On May 16, the Titanium Media App reported that the 10th issue of "Seeking Truth" in 2022 published the article "Persistently Preventing and Resolving Major Financial Risks" written by the Party Committee of the China Banking and Insurance Regulatory Commission. The article pointed out that efforts should be made to guard against the risks brought about by a rebound in leverage ratios. Affected by factors such as the spread of the new crown pneumonia epidemic and the development of policies ahead of time, the current pressure on the macro leverage ratio has increased. It is necessary to strengthen the response to risks related to the increase of macro leverage ratio, especially to strictly guard against the risks caused by excessive debt growth of non-financial enterprises and local government sectors. Do a good job in monitoring and early warning of debt defaults of large enterprises, formulate plans for continuous financing and debt restructuring in advance, and properly respond to the rebound of non-performing assets. Adhere to the principle of marketization and rule of law, resolutely crack down on debt evasion, and maintain the regional credit environment and financial order. Adhere to the positioning of "housing to live without speculation", support localities to improve real estate policies based on local conditions, support rigid and improved housing needs, and promote the stable and healthy development of the real estate market. Cooperate with local governments to prevent and resolve hidden debt risks, and support urban investment companies in reasonable financing in accordance with laws and regulations.
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Related events
- Party Committee of the China Banking and Insurance Regulatory Commission: It is necessary to strengthen the response to risks related to the increase of macro leverage ratio2022-05-16
- Central Bank: GDP growth is expected to further increase in the third quarter2020-10-14
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