The Shanxi Provincial Government issued the “Implementation Rules on Optimizing the Existing Capacity of the Coal Industry in the Provincial Coal Industry” on the 18th, proposing that before the end of June 2016, each of the coking coal group and the Yangmei Coal Group will select a coal mine to conduct a pilot shutdown and exit, and Seriously sum up the experience and promote it in the whole province.

　　The "Rules" clearly set forth strict control of the new production capacity. Before 2020, in principle, the approval or approval of new coal mine projects, technological transformation projects of new production capacity and production capacity increase projects should be stopped. The coal mine projects under construction that have been approved or approved are rounded up according to the existing approved production capacity multiplied by a factor of 0.84 (276 divided by 330) as the new mine construction scale.

　　In the second batch of implementation rules of the coal supply side reform issued by Shanxi Province on the 18th, the "Rules on Increasing Financial Support" pointed out that in 2016, there was no loan-drawing behavior to the seven major coal groups in Shanxi Province. The market and efficient high-quality coal enterprises continue to provide financial support, and strive to raise the coal industry's financing volume not less than the previous year.

　　Public information shows that the total liabilities of the seven largest coal enterprises in Shanxi at the end of the first quarter have exceeded 1.19 trillion yuan, which is almost the same as the 1.28 trillion yuan of Shanxi's GDP in 2015. The overall asset-liability ratio reached 80%. It is reported that 60% of these debts are in banks.