What Is Structured Debt?

On April 2, 2018, the Central Committee of Finance and Economics held its first meeting and proposed for the first time structural deleveraging to define the basic ideas for preparing for the battle against financial risks. It is necessary to take structural deleveraging as the basic idea, and put forward different requirements for each sector and type of debt. Local governments and enterprises, especially state-owned enterprises, should reduce their leverage as soon as possible, and strive to achieve a stable and gradual decline in macro leverage. ^[1]