2. The influence of government macro-control measures.
3. Enterprise system. Reasonably set the level of asset-liability ratio and asset-liability structure. State-owned enterprises should comprehensively consider market prospects, capital costs, profitability, asset liquidity and other factors according to the corresponding asset-liability ratio warning line and key supervision line.
Legal basis: Article 3 of the Guiding Opinions on Strengthening the Asset-liability Constraint of State-owned Enterprises improves the self-restraint mechanism of asset-liability of state-owned enterprises;
(1) Reasonably set the asset-liability ratio level and asset-liability structure. State-owned enterprises should strengthen capital structure planning and management according to the corresponding asset-liability ratio warning line and key supervision line, comprehensively consider market prospects, capital cost, profitability, asset liquidity and other factors, reasonably set the asset-liability ratio and asset-liability structure of enterprises, and maintain financial stability and competitiveness.
(2) Strengthen the daily management of asset-liability constraints. The management of state-owned enterprises shall faithfully and diligently perform their duties, prudently carry out business activities such as debt financing, investment, expenditure and external guarantee, prevent excessive accumulation of interest-bearing liabilities and contingent liabilities, and ensure that the asset-liability ratio remains at a reasonable level. In the proposal of the annual board of directors or shareholders (shareholders' meeting), it is necessary to make a special explanation on the status of assets and liabilities and future assets and liabilities plans, and submit them to the board of directors or shareholders (shareholders' meeting) for consideration in accordance with the standardized corporate governance procedures. When an enterprise may or has been in financial difficulties, it shall timely inform the relevant creditors of the relevant situation, negotiate with the relevant creditors in accordance with the law and regulations, and handle the relevant debts in a classified and safe manner.
(3) Strengthen the constraints of state-owned enterprise group companies on the assets and liabilities of their subsidiaries. State-owned enterprise group companies should reasonably determine the asset-liability ratio level of subsidiaries according to the requirements of the industry in which subsidiaries are located and the asset-liability ratio control indicators of state-owned enterprises, and incorporate the asset-liability constraints of subsidiaries into the assessment system of group companies to ensure strict implementation of subsidiaries. State-owned enterprise group companies should further strengthen the asset, financial and business independence of their subsidiaries, and reduce the risk contagion between parent companies and subsidiaries.
(4) Enhance the ability of endogenous capital accumulation. State-owned enterprises should firmly establish new development concepts, focus on improving development quality and efficiency, focus on improving management level, further clarify and focus on slimming and strengthening their main business, improve productivity through innovation-driven, enhance corporate profitability, improve corporate assets and return on capital, and provide sustainable endogenous capital for enterprise development.