China is moving to correct irregular behavior in the fundraising of local governments as part of efforts to rein in financial risks amid a firming economy. In a notice released Wednesday, the Ministry of Finance (MOF) asked provincial authorities to start self-examining their financing practices as soon as possible and to rectify all irregularities by the end of July, with progress to be tracked by MOF local supervisors. The relationship between governments and local financing platforms should be properly handled, and the latter should transform into market-based state-owned enterprises that can stay clear of government intervention. Local governments are allowed to set up investment funds with private companies and conduct public-private-partnership cooperation, but debt financing is strictly prohibited. The MOF will take actions to improve financing systems of local governments, establish a monitoring and risk control mechanism, and promote better information disclosure. Chinese financial regulators are channeling more energy into risk control and de-leveraging as solid GDP growth in the first quarter has provided more room for such adjustments.
source Enditem ûáï
中國正在努力糾正地方政府籌集資金的不正常行為，作為在緊縮經濟中遏制金融風險的努力的一部分。週三公佈的通知中，財政部要求省級機關盡快開展自籌資金管理工作，並在七月底前糾正所有違規行為，財政部地方監事會進一步追踪。政府和地方融資平台之間的關係要妥善處理，後者應轉變為能夠保持政府乾預的市場化國有企業。允許地方政府與民營企業建立投資基金，進行公私合作，嚴格執行債務融資。財政部將採取行動，改善地方財政制度，建立監督和風險控制機制，促進信息披露更加完善。中國金融監管機構正在將更多的精力投入到風險控制和解除槓桿方面，因為第一季度的穩健的國內生產總值增長為這種調整提供了更多的空間。
Zhōngguó zhèngzài nǔlì jiūzhèng dìfāng zhèngfǔ chóují zījīn de bù zhèngcháng xíngwéi, zuòwéi zài jǐnsuō jīngjì zhōng èzhì jīnróng fēngxiǎn de nǔlì de yībùfèn. Zhōu sān gōngbù de tōngzhī zhōng, cáizhèng bù yāoqiú shěng jí jīguān jǐnkuài kāizhǎn zì chóu zījīn guǎnlǐ gōngzuò, bìng zài qī yuèdǐ qián jiūzhèng suǒyǒu wéiguī xíngwéi, cáizhèng bù dìfāng jiānshìhuì jìnyībù zhuīzōng. Zhèngfǔ hé dìfāng róngzī píngtái zhī jiān de guānxì yào tuǒshàn chǔlǐ, hòuzhě yīng zhuǎnbiàn wéi nénggòu bǎochí zhèngfǔ gān yù de shìchǎng huà guóyǒu qǐyè. Yǔnxǔ dìfāng zhèngfǔ yǔ mínyíng qǐyè jiànlì tóuzī jījīn, jìnxíng gōngsī hézuò, yángé zhíxíng zhàiwù róngzī. Cáizhèng bù jiāng cǎiqǔ xíngdòng, gǎishàn dìfāng cáizhèng zhìdù, jiànlì jiāndū hé fēngxiǎn kòngzhì jīzhì, cùjìn xìnxī pīlù gèngjiā wánshàn. Zhōngguó jīnróng jiānguǎn jīgòu zhèngzài jiāng gèng duō de jīnglì tóurù dào fēngxiǎn kòngzhì hé jiěchú gànggǎn fāngmiàn, yīnwèi dì yī jìdù de wěnjiàn de guónèi shēngchǎn zǒng zhí zēngzhǎng wèi zhè zhǒng tiáozhěng tígōngle gèng duō de kōngjiān.