SOEs stress financial risk control

Country highlights deleveraging and capital structure optimization

BEIJING - Lowering the leverage ratio of State-owned enterprises, which are responsible for more than half of corporate debt, will put China into the fast lane of preventing systemic financial risks.

SOEs will take the lead in controlling debt level and containing the leverage ratio, and further accelerate the clearing of "zombie enterprises," the Xinhua-run Economic Information Daily reported, citing a source with the State-owned Assets Supervision and Administration Commission.