After expresseding the unusually difficult promotion of debt work in Guizhou Province, China, this debt pressure in provinces with the heaviest financial and financial resources in the country have successively received support from central institutions.Asset management company China Cinda involved or facilitated the local urban investment platform to revitalize assets and reorganize debts.
China Cinda last Saturday (April 22) posted on the official WeChat public account that the company will focus on serving the real economy, preventing risks, helping state -owned enterprises around the service real economy, preventing risks, and helping state -owned enterprises through the establishment of 50 -person financial expert groups.Reform and real estate rescue cooperate with Guizhou Province.
Bloomberg quoted Creditsights senior analyst Zerina Zeng (Zerlina Zeng) analyzed that the participation of asset management companies will help improve the liquidity status of local government financing platforms for weak provinces, especiallyFor those provinces with limited financial and bank resources.
According to the first -funded management report, the overall debt rate of Guizhou Province is as high as 853%, ranking first in China.The report pointed out that Guizhou Province is the slowest area in the influencer area, and the debt pressure is extremely heavy.
After the Chinese State Council issued a document last year allowing Guizhou Urban Investment Debt Reorganization last year, the province's potential debt risk and debt planning plan began to notice the market.The document pointed out that the financing platform company allows financing platform companies to negotiate with financial institutions to adopt appropriate exhibition period and debt restructuring with financial institutions to maintain capital turnover.
Although it is supported by central documents, the progress of debt resolution seems to be slow.In April, Guizhou Province stated that "the financial resources are limited, and the promotion of debt work is extremely difficult."
Guizhou Province subsequently seeks to increase support from policy bank agricultural issuance. In addition, he signed a strategic cooperation framework agreement with the State -owned Assets Supervision and Administration Commission of the State Council, hoping to help guidance in the reform of state -owned and state -owned enterprises and central land cooperation.
Zelina said that Beijing is still working hard to seek financing for a weak local government financing platform to curb systemic risks."However, due to the uneven distribution of income and expenses between the local and the central government, the structural problems have not been resolved."
According to Guosheng Securities Research Report, as of April 12The total amount is 318 billion yuan (RMB, the same below, about S $ 61.545 billion), of which the provincial -level stock bonds are 60.4 billion yuan, which is mainly concentrated in Guizhou high -speed, Guizhou transportation and Guizhou Shuitou; municipal stock bonds are 111.1 billion yuan,It is mainly concentrated in Zunyi Daoqiao, Guiyang City Investment and Zunyi Delivery Travel Investment.In the next few years, the expiration pressure in 2024 is the largest.
