Deleveraging has been highlighted twice at high-profile central meetings this year, financial news outlet Yicai reported Sunday.
According to the just-concluded second meeting of the Central Committee for Deepening Overall Reform on Friday, reinforcing the asset and liability constraints on State-owned enterprises (SOEs) is important for reducing leverage ratios and defusing debt risk.
One month ago, the first meeting of the Central Committee for Financial and Economic Affairs was held on April 2. To prevent and defuse financial risks, China should reduce the leverage ratio of local governments and companies, especially SOEs, according to a statement released after the meeting.
Reducing the debt ratio of State assets is in l…
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