一文览各地清欠还款
Tianfeng Securities·2025-07-03 04:41
- Report Industry Investment Rating No relevant content provided. 2. Core View of the Report Since May 2025, multiple provinces have adjusted their fiscal budgets this year, and some have disclosed the latest adjusted budget plans, including the situation of clearing overdue payments to enterprises. The report sorts out the progress of clearing overdue payments at the provincial, municipal, and district - county levels [8]. 3. Summary by Related Catalogs 3.1 Provincial - Level Clearing Progress - Four provinces (Guangxi, Hunan, Yunnan, and Shaanxi) have disclosed details about clearing overdue payments to enterprises. Hunan and Yunnan earmarked 20 billion and 35.6 billion yuan respectively; Guangxi will use part of its 36.5 - billion - yuan special bond quota, and Shaanxi will use part of its 50.1 - billion - yuan special bond for this purpose. Shaanxi has also cleared all overdue payments within the ledger [1][9]. 3.2 Municipal - Level Clearing Progress - Specific Repayment Scale: In 2024, cities like Qionghai, Wenchang, Wanning in Hainan and Yangquan in Shanxi cleared 745 million, 300 million, 220 million, and 8.07 million yuan of government - owed enterprise payments respectively. Gannan Prefecture in Gansu allocated 520.74 million yuan in government bonds in 2025 for this purpose [2][11]. - Clearing of Ledger - based Overdue Payments: Cities such as Ulanqab in Inner Mongolia, Zhongwei in Ningxia, the whole of Shaanxi Province, and Zhaotong in Yunnan have cleared all overdue payments within the ledger. Mianyang in Sichuan completed the "provincial ledger" clearing of 2024 overdue payments [2][11]. - Bonds Available but No Specific Repayment Amount: Some cities like Chongzuo, Fangchenggang, etc. in Guangxi, Anshun in Guizhou, Zhangjiakou in Hebei, and Datong, Tongchuan in Shanxi can use refinancing or special bonds to clear overdue payments, but the actual repayment amount is not disclosed [2][11]. 3.3 District - County - Level Clearing Progress - Specific Repayment Scale: Many districts and counties have reported specific repayment amounts. For example, Dejiang County in Guizhou repaid 2.059 billion yuan, followed by Gushi County in Henan, Yongning County in Ningxia, and Zhaoyang District in Yunnan with 1.23 billion, 1.145 billion, and 815 million yuan respectively. Most payments are to small and medium - sized or private enterprises. The funds come from various sources, such as bank loans and bond funds [3][15]. - Clearing of Ledger - based Overdue Payments: Districts and counties in Guizhou, Sichuan, and Shaanxi, such as Bijiang District and Jiangkou County in Guizhou, Chuanshan District in Sichuan, and some districts and counties in Shaanxi, have cleared all overdue payments within the ledger [3][15]. - Bonds Available but No Specific Repayment Amount: Some districts and counties like Lingyun County in Guangxi, Qixing District in Guangxi, Xifeng County in Guizhou, Guancheng District in Henan, and Dongli District in Tianjin can use refinancing or special bonds, but the actual repayment amount is not disclosed [4][16].