Local debt issuance soared 4 trillion and 800 billion yuan in the first 8 months (video) dachiyouxiang

The scale of local debt issuance soared 8 months before July has reached 4 trillion and 800 billion yuan before the issuance of local bonds over 3 trillion and 900 billion yuan in recent years, the local debt become the second treasury bonds, policy bank bonds, the third varieties of bonds, and the issue of accelerating. This reporter learned from the Shanghai Stock Exchange, Guizhou Shandong today and tomorrow there are 10 local debt market. At the same time, the speed of the issue, the scale of local debt issuance is also increasing. Comprehensive parties statistics found that the first 8 months of this year, the size of local debt issuance of about $4 trillion and 800 billion, more than the total circulation of $3 trillion and 800 billion last year. Agencies are expected this year, the total amount of new debt and replacement of local debt will be more than 6 trillion yuan. This year, the scale of local government bond issuance increased. Securities Daily reporters comprehensive statistics found that the first 8 months of this year, the scale of local debt issuance of about $4 trillion and 800 billion, has exceeded the total circulation of $3 trillion and 800 billion last year. Finance minister Lou Jiwei recently presented data show that as of the end of July this year, issued local government bonds 39710 yuan. Among them, the new bonds 10084 billion yuan, 29626 yuan replacement bonds; the Minsheng Securities Research Institute data show that in August the local government bonds issued a total of 839 billion 450 million yuan, of which 713 billion 400 million yuan of new replacement bonds, bonds 126 billion 50 million yuan, compared with July growth of 112.2%, 138.9% and 30.1% respectively. According to this calculation, the first 8 months of this year, the scale of local debt issuance of about $4 trillion and 800 billion, of which the replacement of bonds of 36760 billion yuan, the new bond of $1 trillion and 134 billion 450 million. And last year the total circulation of 3 trillion and 800 billion yuan. This year, the National People’s Congress approved the new local government debt limit of 11800 yuan. Prior to the deputy director of the budget department of the Ministry of finance Wang Kebing said that this year the local government to replace the bond amount of 5 trillion yuan. Thus, the next few months, the replacement bond will still be the main issue of local debt issuance. CITIC construction investment is expected this year, the total amount of local debt and the replacement of new debt will be more than 6 trillion yuan, this year there are still about $2 trillion of bonds. Experts believe that in 2016 China continued to implement a proactive fiscal policy, which is an important measure to moderate the expansion of the fiscal deficit, mainly for tax cuts, to further reduce the burden on enterprises. Therefore, all by increasing the issuance of local bonds to raise funds to invest in infrastructure construction and other fields, to expand government spending, is an important measure to deal with downtown pressure on the economy, effectively play the function of active fiscal policy. At present, China’s local debt investors to commercial banks. BOCI research report shows that as of the end of 2015, commercial banks hold about 72% of the local debt. For commercial banks, the local government debt is about to expire into a low interest rate, long-term local debt, in addition to the loss of bank income will form, will also have a certain impact on the banking business. Since 2016, in the face of large-scale local debt issuance, the relevant departments have issued a series of policies and measures to strengthen management. For example, in terms of debt replacement, in January this year, the Ministry of Finance issued a notice on the issuance of local government bonds in 2016 to do a good job,.相关的主题文章: