Core Viewpoint - The Ministry of Finance of the Communist Party of China has released a report on the progress of the third round of inspections, emphasizing the need to better coordinate development and security while effectively preventing and mitigating financial risks [1] Group 1: Financial Risk Management - The report guides local governments to implement a series of incremental debt support policies, focusing on the management of hidden debt replacement, financing platform reform, and accountability for illegal borrowing [1] - There is a call to strengthen the full-process management of special bonds to ensure effective financial operations [1] Group 2: Budget and Fiscal Stability - Local governments are urged to prioritize the "three guarantees" (basic living needs, education, and healthcare) to ensure a solid foundation for grassroots financial stability [1] - The report emphasizes the importance of thoroughly assessing and appropriately responding to various factors affecting fiscal revenue and expenditure to ensure budget balance and stable financial operations [1]