On the occasion of China's local debt issues, the Ministry of Finance reported eight typical cases of hidden debt accounts for local governments, and disclosed that many local governments violated laws and regulations request local state -owned enterprises or bank debt to raise funds.
The official website of the Ministry of Finance on the official website of the Ministry of Finance on Monday (November 6) notified eight hidden debt accounts for accounting and accounting for the investigation and punishment since 2022., Sichuan Province, Jiangxi Province, etc.The Ministry of Finance of China emphasized that the purpose of this notification is to play a role of warning education to resolutely curb new hidden debt and further serious financial and economic discipline.
In these cases, some areas of Hubei Province signed an agreement with the state -owned enterprises with three provinces in Hubei Province, asking enterprises to bear the comprehensive development of cities such as land finishing and development, infrastructure construction, etc., leading to the province from August 2018 toAt the end of June 2021, a new hidden debt was formed of 21.48 billion yuan (RMB, the same below, about S $ 4.062 billion).
Liuzhou City, Guangxi, requires four state -owned enterprises to bear the capital to undertake the land -level land -level and developed land collection and storage business arranged by the fiscal budget. As a result, from 2018 to 2021At the end of June of the year, Guangxi formed a new hidden debt of 17.695 billion yuan.
From August 2019 to December 2020, Xi'an, Shaanxi Province passed the debt financing of state -owned enterprises. It was used in three project construction projects such as the Xi'an International Convention Center Exhibition Hall, and the new hidden debt was 2.6 billion yuan; HenanThe Financial Bureau of Liling County, Xuchang City, provincial, violated the regulations, requiring agency banks to pay funds and long -term non -liquidation new hidden debt, forming a new hidden debt of 2.014 billion yuan.
Chengdu, Sichuan Chengdu, uses expected land transfer income, etc. as the source of investment in project investment requesting state -owned enterprises to build new hidden debts to form a new hidden debt of 432 million yuan;State -owned enterprises are the main bodies, and they are treated with new repayment and treated for debt, resulting in "incarnation of debt" 1.205 billion yuan.
In addition to local government officials and high -level state -owned enterprises, banks who provide funds are also punished.The Ministry of Finance of China reported that China Agricultural Development Bank Shaanxi Branch was accused of providing financing and related services to local governments illegal and violations. Loans were used in the Xi'an River and Lake Water System Protection and Management Project expenditure.
The Wuhu Branch of Agricultural Bank of China is also accused of providing new hidden debts to local governments and its departments to illegally provides local governments and their departments for flood relief expenditures.Increasing debt is 471 million yuan.
The Ministry of Finance of China said that the above cases revealed that "there is a deviation in the outlook on the performance of leading cadres in some local and units, and the discipline is not strict."Forbidden, discounts, and changing "have seriously affected the effectiveness of hidden debt risks to prevent and resolve the effectiveness of work.
Since the large -scale issuance of Chinese local governments borrowed the new and returned old special recycling bonds, the scale of the Chinese local government issued bonds in the first 10 months of this year has reached 8.6 trillion yuan, a record high, and the use is used. Among them, it is used.The special re -financing bonds that repaid the existing debt of local governments were issued rapidly, and 24 provinces disclosed that the special debt issued by will be issued was 104.31 trillion yuan, which is also the main reason for the scale of local debt to issue 8 trillion yuan this year.
