久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Local debt NPL problems to loom by '13: Poll

Updated: 2011-09-20 10:48

By Lan Lan (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Local debt NPL problems to loom by '13: Poll

A booth at the China International Financial Exhibition 2011 in Beijing. The ratio of non-performing loans of local financing vehicles is likely to reach as high as 15 percent. [Photo/China Daily]

BEIJING - China's local financing vehicles could face the rising risk of bad loans and major problems might emerge as early as 2013, a report by a major Chinese asset management company released on Sept 19 said.

The non-performing loan (NPL) ratio of local financing vehicles - investment companies through which local governments raise funds to circumvent regulations that prevent them from borrowing directly - is likely to reach as high as 15 percent, exceeding 1 trillion yuan ($156 billion), according to China Orient Asset Management Co.

The report surveyed 234 institutional respondents, including commercial banks, asset management companies, investors and intermediary agencies.

About 84 percent of those surveyed at commercial banks said the local financing vehicles would encounter a major NPL problem.

About 57 percent reckoned that this would occur in 2013 while roughly 25 percent said this might happen in 2012, according to the report.

Intermediary agencies were more pessimistic: About 98 percent of the respondents said a concentration of bad loans would occur, and half of them said it would happen in 2012.

No respondents said the local government debt problem would reach a dangerous level this year.

The average forecast NPL rate is about 15 percent, with the scale of the bad loans expected to exceed 1 trillion yuan, the report said, citing survey results.

China's local government debts were 10.7 trillion yuan at the end of 2010, equal to about 27 percent of gross domestic product, according to a report by the National Audit Office in late June.

Senior government officials said last month that government debts are "controllable" and there is little chance for a potential government default, as regulators at all levels are taking active measures to tackle the issue.

Under pressure

Guo Tianyong, a professor with the Central University of Finance and Economics, said banks are under pressure to resolve the high level of bad loans.

"The risks of local financing vehicles are uncertain and it's hard to say whether the ratio will reach 15 percent, but stringent control of the incremental debt of the local governments is crucial," Guo said.

He said the high rate of bad loans had become a hurdle to the competitiveness of the banking system, and the credit risks of commercial banks should be seriously addressed.

The survey indicated that commercial banks' bad loans would dramatically increase after 2012, reflecting China's stimulus spending as it sought to fight the effects of the global financial crisis.

About 73 percent of the respondents at commercial banks said that bad loans generated by the enormous increase in new loans in the past two years will emerge in concentration in 2012 or thereafter. Major sources of NPLs will be local financing vehicles, even though the loans were related to high-speed railways, steel and new energy industries, it said.

"China launched a 4 trillion yuan stimulus plan in 2008 to cope with the financial crisis, and the high speed of economic growth was sustained in 2009 and 2010 by enormous credit and investment", but this was eventually reflected in rising inflation in 2011, said the report.

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    两根大肉大捧一进一出好爽视频| 欧美一级黄色影院| 日韩国产小视频| 九色porny91| 激情图片qvod| 国产a级片免费观看| 欧美狂野激情性xxxx在线观| 免费精品99久久国产综合精品应用| 国产免费黄色小视频| 色婷婷综合在线观看| 欧洲av无码放荡人妇网站| 老司机激情视频| 亚洲视频在线不卡| 国产超碰在线播放| av动漫在线看| 青草网在线观看| 欧美一级免费在线| 97公开免费视频| 欧美日韩成人免费视频| 红桃一区二区三区| 久久久久xxxx| 日韩一区二区三区不卡视频| 播放灌醉水嫩大学生国内精品| www.日本三级| 国产精品一二三在线观看| 亚洲一区二区在线视频观看| www.99在线| 国产v亚洲v天堂无码久久久| 国产资源在线视频| 福利视频一二区| 日韩中文字幕在线不卡| 99精品一级欧美片免费播放| 色天使在线观看| 中文字幕在线综合| 2025韩国理伦片在线观看| 日本女优爱爱视频| 免费日韩中文字幕| 成人一级片网站| 青青青在线播放| 97超碰青青草| 日本一本二本在线观看| 91免费视频网站在线观看| 3d动漫一区二区三区| 成 年 人 黄 色 大 片大 全| 国产高清av在线播放| 日韩av新片网| 免费国产a级片| 国产在线青青草| 日本免费一级视频| 五月婷婷狠狠操| 91高清国产视频| 伊人国产精品视频| 日本xxx免费| www.亚洲成人网| 欧美在线一区视频| 欧美牲交a欧美牲交aⅴ免费下载| 亚洲自偷自拍熟女另类| www.国产区| www.这里只有精品| 成人黄色一级大片| 欧美视频亚洲图片| 亚洲色图都市激情| 无码人妻精品一区二区蜜桃网站| 欧美一级片免费播放| 国产午夜福利100集发布| 免费在线a视频| wwwwww.色| 天天干天天色天天干| 国产卡一卡二在线| 精品成在人线av无码免费看| 毛片在线视频播放| 九色91popny| 超碰中文字幕在线观看| 久久香蕉视频网站| 免费欧美一级视频| 538任你躁在线精品免费| 岛国av免费在线| 免费的一级黄色片| 91黄色小网站| www.久久久久久久久久久| 9色视频在线观看| 欧美视频在线播放一区| 色婷婷.com| 乱熟女高潮一区二区在线| 男人亚洲天堂网| 911福利视频| 国产精品69久久久| www.xxx亚洲| 中文字幕av久久| 美女av免费在线观看| 色噜噜狠狠一区二区三区狼国成人| 蜜臀av.com| 国产精品免费成人| 欧美aaa在线观看| 自拍日韩亚洲一区在线| 天天干天天草天天| av在线免费观看国产| 成年人网站大全| 久久天天东北熟女毛茸茸| 超碰97人人射妻| 美女在线免费视频| 久久久久久久久久福利| 视色,视色影院,视色影库,视色网| 久色视频在线播放| 青娱乐国产精品视频| 日韩欧美国产免费| 日本不卡一区二区三区四区| 六月丁香婷婷激情| 青青草原网站在线观看| 日本老熟妇毛茸茸| 久久久久99精品成人片| 午夜剧场高清版免费观看 | 国产欧美在线一区| 手机在线观看日韩av| 久久久精品在线视频| 国产又粗又长又爽视频| 日日噜噜噜噜久久久精品毛片| 黄色片免费在线观看视频| 三级av免费观看| 毛片一区二区三区四区| 91免费版看片| 亚洲天堂国产视频| 日本成人在线免费视频| 18禁网站免费无遮挡无码中文| 在线视频观看一区二区| 国产一区亚洲二区三区| 欧美久久在线观看| 欧洲xxxxx| 欧美视频国产视频| 国产福利影院在线观看| 国产中文字幕视频在线观看| 日韩欧美猛交xxxxx无码| 吴梦梦av在线| 老司机久久精品| 五月婷婷之综合激情| av天堂永久资源网| 国产 日韩 亚洲 欧美| 肉大捧一出免费观看网站在线播放 | 黑人粗进入欧美aaaaa| 国产v片免费观看| 99久久免费观看| 国产免费xxx| 思思久久精品视频| 中文字幕国产免费| 亚洲娇小娇小娇小| 性欧美videossex精品| 国产a级片免费观看| 黄色片久久久久| 国产中文字幕视频在线观看| 日本wwwcom| 日韩精品在线中文字幕| 久久亚洲国产成人精品无码区| 国产奶头好大揉着好爽视频| 久久久精品视频国产| 亚洲精品在线网址| av噜噜在线观看| 日本高清免费在线视频| 不卡中文字幕在线| 日本黄色a视频| 免费在线精品视频| 久久精品亚洲天堂| 亚洲免费成人在线视频| gai在线观看免费高清| 亚洲午夜精品一区| 少妇熟女一区二区| 日韩亚洲欧美一区二区| 97超碰在线人人| 欧美不卡在线播放| 国产成人a亚洲精v品无码| 99久久久无码国产精品6| 美女网站免费观看视频| www.com黄色片| 善良的小姨在线| 欧美交换配乱吟粗大25p| 99久久久精品视频| 毛片在线视频播放| 成人一区二区三| 午夜免费福利视频在线观看| 色中文字幕在线观看| 99久久免费观看| 亚洲乱码中文字幕久久孕妇黑人| 可以免费在线看黄的网站| 粉色视频免费看| 99精品一级欧美片免费播放| 真实国产乱子伦对白视频| 亚欧无线一线二线三线区别| 天天插天天操天天射| 在线免费观看av网| 国产成人免费高清视频| 日本中文字幕网址| 中文字幕一区二区三区四区在线视频| 污视频网址在线观看| 免费看日本黄色| 哪个网站能看毛片| 日韩欧美国产片| 青青在线视频免费观看| 国产男女激情视频| 爽爽爽在线观看| 欧美日韩福利在线| 天天干天天爽天天射|