The official website of the China Yiyang Municipal Government announced on Tuesday (January 3) announced the results of the hidden debt account accountability of four unrealized debt.Since 2022, China has announced the results of the account accountability of hidden bonds.
According to the Finance News Agency, the Ministry of Finance of the Chinese Ministry of Finance in May 2022 concentratedly notified the typical cases of new hidden debt inquiries from local governments, involving Anhui, Henan, Guizhou, Jiangxi, Hunan, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, Zhejiang, and Zhejiang,Gansu and other places.
7月29日，财政部监督评价局再次披露了八起融资平台违法违规新增地方政府隐性债务的典型案例，涉及陕西、山东、黑龙江、贵州、重庆、江苏、Eight places in Anhui and Jiangxi mainly include three types of problems: the financing of urban investment, the government provides financing guarantees for urban investment, and the city investment mortgage public welfare asset financing. The occurrence time is from September 2015 to March 2018.
Since 2022, in the context of stable growth, infrastructure, and supporting the reasonable financing needs of local governments and urban investment platforms, the work of the central government's hidden debt accountability of local governments has continued to increase.Policy guidance is unchanged, and the accountability of hidden bonds has been significantly accelerated.
According to the statistics of Guangfa Securities, since 2016, 24 provinces have been informed by debt violations. Among them, Gansu, Guangxi, Yunnan, Hunan, and Sichuan have been notified more cases.Judging from the disclosed debt violation cases, the new hidden debt/new government debt/illegal debt raising is the main form of local government debt violations. More than 90%of the notification cases involve new debt.Secondly, it is also one of the major debt violation methods.
Guangfa Securities further introduced that some platforms did not issue debts within a short period of time after notification, and the time point for issuing debts was half a year or even a year after being notified.In addition, some platforms are also limited to issuance of debt issuance after being notified of accountability for illegal and illegal debt.
Since last year, the overall financing is still weak under the context of the "control increase" of hidden debt.According to Jiuyang Science and Technology statistics, in 2022, the total amount of investment bonds in the market in the market was 4.90 trillion yuan (RMB, the same below, 95.36 trillion yuan), a year -on -year decrease of 14%, and net financing reached 1.03 trillion yuan, accounting for accountingThe ratio of total credit debt financing was 54%, and the scale of net financing fell by 60 percentage points year -on -year.
Among them, the city -level city investment bond net financing amount is the highest, reaching 584.1 billion yuan (2021: 1.27 trillion yuan).The district and county -level urban investment bond net financing amount is 387.8 billion yuan (2021: 1.19 trillion yuan), and the net financing amount of urban investment bonds at the provincial level is 62.3 billion yuan (2021: 88.1 billion yuan).The proportion of 38%, 56%, and 6%, respectively (compared to 2021, 47%, 50%, and 3%).
