Yin Yong, stellvertretender Bürgermeister von Peking, spricht während des 9 Caixin Gipfel in Peking, China, 19. November 2018. Die Pekinger Stadtregierung ist rein
Yin Yong, Beijing's deputy mayor, speaks during the 9th Caixin Summit in Beijing, China, 19 November 2018. The Beijing municipal government is reinforcing efforts to bail out cash-strapped private companies mired in the country's ongoing pledged-share crisis, Beijing's deputy mayor in charge of finance said Monday at the 9th Caixin Summit. The high-tech industry in Beijing faces systematic financial risks because many private companies and their major shareholders, who previously pledged shares as loan collateral, have seen the prospect of losing control of their companies. "There are more than 300 listed companies in Beijing, and over half of them are private companies. Most of the private companies have engaged in this kind of financing, " said Yin Yong, who was deputy governor of the country's central bank before being appointed Beijing¯s deputy mayor in January.
