Build shantytowns in Guangdong provincial finance platform | | shantytown financing platforms _ news

Xinhuanet, Guangzhou, July 27 (reporter Wang Kailei)-Guangdong provincial Department of finance in an interview, said that Guangdong is currently gearing up to promote slum redevelopment financing platforms established at the provincial level.

According to reports, shanty, Guangdong Province, provincial funding vehicles will be "Government guidance and market-oriented operation" pattern formation, the initial programme is guided by a provincial finance a portion of the capital by provincial authorities negotiated a qualifying enterprise, organization background the financing platform companies, operate as independent market entities.

"This platform does not mean that the Government financing platforms, the Guangdong Provincial Government, the provincial financial commitment to the secured debt of the platform. "The Guangdong provincial Department of finance official said that current programmes will not only ensure compliance according to law, and has the strength and experience of enterprise financing platform companies, and advantages in terms of controlling risk and improve efficiency.

The official also said that shanty sources of funds is multi-faceted, in addition to financial assistance fund and the enterprise at all levels, personal funds, financing channels, including local government debt, financing, credit, financing platform for business and so on.

By early this year, the Guangdong Provincial Government on speeding up implementation of slum redevelopment work, Guangdong slum targets 2014-2017 to 138,000 households. Urban shantytowns around 74,000 households, of which State-owned industrial and mining shanty is about 46,000 homes and renovate dangerous overseas Chinese farm of about 18,000 households.

(Edit: SN123)
July 27, 2014, at 15:26 Xinhua NET