Officials from the Ministry of Finance answered questions from reporters about the management measures for the development of government financing guarantees.

Taking cooperative policies to help them develop with high quality. Chapter IV of performance assessment, the local finance department leads in setting assessment indicators, focusing on assessing the situation of supporting small and medium-sized enterprises and agriculture, linking assessment results with salary and compensation, using performance assessment as a "command baton"; At the same time, establish a mechanism of due diligence and accountability to stimulate the enthusiasm and initiative of frontline staff. Chapter V of supervision and management, strengthen and improve financial supervision, local finance departments, financial regulatory agencies and other departments perform their duties, intensify supervision, inspection and accountability, and establish a solid "firewall" for risk prevention and control of government financing guarantee system. Institutions deviating from the primary agricultural support and assistance, shall be promptly interviewed and supervised for rectification by local financial regulatory institutions; those who refuse to rectify or still fail to meet the requirements after rectification, shall be promptly removed from the list of governmental financial guarantee institutions.The second is to strengthen the main responsibility of institutions. Clearly, government-financed guarantee institutions must effectively take on the main responsibility for risk prevention and control, establish a comprehensive risk management system, integrate risk prevention and control throughout the entire process of operational decision-making, business development, and management, strictly control guarantee compensation risks, improve compensation recovery mechanisms, utilize risk compensation funds effectively, establish a sound risk monitoring and early warning mechanism, and ensure sustainable operations. The third is to improve compensation and write-off policies. Clearly, government-financed guarantee institutions should reference relevant provisions on the disposal of non-performing assets and write-off management of financial enterprises when dealing with compensation assets and losses, emphasize the reasonable and full provision of risk reserves, conduct mortgage registration and recovery activities in accordance with the law and regulations, and encourage government-financed guarantee institutions to expedite the disposal of compensation assets and promptly restore their guarantee service capabilities. The fourth is to enhance interdepartmental coordinated supervision. Clearly establish a regulatory cooperation mechanism, implement differentiated supervision by local financial management institutions, establish a tiered early warning mechanism, promptly grasp the risk situation, report major risk situations to relevant departments, form a strong regulatory force, and ensure the standardized operation of policy-based financing guarantee services. This article is selected from the official website of the Ministry of Finance, edited by GMTEight: Jiang Yuanhua.