Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Debt-asset ratio at China's central SOEs down in 2019

January 16, 2020


Abstract : The debt-to-asset ratio at China's centrally-administered state-owned enterprises (SOEs) headed downward for the third consecutive year in 2019, official data showed Wednesday.

BEIJING, Jan. 15 (Xinhua) -- The debt-to-asset ratio at China's centrally-administered state-owned enterprises (SOEs) headed downward for the third consecutive year in 2019, official data showed Wednesday.

At the end of last year, the average debt-to-asset ratio of central SOEs stood at 65.1 percent, down 0.6 percentage points from the beginning of 2019, the State-owned Assets Supervision and Administration Commission (SASAC) told a press conference.

The ratios of state firms in the sectors such as metallurgy, power, mining and construction fell by more than one percentage point from the beginning of 2019.

"The overall solvency of central SOEs was stable as their average ratio of interest-bearing liability to assets dropped by 1.1 percentage points year on year to 38.2 percent," said SASAC spokesperson Peng Huagang.

China has set a timetable for SOE deleveraging as part of its efforts to defuse financial risks.

The average debt-to-asset ratio of SOEs should be reduced by two percentage points by the end of 2020, as compared with that at the end of 2017, according to guidelines released in September 2018.

Scan the QR code and push it to your mobile phone

Keyword: SOE China economy

Reading:

Guotai Junan International's AHIB wins award at Offshore China Fund Awards 2019

LEGO, Tencent extend partnership to promote digital play in China

Why does the establishment of the Silk Road Fund reflect the development concept of mutually beneficial cooperation?

What is the Silk Road Fund's positioning on the Belt and Road Initiative?

Profile of Silk Road Fund

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial