针对市场颇为关注的地方融资平台风险，权威人士日前对中国证券报记者表示，目前地方融资平台风险可控，不会引发系统性风险。虽然据相关媒体报道，监管机构日前下发一份关于地方政府融资平台贷款风险监管的指导意见，但“银监会对于融资平台的监管思路没有变化，与2012年相比，并没有进一步收紧融资平台。”权威人士称。

In view of the market concerned local financing platform risk,Authority has to the China securities journal reporter said,The local financing platform risk controllable,Will not trigger a systemic risk.Although according to relevant media reports,Regulators recently issued a report on local government financing platform loans risk regulatory guidelines,but"Banking regulatory commission (CBRC) for the financing platform supervision train of thought did not change,Compared with 2012,No further tightening financing platform."Authorities say.

　　他透露，目前地方融资平台中现金“全覆盖”和“基本覆盖”类融资平台贷款余额达9.1万亿元，占比接近98%。2012年全年到期平台贷款1.9万亿元，已按期偿还1.65万亿元，按时偿还率达86.72%。相信今年地方融资平台不会出现大面积违约现象。

He said,Cash in the local financing platform"For the whole"and"Basic coverage"Type of financing platform loan balance of 9.1 trillion yuan,Accounted for close to 98%.The maturing platform loans totaled 1.9 trillion yuan in 2012,Duly repay $1.65 trillion,Repayment rate up to 86.72% on time.Believe that local financing platform this year won't appear large defaults.

　　平台贷风险可控 Platform for credit risk control

　　银监会主席尚福林此前表示，截至2012年末，地方融资平台贷款余额9.3万亿元，两年来增幅不超过2%。

The China banking regulatory commission chairman shang fulin said earlier,By the end of 2012,Local financing platform loan balance of 9.3 trillion yuan,No more than 2% over the past two years.

　　上述权威人士透露，这其中担保贷款占比达77.81%。经过多年发展，目前地方融资平台中形成大批优质资产，项目自身现金流充足。银监会统计数据显示，现金“全覆盖”和“基本覆盖”类融资平台贷款余额9.1万亿元，占比接近98%。目前地方融资平台风险可控，不会引发系统性风险。

According to the insider,Which guaranteed loans accounted for 77.81%.After years of development,The local financing platform for the formation of a large number of high-quality assets,Project cash flow itself.Banking regulatory commission (CBRC) statistics show,cash"For the whole"and"Basic coverage"Type of financing platform loan balance of 9.1 trillion yuan,Accounted for close to 98%.The local financing platform risk controllable,Will not trigger a systemic risk.

　　根据银监会现行规定，对地方融资平台风险划分的依据是借款人自身现金流占其应还本息比例，其中，“全覆盖”比例在100%及以上，借款人自身现金流充足；“基本覆盖”比例在70%-100%之间，有少部分依靠财政担保；“半覆盖”比例在30%-70%之间，部分依靠财政担保；“无覆盖”比例在30%以下，借款人自身有少量现金流，但大部分依靠财政担保。

Current rules according to the CBRC,The local financing platform risk division is based on the borrower's own cash flow accounts for the proportion of principal and interest should be also,Among them,"For the whole"At 100% and above,Borrowers own cash flow;"Basic coverage"Ratio between 70% and 100%,There are a few rely on the financial guarantee;"Half covered"Ratio between 30% and 70%,Part rely on the financial guarantee;"No cover"Percentage below 30%,Borrowers itself has a small amount of cash flow,But most rely on financial guarantee.

　　银监会相关负责人表示，今年将要求银行业继续执行“总量控制、分类管理、区别对待、逐步化解”政策，银行业金融机构各自控制总量，优化结构，在余额不增加的前提下，支持符合条件的地方政府融资平台和国家重点在建续建项目的合理融资需求。

The relevant person in charge of the China banking regulatory commission said,This year will require Banks to continue to perform"Total amount control/Classification management/To discriminate/Step by step to resolve"policy,Banking financial institutions in each control volume,Optimize the structure of,On the premise of balance is not increased,Support eligible local government financing platforms and in the extension project of national key construction of reasonable financing needs.

　　全口径监管 The oversight

　　防止风险转移隐匿 Prevent the risk transfer

　　银监会日前下发《中国银监会关于加强2013年地方政府融资平台贷款风险监管的指导意见(讨论稿)》。业内人士表示，从总体原则上看，银监会对融资平台的监管思路没有变化，与2012年相比，并没有进一步收紧融资平台。

Banking regulatory commission recently issued[In 2013 the China banking regulatory commission on strengthening local government financing platform loans risk regulatory guidelines(Discussion paper)].The personage inside course of study says,Look from the overall principle,CBRC regulation thinking no change of financing platform,Compared with 2012,No further tightening financing platform.

　　《指导意见》提出，各银行在年度信贷计划安排上不得新增融资平台贷款规模，融资平台贷款余额较2011年末不得增加；各银行应严格控制融资平台贷款占全部人民币贷款的比重，确保该占比不超过本行2012年末水平。

[Guidance on]Put forward,Banks on the annual credit plans may not be new lending financing platform,Financing platform may not increase loan balance is at the end of 2011;Banks should strictly control the proportion of loans of all RMB loan financing platform,Ensure that the proportion is less than the bank at the end of 2012.

　　虽然监管机构对融资平台进行总量控制，但有迹象显示，在地方政府强烈的融资冲动下，目前平台公司的融资方式花样翻新，试图绕开监管。

Although regulator to control the total financing platform,But there are signs,Under the strong impulse financing of local government,The retrofit of financing platform company methods at present,Trying to circumvent regulatory.

　　中国证券报记者了解到，目前存在利用已经退出银监会监管名单里面的地方融资平台作为管道，或是通过不属于政府下属机构的单位来为项目担保增信。更令人担心的是，现在地方开始整合、改造老平台成立新平台增加授信融资，比如某地方平台项目此前已经实现100多亿的融资授信，但之后又与多家银行达成未来5年上千亿的融资意向。

The China securities journal reporter understands,Used at present has withdrawn from the CBRC regulation list the local financing platform for pipe inside,Or not to belong to the government agency of the unit to help credit guarantee to the project.What is more worrying,Now began to integration/Retrofit old platform set up a new platform to increase credit financing,Such as a local platform project already had more than $100 of credit financing,But then in the next five years with several Banks hundreds of billions of financing intention.

　　中银国际宏观分析师叶丙南表示，去年下半年集中批复的基建项目需要融资，那些靠借债还债的项目需要融资，未来新型城镇化建设更需要大量融资。

Boc international macro Ye Bingna analysts said,In the second half of last year focused approval of infrastructure projects need financing,The project needs to finance by borrowing money to pay his debts,The new urbanization construction needs a large number of financing more in the future.

　　接近监管层的人士表示，银监会对此已经有所警觉。目前已经开始加强贷款和非贷款融资的全口径风险监测，防止平台公司风险转移和隐匿。

Close to the regulators said,CBRC has alarmed.Has now started to strengthen the whole loan and loan financing caliber risk monitoring,To prevent risk transfer platform company and hidden.