invited the chairman of Academic Committee

Cheap Hurricanes Jerseys the original title: total local government debt 6 years increased 3 times an implicit government guarantee will last

risk of local government financing platform, currently as one of the three most serious risk of domestic financial system. In recent years, Cheap Thrashers Jerseys the local government financing platform, the rapid growth of local debt. For example, from late 2007 to 2013, the local debt from 5 yuan rose to nearly 18 yuan. That is to say, in a short span of 6 years, total local government debt increased more than 3 times, especially in the past one or two years to grow faster. If not effectively curbed, the local government debt crisis is inevitable

5 months of Shanghai and some hot, hotter than the weather at the Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF) in the auditorium hosted the first international credit research Cheap Leafs Jerseys conference atmosphere. Here, from the America, Europe, Singapore and Hongkong Chinese scholars share 6 research papers, 149 papers and 6 papers presented by 12 international well-known financial expert jury from the global credit market research in the selection and.

SAIF executive director Zhang Chun: "2014 is a milepost significance Chinese credit market development in the year. Breaking the credit debt zero default phenomenon, represents the China credit debt market risk status has undergone a fundamental change, Chinese credit risk prevention and management is facing major challenges."

in fact, along with the rapid development China economic system reform, the market mechanism and perfect and capital market, credit evaluation system and method of the current has been difficult to meet the needs of the development of economic reform. Therefore, China urgent with international market experience, in-depth study of the credit market. Therefore, one of the global three big rating agencies Moodie founded the Academic Advisory Committee in Chinese, invited the chairman of Academic Committee, Dean SAIF Wang Jiang, executive dean Zhang Chun and the Shanghai Jiao Tong University China Finance Research Institute Vice President Yan Hong as a consultant, on the development of Chinese credit market cooperation and academic research. "Moodie Academic Advisory Committee have similar academic advisory committee in New York, london." Moodie structure financing department director general manager Hu Jian in an "International Finance News" reporter the interview said, "at Cheap Red Wings Jerseys present, China credit market development has reached a certain scale, however, relative academic research is still at the primary stage. We hope that the international experience and China investors share."

super Lehman brothers debt is not

3 month 4 days, *ST ultradian undergone the most ups and downs of the day, all the talk about payment program, in the morning that day cease abruptly, all the efforts before cast to waste. That night, "11 ultradian debt" unable to pay the 89800000 debt, declared in default, become China's bond market Cheap Kings Jerseys first default case.

Finance at

in University of Hawaii associate professor Ai Jing heard the news surprised, but there is a sense of excitement and anticipation. In her view: "China finally have the first credit default, this is a good news, the market is a positive impact." Like Ai Jing, Zhang Chun.