Circular on Encouraging Relevant Institutions to Participate in Market-oriented Debt-for-Equity Swaps
Circular on Encouraging Relevant Institutions to Participate in Market-oriented Debt-for-Equity Swaps
Circular on Encouraging Relevant Institutions to Participate in Market-oriented Debt-for-Equity Swaps
Fa Gai Ban Cai Jin [2018] No.1442
November 13, 2018
Development and reform commissions and finance departments of all provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan, and the Xinjiang Production and Construction Corps, the Shanghai Head Office, all branches, business management departments, and central sub-branches of provincial capitals (capitals of autonomous regions) of the People's Bank of China, all banking and insurance regulatory bureaus and securities regulatory bureaus,
In order to effectively mobilize various social capitals to participate in market-oriented debt-for-equity swaps, and promote the improvement of the quantity and quality of market-oriented debt-for-equity swaps, the matters relating to encouraging insurance companies, private equity investment funds and other institutions to actively participate in market-oriented debt-for-equity swaps according to laws and regulations are hereby notified as follows in accordance with the Opinions of the State Council on Actively and Properly Reducing the Enterprise Leverage Ratio (Guo Fa [2016] No.54) and its Appendix, the Guiding Opinions on Market-oriented Bank Debt-for-equity Swaps (the "Guiding Opinions"):
I.
......
Fa Gai Ban Cai Jin [2018] No.1442
November 13, 2018
Development and reform commissions and finance departments of all provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan, and the Xinjiang Production and Construction Corps, the Shanghai Head Office, all branches, business management departments, and central sub-branches of provincial capitals (capitals of autonomous regions) of the People's Bank of China, all banking and insurance regulatory bureaus and securities regulatory bureaus,
In order to effectively mobilize various social capitals to participate in market-oriented debt-for-equity swaps, and promote the improvement of the quantity and quality of market-oriented debt-for-equity swaps, the matters relating to encouraging insurance companies, private equity investment funds and other institutions to actively participate in market-oriented debt-for-equity swaps according to laws and regulations are hereby notified as follows in accordance with the Opinions of the State Council on Actively and Properly Reducing the Enterprise Leverage Ratio (Guo Fa [2016] No.54) and its Appendix, the Guiding Opinions on Market-oriented Bank Debt-for-equity Swaps (the "Guiding Opinions"):
I.
......