by Jack Finch

I’m sure you’ve all seen the iconic scenes of New York City traffic jams, horns blaring, two cars have collided and people screaming at each other in the street. Well, in China, cultural values make China a very different place.

Chinese culture has a huge emphasis on saving face. And any kind of public confrontation is pretty much just never done. It’s very rare to see people arguing in the streets and you will 100% never see a fist fight l…. it It’s incredibly rare for people to sue each other or even go to court in China. Both parties have to agree to be in court in order to file a lawsuit. The things have to be pretty tense before it gets to that.

Compare this with the United States, where, well, people sue each other for sneezing the wrong way crazy. There are even stories of motorcyclists in Beijing crashing into each other getting up off the ground looking at each other and then just ride in a way without a single word being said, they just don’t want the hassle of public confrontation.

An interview by PBS with Huang Hung on How American and Chinese Values shaped the Coronavirus Response

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May 2020

Interviewer:”It’s so good to see you. Thank you for joining us. How’s your how’s your 2020 theme?”

Huang Hung: my 2020 started totally normal. in January, I went to Paris, I did my interview for the Fashion Week there, came back to Beijing January 22nd and finding things a little bit tense because there were a lot rumors having lived through SARS. I wasn’t that concerned and on the 23rd, I had a friend of mine from New York come to my house who had a flu and we had dinner together and another friend who came and who left the next day for Australia for vacation on an airplane. So we were not taking this terribly seriously until there was a lockdown and we’ve seen.

Interviewer:” That Echo around the world. I think still some people find it hard to understand the magnitude of some of the measures that China took. I mean, what else are we missing about?

Huang Hung:” China’s response in all of this, you know historically we’re just such a two very different countries in terms of culture and history. I mean, these are two completely different human experiences for its people. so, for China,
when the lockdown happened, people were okay people are okay with it because they think that’s what a good parent should do you know, if a kid gets sick, you put him in the other room and you lock him up and make sure that the other kids don’t get sick and they expect that out of the government. But when it is outside of China from America, it becomes a huge issue of the right political thing to do and whether it’s infringing on personal freedom so the issues that you have to deal with in a democratic society are issues that one does not have to deal with in China. I have to say that there is a word in Chinese that doesn’t exist in any other language and the word is called “quai.” it is what you call a kid who listens to his or her parents. So I think we are very “quai” as a people. We are very why we have this. This sort of authoritarian figure that Chinese always look up to and they do expect the government to actually take the actions and they will deal with it. However much suffering there is they feel that okay, if you know big brother says that this has to be done. then, it must be done and that really defines China as a separate mentality.

Only as, say, people in Europe and America, do not have a sense of collective responsibility. Sometimes it feels kind of a little absent from this culture at the same time. There are I think valid concerns around surveillance and kind of data privacy things like that. What is the balance here? And what is the right trade-off between surveillance and freedom. I think in the internet age it is we’re???
between China and the US. I think when you take individual freedom versus collective safety, there has to be a balance somewhere there With surveillance, you know, the head of Baidu, Robin Lee, once said the Chinese people are quite willing to give up certain individual rights in exchange for convenience.

Actually, he was completely criticized in the Chinese social media, but I think he is right. Chinese people are willing to give up certain rights. For example, we, Chinese, mostly are very proud of the payment system we have which is where you can go anywhere just with your iPhone and pay for everything and all they do is face scan. I think that probably freaks Americans out, you know China right now. We’re still under semi-lockdown Also, if you go anywhere, there’s an app where you scan and you input your mobile phone number and the app will tell the guard at the entrance of the mall. For example, where you have been for the past 14 days. Now when I told that to an American, she was horrified and she thought it was an invasion of privacy l. on the other hand, as someone who Is Chinese and have lived in China for the past 20 years, although I understand that American mentality, I still find it I’m Chinese enough to think I don’t mind this and I am better. I feel safer entering the mall because everybody has been scanned. Whereas I think individual freedom is an abstract concept.

Looks like this is actually really meaningless. So I think the West really needs to move a step towards the east and to think about the collective as a whole rather than only think about oneself as an individual. the rise of antagonistic rhetoric between the US and China is obviously troubling and the thing is that countries are interlinked whether people understand we have supply chains or not. … This is the most horrifying thing that came out of this the kind of nationalistic sentiments on both sides in this pandemic because I’m an optimist. I think we will come out of this.

Both sides will realize that this is a fight that the entire human race have to do together and not apart. despite the rhetoric, the global economy has grown to such a integration that decoupling will be extremely costly and painful for both United States and China.

Freedom in China: the one freedom many Americans don’t have, but we do in China

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Excerpted from the YouTube video with the same title, hosted by China Teacher Brand, June 25, 2020

…. Well, you might have freedom to listen to different voices. You might have freedom to listen to different media. You have the freedom to go on social media. You have the freedom to speak and say What do you want. It is argued whether that is a good thing or a bad thing talking about that. But I want to talk about one sentence that a lawyer mentioning in an interview about China where we live now. The most important freedom that I can think of is an honest one, freedom from fear. And that is one freedom that a lot of immigrants, a lot of people of color in America in particular, don’t have. That’s a freedom that you don’t have,but we do in China. We might not have a lot of freedoms. There are some freedoms that we don’t have. We don’t have freedom to get on YouTube, Facebook. We didn’t have freedom whatever you want to list. But l, as a migrant to China, I understand the idea of freedom from fear. I came to China because I was tired of living in fear; petty crime serious crime, indiscriminate crime, was a problem in my country, and I heard other YouTubers talk about that China is the safest place in the world.
…. The sense of safety comes from that freedom of fear. Everybody talks about the different examples: You can walk around in the middle of the night, man a woman, and feel safe. I can leave my car unlocked and not worry. Okay, obviously things could go wrong, the right things could happen.

But it’s not like, “oh my God, what’s going to happen if I park here, in my country? For example, if you park by the roadside, you need to check all your mirrors, make sure that nobody’s following you, then you can open the doors of your car. And nobody’s around if you’re gonna get in your car; you do the same thing if you unlock the doors: if anybody us near my car.
… I mean and that is no way no way to live. So, I wanted to make this video to tell you, guys, that well, you might have some freedoms out there. There is freedom.

The Freedom from Fear is the one that brought me to China, is the one that brings a lot of people, that follow a lot of Latinos like myself in China. We are treated with respect; we have certain level of freedom. But l, more importantly, I’m not afraid for my life. I’m not afraid for my property. I’m not afraid to walk out on the street. That gives a quality of life that you can imagine. You can’t compare. So, aside from opportunities, well, job money, beautiful environment, friendly people saying hello everywhere; apart from all this, we have freedom from fear….