from the government implicit guarantee to the risk issue varieties transition.&quot

xinhuanet.com Guangzhou on 19 June, (reporter Wang Kailei) in the "repayment pressure most of the year", the first China local government debt rating report.

Guangdong province finance hall 18, released a report entitled "in 2014, Guangdong provincial government bond rating report" third party Cheap Stars Jerseys documents. The paper shows, as of 2013 6 at the end of Guangdong Province, total local government debt amounted to 1016537000000 yuan, grow 6.43% than at the end of 2012. Guangdong Province local government debt scale is larger, ranked second in the country.

"third party issued by the Guangdong local debt rating report shows that: China local debt, or Chinese government credit in three aspects has undergone profound changes: from non-standard products to standardized product transition; from the national credit department to local government credit transition; from the government implicit guarantee to the risk issue varieties transition." Yang Weihua of director of Finance Research Center of Zhongshan University south of the Five Ridges school.

rating report by the Shanghai new century credit assessment of Investment Services Limited release, the report gives 2014 Guangdong provincial government bond credit rating is AAA. The level of meaning is "the ability to repay the debt is extremely strong, basically Cheap White Sox Jerseys not affected by the adverse economic environment, the default risk is extremely low".

Chinese city along with the accelerating process of risk, the expansion of local government debt has. Researchers think, the main problems existing Cheap Red Wings Jerseys China local government borrowing is: financing is not standardized, long debt, raising body up to 15.4 ten thousand, involves the province, city, county, township, all levels of government agencies, institutions, financing Platform Co and some state-owned enterprises; debt excessive, including bank loans, corporate bonds, the medium-term notes, trust, repurchase (BT) and more than 30 species, to avoid regulation, from credit to non credit from the bank, turn table table, from the dominant to Cheap Nordiques Jerseys recessive.

from the Treasury Department data show, this year China due for repayment of the local government has responsibility to repay debt to total debt balance of 21.89%, is the most important year repayment pressure. 2015－2017 years debt accounted for 17.06%, 11.58% and 7.79%.

Chinese Vice Finance Minister Wang Baoan said, the local government debt pressure is the pressure of debt in the short term, on the other hand, to resolve the debt pressure.

in order to further promote the reform of local debt issuance, establish a standard of local government debt financing mechanism, the Ministry of Finance recently selected Shanghai, Zhejiang, Guangdong, Shenzhen, Jiangsu, Shandong, Beijing, Qingdao, Ningxia, Jiangxi, the local government bond is also the pilot. For the effective prevention and control of local debt "spontaneous self risk", the Ministry of finance pilot areas of bond credit rating and debt information disclosure. Select the credit rating agencies, and signed the agreement Cheap Panthers Jerseys with the credit rating credit rating agencies, clearly the rights and obligations of both parties.

then, relevant guidance issued the Ministry of finance, the local > pilot area