刚刚结束的政治局会议明确提出"有力有序有效推进地方融资平台出清"，为城投企业退出融资平台和市场化转型按下"加速键"。随着化债政策深入落地，各 地城投退出政府融资平台序列、转向市场化运营已经进入深水区。"提前达标""超额完成"成为常态，部分企业推"退平台"后积极抢抓政策东风拓宽融资渠道 实现新增融资，为全面市场化转型奠定坚实基础。 在政策推动下，各地城投"退平台"工作多点开花，阶段性成果密集涌现。在化债与平台改革的双重任务中，浙江乐清市成为县域实践的典型代表，实现"隐 性债务清零+融资平台清零"双突破。据乐清市财政局披露，该市债务率目前处于黄色等级档次，风险可控。近两年，该市通过统筹自身财力、新增专项债 券、再融资等方式，有序推进隐性债务置换工作，截至今年，已全面完成隐性债务清零任务；更值得关注的是，今年2月当地融资平台已实现"清零"。 "提前达标""超额完成"成为高频关键词。西安鄠邑区全区5家平台公司中3家已退出，年度压降任务已完成；剩余2家公司正在按程序退出。 部分城投退出融资平台后，实现新增融资。甘肃省公航旅集团自2024年末退出政府融资平台后，积极对接监管部门与金融机构，抢抓政策窗口，拓宽融资渠 道。2 ...

Core Viewpoint - The recent emphasis on the "clearing" of local financing platforms indicates a critical phase in addressing local government debt risks and accelerating the transformation of these platforms into market-oriented entities [2][3][4]. Group 1: Financing Platform Transformation - The debt risks associated with financing platforms are a significant source of local government hidden debt risks, necessitating a thorough transformation to eliminate traditional financing models [2][3]. - Since the implementation of the debt resolution plan in 2023, there has been a surge in efforts to exit financing platforms, with approximately 40% of local government financing platforms expected to exit the financing platform sequence by the end of 2024 through market exits and transformations [2]. - The transformation process is under pressure to accelerate, raising concerns about the sustainability of these market-oriented transitions, especially in light of the goal to eliminate hidden debts by the end of 2028 [2][4]. Group 2: Clearing Non-Transformable Entities - The historical role of financing platforms has diminished, and most should gradually exit the stage, which is the essence of the "clearing" concept [4]. - Issues such as poor asset quality and inadequate governance structures persist among some financing platforms, necessitating a thorough cleanup of non-transformable shell companies to sever government credit backing [4][6]. - The true "clearing" process aims to transition qualifying financing platforms into market-oriented state-owned enterprises, focusing on urban operations and resource revitalization while reducing reliance on government support [4][6]. Group 3: Policy Support for Transformation - The recent central political bureau meeting highlighted the need for a "strong, orderly, and effective" approach to advancing the clearing of local financing platforms, emphasizing the importance of controlled risk management during this process [6]. - Different regions face varying pressures regarding the clearing of financing platforms, necessitating diverse policy support and funding mechanisms to facilitate market-oriented transformations [6]. - Local governments are encouraged to inject high-quality operational assets and resources into financing platforms to enhance their market operational capabilities and sustainability [6].