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...
Gespeichert in:
| Hauptverfasser: | , , , , , , , , , , , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
[2016]
|
| Schriftenreihe: | IMF working paper ;
WP/16/203. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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 financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain. |
| Beschreibung: | "October 2016." At head of title: International Monetary Fund, Asia and Pacific Department. |
| Beschreibung: | 1 online resource (43 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (pages 39-40). |
| ISBN: | 9781475545289 1475545282 147554538X 9781475545388 |
| ISSN: | 1018-5941 ; |
Internformat
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| 100 | 1 | |a Maliszewski, Wojciech, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2003129232 | |
| 245 | 1 | 0 | |a Resolving China corporate debt problem / |c prepared by Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, José Garrido, Si Guo, Joong Shik Kang, W. Raphael Lam, T. Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, and Longmei Zhang. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c [2016] | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (43 pages) : |b color illustrations | ||
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| 490 | 1 | |a IMF working paper, |x 1018-5941 ; |v WP/16/203 | |
| 588 | 0 | |a Print version record. | |
| 500 | |a "October 2016." | ||
| 500 | |a At head of title: International Monetary Fund, Asia and Pacific Department. | ||
| 504 | |a Includes bibliographical references (pages 39-40). | ||
| 520 | 3 | |a 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 financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain. | |
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed November 16, 2016). | |
| 505 | 0 | |a 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. | |
| 505 | 8 | |a 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. | |
| 650 | 0 | |a Corporate debt |z China. | |
| 650 | 0 | |a Credit |z China. | |
| 650 | 0 | |a Financial risk management |z China. | |
| 650 | 6 | |a Sociétés |x Dettes |z Chine. | |
| 650 | 6 | |a Crédit |z Chine. | |
| 650 | 6 | |a Finances |x Gestion du risque |z Chine. | |
| 650 | 7 | |a Corporate debt |2 fast | |
| 650 | 7 | |a Credit |2 fast | |
| 650 | 7 | |a Financial risk management |2 fast | |
| 651 | 7 | |a China |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJdCqh8h6hJY7PT6MQW4bd | |
| 700 | 1 | |a Arslanalp, Serkan, |d 1976- |e author, |e (IMF staff) |1 https://id.oclc.org/worldcat/entity/E39PCjM8mWWqXW87jkHP6C47RC |0 http://id.loc.gov/authorities/names/no2003006553 | |
| 700 | 1 | |a Caparusso, John, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2016128469 | |
| 700 | 1 | |a Garrido, José María, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2004085780 | |
| 700 | 1 | |a Guo, Si, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2015102342 | |
| 700 | 1 | |a Kang, Joong Shik, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2006118871 | |
| 700 | 1 | |a Lam, W. Raphael, |e author, |e (IMF staff) | |
| 700 | 1 | |a Law, Tak Yan Daniel, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2015087436 | |
| 700 | 1 | |a Liao, Wei |q (Wei Carol), |d 1979- |e author, |e (IMF staff) |1 https://id.oclc.org/worldcat/entity/E39PCjvkxMBK7c8ft47QK4ymkC |0 http://id.loc.gov/authorities/names/no2014070488 | |
| 700 | 1 | |a Rendak, Nadia, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2006020904 | |
| 700 | 1 | |a Wingender, Philippe, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2013104160 | |
| 700 | 1 | |a Yu, Jiangyan, |e author, |e (IMF staff) |0 http://id.loc.gov/authorities/names/no2010137440 | |
| 700 | 1 | |a Zhang, Longmei, |d 1984- |e author, |e (IMF staff) |1 https://id.oclc.org/worldcat/entity/E39PCjKMMjxR94GBW7XTtfmMrq |0 http://id.loc.gov/authorities/names/no2014041462 | |
| 710 | 2 | |a International Monetary Fund, |e publisher. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 710 | 2 | |a International Monetary Fund. |b Asia and Pacific Department, |e issuing body. |0 http://id.loc.gov/authorities/names/no97006778 | |
| 758 | |i has work: |a Resolving China corporate debt problem (Text) |1 https://id.oclc.org/worldcat/entity/E39PCG8kTVcKwx3JPYvmXRcxCP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Maliszewski, Wojciech. |t Resolving China's Corporate Debt Problem. |d Washington, D.C. : International Monetary Fund,2016 |z 9781475545289 |
| 830 | 0 | |a IMF working paper ; |v WP/16/203. |0 http://id.loc.gov/authorities/names/no89010263 | |
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| author | Maliszewski, Wojciech Arslanalp, Serkan, 1976- Caparusso, John Garrido, José María Guo, Si Kang, Joong Shik Lam, W. Raphael Law, Tak Yan Daniel Liao, Wei (Wei Carol), 1979- Rendak, Nadia Wingender, Philippe Yu, Jiangyan Zhang, Longmei, 1984- |
| author_GND | http://id.loc.gov/authorities/names/no2003129232 http://id.loc.gov/authorities/names/no2003006553 http://id.loc.gov/authorities/names/no2016128469 http://id.loc.gov/authorities/names/no2004085780 http://id.loc.gov/authorities/names/no2015102342 http://id.loc.gov/authorities/names/no2006118871 http://id.loc.gov/authorities/names/no2015087436 http://id.loc.gov/authorities/names/no2014070488 http://id.loc.gov/authorities/names/no2006020904 http://id.loc.gov/authorities/names/no2013104160 http://id.loc.gov/authorities/names/no2010137440 http://id.loc.gov/authorities/names/no2014041462 |
| author_facet | Maliszewski, Wojciech Arslanalp, Serkan, 1976- Caparusso, John Garrido, José María Guo, Si Kang, Joong Shik Lam, W. Raphael Law, Tak Yan Daniel Liao, Wei (Wei Carol), 1979- Rendak, Nadia Wingender, Philippe Yu, Jiangyan Zhang, Longmei, 1984- |
| author_role | aut aut aut aut aut aut aut aut aut aut aut aut aut |
| author_sort | Maliszewski, Wojciech |
| author_variant | w m wm s a sa j c jc j m g jm jmg s g sg j s k js jsk w r l wr wrl t y d l tyd tydl w l wl n r nr p w pw j y jy l z lz |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3881 |
| callnumber-raw | HG3881.5.I58 W67 No. 16/203eb |
| callnumber-search | HG3881.5.I58 W67 No. 16/203eb |
| callnumber-sort | HG 43881.5 I58 W67 NO 216 3203EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBU |
| contents | 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. |
| ctrlnum | (OCoLC)962412906 |
| dewey-full | 658.1526 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.1526 |
| dewey-search | 658.1526 |
| dewey-sort | 3658.1526 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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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 financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Online resource; title from pdf title page (IMF.org Web site, viewed November 16, 2016).</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover; Contents; I. Introduction; II. 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| geographic | China fast https://id.oclc.org/worldcat/entity/E39PBJdCqh8h6hJY7PT6MQW4bd |
| geographic_facet | China |
| id | ZDB-4-EBU-ocn962412906 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:25Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n81052755 http://id.loc.gov/authorities/names/no97006778 |
| isbn | 9781475545289 1475545282 147554538X 9781475545388 |
| issn | 1018-5941 ; |
| language | English |
| oclc_num | 962412906 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (43 pages) : color illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper, |
| spelling | Maliszewski, Wojciech, author, (IMF staff) http://id.loc.gov/authorities/names/no2003129232 Resolving China corporate debt problem / prepared by Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, José Garrido, Si Guo, Joong Shik Kang, W. Raphael Lam, T. Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, and Longmei Zhang. [Washington, D.C.] : International Monetary Fund, [2016] ©2016 1 online resource (43 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper, 1018-5941 ; WP/16/203 Print version record. "October 2016." At head of title: International Monetary Fund, Asia and Pacific Department. Includes bibliographical references (pages 39-40). 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 financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain. Online resource; title from pdf title page (IMF.org Web site, viewed November 16, 2016). 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. Corporate debt China. Credit China. Financial risk management China. Sociétés Dettes Chine. Crédit Chine. Finances Gestion du risque Chine. Corporate debt fast Credit fast Financial risk management fast China fast https://id.oclc.org/worldcat/entity/E39PBJdCqh8h6hJY7PT6MQW4bd Arslanalp, Serkan, 1976- author, (IMF staff) https://id.oclc.org/worldcat/entity/E39PCjM8mWWqXW87jkHP6C47RC http://id.loc.gov/authorities/names/no2003006553 Caparusso, John, author, (IMF staff) http://id.loc.gov/authorities/names/no2016128469 Garrido, José María, author, (IMF staff) http://id.loc.gov/authorities/names/no2004085780 Guo, Si, author, (IMF staff) http://id.loc.gov/authorities/names/no2015102342 Kang, Joong Shik, author, (IMF staff) http://id.loc.gov/authorities/names/no2006118871 Lam, W. Raphael, author, (IMF staff) Law, Tak Yan Daniel, author, (IMF staff) http://id.loc.gov/authorities/names/no2015087436 Liao, Wei (Wei Carol), 1979- author, (IMF staff) https://id.oclc.org/worldcat/entity/E39PCjvkxMBK7c8ft47QK4ymkC http://id.loc.gov/authorities/names/no2014070488 Rendak, Nadia, author, (IMF staff) http://id.loc.gov/authorities/names/no2006020904 Wingender, Philippe, author, (IMF staff) http://id.loc.gov/authorities/names/no2013104160 Yu, Jiangyan, author, (IMF staff) http://id.loc.gov/authorities/names/no2010137440 Zhang, Longmei, 1984- author, (IMF staff) https://id.oclc.org/worldcat/entity/E39PCjKMMjxR94GBW7XTtfmMrq http://id.loc.gov/authorities/names/no2014041462 International Monetary Fund, publisher. http://id.loc.gov/authorities/names/n81052755 International Monetary Fund. Asia and Pacific Department, issuing body. http://id.loc.gov/authorities/names/no97006778 has work: Resolving China corporate debt problem (Text) https://id.oclc.org/worldcat/entity/E39PCG8kTVcKwx3JPYvmXRcxCP https://id.oclc.org/worldcat/ontology/hasWork Print version: Maliszewski, Wojciech. Resolving China's Corporate Debt Problem. Washington, D.C. : International Monetary Fund,2016 9781475545289 IMF working paper ; WP/16/203. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1428970 Volltext |
| spellingShingle | Maliszewski, Wojciech Arslanalp, Serkan, 1976- Caparusso, John Garrido, José María Guo, Si Kang, Joong Shik Lam, W. Raphael Law, Tak Yan Daniel Liao, Wei (Wei Carol), 1979- Rendak, Nadia Wingender, Philippe Yu, Jiangyan Zhang, Longmei, 1984- Resolving China corporate debt problem / IMF working paper ; 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. Corporate debt China. Credit China. Financial risk management China. Sociétés Dettes Chine. Crédit Chine. Finances Gestion du risque Chine. Corporate debt fast Credit fast Financial risk management fast |
| title | Resolving China corporate debt problem / |
| title_auth | Resolving China corporate debt problem / |
| title_exact_search | Resolving China corporate debt problem / |
| title_full | Resolving China corporate debt problem / prepared by Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, José Garrido, Si Guo, Joong Shik Kang, W. Raphael Lam, T. Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, and Longmei Zhang. |
| title_fullStr | Resolving China corporate debt problem / prepared by Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, José Garrido, Si Guo, Joong Shik Kang, W. Raphael Lam, T. Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, and Longmei Zhang. |
| title_full_unstemmed | Resolving China corporate debt problem / prepared by Wojciech Maliszewski, Serkan Arslanalp, John Caparusso, José Garrido, Si Guo, Joong Shik Kang, W. Raphael Lam, T. Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, and Longmei Zhang. |
| title_short | Resolving China corporate debt problem / |
| title_sort | resolving china corporate debt problem |
| topic | Corporate debt China. Credit China. Financial risk management China. Sociétés Dettes Chine. Crédit Chine. Finances Gestion du risque Chine. Corporate debt fast Credit fast Financial risk management fast |
| topic_facet | 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 |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1428970 |
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