## Figure 1.1.1. China: Market Share and Debt-Servicing Capacity of Firms Reliant on Share-Collateralized Lending

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**Canonical URL:** [Figure 1.1.1. China: Market Share and Debt-Servicing Capacity of Firms Reliant on Share-Collateralized Lending](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/charts/boxfigure1-1-1.pdf)

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### 1. Market Share of SCL-Reliant Privately Owned Enterprises
- Market segmentation shown by capitalization groupings: Large cap, Mid cap, Small cap.
- Bubbles indicate the share of SCL-reliant firms within each market capitalization grouping.
- Definitions and labels preserved from source:
  - SCL-reliant firms: firms with at least 30 percent of shares pledged to lenders.
  - Cap = capitalization; POE = privately owned enterprise; SCL = share-collateralized lending.
- Data sources: WIND Information Co. database; and IMF staff calculations.

### 2. Debt-Servicing Capacity of SCL-Reliant Firms versus All Listed Firms
- Panels compare SCL-reliant POEs and all listed firms across three perspectives:
  - In terms of number of listed POEs
  - In terms of POEs’ market capitalization
  - In terms of POEs’ assets
- Proportion of SCL-reliant POEs (percent): 59, 60, 61, 62, 63, 64, 65
- Interest coverage (times) tick values shown: 2.0, 2.5, 3.0, 3.5, 4.0, 4.5, 5.0
- Debt-to-asset ratio (percent) tick values shown: 20, 26, 32, 38, 44, 50, 56
- Year indication preserved as shown in source: 201517

*Sources: WIND Information Co. database; and IMF staff calculations.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/charts/boxfigure1-1-1.pdf_