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

Agricultural Development Bank of China
Industry

Contracted debt to equity swaps programs valued RMB2 trln by end Feb., official

April 11, 2019


Abstract : By the end of February, China’s market-driven contracted debt to equity swaps programs numbered 420 and their contracted value reached two trillion yuan, reported Shanghai Securities News citing an official Wednesday.

BEIJING, April 11 (Xinhua) -- China’s market-driven contracted debt to equity swaps programs numbered 420 and their contracted value reached two trillion yuan by the end of February, reported Shanghai Securities News citing an official Wednesday.

As an effort to lower corporate sector leverage and support debt-ridden high growth potential enterprises, China’s top economic planner, the National Development and Reform Commission (NDRC) will continue to focus on structural deleveraging and leverage reduction of state-owned enterprises in next step, the report quoted Chen Hongwan, head of Department of Fiscal and Financial Affairs under the NDRC as saying.

Among the contracted debt to equity swaps programs, 630 billion yuan of funds has already been financed to support 337 ones of them, representing 31.07 percent of fund coverage ratio by end February.

According to the newspaper, Chen made the remarks in his written speech for the Wednesday releasing of the 2019 China financial sector non-performing assets (NPAs) report by China Orient Asset Management Co., Ltd., one of China’s four state-owned asset management companies originally established to deal with NPAs of state-owned lenders. (Edited by Duan Jing, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: NDRC debt-to-equity

Reading:

Interview: China leads world in ecological civilization efforts: American scholar

Feature: Chinese contractor helps Croatia link southern territories

Guangzhou Automobile sees 4.4 pct sales decline in Q1

Land-sea freight route connects China's Chongqing, India

"Internet Plus" adds new momentum to China-Southeast Asia coop. under BRI

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.

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