继RBC,TD, CIBC,BMO, Nova Scotia之后，HSBC也发行了2亿多的优先股（5年以后“成熟”或者利率reset (重新定出，一般为高出Government Canada bond 的一定的百分比)）。对比之下，年息稍稍高于其他银行优先股的年息（6.25%或者6.5%）。由于发行数量也比较大，所以市场流动性不成问题。 虽然HSBC不是加拿大五大银行之一，但是由于很多移民刚过来都比较信任HSBC,感觉他是香港的银行（其实是英国的银行）。。。所以我在这里介绍一下优先股。。。

优先股英文是prefer share。 从理论上来讲，他的风险程度小于普通股票，大于债券。所以一般来讲，他的股息也大于债券。他的性质介于债券和优先股之间，但又拥有两者的共性。


优先股类似[B]股票[/B]的地方： 直接交易于股票交易所（如Toronto Exchange...）,而债券则需要打“柜台”（bond desk）,去询问“现时”交易价位。


优先股类似于[B]债券[/B]的地方：正常股票发行股息虽然也是每年一次（优先股一般一个季度一次），但是股息多少完全不是确定的，而且延迟发行股息或者干脆不发是有公司内部决定的。而优先股的股息则“必须发放”（在不破产，而且发行条款中没有特殊说明的话），而且是固定的多少。而且优先股的持有者不参与股东大会或者任何公司决策上的制定。但少数的大股东（股票持有者）每年的年会则必然参加，或者选择代表出席。


在风险上，HSBC我并没有用太多的精力关注。但是对于加拿大的五大银行，还是很有信心的。毕竟现在全世界上只有4个“AAA”级的银行，就包括加拿大两个： TD 和RBC!!!

the rate is good. but the dividend is noncumlative.
so, it is really depend on if the bank will declear the dividend in next 5 years.

LZ太强了，学习！！

[quote name='dongbicheng']the rate is good. but the dividend is noncumlative.
so, it is really depend on if the bank will declear the dividend in next 5 years.[/QUOTE]

Rates among those banks are realtively the same. Excluding HSBC, if those five big Canadian banks denied any dividends in this global Recession period (some how getting rebound...), that would be like a "slap in the face"!!! Do you check how long haven't they (those five banks ) decreased their dividends?? mostly more than 50 years...


In this kind of market, all the financial instituations are trying to relieve people's nerve...no matter how profitable (or loss) they are, most corporations lost nearly half of their market value compared to their peak value (2007)...it's all coming from people's fears.....It needs the "guts" to put more pressure on people's nerves...

[quote name='简心。。。']Rates among those banks are realtively the same. Excluding HSBC, if those five big Canadian banks denied any dividends in this global Recession period (some how getting rebound...), that would be like a "slap in the face"!!! Do you check how long haven't they (those five banks ) decreased their dividends?? mostly more than 50 years...


In this kind of market, all the financial instituations are trying to relieve people's nerve...no matter how profitable (or loss) they are, most corporations lost nearly half of their market value compared to their peak value (2007)...it's all coming from people's fears.....It needs the "guts" to put more pressure on people's nerves...[/QUOTE]

just want other people notice the dividend is noncumlative. It is a big deal for prefer share. It is not necessary to say for all the bank will declear the dividend yoy.

By the way, do you still think the western banking system still has face?
can we recall when is the the canadian big five issuing the new share simultaneously?
what is risk exprosure for Royal bank in Madoff fraud?
when is the last time we see city bank in 90 cents?
Do we still use the term "investment bank"?
If people want some fixed incoming fund stream for the long-term, I think the common stcok China perto or China shore perto will be better choice. They declear sweet dividend yoy and have big growth potential.
just my 2 cents:biggrin:

[quote name='dongbicheng']just want other people notice the dividend is noncumlative. It is a big deal for prefer share. It is not necessary to say for all the bank will declear the dividend yoy.

By the way, do you still think the western banking system still has face?
can we recall when is the the canadian big five issuing the new share simultaneously?
what is risk exprosure for Royal bank in Madoff fraud?
when is the last time we see city bank in 90 cents?
Do we still use the term "investment bank"?
If people want some fixed incoming fund stream for the long-term, I think the common stcok China perto or China shore perto will be better choice. They declear sweet dividend yoy and have big growth potential.
just my 2 cents:biggrin:[/QUOTE]


First of all, it's never a recommendation on this website, and it's all just personal opinion. Plus Canadian Five is all what we are talking here, and not a thing about Western or others....

Second, it is widely accepted that "it is a recession", no one is arguing that...and everything happened so far from 2007 is something that we haven't seen for decades...so any "abnormal things"---they all issue pre shares at the same times, city 90 cents (now back nearly 3.00 dollars)----is "reasonable" in this time...no one is guranteening any thing....all I am saying is that there is a big chance....

Third, "Madoff fraud", "city bank 90cents"....they are all phenomenon...what are the really factors that influencing the whole economy outlook and stock movement recycle is another issue..."Madoff fraud" could mostly affect market by attacking people's psycho, especially in this recession market with people's fear all around...


Again, nothing is guranteened, just based on your judgement and probability...

都很强，2位！

[quote name='

Again, nothing is guranteened, just based on your judgement and probability...[/QUOTE']

that's the point.

[quote name='dongbicheng']that's the point.[/QUOTE]

Actually, GICs issued by CDIC members under C$ 100,000 less than 5 years' maturity are garanteened by Canada Government....

6.6%很不错了,配置一些很好.
还是二级市场买入股票比较爽啊,前些天3毛买入AIG,1块多买入花旗,瞬间赚3倍.
股票有风险,但是少量配置一下绝对推荐.现在美国银行去毒,行情不错.

另外补充一句啊玩笑话啊，AAA评级还有什么可信度啊？
AIG雷曼花旗等个个最低都是AAA啊。哈。
07年到现在美国不留行了AAA了，流行NNN。
No job, No income, No asset.
哈哈，玩笑啊。如果今年还评为AAA的话基本上不会有啥风险。
刚才盯了半场美股，貌似还很坚挺。。。

[quote name='nolimited']6.6%很不错了,配置一些很好.
还是二级市场买入股票比较爽啊,前些天3毛买入AIG,1块多买入花旗,瞬间赚3倍.
股票有风险,但是少量配置一下绝对推荐.现在美国银行去毒,行情不错.[/QUOTE]
LZ高人阿，Citi, 这段时间，就是最低1块不到，最高到3.9，都给你碰到了，现在就适合短期，亏了放着，以后一定也是赚的:biggrin:

[quote name='byronsun']LZ高人阿，Citi, 这段时间，就是最低1块不到，最高到3.9，都给你碰到了，现在就适合短期，亏了放着，以后一定也是赚的:biggrin:[/quote]

不是碰到了，我们盯他们盯了已经半年多了。另外也不是我个人买的，我们公司买的，我们公司就是金融投资公司呵呵。
对股票感兴趣多交流吧。国内A股不懂。。。