China's central SOEs see decline in debt-asset ratio in H1

Source: Xinhua| 2018-07-12 18:08:55|Editor: Yurou
Video PlayerClose

BEIJING, July 12 (Xinhua) -- China's centrally-administered state-owned enterprises (SOEs) saw a drop in their debt-asset ratio in the first half of the year due to government deleveraging efforts.

The average debt-to-asset ratio for central SOEs stood at 66 percent by the end of June, down by 0.3 percentage points compared with the beginning of the year, the state assets regulator said Thursday.

"The decline indicated a stronger ability for the companies to forestall risk," Peng Huagang, the spokesperson of State-owned Assets Supervision and Administration Commission, said at a press conference.

The country's SOE sector has become a major target of the ongoing deleveraging drive, which aims to rein in mounting debt and guard against financial risk.

As part of the deleveraging, a market-oriented debt-equity swap program was introduced, allowing companies to exchange their debt for stocks.

In the first half of the year, the value of newly-added market-oriented debt-to-equity swap projects in central SOEs reached 20.2 billion yuan (about 3 billion U.S. dollars), according to Peng.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001373199691
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲欧洲日产中文字幕 | 亚洲香蕉aⅴ视频在线播放 在线97免费视频 | 亚洲欧美无线码中文字母 | 先锋每日更新在线资源 | 久久精品人人做人人看 | 亚洲大乳高潮日本专区无需安装 |