China Securities Regulatory Commission: Evergrande's risk event's spillover impact on the stable operation of the capital market is controllable
China News Service, Beijing, December 3 (Reporter Xia Bin) China Evergrande Group disclosed on the 3rd an announcement that it may not be able to perform its guarantee obligations. What impact will this risk event have on the operation of the capital market?
On the same day, the relevant person in charge of the China Securities Regulatory Commission told reporters that, at present, the A-share market is generally stable, with strong resilience and high activity. The default rate of the exchange bond market remains at a low level of about 1%. , The operating financial indicators of the bond issuer are generally healthy, and the spillover impact of Evergrande Group's risk events on the stable operation of the capital market is controllable.
The person in charge said that Evergrande Group's poor management and blind diversification expansion eventually led to an outbreak of risk, which is a case risk.
At present, China's real estate industry has maintained healthy development in general, and most real estate companies stick to their main business and operate steadily.
"In the next step, the China Securities Regulatory Commission will continue to maintain the effective use of market financing functions, support real estate enterprises in reasonable and normal financing, and promote the steady and healthy development of the capital market and the real estate market." The person in charge said.
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