Breach of contract in the debts reoccurred central enterprises. According to Sinosteel's announcement on October 19, the payment of 2 billion RMB for the current interest of 10 Sinosteel Debts will be deferred; this is actually breach of contract. Anbound’s research team pointed out that from the perspective of state-owned debt credit default; there is a huge possibility that the details of Sinosteel Group will be revealed. Local government, central government departments, parent companies and banks are still worried about systemic financial risk. With the downturn in the real economy and increasing downward economic pressures, it is expected that some institution will rescue Sinosteel Group.