10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
Express News | CSRC: Attract more medium and long-term funds into the capital markets.
Express News | CSRC: Coordinate to promote reforms on the investment and financing sides.
This week, another 28 companies have been added! Jiangsu Zhongtian Technology and many other stocks have disclosed plans for shareholding repurchases and re-lending. Here is a list of related A-share names.
1. Share buyback and shareholding loan acceleration implementation. According to incomplete statistics from CFOCN, 28 A-share listed companies disclosed this week the details of their share buyback, shareholding, and reloan situations (see table); 2. cngr advanced material received the highest amount of special loan funds, with an amount not exceeding 0.7 billion yuan. hundsun technologies inc announced on Monday to receive loan support for share buyback, with the stock price closing at the limit up on Tuesday.
How will the large-scale debt of 10 trillion affect the market? Institutions and public funds interpret it for the first time.
①Is the debt-to-equity policy meeting expectations? ②Institutions believe that large-scale debt restructuring is necessary and very timely; ③Improved liquidity is driving bond and pro-cyclical asset performance; ④There is still room for future incremental policies.
Express News | In October, China's PPI fell by 2.9% year-on-year.