地方化债丨15地隐债清零这样描述……

Core Viewpoint - As of January 22, 2026, a total of 96 regions in China have disclosed the latest debt resolution dynamics, with 15 regions mentioning the complete clearance of hidden debts. The total issuance of local government bonds for debt resolution reached 227.849 billion yuan, including special refinancing and special new bonds for replacing hidden debts, with 215.961 billion yuan specifically for special refinancing [1][7]. Group 1: Debt Resolution Dynamics - Gansu Province reported the collection of contract performance funds amounting to 3.354 million yuan, contributing to debt resolution efforts [2]. - Jiangsu Province announced the complete clearance of government hidden debts [2]. - In Gansu Province, the state-owned enterprise reform has concluded, with 14 financing platforms exiting [2]. - Jiangsu Province's Nantong City received a refinancing bond quota of 7.13 billion yuan for replacing hidden debts [2]. - Sichuan Province's Ya'an City maintained a stable debt ratio below the risk warning line [2]. - In Qinghai Province, 33 non-platform enterprises resolved debts totaling 7.497 million yuan, with the average asset-liability ratio of state-owned enterprises dropping to 26.5% [2]. - Chongqing City reported the establishment of a special control mechanism, resolving hidden debts of 1.229 billion yuan and reducing financial debts by 2.342 billion yuan [2]. - Inner Mongolia reported the complete clearance of government hidden debts, exiting the risk warning [2]. Group 2: Bond Issuance for Debt Resolution - The total scale of local government bond issuance for debt resolution reached 227.849 billion yuan, with 215.961 billion yuan allocated for special refinancing to replace hidden debts [6][7]. - The issuance of special refinancing bonds in Zhejiang Province amounted to 56.4 billion yuan, while Sichuan Province issued 49.113 billion yuan [6]. - Shandong Province issued 25.609 billion yuan, and Anhui Province issued 24 billion yuan for similar purposes [6]. - The issuance of refinancing bonds in Liaoning Province reached 17 billion yuan, with a focus on replacing hidden debts [6].