After the financial commission stabilized the bond market, Yunnan, Henan and other places called on bond investors

category:Finance
 After the financial commission stabilized the bond market, Yunnan, Henan and other places called on bond investors


On the same day, local media in Henan reported that Wang Xinwei, vice governor of Henan Province, pointed out that credit is the life of an enterprise and that state-owned enterprises should set an example of keeping their promises and fulfilling their promises. The provincial government has always strictly implemented the territorial responsibility, earnestly maintained the market fairness and order, firmly adhered to the zero tolerance attitude, seriously investigated and dealt with all kinds of illegal behaviors according to law, severely punished all kinds of debt evasion and cancellation behaviors, protected the legitimate rights and interests of investors, and built a good financial environment and credit environment.

On November 23, Hao Zhushan, Secretary of the CPC Committee and chairman of Jizhong energy, said in an interview, please rest assured of the financial market. Jizhong energy group strictly abides by laws, regulations and market rules, adheres to professional ethics, is diligent and responsible, and is honest and trustworthy. We firmly believe that with the support of the government and investors, we will spare no effort to practice our internal strength and strive for development. The future prospect will be bright and expectable.

Prior to that, on November 18, the Shanxi provincial government held a special meeting of the heads of provincial state-owned enterprises and financial institutions. Wang Yixin, vice governor of Shanxi Province, attended the meeting and said, with regard to the bond risk problem that you are most concerned about at present, I can tell you responsibly that recently, together with relevant comrades, I have analyzed the bonds to be cashed by state-owned enterprises in Shanxi Province one by one, and there is no problem. Its natural for Shanxi merchants to repay money by borrowing money. This is the gene of Shanxi merchants. In our minds, we have never had the idea of not paying debts, and we will never allow the heads of provincial state-owned enterprises to have such thoughts.

Prior to that, on November 22, the 43rd meeting of the financial committee studied and standardized the development of the bond market and maintained the stability of the bond market.

The meeting of the financial committee pointed out that the recent increase in default cases is the result of the superposition of cyclical, institutional and behavioral factors. We should adhere to the general keynote of seeking progress while maintaining stability, handle the relationship between promoting development and preventing risks in accordance with the principles of marketization, legalization and internationalization, and promote the sustainable and healthy development of the bond market.

Meeting requirements:

First, we should improve our political standing and earnestly fulfill our responsibilities. Financial supervision departments and local governments should proceed from the overall situation and in accordance with the requirements of comprehensively ruling the country in accordance with the law, resolutely safeguard the authority of the legal system, implement the regulatory responsibility and territorial responsibility, supervise and urge all kinds of market entities to strictly perform their main responsibilities, and establish a good local financial ecology and credit environment.

Second, uphold the zero tolerance attitude and maintain market fairness and order. We should strictly investigate and deal with all kinds of illegal acts such as fraudulent issuance, false information disclosure, malicious transfer of assets and misappropriation of issuance funds in accordance with the law, severely punish all kinds of evasion and cancellation of debts and protect the legitimate rights and interests of investors. Third, strengthen the self-discipline and supervision of the industry and strengthen the market restraint mechanism. Bond issuing enterprises and their shareholders, financial institutions, intermediary institutions and other market entities must strictly abide by laws and regulations and market rules, adhere to professional ethics, be diligent and responsible, be honest and trustworthy, and effectively prevent moral hazard. Fourth, strengthen coordination and cooperation among departments. We will improve the risk prevention, discovery, early warning and disposal mechanism, strengthen the investigation of potential risks, maintain reasonable and sufficient liquidity, and firmly hold the bottom line of no systemic risk. Fifth, continue to deepen reform. We should deepen the reform of the bond market, establish and improve the market system, improve the market structure, and enrich product services. We should deepen the reform of state-owned enterprises and improve the quality and efficiency of operation. Source: Chen Hequn, editor in charge of economic report in the 21st century_ NB12679

Second, uphold the zero tolerance attitude and maintain market fairness and order. We should strictly investigate and deal with all kinds of illegal acts such as fraudulent issuance, false information disclosure, malicious transfer of assets and misappropriation of issuance funds in accordance with the law, severely punish all kinds of evasion and cancellation of debts and protect the legitimate rights and interests of investors.

Third, strengthen the self-discipline and supervision of the industry and strengthen the market restraint mechanism. Bond issuing enterprises and their shareholders, financial institutions, intermediary institutions and other market entities must strictly abide by laws and regulations and market rules, adhere to professional ethics, be diligent and responsible, be honest and trustworthy, and effectively prevent moral hazard.