蜜臀av性久久久久|国产免费久久精品99|国产99久久久久久免费|成人精品一区二区三区在线|日韩精品一区二区av在线|国产亚洲欧美在线观看四区|色噜噜综合亚洲av中文无码|99久久久国产精品免费播放器

China lays out timetable for SOE deleveraging

Source: Xinhua| 2018-09-13 23:53:04|Editor: Liangyu
Video PlayerClose

BEIJING, Sept. 13 (Xinhua) -- China on Thursday published guidelines to strengthen asset and liability constraints on the country's state-owned enterprises (SOEs), with clear goals laid out.

The average debt-to-asset ratio of SOEs should be reduced by 2 percentage points by the end of 2020, as compared with that at the end of 2017, according to the guidelines released by the general offices of the Communist Party of China Central Committee and the State Council.

After 2020, the debt-to-asset ratio of SOEs should be kept at the average level of companies in the same industry with the same scale, according to the guidelines.

Warning and monitoring systems for companies' assets and liabilities should be established while a time limit should be set for companies with high leverage to reduce their debt-to-asset ratio, the guidelines said.

A clear boundary should be set to separate government debt from corporate debt, with local governments strictly banned from borrowing in the form of corporate debt, according to the guidelines.

China has been stepping up SOE deleveraging as part of its efforts to defuse financial risks.

The average debt-to-asset ratio for the country's centrally-administered SOEs stood at 66 percent by the end of June, down by 0.3 percentage points from the beginning of the year.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001374659731