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财政部曝光6起隐性债务典型案例
Xin Hua She· 2025-08-01 13:56
新华社北京8月1日电 通过国企举债融资、向国企借款……财政部1日公开曝光了6起已完成问责的隐性 债务典型案例。 一是辽宁省沈阳市辽中区通过国有企业举债融资实施高标准农田改造提升项目,新增隐性债务5.2亿 元,时任辽中区常务副区长程某某、副区长郝某等相关责任人被问责; 二是福建省厦门市通过国有企业垫资实施土地一级开发项目、安置型商品房项目等,新增隐性债务 683.96亿元,时任厦门市委常委、副市长黄某,市财政局党组书记、局长黄某某等相关责任人被问责; 三是山东省德州市陵城区通过国有企业举债融资实施高标准农田建设项目,新增隐性债务1.45亿元,时 任陵城区委副书记、区长时某,副区长任某等相关责任人被问责; 六是四川省成都市通过国有企业垫资实施城市有机更新项目、垫资建设市政道路等公益性项目以及代政 府缴纳轨道交通建设发展专项资金,新增隐性债务614.08亿元,时任成都市副市长刘某某等相关责任人 被问责。 财政部监督评价局相关负责人介绍,近年来,财政部坚决贯彻落实党中央、国务院决策部署,推进落实 一揽子化债方案,加力支持化解地方债务风险,持续加强地方政府债务管理,取得了积极成效。但一些 地区新增隐性债务、少报漏报隐性 ...
2025下半年环保行业投资策略:市政环保红利属性强化,人工智能引领板块成长
Group 1 - The municipal environmental protection sector is characterized by stable profitability, improved cash flow, and opportunities in environmental dividend assets due to debt reduction and water price adjustments. High dividend stocks are emerging in the municipal water and solid waste sectors, with companies like Guangdong Investment, Yongxing Co., Hongcheng Environment, and others recommended for investment [4][30][28] - The integration of AI is driving secondary growth in the municipal environmental protection sector, particularly through solid waste management and AI Data Centers (AIDC). The collaboration between waste incineration and AIDC can significantly enhance profitability and cash flow for waste management companies [4][34][37] - The report highlights the acceleration of water price adjustments across various regions, with 17 areas having raised water prices since January 2024. This trend is expected to enhance the profitability of water service companies [18][20][21] Group 2 - The report emphasizes the importance of stable revenue and income in municipal water and solid waste operations, which are essential for urban functioning. The cost structure primarily consists of depreciation, amortization, and labor costs, ensuring long-term profitability through a franchise model [17][9] - The report outlines a significant reduction in capital expenditures (Capex) within the municipal environmental sector, leading to improved free cash flow and dividend rates. This trend is expected to continue as the industry matures [23][25] - The introduction of a 12 trillion yuan debt reduction plan is anticipated to benefit the environmental protection sector, particularly companies with high dividend yields and significant accounts receivable, such as Hongcheng Environment and Yongxing Co. [27][28]