The first half of the eighth northeast special steel bond default expert recommendations to promote ddrtys

The first half of the eighth northeast special steel bond default expert recommendations to promote ddrtys

The first half of the eighth northeast special steel bond default experts recommend using the bankruptcy law to promote governance in Northeast eighth bond default no suspense experts suggest the promotion of corporate governance by the bankruptcy law reporter Su Shiyu recently, the Northeast Special Steel announced on the website of the Shanghai clearing house, in September 6th 2016 annual payment of principal and interest second non-public debt financing instruments 13 dongte steel PPN002, as payment due date to raise the full debt service funds, the interest can not be repaid in full, constitutes a substantial breach. This is less than half the time, the Northeast Special Steel emerged eighth bond defaults, totaling 3 billion 688 million yuan. Aiming at the phenomena of breach of contract in Northeast repeatedly, the relevant analysts pointed out that the northeast special steel bond default is basically no suspense, this kind of phenomenon on the current credit market impact is limited, investors are cautioned not underestimate the credit risk. Guangzhou City Jun Xia investment general manager Huang Jianfei told the "Securities Daily" said in an interview, causes repeated breach of corporate bonds are in many aspects, the first is overcapacity in the industry is gradually exposed to the risk, in the coal and steel industry operating situation worsening at the same time, corporate capital chain breaking the trend of the debt risk also exposed. Secondly, the local economic downturn, resulting in a lack of investment led to insufficient demand, and enterprises regardless of their own living environment has become worse the objective facts, blindly continue to rely on the development of high debt. "At the same time, investors because of the inertia of thinking of local government implicit guarantee of state-owned enterprises, the laws of the market regardless of blind subscription high debt and belongs to excess production capacity of enterprises, promote the objective event of default. In order to avoid the recurrence of such incidents, enterprises especially state-owned enterprises in financing, rely on debt management must abandon the traditional development ideas, but to strengthen the foundation in establishing the refinancing market research, strengthen their core competitiveness on. Chinese Securities Law Research Association Cao Xingquan told the "Securities Daily" said in an interview with reporters, the creditors, the debtor default and is unable to perform due debt market risk, let the market decide how to deal with this. If the debtor does not pay for breach of contract from the derived debtor can not pay, then insolvent, creditors can start bankruptcy procedure. The bankruptcy procedure of Dongbei special steel business such as the difficult to start, is the crux of the problem, as far as possible to promote the corporate governance by the bankruptcy law of zombies. Enter the Sina financial stocks] discussion相关的主题文章: