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Ten provinces, autonomous regions and municipaliti
Ministry of finance to inform the clear, the pilot areas bear bond debt service liability. Pilot areas debt guarantee mechanism should be established to co-ordinate arrangements for integrated financial, timely payment of principal and interest of the bonds, the issue of fees of funds, earnestly fulfill debt obligations, to maintain the credibility of the **. ** bonds issued in the pilot areas for the fixed rate interest bearing book entry bonds. 2014 ** bonds for a period of 5 years,moncler sito ufficiale, 7 years and 10 years, the proportion of the structure is 4:3:3.
reporter Zhao Jingyang
authoritative financial experts pointed out that the pilot and autonomy bonds is not the same thing,sac goyard soldes, in the case of local ** bonds previously launched by the pilot upgrade version". Bai Jingming said that the spontaneous self also pilot is not entirely independent of the issue, the actual upgrade is to issue bonds on their own. The difference is that after pilot their own bonds although allowing local organizations issue, but still on behalf of the central ** for the repayment of principal and interest, and from local deduction of the debt principal and interest,hogan outlet, and "spontaneous also emphasize the local debt on their own.
in the pilot provinces and cities, Jiangxi Province in 2014 the province's total fiscal revenue 266 billion 400 million yuan, Gansu Province, the province's public budget revenue of 66 billion yuan, compared with other pilot areas there is a certain gap. Ministry of finance fiscal science research Deputy Baijing said,peuterey outlet online, spontaneous self pilot is also conditional, issue size, the term structure is locked and interest rates also make the provisions of the benchmark. Although the financial resources of the central and western regions are slightly lower than in the eastern region, the amount of debt issuance should be within the capacity of the central and western regions.
< p > CITIC Securities (11.27,piumini moncler outlet, 0.10, 0.90%) report think, Beijing and Qingdao belongs to better financial situation of the region and, Jiangxi,hogan outlet online, Ningxia and belongs to the central and western regions, but the ** debt situation better. 2013 Ningxia and Jiangxi, the **'s total debt ratio of 50.5% and 68%, in the same region of the province in the debt ratio is relatively low, solvency is relatively strong. Previously, Shanghai, Zhejiang,air max pas cher, Guangdong and other 6 provinces have been approved by the pilot to issue local bonds,hogan outlet online, bonds in 2013 the size of close to 70 billion yuan,moncler outlet online, more than 30% growth in 2012. It is expected that this year the size of the 6 provinces and municipalities to issue bonds will continue to expand, coupled with the size of other 4 provinces and municipalities, ten provinces and cities this year,gioielli tiffany outlet, spontaneous self also,hogan outlet online, the issue of bonds is expected to be more than 150 billion yuan.
bonds scale material more than 150 billion yuan
Ministry of Finance 21 News, approved by the State Council, in 2014 Shanghai, Zhejiang,louboutin pas cher, Guangdong, Shenzhen, Jiangsu, Shandong, Beijing, Jiangxi,,baskets air max, Ningxia,sac goyard prix, Qingdao pilot local ** bonds spontaneous self also. Experts said that local pilot spontaneous self also model helps to regulate the local debt financing system, the establishment of ** bonds as the main local ** debt financing mechanism. After the relevant supporting measures to establish and improve the future, this model is expected to expand to more pilot areas and even the whole country.
distance from the independent bonds also have a distance
China University of Political Science and Law professor Li Shuguang believe that the "spontaneous self also," the introduction of the pilot,air max homme pas cher, out of the original local ** cited >Related topics:
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