Wuhan Metro Renewable Debt Risk And Prevention Research

In recent years,the state increased increased the macroeconomic regulation and control policy to the enterprise financing,corporate financing behavior of the government's strong support,therefore the bond market has been developing rapidly in China,also more innovation keeps emerging varieties,to a certain extent,to broaden the financing channels,and alleviate the pressure enterprise funds.The research emphasis of this paper is based on the domestic and foreign research related to renewable debt in recent years,countries increased to enterprise's financing increased the macroeconomic regulation and control policy,the enterprise financing behavior of the government's strong support,therefore the bond market has been developing rapidly in China,also more innovation keeps emerging varieties,to a certain extent,to broaden the financing channels,and alleviate the pressure enterprise funds.From wuhan metro group co.,LTD.In October 2013,issued the first only renewable bonds,created a precedent of renewable bonds in our country,after the 2014 China national development and reform commission also proposed to promote "renewable bonds" pilot,for some major infrastructure projects,will further expand the scale of renewable bonds issue,satisfy the subways and inter-city rail transit operation cycle such as large investment,long a major infrastructure projects of capital demand,encourage guide the folk capital to participate in infrastructure construction.Visible large renewable debt will have entered our country securities market.Because of lack of maturity can be renewed debt itself,the enterprise only pay interest each year,without changing the principal,there may be some risk of default payment,so for the development of the domestic debt can be renewed and the resulting risk also nots allow to ignore,can recognize renewed debt risk and for effective prevention is particularly important.Therefore,this article mainly discusses from five parts:the first part,the introduction part,mainly discussed in this paper,the research background and significance,research status at home and abroad and the research contents and research methods;The second part,sustainable debt and risk prevention of related theory,the characteristics of renewable debt and renewable debt product categories;The third part is mainly of wuhan metro 13 renewable debt that only the first only renewable evaluation,including the analysis of its background and operation status,and as a basis for domestic researches in renewable debt risks;The fourth part,through the internal and external development of wuhan metro can be renewed debt risk causes were analyzed,and the wuhan metro can be renewed risk prevention countermeasures;The fifth part,through the above research,respectively from the renewable debt risk prevention principle,prevention strategy,the paper discusses the implementation of the measures;The sixth part.conclusion.Based on the further study of wuhan metro sustainable debt risk causes,on the basis of sustainable of wuhan metro debt risk prevention proposal is put forward,it will help the development of wuhan metro in China and even in China rail transit industry has the vital significance.