Research on China's Macro-Leverage Ratio and Risk Prevention

DOI

10.2991/meess-18.2018.88How to use a DOI?

Keywords

Leverage; non-financial enterprises; potential risks; reform of state-owned enterprises.

Abstract

Since the financial crisis in 2008, the leverage ratio of China's non-financial enterprises and government departments has been on the rise. Compared with developed countries, China's leverage ratio is not high, but the potential risk is not small. First, there are more hidden liabilities. Second, debt growth is relatively fast. When it comes to deleveraging, we need to clarify the scope of deleveraging and the idea of deleveraging. While controlling the rapid increase in the leverage ratio of the non-financial sector, the leverage ratio of non-financial enterprises, especially state-owned enterprises, was mainly reduced. In this way, we will speed up supply-side structural reform, reform of state-owned enterprises, improve the direct financing mechanism, and standardize the leverage tools and approaches

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yao Yao
AU  - Quanxin Liu
PY  - 2018/08
DA  - 2018/08
TI  - Research on China's Macro-Leverage Ratio and Risk Prevention
BT  - Proceedings of the 2018 International Conference on Management, Economics, Education and Social Sciences (MEESS 2018)
PB  - Atlantis Press
SP  - 470
EP  - 477
SN  - 2352-5398
UR  - https://doi.org/10.2991/meess-18.2018.88
DO  - 10.2991/meess-18.2018.88
ID  - Yao2018/08
ER  -