Chinanews.com, November 17th. The National Development and Reform Commission today held a regular press conference in November. At the meeting, spokesperson Meng Wei said when talking about dealing with debt risks and dealing with defaults, overall, the risk prevention of corporate bonds is relatively good. , No default has occurred this year, the cumulative default rate is at the lowest level of corporate credit bonds, and the default disposal rate is at the highest level of corporate credit bonds.
In response to individual signs of potential risks, pay close attention to the interest payment of relevant bonds, and urge the formulation of resolution plans to protect the legitimate rights and interests of investors.
Meng Wei said that the National Development and Reform Commission has always insisted on serving the real economy as the starting point and end of its corporate bond work, insisting on the organic integration of corporate bond development with the promotion of major national strategies and major plans, and continuing to increase its commitment to key areas of economic development, key areas, and The strength of financing support in the field of social and people's livelihood to make up for shortcomings, guide and leverage more medium and long-term, low-cost social funds to invest in key areas and weak links of the national economy.
In March of this year, the National Development and Reform Commission issued a notice on matters related to the implementation of the registration system for corporate bond issuance, clarifying that corporate bond issuance was changed from an approval system to a registration system, and guided the acceptance and review agencies to issue the "Corporate Bond Acceptance Working Rules (Trial)" and Two operational provisions in the "Working Rules for Corporate Bond Review (Trial)".
As of November 10, 828.845 billion yuan of approved or registered corporate bonds has been completed this year, and 476.779 billion yuan has been issued, both achieving positive growth over the same period last year.
At present, the various reforms of corporate bonds are progressing steadily, the construction of the institutional system has been improved, the efficiency of application and review has continued to increase, and market vitality has been further stimulated.
Regarding the issue of debt risks, Meng Wei said that currently, under the influence of various factors at home and abroad, the bond market is facing some new challenges in preventing and resolving major risks.
In accordance with the decisions and deployments of the Party Central Committee and the State Council on preventing and resolving major risks, the National Development and Reform Commission attaches great importance to the prevention of corporate bond risks, always puts the prevention and resolution of systemic financial risks in an important position, and firmly holds the bottom line of preventing systemic financial risks.
Generally speaking, the risk prevention of corporate bonds is relatively good. There has been no default this year, the cumulative default rate is at the lowest level of corporate credit bonds, and the default disposal rate is at the highest level of corporate credit bonds.
In the next step, in dealing with debt risks and dealing with defaults, we will focus on strengthening work in three areas.
One is to strengthen supervision.
Give full play to the advantages of local territorial management, and do a good job in the supervision of corporate bonds in the region through project screening, risk investigation, supervision and inspection, etc., to prevent and resolve risks in the corporate bond sector.
The second is to strengthen coordination.
Strengthen the communication and coordination between the corporate credit bond management departments, build an efficient work coordination mechanism, strengthen information disclosure, strengthen unified law enforcement, improve system construction, promote the unification of bond market disclosure rules, and jointly prevent and resolve potential risks in the bond market.
The third is to catch early and catch small.
Establish a risk prevention and control system of early identification, early warning, early detection, and early disposal to understand risks in advance and deal with them as soon as possible.
In response to individual signs of potential risks, pay close attention to the interest payment of relevant bonds, and urge the formulation of resolution plans to protect the legitimate rights and interests of investors.