China pledges efforts to reduce corporate leverage

          Source: Xinhua| 2018-08-08 19:54:12|Editor: Liangyu
          Video PlayerClose

          BEIJING, Aug. 8 (Xinhua) -- China will continue its efforts to reduce the corporate leverage ratio this year to effectively control macro leverage and rein in financial risks, the top economic planner said Wednesday.

          A mechanism to prevent and control corporate debt risks will be established, and the monitoring and early warning mechanism of corporate debt risks will be improved, according to a guideline on reducing corporate leverage in 2018, released by five central departments including the National Development and Reform Commission.

          Debt-to-equity swap projects will be advanced in a market-oriented and law-based manner, and the financing channels of institutions will be widened, according to the guideline.

          Disposal of loss-making zombie companies' debt will be accelerated, with improved policies for debt disposal and perfected system for law-based bankruptcy by removing barriers obstructing bankruptcy according to law, while merger and restructuring of companies will be actively promoted, said the guideline.

          China has made steady progress in deleveraging, and the country's leverage ratio has been gradually lowered.

          Since 2017, the growth of China's leverage ratio has slowed down substantially. The leverage ratio in 2017 was 2.4 percentage points higher than in 2016. The growth was 10.9 percentage points lower than the average annual growth rate from 2012 to 2016, data showed.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001373766781
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲免费AV在线 | 午夜福利在线视频性色 | 亚洲手机在线人成9视频 | 香蕉在线一本大道 | 亚洲国产人在线播放首页 | 一级a爱视频日本免费 |