Researcher at the institute of Chinese academy of social sciences financial Liu Yuhui weibo said at the meeting, the Chinese local government debt a conservative estimate total scale has reached 20 trillion yuan,API 5L steel pipe wall thickness 50mm the China banking regulatory commission recently a baseline survey of local government debt, according to preliminary statistics within the credit scale of about 9.7-9.8 trillion, from the shadow banking, collections and other channel business scale of about 13-14 trillion, the local government of BT construction scale is about 6-7 trillion.
This number is significantly higher than the national audit office revealed at this year "two meetings" of the level of 15-18 trillion. In recent two or three years,Industry Standard Welding Neck Flange China's local debt scale is expanding rapidly, and the China's local government debt scale accurately, there is no unified caliber, the central bank, the national audit office, the China banking regulatory commission are based on their lines of business survey is calculated.
At present, the local governments have a variety of debt financing channels,JIS B2220 Blind Flange including traditional local government financing platform loans, in addition to a large number of shadow banking financing channels, such as local government bonds and the city of debt, cooperation with the trust issue trust products, and issued by insurance company infrastructure bond investment products and so on.
In the company chairman Feng Guanghua thinks,sch80 carbon steel Round tube suppliers to the financing platform as the main body, to the land reserve as a mortgage, the bank credit as the main source of funds "financing model has been proved unsustainable, individual regions debt paying ability is weak, some did not include the debts of the budget management in a recessive state for a long time, lack of corresponding supervision creating risks, with massive debt maturing, individual local government fiscal and debt sustainability face a severe test.
However, given the new urbanization will be become the new engine for China's future economic growth and local government still has a strong financing needs. In Liu Yuhui point of view, the current local government debt on the brink of out of control, many local governments have a lot of interest for more than 8% of one to three years of short-term funds, into the most return period in more than 10 years of infrastructure construction, the funds use the length of the "mismatch" phenomenon.
Liu Yuhui that issue local government bonds, is to solve the new funding sources of long-term mechanism of urbanization, but before the large scale of local government debt issued, a foundation is provided for a clear, to do a good job of rating. Li Yang, vice President of the Chinese academy of social sciences, said the local government to be given the right to issue bonds, premise is one of the rights to the restraint of social forces, must establish the corresponding constraint system.
没有评论:
发表评论