Overcapacity frequently occurs in the hottest indu

Overcapacity occurs frequently in the industrial field, and many ministries and commissions will give a combined punch

the problem of overcapacity has always plagued the operation of China's industrial economy, but it has never attracted such attention as it is now. It is reported that many ministries and commissions of the state will improve the combination policies on eliminating excess capacity in the near future, such as strengthening the management of bank loan approval, implementing differential electricity prices, and limiting the total amount of energy consumption

in fact, since 2013, the energy sector has been undergoing various reforms, including the cancellation of key coal contracts, the improvement of the price adjustment mechanism for refined oil, and the reform of the natural gas pricing mechanism. Yesterday (July 9), under the condition of fixed power, Youye has an inverse relationship with the engine speed. Experts told the daily classic that it is currently in a stage of how to accept and dare to use it by users that this series of reform measures will actually affect industries with high energy consumption and high requirements for the fixtures of experimental machines, so as to achieve the purpose of eliminating excess capacity

energy reform forced the elimination of production capacity

recently, it was reported that the "overall plan to resolve the contradiction of overcapacity" jointly studied by the national development and Reform Commission and the Ministry of industry and information technology will be promulgated this month

the daily economy notes that the direction of improving the portfolio policies of relevant ministries and commissions is inseparable from the energy sector. On the one hand, it is to continue to deepen the price reform of resource products and straighten out the price relationship of resource products such as coal, electricity, oil, gas, water and mining; On the other hand, we will speed up the research and establishment of the total energy consumption control target, and decompose and implement the mechanism to the local government

since this year, the reform in the field of energy has involved coal, oil, gas and other aspects. In March, the national development and Reform Commission shortened the price adjustment cycle in the domestic refined oil pricing mechanism to 10 working days, and removed the range limit of up and down 4%. In the field of coal, major reforms have been implemented since the beginning of this year, such as the cancellation of key coal contracts and the improvement of the coal electricity linkage mechanism, and the marketization of coal has gone further

as for how the policy adjustment in the energy field affects the excess capacity, Jiang Kejun, a researcher at the energy system analysis and research center of the Energy Research Institute of the national development and Reform Commission, said that the elimination of capacity in key industries by the energy reform can be said to take advantage of the upstream energy supply of high energy consuming industries, which can directly control the capacity construction in the industry

credit tightening forces enterprises to take action

if we say that the role of the reform in the energy sector in industries with overcapacity is limited to leveraging strength, and strengthening the financial credit management of these enterprises is really related to the fate of enterprises

it is reported that the relevant state departments will implement strict financial policies to curb overcapacity. In the next stage, the central bank and the CBRC will give more prominence to financial support for energy conservation and emission reduction and the elimination of backward production capacity. Yin Zhongli, a researcher at the Institute of finance of the Academy of Social Sciences, told that bank loans would be controlled in some industries with overcapacity

financial restrictions at the national level have been introduced. On July 5, the State Council issued the guiding opinions on financial support for economic restructuring, transformation and upgrading, in which the financial management of industries with overcapacity was defined in detail and treated differently

not only treat enterprises in the industry differently, the guidance also clearly requires that enterprises that eliminate backward production capacity should support production reduction and delisting through asset preservation, transfer of non-performing loans, write off of loan losses, etc. It is strictly prohibited to provide any form of new credit and direct financing for illegal construction projects in industries with serious overcapacity, so as to prevent the intensification of blind investment. If not, it will lead to unstable overcapacity of pilot flow

after the release of the golden ten articles, the role of the financial industry in eliminating industries with excess capacity has become increasingly prominent. It is reported that in the future, various banking financial institutions will conduct a comprehensive and in-depth investigation on the credit and financing of energy conservation and emission reduction projects and the elimination of backward production capacity projects in their jurisdictions. According to media reports, the central bank and the China Banking Regulatory Commission will strictly examine the financing applications of high energy consuming and high emission enterprises, and reasonably collect the credit authority for overcapacity, backward production capacity and energy conservation and emission reduction control industries, especially for financing involving capacity expansion, the credit authority should be collected from the head office

at the same time, it is reported that in the combined policies of multiple ministries and commissions, no new credit support in any form will be provided for the illegal projects under construction that do not comply with the national energy conservation and emission reduction policies and regulations and the explicit national requirements to eliminate the backward production capacity

in this regard, some insiders pointed out that whether it is the combination policies issued by relevant ministries and commissions, or strengthening the financial credit management of industries with excess capacity, this series of reform measures are aimed at eliminating excess capacity