Resolving China corporate debt problem /

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in f...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Maliszewski, Wojciech (Autor, (IMF staff)), Arslanalp, Serkan, 1976- (Autor, (IMF staff)), Caparusso, John (Autor, (IMF staff)), Garrido, José María (Autor, (IMF staff)), Guo, Si (Autor, (IMF staff)), Kang, Joong Shik (Autor, (IMF staff)), Lam, W. Raphael (Autor, (IMF staff)), Law, Tak Yan Daniel (Autor, (IMF staff)), Liao, Wei (Wei Carol), 1979- (Autor, (IMF staff)), Rendak, Nadia (Autor, (IMF staff)), Wingender, Philippe (Autor, (IMF staff)), Yu, Jiangyan (Autor, (IMF staff)), Zhang, Longmei, 1984- (Autor, (IMF staff))
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2016]
Colección:IMF working paper ; WP/16/203.
Temas:
Corporate debt > China.
Credit > China.
Financial risk management > China.
Sociétés > Dettes > Chine.
Crédit > Chine.
Finances > Gestion du risque > Chine.
Corporate debt
Credit
Financial risk management
China
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Contents; I. Introduction; II. How Significant is the Problem?; III. What is Behind the Rapid Credit Growth?; IV. Charting the Way Out; A. Authorities' Plans; B. Comprehensive Strategy; C. Elements of the Comprehensive Strategy; V. Supportive Measures; A. Enhancing the Legal Framework; B. Easing the Transition; C. Facilitating Market Entry; D. Strengthening Fiscal Discipline for Local Governments; VI. Illustrative Scenarios; VII. Conclusion; Table; 1. Resolving Zombie Companies across Selected Provinces; Figures; 1. Credit Boom and Adjustment: Regional Impact.
  • 2. China Deleveraging ScenariosAppendices; I. Using a Pilot Program to Restructure State-Owned Enterprises; II. Modalities of Debt Restructuring; III. China's 1998-2003 Previous Restructuring Experience; IV. Recent Near-Default Cases; V. Corporate Restructuring in Central and Eastern Europe; VI. Korea's Experience with Corporate and Debt Restructuring; VII. Estimating the Impact of Restructuring; VIII. Managing Local Government Debt-International Experiences; IX. Projecting Growth and Credit under Different Scenarios; References.

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