2023
Oct 19
Video
惠誉聚焦中国 - 中国城投企业加快转型步伐,或影响其独立信用状况
许多中国地方政府投融资平台(城投企业)正越来越多地参与提振地方经济,尤其是在经济发达地区。这些城投企业逐步由地方基础设施建设融资平台转型为地方产业投资平台。城投企业加快转型步伐,通过将公益项目与相关且具盈利能力的商业化项目结合来避免新增隐性债务。在调整后的运营模式下,政府支持将较为间接且不具约束力。不过,如果企业的经营性现金流低于预期,地方政府或仍有动力向其提供特别支持。这种转变可能对企业的信用状况产生影响,不过实际影响或因个体而异。
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