Key Points - The issuance of replacement bonds for hidden debt reached approximately 1.8 trillion yuan in the first half of the year, indicating a rapid and early issuance trend [1] - The issuance of special new bonds for debt resolution is projected to be 800 billion yuan annually for five years starting in 2024, with 4.623 billion yuan issued in the first half of this year [1][2] - The total amount of local bonds issued for debt resolution accounted for 41% of the total issuance in the first half of the year [1] - The issuance of replacement bonds helps to make hidden debts visible, thereby reducing the scale of existing hidden debts and improving the overall debt structure [2] - Local governments are increasingly using special bonds to repay overdue payments to enterprises, with specific allocations made in regions like Yunnan [2][3] - The Ministry of Finance emphasizes the importance of resolving overdue payments to enterprises, particularly for private enterprises, to enhance their resilience against risks [3][4] - There is a call for accelerating the transformation of local investment companies to reduce reliance on local governments and improve their market competitiveness [4][5]

【文/观察者网专栏作者 鹿鸣】 近日，广西、柳州再次进入全国舆论场的中心；前者涉及反腐与自治区人事异动，后者则是因为债务。 昨日独山，今柳州？ 6月25日，广西自治区党委书记陈刚在柳州市主持召开自治区党委常委会扩大会议，专题研究柳州市债 务化解和经济社会发展工作。而就在此次会议上强调，化解柳州债务是全区防范化解债务风险的重中之 重，举全区之力支持柳州化解债务。 柳州的热度成为互联网上的第二个"独山县"，而债务同螺蛳粉一样成了这座工业城市的一张"名片"—— 当然，这不是褒义。 网民们普遍惊叹，整个自治区都来支持柳州化债，柳州的债务问题肯定是非常严重了。但在笔者看来， 恰恰相反，此时的柳州是"已过万重山"。柳州不仅顺利完成了6月底前非标债务"清零"的阶段性化债任 务，且连续4年多守住了不发生系统性金融风险的底线。 根据2025年柳州市政府工作报告，2024年全年累计化解到期债务本息超过1000亿元，全年减少利息支出 16亿元；债务结构持续优化，银行贷款、债券、非标比例由5.5:2.9:1.6优化为6.7:2.7:0.6，债券、非标分 别减少50亿元、272亿元；全面梳理存量资产，全年盘活处置资产超过100亿元；持 ...