中共中央、国务院：加快融资平台改革转型 坚决遏制新增地方政府隐性债务

Core Viewpoint - The central government of China has issued opinions on promoting high-quality urban development, emphasizing the establishment of a sustainable investment and financing system for urban construction and operation [1] Group 1: Investment and Financing System - The opinion highlights the need to establish a sustainable investment and financing system for urban construction and operation [1] - Local governments are to take primary responsibility, coordinating financial resources from fiscal funds, social capital, and other financial channels [1] - The central government will increase special transfer payments to support major safety and basic livelihood guarantees, with appropriate subsidies from the central budget [1] Group 2: Financial Policy Innovations - The document calls for innovative fiscal and financial policy tools to attract and regulate social capital participation [1] - It emphasizes the need for cautious advancement of public utility price reforms [1] - There is a focus on strengthening medium- and long-term credit supply and leveraging the financing functions of the bond and stock markets [1] Group 3: Financing Platform and Debt Management - The opinion encourages insurance, trust, and other institutions to provide financial services [1] - It calls for accelerating the reform and transformation of financing platforms while firmly curbing the increase of new local government hidden debts [1]