news
News
home > industry news > hidden debt: the shadow of endorsement
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
at the beginning of the project, the rights pledge contract between the finance bureau and the bank became an important node. the 320 million yuan loan, with a term of 20 years, will become the key driving force for the development of the project. the shadow of debt endorsement hangs over the entire project and has also attracted the attention of regulatory authorities.
the state financial supervision and administration bureau conducted an accountability investigation on relevant units and responsible persons, and imposed disciplinary measures such as criticism and education and administrative warnings on the then leading cadres of yongning county. this reflects the severe challenges faced by the hidden debt problem in the governance process of the financial department.
under pressure from regulatory authorities, the government has also taken active measures to strengthen the prevention and resolution of hidden debt risks. the ministry of finance will earnestly perform its primary responsibility for financial and accounting supervision, and will "investigate and hold accountable any illegal and irregular behaviors such as the creation of new hidden debts and false debt repayments," continue to strengthen the investigation and accountability of hidden debts, and effectively prevent and resolve hidden debt risks.
however, the problem still exists. the endorsement of hidden debt often means greater risks, which also prompts government departments at all levels to pay more attention to the management of hidden debt and formulate more complete policy measures to prevent and resolve such risks.
future outlook
in the face of hidden debt issues, local governments need to strengthen supervision and impose strict requirements on relevant departments and individuals to ensure national fiscal security and prevent similar cases from happening again. at the same time, government departments at all levels need to strengthen internal supervision mechanisms, establish a sound risk prevention system, and promptly discover and deal with potential hidden debt risks to maintain national economic security and stable development.