NDRC the main characteristics of this debt is market-oriented, rule of law – Beijing musiland

NDRC: the main characteristics of this debt is the deputy director of the market, the rule of law – Beijing, Beijing, October 10, development and Reform Commission Lian Weiliang said today that the main features of this debt is market-oriented, rule of law, which is the largest in 90s and the same policy debt to equity. The State Council recently issued the opinions on actively and steadily reduce the leverage of enterprises (hereinafter referred to as the opinions), to actively and steadily reduce the leverage of enterprises to deploy. Today, the State Council held a press conference to introduce the situation. A reporter asked "the debt to equity and debt to equity policy in 90s what is the difference?" Lian Weiliang said that the market is one of the important measures to reduce the debt to equity swap enterprises leverage. Prominent feature of market legalization is this debt, completely different from the last round of debt policy. This debt equity swap, the object of the enterprise market, equity asset market pricing, capital market financing, equity market management and exit, according to the law and orderly conduct. Lian Weiliang introduction, the debt to equity and debt to equity at the end of 90s there are two different ways: one is the different debt at the end of 90s was based on the condition, is mainly the policy of debt, that is, the conversion of debt to equity swap enterprises and institutions, mainly in government debt to determine. Funding is also raised by the government through multiple channels. The debt market, legalization of debt, the very important point is that the conversion of debt to equity swap debt, equity prices, the implementation mechanism is not determined by the government, but by the market main body of independent consultation, including debt financing and market financing is mainly related to the the main market of independent decision-making, self risk, income from sharing. With Victoria Liang stressed, the government does not bear the loss of responsibility reveal all the details, the government is not doing nothing, the government’s main responsibility is to provide policy support and guidance, regulation and supervision of state-owned assets, including the fulfillment of duties. So, the market, the rule of law is the main feature of this debt, is the biggest and last policy of debt is different. Two is the environment is different. Environmental system mechanism of the debt to equity swap faces and the rule of law conditions, and a debt has changed greatly. The most important is the socialist market economy system is more perfect, the laws and regulations related to the more complete, and the ownership structure is more diversified, various market entities including enterprises, corporate governance structure the bank, implementing agencies, is also more perfect, especially the capital market is more mature. Therefore, at present there are conditions according to the market, the rule of law to the implementation of debt to equity. Another reporter asked, "what is the standard for the enterprise?" Lian Weiliang said that the document gives a very clear answer, it can be said that both positive list, but also a clear list of negative. The so-called positive list is what kind of enterprise can debt, is certainly the difficulty for companies with high debt, high debt but these enterprises must be good prospects for the development direction of the industry, good, good credit status of companies with high debt. The document specifically defined the " three encouragement.相关的主题文章: