根据中央统一部署，2024年4月15日至7月20日，中央第一巡视组对财政部党组开展了常规巡视。2024年 10月18日，中央巡视组向财政部党组反馈了巡视意见。按照巡视工作有关要求，现将巡视整改进展情况 予以公布。 一、党组履行巡视整改主体责任情况 财政部党组从坚定拥护"两个确立"、坚决做到"两个维护"的政治高度，以彻底的自我革命精神，把巡视 指出的每个问题都当作政治必答题，贯通落实整改主体责任、监督责任、第一责任人责任和"一岗双 责"，不折不扣、全力以赴抓好整改任务落实，为进一步全面深化改革、推进中国式现代化提供有力财 政保障。 （一）坚持政治引领，深化学思践悟，牢牢把握巡视整改正确方向。部党组坚持把学深悟透笃行习近平 新时代中国特色社会主义思想作为巡视整改工作总指引。巡视反馈会后，党组书记立即主持召开会议， 传达学习习近平总书记在听取中央巡视综合情况汇报时的重要讲话精神、巡视集中反馈会议精神和巡视 反馈意见，研究部署巡视整改工作。通过部党组会议等方式，跟进学习习近平总书记在中央经济工作会 议、中央政治局民主生活会、二十届中央纪委四次全会、全国"两会"期间等重要讲话精神，以及对财政 工作的重要指示批示精神，对 ...

Policy Background - The new PPP mechanism emphasizes the exclusive use of the concession model for projects, focusing on user-pay projects while strictly limiting government-pay and feasibility gap subsidy projects, prioritizing market-based returns [4] Key Audit Points Project Admission Conditions - Projects are limited to those with operational revenue potential, such as transportation, environmental protection, and municipal services, prohibiting disguised debt under the PPP guise [6] - User fees must cover construction and operational costs, with future cash flow forecasts requiring third-party evaluation [7] - A negative list prohibits packaging public welfare projects like schools and hospitals as concession projects [8] Concession Scheme Review - The concession period generally should not exceed 40 years, aligning with industry characteristics and investment recovery cycles [9] - The government does not guarantee minimum returns, placing the primary operational risk on social capital [10] - Competitive bidding is mandatory, ensuring transparency and equal participation for foreign enterprises [11] Fiscal Risk Prevention - New hidden debts are prohibited, and any government payment obligations must be included in the medium-term fiscal plan [12] - Feasibility gap subsidies, if necessary, require joint approval from provincial development and reform commissions and finance departments [13] Full Process Supervision Requirements - Payment is strictly linked to project performance, with deductions for unmet standards [14] - Clear exit mechanisms for social capital and asset disposal methods are required to prevent project failures [15] Policy Impact and Trends Impact on Local Governments - The new mechanism enforces strict project quality control, compelling local governments to select genuinely viable projects and reducing impulsive project launches [17] - Strengthened fiscal discipline will lead to audits and accountability for non-compliant projects [17] Impact on Social Capital - Companies with operational capabilities, particularly in environmental and energy sectors, will find new opportunities, while pure construction firms will gradually exit [18] - Foreign enterprises can participate through competitive processes but must adapt to China's specific concession rules [18] Future Trends - There will be an increase in PPP project proportions in sectors like transportation (toll roads) and renewable energy (charging stations) [19] - Financial tools such as REITs and project revenue bonds may further integrate with the new PPP mechanism [19] Local Implementation Suggestions - Enhance value-for-money assessments and fiscal capacity evaluations to avoid merely "approvable reports" [20] - Engage professional legal teams for contract design, clarifying concession terms and dispute resolution mechanisms [20] - Utilize information platforms for dynamic monitoring of project operational data to provide timely risk alerts [21]