Central enterprise credit guarantee fund set up to deal with the risk of central enterprise bond

category:Finance
 Central enterprise credit guarantee fund set up to deal with the risk of central enterprise bond


Yuan Ye, member and deputy director of the state owned assets supervision and Administration Commission of the State Council, said that the establishment of a credit guarantee fund for central enterprises and the establishment of a normalized, standardized and market-oriented mechanism for resolving the risk of cashing central enterprises bonds is conducive to further consolidating the security of central enterprises funds, and firmly holding the bottom line of no systemic risk in extraordinary times, which is the first step to take the initiative to prevent and resolve the risk of cashing central enterprises bonds Practical recruitment plays an important role in enhancing the anti risk ability of central enterprises. At the same time, we should realize the superposition and amplification of the credit of central enterprises, further enhance the capital markets confidence in the central enterprises, support the central enterprises in financing in the domestic bond market, and provide strong support for the central enterprises to improve the quality, efficiency, and steady growth, accelerate the optimization of layout and structural adjustment, and achieve high-quality development.

According to reports, the central enterprise credit guarantee fund is a reserve fund for central enterprises to implement the decision and deployment of the Party Central Committee and the State Council on actively preventing and resolving systemic financial risks, and jointly raise funds in accordance with the principles of mutual assistance, mutual benefit and voluntariness, which are specially used to resolve and dispose of the bond risks of central enterprises. The fund operates and manages in accordance with the principle of limited rescue, emergency guarantee, risk controllable and market operation, actively prevents and resolves the bond risk of central enterprises, improves the overall credit of central enterprises, and ensures the stable operation of the financial market.