www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Local debt NPL problems to loom by '13: Poll

Updated: 2011-09-20 10:48

By Lan Lan (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Local debt NPL problems to loom by '13: Poll

A booth at the China International Financial Exhibition 2011 in Beijing. The ratio of non-performing loans of local financing vehicles is likely to reach as high as 15 percent. [Photo/China Daily]

BEIJING - China's local financing vehicles could face the rising risk of bad loans and major problems might emerge as early as 2013, a report by a major Chinese asset management company released on Sept 19 said.

The non-performing loan (NPL) ratio of local financing vehicles - investment companies through which local governments raise funds to circumvent regulations that prevent them from borrowing directly - is likely to reach as high as 15 percent, exceeding 1 trillion yuan ($156 billion), according to China Orient Asset Management Co.

The report surveyed 234 institutional respondents, including commercial banks, asset management companies, investors and intermediary agencies.

About 84 percent of those surveyed at commercial banks said the local financing vehicles would encounter a major NPL problem.

About 57 percent reckoned that this would occur in 2013 while roughly 25 percent said this might happen in 2012, according to the report.

Intermediary agencies were more pessimistic: About 98 percent of the respondents said a concentration of bad loans would occur, and half of them said it would happen in 2012.

No respondents said the local government debt problem would reach a dangerous level this year.

The average forecast NPL rate is about 15 percent, with the scale of the bad loans expected to exceed 1 trillion yuan, the report said, citing survey results.

China's local government debts were 10.7 trillion yuan at the end of 2010, equal to about 27 percent of gross domestic product, according to a report by the National Audit Office in late June.

Senior government officials said last month that government debts are "controllable" and there is little chance for a potential government default, as regulators at all levels are taking active measures to tackle the issue.

Under pressure

Guo Tianyong, a professor with the Central University of Finance and Economics, said banks are under pressure to resolve the high level of bad loans.

"The risks of local financing vehicles are uncertain and it's hard to say whether the ratio will reach 15 percent, but stringent control of the incremental debt of the local governments is crucial," Guo said.

He said the high rate of bad loans had become a hurdle to the competitiveness of the banking system, and the credit risks of commercial banks should be seriously addressed.

The survey indicated that commercial banks' bad loans would dramatically increase after 2012, reflecting China's stimulus spending as it sought to fight the effects of the global financial crisis.

About 73 percent of the respondents at commercial banks said that bad loans generated by the enormous increase in new loans in the past two years will emerge in concentration in 2012 or thereafter. Major sources of NPLs will be local financing vehicles, even though the loans were related to high-speed railways, steel and new energy industries, it said.

"China launched a 4 trillion yuan stimulus plan in 2008 to cope with the financial crisis, and the high speed of economic growth was sustained in 2009 and 2010 by enormous credit and investment", but this was eventually reflected in rising inflation in 2011, said the report.

主站蜘蛛池模板: 国产v日韩v欧美v精品专区 | 国产一区二区三区日韩欧美 | a一级特黄日本大片 s色 | 国产一区二区在线视频播放 | 国产精品免费一区二区三区四区 | 免费五级在线观看日本片 | 亚洲欧美日韩国产精品影院 | 亚洲日本一区二区三区高清在线 | 91福利国产在线观一区二区 | 99久久精品视香蕉蕉er热资源 | 国产成人亚洲综合 | 久久国产亚洲 | 成人久久久观看免费毛片 | 色综合久久加勒比高清88 | 一二三区在线观看 | 激情视频一区 | 99精品国产综合久久久久 | 国产短裙黑色丝袜在线观看下 | 欧美日韩视频一区二区 | 国产一区欧美 | 精品国产三级 | 毛片网站在线看 | 国产99视频精品免视看9 | 精品一区二区三区中文 | 91无套极品外围在线播放 | 色多多最新地址福利地址 | 精品欧美一区二区三区在线观看 | 成人毛片网 | 亚洲午夜精品一区二区 | 欧美成人私人视频88在线观看 | 国产区一区二区三区 | 国产日韩欧美在线观看不卡 | 日韩区 | 国产成人综合久久精品红 | 午夜性a一级毛片 | 亚洲精品国产一区二区在线 | 色夜视频 | 67194在线午夜亚洲 | 国产成人做受免费视频 | 久久精品国产免费观看99 | 全部免费的毛片视频观看 |