Local Government Debt Repayment Peak

Authorities have said that the next two years will be local governments. debt At the peak of the repayment period, 43% of the debt will expire within two years and is expected to reach 4 trillion and 600 billion yuan.

This person pointed out that after several rounds of liquidation by regulatory authorities, the risk of local financing platform loans held by banks has greatly improved. Among them, confirm cash flow to achieve full coverage, and withdraw from platform loan management as a general corporate loan operation platform loan 2 trillion and 800 billion yuan, involving 2900 platforms, accounting for all platforms. loan 30%.

This person disclosed that the regulatory agencies are through platform loan withdrawal management, contract correction, additional collateral, increased provision and capital occupation costs and other ways of platform loan risk "control new". On the whole, the risk situation of local financing platform will be greatly improved, and the pressure of supplementary capital will be eased to a certain extent.

In the next two years Debt service Fastigium

According to the audit data, as of the end of 2010, the balance of local government debt in the whole country was 10 trillion and 700 billion yuan. In the next two years, local government debt will enter the peak of debt repayment.

Authorities predict that debt maturity will account for about 43% of the total debt in 2011 and 2012. The second repayment peaks will be in 2016 to 2018, and the debt maturity will be 14% to 17% in other years.

The source said, as of now, part of the maturity platform loans appear signs of default, in some places also appeared platform loan "reappearance, comeback" momentum.

The above said that the incident has attracted the attention of all parties concerned. The State Council has made clear that the local government will be the primary responsibility for resolving risks for the platform where repayment of principal and interest is difficult. The Ministry of finance has also put forward a preliminary plan for issuing bonds in some provinces (cities), which provides a rare opportunity to do a good job in clearing and standardizing the platform loans.

　　 risk The situation is much better.

Analysts said that the risk of local financing platform has been considered to be the biggest risk potential for banks in the future. The CBRC has conducted several rounds of inventory checks on commercial banks' local financing platform loans. The survey results show that the risk of local banks' financing platform is far better than expected.

Regulators revealed that the high growth momentum of platform lending has been effectively curbed. At present, it is confirmed that cash flow reaches full coverage, and the platform loan management as a platform for general corporate loan operation is 2 trillion and 800 billion yuan, involving 2900 platforms, accounting for 30% of all platform loans.

The above said that last year, the banking financial institutions rectify 22 thousand and 300 loans with a total of 2 trillion and 210 billion yuan. Through more than one year's rectification and rectification, the national platform loan has basically been classified and disposed of, and some risk mitigation measures have been implemented by increasing the pledge and injection of assets.

Analysts pointed out that according to the latest survey results, nearly 1/3 platform loans into general corporate loans, will be a significant positive for banks. On the one hand, it greatly alleviated the excessive worries of the parties on the risk of local financing platform. On the other hand, the CBRC asked banks to calculate the risk weight of the local financing platform up to 300%, which is three times the risk weight of the general corporate loans, and the bank's capital adequacy ratio will be reduced by about 1 percentage points after calculation. If the 1/3 platform loan can be transferred to company loans, it will greatly weaken the consumption of bank capital.

Multi platform to resolve platform lending risks

The CBRC official said that in the future, we should strengthen the standard and constraint of platform loans. Through real-time monitoring, classification management and dynamic adjustment, the provision coverage rate and loan provision rate of banks for platform loans can be no less than the average level of loan provisioning through provision constraints, capital constraints and supervision.

He disclosed that at present, regulators require banking financial institutions to make up the loan contract, repayment of principal and interest, and add legal and effective pledge to make the platform risk early exposure, early detection, measurable and early intervention. The banking industry must attach great importance to the behavior of platform companies transferring high quality assets and other liabilities.

Regulators have also made clear requests for financing cooperation between commercial banks and local governments. Liu Mingkang, chairman of the CBRC, proposed that there should be no agreement between the banking financial institutions and the local governments for specific financing. "Once the situation is found and the irrevocable loan commitments are made, the capital raised in the table shall be included in the legal person level in advance according to the agreement of agreement II and III.