密集融资紧急纾困 1.7万亿铁路债谁来买单管理(国外英文资料).docVIP

密集融资紧急纾困 1.7万亿铁路债谁来买单管理 In February 23, 2011, the Ministry of Railways third 10 billion ultra short term financing bonds tender results announced, winning a total of 7 institutions, the interest rate is 3.92%, this is since the beginning of this year, the Ministry of Railways third similar bonds issued before the two issue, respectively in January 26th and February 14th, the circulation was 10 billion, the interest rate is 3.92%. Two days later, the British Reuters quoted a source as saying that the Ministry of Railways will issue 35 billion year - long short-term financing bills in March. 30 billion, for the Ministry of railways, nearly two trillion of the debt is not a big figure, but the issue of short-term bonds frequently, so that the outside world attention. Prior to this, the Ministry of Railways issued bonds generally 10-15 years of long-term bonds, short-term debt is relatively rare. I am not sure about the purpose of issuing bonds, but the short-term debt must be related to the flow of funds of the Ministry of railways. For the ability to repay the debt, the most important thing is to see whether the flow of funds is sufficient. Beijing Jiaotong University professor Zhao Jian said in an interview with die Zeit reporter, from the beginning of 2008, Zhao Jian of the Ministry of Railways has warned that the debt problem, focus on the construction of high-speed railway high cost may lead to financial crisis. On March 1st, Caixin announced that the director of transportation, deputy chief engineer of the Ministry of railways, Zhang Shuguang was formally suspended for review. Corruption cases broke out, causing the outside world to worry about the debt burden of the Ministry of railways. Many people believe that the high iron project profitability doubt, huge railway debt is likely to end up like at the disposal of the big four banks bad debt problems as by national finance to reveal. Iron debt come from? The funds raised by the current short-term financing bon