The government releases a document, express serious endowment not the company of platform of local government financing that pay a debt in kind or by labour loses pay off ability (the city joins a company) should go bankrupt. Dimensions amounts to -727379968 class " explode thunder " can says financial nucleus is played, its are affected Yuan Chao P2P.
Should the government bilk Zhang? The city joins a company " explode thunder " P2P of dimensions Yuan Chao
On September 19, governmental website dispatch " strengthen state-owned company assets to be in debt restrain proper meantime " , mention what announce formally " the directive opinion that restrains about strengthening state-owned company assets to be in debt " be " state-owned company lowers the specific act that lever regards Chongzhongzhi as heavy deploy, also be to had been hit be on guard dissolve battle of significant risk assault fortified positions the main component of overall strategy " .
This file is a important to carry out state-owned business failure, right serious endowment not the company of platform of local government financing that pay a debt in kind or by labour loses pay off ability (common says the city joins a company) carry out go bankrupt reforming or liquidation.
According to official explanation, platform of local government financing is to point to " belong to an institution to wait to allocate funds or note the be buried ground, asset such as equity to establish through finance by local government and its branch and orgnaization, place, have project of governmental commonweal sex to cast financing function, the economy that has qualification of independent legal entity is hypostatic, include firm of of all kinds omnibus investment, if build investment,company, construction development company, investment develops holding company of company, investment, investment to develop center of management of firm of operation of company, investment group company, state-owned capital, state-owned capital to wait, and industry sex invests a company, if traffic invests a company,wait. If traffic invests a company,wait..
On September 20, " Xinhua News Agency " the report says, even more platform of financing of 10 thousand places superintends raise the quota, carry out go bankrupt will break rigid cash. "Platform of local government financing, initiate by local government, it is guaranty with the state-owned resource such as land, it is with local government recessive assure, its are put in the recessive risk that nots allow to ignore, must be on guard in time and eradicate. Must be on guard in time and eradicate..
This report says, at present China has 11 in all, company of platform of financing of 567 local government, local financing platform is in very a paragraph long in the past the responsibility that replaces local government financing is assumed all the time inside period, can issue bond not only, still can obtain loan from the bank, obtain the financing that be not mark to wait from financial orgnaization, and the main body of platform of local government financing also spreads all over class of city of provincial, ground, county class the following even.
Because company of platform of local government financing issues bond financing, the building that supports local government is torn open build, construction of fundamental construction, new the city zone, shanty town is transformed etc. Accordingly its bond also is called the city projects debt.
On July 26, moxa intermediary of the mining of data of new economy trade with banner whole world and analytic orgnaization IiMedia Research(seeks advice) authority is released " net of 2018 China P2P shifts an industry " explode thunder " heat monitors a report " . IiMedia Research(moxa intermediary seeks advice) data shows, chinese P2P net borrowed close down and problem platform to exceed many 850 2018, amount of integral experience record exceeds 8, 0 yuan, affect user dimensions exceeds 1, 5 million person.
Occupy not complete count additionally, the city cast debt to always be 1.35 trillion yuan to scheduled time and quantity 2018. And, the city casts the financing source of the company to return justifiable money, fund to wait. Because the city sends company beak a contract,broad investor did not take money is, because local government borrows money to be not returned,the city sends company beak a contract is. If,the city joins a company " explode thunder " , its dimensions and P2P of influence degree Dou Yuanchao.
The personage inside course of study discloses, the Ministry of finance ever emphasized, local government gave debt problem, should chase after to specific official duty. Good of tie local government drops a city to cast the Zhang of the company now, basically rely on to chase after duty this one. But, the city casts a company to pass old development, already special and confused. Do bad to be about interlink " explode thunder " , should make go up only the financial orgnaization of the name, be afraid of is one runs to be not dropped.
The city that was born 1992 joins a company is with blame
1992, new developed area of level of the first state of Chinese is established in Shanghai. However, how to resolve the contradiction that city building capital is in short supply badly, also perplexing Pudong new developed area and Shanghai municipal government. In those days in July, shanghai city builds investment to develop head office to hold water in Pudong new developed area. This company obtains the authorization of Shanghai government, basically pursue urban infrastructure investment, construction and operation job. Its are considered as the first city of Chinese to join a company.
April 1993, this company issued first city to project debt, financing 500 million yuan. Add city building to collect fees, loan, use the means such as foreign capital, raise fund in those days 7.39 billion far, occupy about in those days of finance income 3 into, alleviated effectively pressure of local government capital.
Then, each local government in succession the practice of Shanghai of follow the lead of, the city casts a company to hold water in succession in Chinese each district.
1994, china establishs minute of tax system, established local government right of property and the pattern that the thing counterpoises not to match, local government work index is much, much, money is taken less again, not the word of financing runs to want money toward ministries and commissions very laborious. And, the preferment of local official is with GDP growth oriented, use a city to cast company investment to become development GDP (be promoted) the quickest way.
The investment of infrastructure meets those who bring price and house price rise, rise in price income of sell one's own things of the following land is used at reimbursement by government of the other side. Go more than 20 years, the high degree of professional proficiency that this one mode is applied by local government, let Chinese economy " prosperity " while, also bring a lot of dominance and recessive issue.
