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Office of the state the stock of government debt bonds form non government’s classification – Beijin cad2012序列号和密钥

Office of the state: the stock of government debt bonds form non government’s classification of new network new network in November – in 14, according to GOV.cn news, the general office of the State Council recently issued the "local government debt risk emergency plan", "plan", the local government bonds, local government shall bear the responsibility to repay all. The stock of government debt in the form of non government bonds can be classified in accordance with the relevant provisions. "Plan" put forward, the local government bonds, local governments assume full responsibility for repayment. The stock of government debt to non government bonds, by the local government, enterprises and institutions and other creditors, the debtor agree, according to "classification of People’s Republic of China contract law" and other relevant provisions of article eighty-fourth: creditors agree to replacement for government bonds within the prescribed period, the local government shall not refuse to transfer relevant obligations, and should bear all the responsibility to repay. The local government should through budgetary arrangements, disposal of assets and other ways to actively raise funds to repay government debts. If the creditor does not agree to replace the government bonds within the prescribed time limit, the original debtor shall bear the liability for debt repayment according to law. Local government as a contributor, within the scope of the limited liability. Plan, said the stock of debt is not guaranteed government debt. According to the "People’s Republic of China security law" and the judicial interpretation of the provisions, in addition to foreign governments and international economic organizations loans, guarantee contracts issued by local governments and their departments is invalid, the local government and its departments do not assume responsibility for the debt, only appropriate shall bear civil liability for compensation, but should not exceed the maximum debtor is unable to repay part of the 1/2 guarantees; the debtor is unable to repay part of the amount is less than 1/2, shall be limited to the amount of guarantee. The specific amount shall be determined by the local government, creditors and debtors in consultation with the government’s commitment to guarantee the amount of financial capacity. "Plan" referred to, the stock of debt relief is not the same as government debt. The stock of government may bear some responsibility for relief or debt, local government bailout can according to the specific circumstances, but retain the right of recourse to the debtor.相关的主题文章: