on october 13, the international monetary fund (imf) released its world economic outlook report, which revised up the global economic decline by 0.8 percentage points from june to 4.4%. at present, china is the only major economy in the world with positive growth and is expected to grow by 1.9% for the full year. the recovery momentum is very strong. this is due to a series of fiscal, monetary, employment and other policies adopted by the state, which have ensured the relatively sufficient liquidity of the market and enterprises. meanwhile, financial institutions have played a role in resource allocation in the financial market, helping enterprises to finance and rescue.
in order to win the war of economic recovery, icg, according to the financing needs of enterprises, constantly promotes the dual drive of debt investment and equity investment, expands the financing channels of the real economy, and effectively enhances the capital liquidity of enterprises. in the field of debt investment, icg implements debt reduction financing (drf) asset management plan to solve the double dilemma of corporate debt and financing. in the field of equity investment, it goes deep into the primary market, the primary and semi-secondary market and the secondary market, and accelerates the capital accumulation for high-quality domestic enterprises through industrial investment, private placement, international placement and other ways, so as to meet the capital needs at different stages of development and grow together with enterprises.
as the economic recovery continues to accelerate, the capital demand of important leading enterprises and core enterprises in the industrial chain continues to increase. aiming at the financing demands of large state-owned enterprises and listed companies, icg focuses on promoting the implementation of debt reduction financing (drf) asset management plan and provides policy-based, personalized and diversified financing schemes. all participating enterprises can choose the implementation plan most suitable for their own development stage and financing needs from joint factoring, joint leasing, capital and share increase, debt-to-equity swap, spv project financing and reits real estate investment trust fund according to their own conditions.
compared with other financing modes, icg debt reduction financing (drf) capital management has significant advantages in financing scheme, capital cost, debt reduction effect and capital utilization rate. first of all, the six implementation plans fully cover the financing needs of enterprises. enterprises can choose one or more financing plans according to their own conditions and needs, expand financing channels, and flexibly adjust the financing structure, so as to adopt policies based on "enterprises". secondly, through the above various financing schemes, debt reduction financing (drf) asset management can help enterprises to enter the international market with more favorable capital costs, reasonably introduce low-cost funds, alleviate the pressure on enterprises' financing costs, solve the problems such as difficult financing and expensive financing, and improve their sustainable profitability. third, debt reduction financing (drf) asset management can also make good use of existing assets, optimize corporate debt structure, increase disposable funds, and help enterprises resolve existing debts in an orderly manner, so as to achieve the effect of reducing corporate debt ratio while financing. finally, in some financing modes, such as reits real estate investment trust fund, financing can be realized by transferring equity or franchise rights and applying for listing and public offering of fund shares. the fund shares subscribed by investors can circulate in the market, and the funds obtained by financing enterprises need not be repaid, effectively improving the utilization rate of funds.
facing the complex economic situation in 2020, icg constantly giving full play to the advantages of its own financial services, to carry out the national domestic demand and foreign demand is complementary of new pattern of binary, inspire large state-owned enterprises and listed companies strong kinetic energy, improve enterprise competitiveness, innovation and ability to resist risks, which injected "arm" to the chinese economy to speed up the recovery.