The national development and reform commission website 27 news, in charge of the national development and reform commission, said that the future will improve the local and whole caliber external debt and capital flows prudent management framework, reasonable control the scale of enterprise total external debt and optimize the structure of foreign debt, effectively guard against foreign debt risk.
It is reported that in the past two years, some enterprises, especially real estate enterprises and local government financing platform enterprises, have increased their foreign debt issuance scale.Some business revenue and profit is not high, its own limited strength of enterprises apply for registration of foreign debt scale is larger, at five, $six hundred million, or even billions of dollars of debt scale and strength does not match.Some of them lack the ability to repay loans with the income of the project, and some enterprises are weak in resisting the risk of exchange rate fluctuations due to the lack of foreign exchange income sources.
To this, the national development and reform commission said, at present, foreign debt subject structure remains to be further optimized, such as some local city investment company overall rating is low, real estate enterprises outside the issuance is growing rapidly, and so on.At the same time, some enterprises' own credit conditions are general, and the risk prevention and control of overseas debt issuance needs to be strengthened.Moreover, the coordination mechanism of external debt management among departments needs to be improved.
To solve these problems, development and reform commission (NDRC) is introduced, the future will be in accordance with the "total control, optimize the structure, service entity, advance carefully, guard against risk," the foreign debt management principle, strive to improve the structure of foreign debt, key support a number of comprehensive economic strength and international operation level is high, the risk control mechanism and improve the large enterprises and financial institutions to issue bonds, and direct funds into the innovation and development, green development, emerging industries and high-end manufacturing as well as the country revitalization, coordinated development of the beijing-tianjin-hebei region, the Yangtze river economic belt, "area" construction and international cooperation in key areas such as project capacity, enhance the support to the real economy,We will vigorously promote supply-side structural reform and the transformation of old and new drivers of growth, and promote high-quality economic development.
At the same time, the issue of foreign debt registration management measures as soon as possible, clear debt enterprise qualification standards requirements and conditions, perfect the declaration and registration and complete the program, don't make a disguised form of administrative examination and approval, to prevent the discretion, cross-border financing for the enterprise to provide more convenient.In addition, we will strengthen the collection of information on foreign debts and the supervision after the accident, clarify the measures for violation of regulations, and standardize the management of record-keeping and registration.
In addition, we will standardize the requirements for qualifications and capital investment related to corporate debt borrowing, strengthen early warning of foreign debt risks, introduce disciplinary measures against violations of regulations, and improve the market constraint mechanism.Guide to real estate enterprises overseas debt funds, real estate enterprises overseas debt is mainly used to repay debts that are due, avoid default, limit real estate company foreign capital investment and real estate projects, supplement working capital, etc., and require companies to submit capital USES commitment.We will guide enterprises to use derivatives such as currency swaps, swaps, forward foreign exchange and options to guard against exchange rate risks, reduce debt costs and enhance their solvency.
|
