国内英语资讯:Strong efforts to promote market-oriented, law-based debt-to-equity swaps_时事

国内英语资讯:Strong efforts to promote market-oriented, law-based debt-to-equity swaps

Efforts will also be made to develop new approaches to pursue swaps, and the pilot program of debt-to-preferred stocks swap should be expanded. Quality companies with a high leverage ratio as well as quality business segments will be prioritized in the deb-to-equity swap.

"Our efforts in the market-oriented, law-based debt-to-equity swap have paid off, yet problems that have arisen in the process need to be tackled," Li said, "Going forward, we must confront the existing problems and tackle them head-on. What's important is to expand the scale and coverage of the swap deals and improve their quality to ensure that this endeavor achieves its desired results."

It was decided at the meeting that multi-pronged measures will be implemented to help the financial asset investment firms involved in the swap programs replenish their capital.

Qualified trading floors will be permitted to trade the assets in the swap deals, and see that the financial asset investment firms play their important role in the debt-to-equity swap process.

The meeting also urged to motivate private actors to participate, improve equity structures, and provide equal protection for the rights and interests of private investors. Financial asset investment firms will be supported in launching asset management products and accepting investment from insurance and pension funds.

Publicly offered asset management products will be allowed to participate in the swap in keeping with relevant laws and regulations, and foreign investors are encouraged to acquire stake in the implementing agencies.