男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

New debt instruments needed for local govt in China

By Chen Jia | chinadaily.com.cn | Updated: 2019-10-18 13:51
Share
Share - WeChat
[Photo/VCG]

Chinese local governments need new debt instruments to melt down bad loans and raise fund for infrastructures, said a famous economist on Friday.

The total local government debt amount, which is predicted to be 20 to 30 percent of China's GDP, requires restructuring through an innovative type of bond, "we can call it the infrastructure bond", to collect capital for infrastructure construction projects, said Li Daokui, the chief economist of the New Development Bank.

This new type of bond should have longer maturities - 20 to 30 years - and with multiple tranches. "A part of the bond tranches can be guaranteed by the central government, and some tranches are guaranteed by the provincial governments," said Li.

Nonperforming local government debt should be separated and taken over by the central government, through issuing treasury bonds, he suggested.

In the meantime, an independent entity could be launched to specifically supervise the local government debt and regulate financial activities. "The measure would improve the efficiency of infrastructure investment and support economic growth, but we need innovations in the financial sector," said Li, at the China Banking & Insurance International Summit Forum 2019.

China's fixed-asset investment growth slowed to 5.4 percent in the first nine months, down from 5.5 percent in the January-to-August period, the National Bureau of Statistics said Friday.

The Ministry of Finance said Thursday that the 2019 annual quota of newly-issued local government bond has almost been issued, and 90 percent of the fund has been used.

The economist also said that the fast-growing debt of nonbanking financial institutions should be given more attention, and some local asset management companies can play an important role to help dispose of nonperforming loans.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 繁峙县| 务川| 金寨县| 泰安市| 称多县| 锦屏县| 云霄县| 灵台县| 休宁县| 齐河县| 紫阳县| 兴海县| 元氏县| 东乌珠穆沁旗| 舟山市| 鲁甸县| 宣化县| 开封县| 绥芬河市| 灌云县| 赫章县| 论坛| 红河县| 渝北区| 平度市| 苏尼特右旗| 闽侯县| 威宁| 厦门市| 嘉黎县| 永善县| 永泰县| 汉源县| 政和县| 綦江县| 金秀| 荆门市| 芜湖县| 遂溪县| 滕州市| 丹巴县|