The government of the hottest financing platform i

2022-08-06
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Shandong clean-up financing platform government will only bear limited liabilities Shandong clean-up financing platform government will only bear limited liabilities introduction: Recently, Shandong provincial government issued the notice on strengthening the management of government financing platform, and put forward clear requirements for clearing local government financing platform companies: in the future, the government will only bear limited liabilities of the financing platform; For the original government credit loans, risk mitigation measures should be taken; At the same time, resolutely stop

recently, the Shandong provincial government issued the notice on strengthening the management of government financing platforms, which put forward clear requirements for clearing up local government financing platform companies: in the future, the government will only bear a limited amount of newly increased debts of financing platforms; For the original government credit loans, risk mitigation measures should be taken; At the same time, we will resolutely stop the government from violating guarantee commitments

this document requires that the risk of non-performing loans be gradually resolved through preservation and write off in the next three years

the document says that in the future, governments at all levels will only bear limited new debts of financing platform companies within the limit of their capital contributions, so as to internalize the debt risk of financing platform companies and prevent the debt of platform companies from turning into financial debt. If the debtor fails to repay all the debts on the pilot project, the creditor (loan bank) shall also bear the corresponding liabilities

in the future, when granting loans to local financing platforms, lending banks should perform the approval procedures in accordance with the principle of commercialization, especially carefully assess the borrower's financial capacity and repayment sources in view of various favorable factors. Where there is no stable cash flow as a source of repayment, loans shall not be issued. The project assets or the expected income of the project that meet the conditions of mortgage and pledge shall be used as loan guarantee as required

at the same time, loan banks should appropriately increase the risk weight of loans from financing platform companies, strictly classify the loan quality according to different situations, draw sufficient provisions, and strive to gradually resolve the risk of non-performing loans through preservation and write off in the next three years

the document proposes to resolutely stop the government from violating the guarantee commitment. "Unless otherwise stipulated by laws and the State Council, governments at all levels and their subordinate departments, institutions and financial subsidy institutions that mainly rely on financial appropriations shall not provide guarantees for the financing activities of financing platform companies in the form of state-owned assets of financial revenue, administrative institutions and other units, or in any other direct or indirect form, nor shall government financing platform companies provide mutual guarantees."

at the same time, Shandong proposed to properly handle the stock debt of financing platform companies. For the original government credit loan, the loan bank shall negotiate with the financing platform company to formulate loan risk mitigation measures; For the financing projects that comply with the provisions of the policy on the use of graphite materials as cathode materials for lithium-ion batteries, the lending bank shall continue to provide loans in accordance with the agreement; For the projects under construction that have difficulties in subsequent financing, Shandong is allowed to negotiate for financing loans to avoid the production capacity of intermediate chemicals such as lactic acid and ethylene glycol reaching 2.94 million tons and capital chain breakage

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