Xiangtan launched a special operation in the field of government financing in violation of regulations. Guizhou: I hope that financial institutions will support debt risk resolution through exhibition, interest rate cuts, and loans.

The 21st Century Business Herald reporter Yang Zhijin Comprehensive Report Wind data shows that last week's local bond issuance was 172.5 billion. As of July 10, this year's local bond issuance was issued 5.43 trillion, of which new special bond issuance was 3.43 trillion yuan, and 99.4%of the amount of 99.4%was completed.

In terms of urban investment bonds, as of July 10, the scale of urban investment bonds this year was about 2.73 trillion, a decrease of 6.8%compared with the same period last year; net financing amount was 1.95 trillion, a decrease of about 22%compared to the same period last year.

one. Central policy

1. Central bank: Affected by factors such as regional economic activity and local governments resolving hidden debt, the demand for valid credit in some areas is insufficient

The "Regional Financial Operation Report" released by the central bank on July 8 states that the demand for valid credit in some areas is insufficient. The central bank said that due to factors such as regional economic activity and local governments resolved hidden debt, project reserves in some regions did not dominate compared with the Yangtze River Delta, Guangdong -Hong Kong -Macao Greater Bay Area, and the project landing progress was relatively slow. In the past two years, the state -owned enterprise has strengthened asset -liability constraints. The number of bank customers has increased in advance, and no longer renewed loans after expired repayment.

The report also stated that the current debt burden of enterprises and production capacity industries in some regions is relatively heavy. Although the overall debt risk is controllable, in recent years, corporate debt risk incidents have increased. Putting enthusiasm and investor confidence. In some regions, there is still room for improvement in strengthening the construction of social credit systems, purifying the financial ecological environment, and alleviating banks who dare not loans.

New tools for policy development of 2300 billion yuan to three types of projects

The State Council executive meeting has identified measures for policy and development financial instruments to support major project construction, with a limit of 300 billion. The relevant person in charge of the central bank said that policy and development of banks use financial instruments to focus on three types of projects: First, the five major infrastructure key areas of the 11th meeting of the Central Finance and Economics Committee, which are network infrastructure such as transportation water conservancy and energy. , Infrastructure, technology, logistics and other industrial upgrading infrastructure, underground pipe corridors and other urban infrastructure, high -standard farmland and other agricultural and rural infrastructure, national security infrastructure. The second is major scientific and technological innovation fields. Third, other projects that can be invested by special bonds of local governments.

3. Some cities set up debt at 10%cost, and regulatory prompts two risks

According to the 21st Century Economic Herald, a provincial financial department and local financial regulatory bureau in the central region recently issued the "Letter on the illegal fund -raising and illegal debt self -correction work of financing platform companies". According to the letter, the Ministry of Finance's recent regulatory bureau submitted to the provincial government's special materials, reflecting the issue of the province's individual financing platform companies to sell non -standard debt financing products to individual investors through the Gold Stock Exchange or the "Pseudo -Gold Stock Exchange".

The letter states that individual platforms in our province transferred non -standard debt financing products to the Gold Stock Exchange and the Pseudo -Gold Exchange for the transfer of accounts receivables and the pseudo -gold exchange. And issue relevant registration filing documents to facilitate the issuance of non -standard debt financing products for platform companies. Based on this company company, it sells the wealth management product to unspecular investors from unspecified investors with an annual income of 8.5 % -10 %. The behavior was suspected of borrowing local government debt and illegal fundraising.

2. Local dynamics

1. Guizhou: I hope that financial institutions support debt risk resolution through exhibition, interest rate cuts, and loans

Guizhou Province held a symposium on financial institutions on July 7. Regarding the high -quality development of Guizhou, the meeting put forward five hopes, one of which is to fully support the prevention and resolution of risks. Through various methods such as exhibition, interest rate cuts, and renewal, the risk of debt is supported, continuously improving corporate governance, improving the level of risk management, and resolutely prevent regional and systematic financial risks.

2. Xiangtan City launched a special operation of illegal profit in the field of government financing

According to the news on July 8th, Xiangtan Online, in order to resolutely prevent the battle against the risk of government debt, recently, Xiangtan City launched special actions for illegal profits in the field of government financing. High cost financing, resolutely rectify chaos in the field of government financing.

It is understood that this special operation has issued a notice that urges the government financing field to refund the law and refund the contribution and related methods of deducting liability exemption. If you actively provide clues and recovery, it will be used as light, reduced or exempt from disciplinary sanctions; for financing intermediaries, financial institutions, and their staff, and related personnel, any intermediary fee, consultant fee, consultant fee, consultant fee, and consultant fee for violations within the prescribed time will be illegally obtained. Consultation fees and other illegal profits have taken the initiative to refund to special accounts, and from the law, alleviating or exempting legal responsibilities in accordance with the law.

3. Shandong: The hidden risk hazards of the financing platform are steadily handled, and the monitoring of key enterprises such as city and county financing platform companies

Shandong Province issued the "Ten Opinions on High -quality Development of State -owned Enterprises Innovation Driven High -quality Development" on July 7. The opinions pointed out that strictly prevent financial risks, steadily handle the hidden risks of financial enterprises and financing platforms, and strengthen monitoring of key enterprises such as city and county financing platform companies to prevent risk spread. Standardize guarantee behaviors, strict business supervision such as "real stocks", perpetual debt, and the scale of accounts receivable and inventory, prevent violations of occupying the funds of listed companies, and do a good job of monitoring and disposal of bond default risks.

4. The Agricultural Bank will provide a total of more than 300 billion yuan in the Xiangtan area with a total of 300 billion yuan

According to the news of Xiangtan Financial on July 5, the People's Government of Xiangtan City and the Agricultural Bank of China Hunan Branch held a strategic cooperation framework agreement signing ceremony. According to the agreement, during the "Fourteenth Five -Year Plan" period, the Agricultural Bank of China will provide a total of more than 300 billion yuan in the Xiangtan area of ​​more than 30 billion yuan, and the net financing increase of more than 50 billion yuan, helping Xiangtan to accelerate the construction Essence

3. Incident attention

1. Zunyi Daoqiao: Continue to consolidate bank debt reorganization, accelerate the reorganization of non -standard debt, and strive to borrow new and old

On July 6, according to the official Wei of Zunyi Daoqiao Group, the Daqiao Group held a debt risk prevention and production and operation dispatch meeting in the second half of 2022. The meeting said that in the first half of 2022, the group company closely focused on various tasks of "explosion -proof thunder, grasping reform, promoting development, and keeping the bottom line", which stabilized the basic market for survival and development.

The meeting pointed out that debt risks are still the current first subject of Daoqiao and the biggest obstacle to production development. High -quality development is better. To correctly understand "near" and "far". Overall the debt risk prevention work in the third quarter and the second half of the year, seize the Document No. 2 and the State Council's stable economic policy measures, continue to consolidate bank debt reorganization, accelerate the reorganization of non -standard debt, strive to borrow new and old, do a good job of doing it, do a good job Localized debt, resource activation, project planning and other related work.

(Coordinating: Ma Chunyuan)

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