In enterprise debt, IMF's report suggests that comprehensive measures can be taken to address enterprise debt issues.

(3)The recombination of debts shall be subject to the Accounting Standards for Enterprises No.

In case an enterprise merges another insolvent enterprise through assuming the liabilities of the latter, the merging party shall set down measures for restructuring, undertake the responsibility of repaying the debts and integrate the financial resources according to the merging plan.

The custody enterprise shall set down related schemes according to the agreement concerning custody, and reorganize the assets and liabilities of the custodian enterprise.

Poor s found that, a year later, these firms total debt amounted to 14.2 trillion, eclipsing the 13.1 trillion of outstanding debt in the United States and making China the world s largest issuer of corporate debt.

(2) organizing the implementation of such financial schemes as fund raising, investment, guarantee, donation, reorganization and profit distribution and so on, fulfilling the obligation of debt repayment of the enterprise faithfully

22. An environmental liability should be recognized when there is an obligation on the part of the enterprise to incur an environmental cost.

Where the business of the debtor continues to operate after commencement of insolvency proceedings, either incidental to an attempted reorganization or to preserve value by sale as a going concern, the expenses incurred in the operation of the business are typically entitled, under a number of insolvency laws, to be paid as administrative expenses.

In case an enterprise divides its whole assets, liabilities and businesses, it shall set down a dividing plan according to the principle of business or asset correlations.

The scope will usually be business to business services.

(b) Entrusting the administration or supervision of the debtor's business, which may include the power to use and dispose of assets in the ordinary course of business, to an insolvency representative or other person designated by the court

Article 63 An enterprise shall set up a financial pre alarm mechanism, define the alerting standards of financial crises by itself pay more attention to monitoring the adaptation between operational net cash flow and due debts and the adaptation between assets and liabilities of the enterprise communicate the information on the pre alarm of financial crisis in time, and put forward the corresponding solution measures and schemes.

Article 57The financial liabilities refers to the following liabilities of an enterprise

All the assets, liabilities and businesses of the enterprise that exit before the combination shall be inherited by the enterprise formed after the combination.

In any event, it may be necessary to determine the balance of responsibilities between the interim insolvency representative and the debtor with respect to the operation of the debtor's business, bearing in mind that no determination as to commencement of insolvency proceedings has been made.

(4) assessing enterprise finance, monitoring the operation status of enterprise finance

Enterprises in industries with excess capacity have a larger pressure of debt repayment. De capacity and de leveraging today means to promote the gradual removing of debt risks, said Xu Gao.

As the iron and steel enterprises are large scale and involve a wide range of enterprises, the debt relationship is complex. It may lead to regional risks if disposed of improperly.

In general, the debtor would continue to operate its business and to use and dispose of assets in the ordinary course of business, except to the extent restricted by the court.

2. Commercial debt

(b) Small enterprise and business development

General Rules on Enterprise Finance

The range of business services to which SMEs need access reflects the fact that SMEs must rely on external resources for services which larger firms can provide in house.

(a) The encumbered asset is not necessary to a prospective reorganization or sale of the debtor's business

(1) examining and approving the internal financial management system, financial strategy, financial plan and financial budget of the enterprise

Third, debts owed by agricultural enterprises to the State should be rescheduled and a special fund set up to provide them, on a competitive basis, with credit facilities and guarantees.

Previously, these services were available only for business to business operations, mainly tour operators and travel agencies.

At the same time, an enterprise should not be precluded from recognizing an environmental liability simply because its management, at a later date, may not be able to meet the commitment.

Between the time an application for commencement of insolvency proceedings is made and commencement of those proceedings, the debtor is entitled to continue to operate its business and to use and dispose of assets in the ordinary course of business, except to the extent restricted by the court.

Where an insolvency law promotes the use of insolvency proceedings that permit the insolvent business to continue trading, whether reorganization or sale of the business in liquidation as a going concern, it is essential that the issue of new funding is addressed and limitations such as those discussed above are considered.

Businesses associated with manufacturing represent 18 and those with services 12 .

For example, the Republic of Korea has undertaken measures to encourage the issuance of bonds by SMEs.10 One objective of the Asian bond market initiative11 is to increase bond financing options for smaller companies in Asia.

(1) supervising the implementation of the rules and regulations concerning enterprise finance, directing the enterprises to set up and perfect the internal financial systems in accordance with the financial relations

(c) The way in which local indigenous entrepreneurs and industries could prepare themselves for such a role

DMSs can provide solutions for business to business (B2B) and business to consumer (B2C) e commerce.

Where an enterprise transfers any of its assets used for repaying its financial liabilities into any institution or to establish a trust, and the prevailing obligations to repay the liabilities remain to exist, it shall not terminate the recognition of the said financial liability and the transferred asset.

Financial establishments, insurance, real estate, and services provided to companies

67. Productive enterprises and the services that support their trading activities all depend on people.

UNCTAD's component included intensive training and business development services for more than 1,000 local companies, the establishment of TNC SME business linkages and the implementation of a business incubator.

(3) setting up and perfecting the enterprise auditing system of annual financial report so as to examine the quality of the annual financial report

The Government has drawn up draft laws on reducing the tax burden on the labour remuneration fund, introducing a single land tax, tax stimulation for small businesses and restructuring the debts of industrial enterprises.

Article 14 An enterprise may accept the capital contribution made by an investor in the form of monetary, real object, intangible assets, stock equity, or specific creditor's right and so on, among which, the specific creditor's right means the convertible bonds issued by the enterprise under law and the creditor's rights that are converted into equity under the related provisions.

As a result, not only is the ability of creditors to receive payment diminished, but so also is the possibility of rescuing financially viable businesses and of saving jobs.

Chapter II Enterprise Financial Management System

Article 1 With a view to strengthening the financial management of enterprises, regulating the financial behaviors of the enterprises, protecting the legitimate rights and interests of the enterprises and related parties and boosting the establishment of modern enterprise system, the present General Rules are formulated under the provisions of the related laws and administrative regulations.