Check and prevent the financial risk of mining enterprises
first, financial risk prevention is for certain subjects. Different subjects have different ways and purposes of activities in the financial market, and their risk situation and risk degree are also different. Therefore, the risk prevention and measures are also different
secondly, the premise of risk prevention is to have sufficient analysis and understanding of risk, that is, risk prevention is a conscious behavior
thirdly, risk prevention must comply with relevant laws and regulations, and non-conforming measures and behaviors cannot be selected
fourthly, the purpose of risk prevention is to achieve the expected goal, so the degree of financial risk prevention can be measured by the degree of realization of the expected goal.
The central economic work conference determined that in the next three years, we should fight a battle to prevent and resolve major risks, focusing on the prevention and control of financial risks, serving the main line of supply side structural reform, promoting the formation of a virtuous circle within the financial and real economy, finance and real estate, and the financial system, doing a good job in risk prevention and disposal in key areas, and resolutely cracking down on illegal financial activities, Strengthen the construction of supervision system for weak links
"the virtuous circle of Finance and real economy refers to the requirement for finance to return to its origin and enhance the ability of finance to serve the real economy. The virtuous circle with real estate should be the relationship between financial and real estate. Financial cooperation should not only be coordinated with real estate regulation, but also serve the long-term mechanism of real estate. We should support the housing system of low rent housing construction and rental purchase with capital and service innovation. The virtuous circle within the financial system is to continue to rece capital idling, prohibit excessive maturity mismatch and regulatory arbitrage, continue to thoroughly rectify market chaos, rece cross market, cross instry and cross domain financial risks, and promote the return of funds from real to virtual to the source, and invest more in the real economy. " Zeng Gang, director of the banking research office of the financial institute of the Chinese Academy of Social Sciences, said
On December 13, China shipbuilding group, China Construction Bank and China Life Insurance signed the "China Shipbuilding Group leverage rection and market-oriented debt to equity investment agreement" to jointly promote the market-oriented debt to equity business. China shipbuilding group and China Construction Bank signed a debt to equity framework agreement with an intentional investment amount of 24 billion yuan, and then the three parties jointly funded the establishment of China shipbuilding cost rection and efficiency private investment fund, with the initial scale of 7.5 billion yuan, which is jointly managed and operated by CCB (Beijing) Investment Fund Management Co., Ltd. and Guoshou Investment Holding Co., Ltd. The funds obtained from the tripartite operation are mainly used to repay the existing debt and rece the leverage ratio of the enterprise High leverage is the root of financial fragility. Zeng Gang analysts said that the high leverage ratio will bring potential financial risks. First, the growth of money and credit exceeds the needs of the real economy, which will easily lead to financial detraction and asset bubbles, especially the real estate market bubble. Second, the debt burden of some economic entities is too high, such as excessive debt of local governments, which not only leads to potential repayment crisis, but also distorts the allocation of financial resourcesin 2017, the macro leverage ratio of China showed a trend of steady decline, and the debt risk tended to decline. According to the latest data of the national finance and development laboratory, as of the end of the third quarter of 2017, China's overall leverage ratio was 239%, up 1.5 percentage points compared with the first quarter, and the overall situation was stable. At the end of the third quarter of 2017, the leverage ratio of China's non-financial enterprises was 154.8%, which declined or remained unchanged for three consecutive quarters, with a cumulative decline of 2.9 percentage points compared with the end of the first quarter. The declining trend of leverage ratio of non-financial enterprises was further established, and the risk of macro high leverage was in the process of orderly digestion
risk prevention and disposal in key areas, and resolutely crack down on illegal financial activities. Dong ximiao, deputy director of the instry development research committee of the China Banking Association, said: "the" strong supervision "of the regulatory authorities over the banking, securities and insurance instries will continue. For example, the interbank business and asset management business of the banking system, rather than the illegal and illegal financial activities of licensed financial institutions, will be cleared, Now the risks are mainly concentrated in the field of Internet Finance and private finance. In the next step, we should continue to do a good job in the special rectification activities of Internet financial risks, further make up for the regulatory shortcomings in regulatory coordination and system construction, and take more effective measures from the aspects of source control, process strict control, and afterwards accountability, so as to build a regulatory closed loop for Internet Finance and private finance, and effectively prevent and resolve prominent risks, We should safeguard the legitimate rights and interests of financial consumers and maintain financial order and social stability. "
establish a long-term mechanism of strong supervision
how will financial supervision go in the future? Zeng Gang said that in terms of prevention and control of financial risks, several directions put forward by the national financial work conference held in July this year have been basically continued. In 2017, the financial supervision department will specially rectify the market chaos and make up for the shortcomings of the system. The next step is to strengthen the construction of the weak link supervision system, establish a long-term mechanism for risk prevention and control, and consolidate the short-term effect of governance chaos through more perfect system construction. Risk prevention and strong supervision are not the short-term suppression of asset bubbles, but will continue the previous policy. In the long run, "risk prevention will be carried out in the end". p>
"for a long time, the policy is to seek a balance between stable growth and risk prevention. A few years ago, more emphasis was placed on steady growth. Now putting risk prevention in a more important position means that next year's monetary policy and regulatory policy will remain firm and will not relax the trend of strong financial supervision e to the slowdown of economic growth. " Zeng Gang said
"the monetary policy remains stable and neutral, which fully reflects the original intention of the central authorities to create a suitable monetary and financial environment for stable economic growth and deleveraging." Lian Ping, chief economist of Bank of communications, analyzed that the central economic work conference clearly put forward "controlling the main gate of money supply", which means that the main goal of monetary policy next year is to maintain reasonable and stable liquidity. Emphasizing "neutral" means that it will not further tighten, especially considering the actual effect of tightening in the financial sector under strong supervision and strict regulation, "Neutral" policy requires more flexible use of multiple tools to stabilize market volatility and resolve the potential liquidity risk in the financial system, so as to maintain the overall moderate macro liquidity and relatively stable interest rate level
Lian Ping said that it is expected that in the future, financial deleveraging will be further deepened, financial supervision will remain strong, and a series of new regulatory policies similar to the new asset management rules will be introced one after another. From the perspective of major areas, it is expected that off balance sheet banking, Internet finance, "zombie enterprise" disposal and financial holding companies will be mainly supervisedevery step well, the decision is right
as early as 2009, the Finance Department of Inner Mongolia autonomous region designated the Inner Mongolia property rights trading center as the regional local financial enterprise state-owned assets trading agency, which is supervised and managed by the finance department to carry out the state-owned assets trading business of financial enterprises; In the same year, through filing with the Ministry of finance, it became a trading agency for the transfer of state-owned assets of financial enterprises under central management. In 2017, Inner Mongolia property rights trading center built a financial assets trading service platform to implement the central and autonomous region's "three major battles" decision-making and deployment, based on the functional positioning of preventing and resolving regional financial risks. According to the relevant provisions of the measures for the administration of the transfer of state owned assets of financial enterprises (Order No. 54 of the Ministry of Finance), the platform has established a financial assets trading service platform, We gather professional forces to provide various financial enterprises with professional services such as self owned assets transfer, non-performing assets disposal, equity transfer, centralized procurement, capital increase and share expansion, equity registration and custody; It has established good business cooperation with more than 100 financial enterprises in the region, including state-owned banks, joint-stock banks, local banks, rural financial institutions, small loan companies and asset management companies
since the establishment of the platform, it has always taken the standardized disposal of non-performing assets, prevention and resolution of financial risks as its own responsibility, adhered to business innovation, improved the transaction structure, and strictly controlled the operational risk and moral hazard while improving the transaction rate. We have independently created a variety of financial asset trading service modes, such as asset listing transfer, creditor's rights inquiry transfer, comprehensive service of creditor's rights disposal place, creditor's rights exchange transaction, etc. at the same time, we have provided various customized services for financial enterprises, effectively assisting the principal to prevent and resolve various financial risks
Inner Mongolia property rights trading center constantly explores and innovates to improve the trading structure. Adhere to the idea of platform development to integrate and innovate the financial asset trading business. Combining financial asset trading with Internet, a new non standardized financial asset trading mode has been established. Give full play to the functional advantages of property rights market in information gathering, investor discovery and price discovery, and actively help governments and financial institutions at all levels to resolve financial risks through various market-oriented methods such as asset realization and debt replacement. Since 2017, there have been more than 220 transactions with a turnover of nearly 6 billion yuan, forming a standardized, orderly and unified financial asset trading market pattern.