The government provided a
bailout to the struggling auto industry.
政府为陷入困境的汽车工业提供了救助。
The bank received a multi-billion dollar
bailout from the federal reserve.
该银行从联邦储备获得了数十亿美元的救助。
The airline sought a
bailout due to financial losses caused by the pandemic.
由于疫情造成的财务损失，这家航空公司寻求政府援助。
Without the
bailout, many small businesses would have gone bankrupt.
若没有救助，许多小企业可能已经破产。
Critics argue that the
bailout was a form of corporate welfare.
批评者认为这次救助是一种对企业界的福利补贴。
The company promised to restructure after receiving the
bailout funds.
在获得救助资金后，该公司承诺进行重组。
The
bailout package includes provisions for job retention and debt relief.
救助方案包括保留工作岗位和减免债务的条款。
The bank's shareholders were not happy about the terms of the
bailout.
银行股东对救助协议的条件并不满意。
The decision to offer a
bailout was met with both applause and controversy.
提供救助的决定引起了人们的掌声与争议。
The airline announced it would return the
bailout money once it became profitable again.
该航空公司宣布一旦重新实现盈利，就会归还救助金。
Trading in the shares of Hong Kong-listed China Huarong Asset Management Co, a manager of distressed assets, resumed on Wednesday after a nine-month suspension due to delay in publishing its earnings report, which was followed by a State-backed bailout.
在香港上市的中国华融资产管理公司（China Huarong Asset Management Co）的股票周三恢复交易，该公司是不良资产的管理公司，因推迟发布盈利报告而停牌九个月，随后又推出了国家支持的救助计划。
Cancellation of the stock-purchase agreement is separate from SoftBank's earlier $5 billion bailout of WeWork.
When the IPO was shelved, it then assembled a bailout of the company.
But WeWork withdrew its planned IPO in October, and SoftBank assembled a $9.5 billion bailout of the company.
But WeWork pulled its IPO, and in October, SoftBank assembled a $9.5 billion bailout of the company.
As Greece exited its eight-year bailout last summer, the Piraeus port shined with rising throughput and revenues.
China Insurance Security Fund, a national insurance bailout fund, has injected 60.8 billion yuan ($9.66 billion) of capital into Anbang Insurance Group, according to a statement from the China Banking and Insurance Regulatory Commission released Wednesday.
Seven years into the debt crisis and bailout programs, PPC faced accumulating overdue bills and creditors' demands to open up the market to competition and sell assets.
Currently PPC has an almost 90 percent share of Greece's retail market which needs to be reduced by 40 percent under bailout commitments.
In the short run, the probability that the SVB collapse will trigger a large-scale crisis of small and medium-sized US banks has decreased as the US government decided on a bailout of the bank.
"He added that this is also why the government has launched supportive and bailout policies to relieve the burden on private enterprises in recent years.
Local governments are also expected to arrange special bailout funds for micro, small and medium-sized enterprises, and provide subsidies for rents, loan interest and other factors to outfits experiencing operating difficulties, the document said.
Local governments are also expected to arrange special bailout funds for micro, small and medium-sized enterprises, and provide subsidies for rent, loan interest and other aspects to those with operational difficulties, the document added.
Local governments should also arrange special bailout funds for small, medium-sized and micro enterprises, and provide subsidies for rent, loan interest and other aspects for those facing operational difficulties, the document added.
However, policy support for economic rebound will diminish, as China will gradually withdraw various unconventional bailout policies this year.
Beijing has strengthened fiscal actions to hedge against downside risks after the COVID-19 outbreak and conducted large-scale bailout measures to support enterprises.
"To deal with uncertainties, for example, the special direct fiscal transfers to local governments, a new mechanism launched this year to ensure fiscal and bailout funds can be directly received by primary-level government departments and entities, could be extended through next year and explicitly targeted to increase social spending and/or green investment by local governments, said the World Bank report.
"The special direct fiscal transfers to local governments, a new mechanism launched this year to ensure fiscal and bailout funds can be directly received by primary-level government departments and entities, could be extended through next year and explicitly targeted to increased social spending and/or green investment by local governments, the World Bank said.
Some people have underlined immediate bailout measures; while others worry that extravagant policies might cause the housing market to overheat in some cities.
Li said the latest policies should not be regarded as a bailout for failed or weak companies but as efforts to promote the transition of property development to a mode based on risk control and stability.
He was referring to the 2008 government bailout that saved the auto giant from bankruptcy.
Any debt risk can be shared fairly among debtors and creditors, and the principle of "no bailout from the central government" should be strictly adhered to.
Any debt risks will be fairly shared among debtors and creditors, and the principle of "no bailout from the central government "will be strictly adhered to, the ministry said.
According to a recent calculation by several professors in the US, due to the government bailout during the crisis, bank deposits grew rapidly, but the amount of deposits not protected by mandated protections increased by 41 percent compared with the end of 2019.
Any debt risks would be fairly shared among debtors and creditors, and the principle of "no bailout from the central government "will be strictly adhered to, the ministry said.
The company said it also deeply participated in the local government-led regional bailout and risk mitigation of large real estate groups, promoted the resumption of work and production of troubled real estate enterprises, and assisted in mergers and acquisitions of high-quality real estate enterprises.
Together with provincial platform companies in Henan province, China Cinda set up a bailout fund consisting of 10 billion yuan and participated in the bailout of local key real estate enterprises.
But a full government bailout also raised concerns over the issue of moral hazard.
Any debt risks would be fairly shared among debtors and creditors, and the principle of "no bailout from the central government" will be strictly adhered to.
Focus is on managing risk so as not to lean on regulators, government aidChina's newly established financial stability fund, its deposit insurance fund and other industry security funds shall not be used as the go-to bailout option while the country is dealing with financial risks, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission.
China Construction Bank, another large State-owned commercial lender, said it will focus on priority areas of the economy, adopt precise measures, strictly implement bailout policies, expand effective investment and take multiple measures to stabilize trade and foreign investment.
"The majority of businesses will recover from the COVID-19 pandemic with the help of bailout policies.
- The Export-Import Bank of China (China EximBank) released over 76.3 billion yuan (about $11.85 billion) of special bailout funds to companies last year.
Meanwhile, local governments and financial institutions have forced the central government and the central bank to undertake the high costs of bailout programs, on the ground of ensuring social stability.
New credit assurance mechanism to help reduce bond defaults of enterprisesChina has established a bailout fund with a fundraising target of 100 billion yuan ($14.24 billion) to support centrally administered State-owned enterprises short on cash in order to avoid possible bond defaults, said the country's top State-assets regulator.
Officials from some local governments told China Daily that they are planning to use a part of the funds raised by special local government bonds to replenish the capital of small and medium-sized local banks, a bailout measure to save them from tight financial conditions.
As the efforts bear fruit, this year's bailout policy package－with tax and fee cuts and measures to boost financing to business at the core－is expected to be effective in easing the burden of hard-hit enterprises, said Yang.
"Expanding financing to businesses is key to help them overcome the cash flow pressures due to the COVID-19 disruption, acting as one of the backbones in this year's bailout policies," said Yang Chengzhang, a national political adviser and chief economist with Shenwan Hongyuan Securities.
"Money raised through the nation's special treasury bonds can be used to set up bailout funds that can inject new working capital into enterprises and keep workers employed as cash flows dry up.
US media reported on Wednesday (China time) that the White House and the Senate－it is the upper house of the Congress, the country's bicameral parliament－agreed a preliminary plan for an almost $2 trillion fiscal stimulus package, the biggest congressional bailout in US history, including aggressive government spending, loans and aid for small businesses and deferrals of taxes, to bolster economy amid the epidemic.
He also urged financial institutions to better use the special re-lending and rediscounting measures, to guarantee essential supplies for epidemic control work and support bailout of enterprises.
The regulator has basically completed the disposal of Anbang's noncore financial businesses including Century Securities Co, AB Leasing Co, and Hexie Health Insurance Co. China Insurance Security Fund Co, a nonprofit State-owned company operating the insurance industry's bailout fund, played a key role in the regulator's two-year takeover of Anbang by injecting capital into the troubled insurer, sending people to clear up its problems, restructuring the company and selling off its assets, Wang said.
The new rules require large financial groups to meet a certain level of capital adequacy, further strengthen their risk management and establish explicit obligation to render bailout for their subsidiaries, according to Hong.
A large number of them failed in the late 1980s, requiring a government bailout that cost 2 percent of GDP.
The central government will not provide any bailout for local debt defaults, he said.
Zhang said that high leverage risks in the SOEs and local governments were due to the outdated system, including soft budget constraint and debt bailout from the central government.
The bailout fund, if the financial institutions fail, could be collected by themselves or through market-oriented financial channels.
To help private companies, local governments are raising bailout funds, preparing for rescuing large private companies when necessary, according to some officials familiar with the matter.
A bailout fund of 10 billion yuan will be established for listed privately owned enterprises, especially those that are in line with the optimization and upgrading of the economic structure and with good prospects in terms of market orientation and adherence to laws.
A scale of 10 billion yuan will be established as bailout fund for listed private enterprises, especially those that are in line with the optimization and upgrading of the economic structure and with good prospects in terms of market orientation and respecting laws.
"The announcement enabled investors to expect longterm arrangements to strengthen the A-share market's functions, rather than short-term market bailout measures," he said.
The central bank official said that some unprofessional bailout measures which came from the ineffective multilevel bureaucracy of the regulatory system, led to unexpected market expectation during the stock market turbulence in August 2015, and had an adverse impact on market liquidity and investor confidence.
The document of implementation opinions was released to further promote the implementation of Hainan's bailout policy for enterprises, reduce institutional transaction costs, boost the confidence of market entities and help them develop and accelerate the construction of a legalized, internationalized, and convenient business environment.
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