November 13, 2019 / 11:41 AM / 3 months ago

China lowers capital ratio requirement for some infrastructure projects

BEIJING, Nov 13 (Reuters) - China will lower the minimum capital ratio requirement for some infrastructure investment projects, state television CCTV said on Wednesday, citing a cabinet meeting chaired by premier Li Keqiang.

The mininum capital investment ratio for ports and shipping infrastructure projects will be lowered to 20% from 25%, while that for highways, railways, environmental protection and social services infrastructure projects can be decided on a case-to-case basis, with the decrease capped at 5%.

Typically, infrastructure projects are financed by both equity and debt, but they need to meet a minimum equity ratio requirement prior to leveraging up through borrowing. (Reporting by Beijing Monitoring Desk; Writing by Yawen Chen, editing by Louise Heavens)

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