Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Economy

HOME > Economy


China's central SOEs see drop in asset-liability ratio in Q1

April 17, 2018


Abstract : China's central state-owned enterprises (SOEs) saw a drop in their asset-liability ratio in the first quarter of this year thanks to deleveraging efforts, the country's top SOE regulator said Monday.

朝阳门国企聚集

BEIJING, April 17 (Xinhua) -- China's central state-owned enterprises (SOEs) saw a drop in their asset-liability ratio in the first quarter of this year thanks to deleveraging efforts, the country's top SOE regulator said Monday.

The average asset-liability ratio for central SOEs stood at 65.9 percent by the end of March, down by 0.4 percentage points compared with the beginning of this year, according to the State-owned Assets Supervision and Administration Commission (SASAC).

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

The government will continue to reduce leverage and liability among central SOEs, according to Peng Huagang, SASAC spokesperson.

More efforts will be made to dispose of non-performing assets and regulate open-book credit and inventory, high-risk businesses, debt investment and risks in other areas like international expansion, Peng pointed out.

Central SOEs are encouraged to expand equity financing by debt-equity swap and promote mixed-ownership and diversified equities, Peng said, adding that this financing will be conducted in a market-oriented manner.

Asset management and capital utilization efficiency should also be improved, Peng said.


Related Coverage

Focus

Think Tank

  • The Chinese Race to Artificial Intelligence

    August 10, 2018

    China is no longer just a manufacturing power, but a technologically advance...

  • Made in China 2025 and the Belt and Road Initiative

    August 10, 2018

    The industrial policy of “Made in China 2025” clearly focuses on innovatio...

  • Trump cannot push back China with $113m

    August 8, 2018

    Although the “Belt and Road Initiative” has caused some worries and rebou...

  • Beijing’s maritime gifts

    August 7, 2018

    Beijing seems to be strengthening its capacity building at sea.

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial