"Accelerate the transformation of the financing platform" "Unqualified individuals" will be completely removed

After the "Government Work Report" this year deployed to "accelerate the separation of government financing functions from local financing platforms", the Central Political Bureau meeting held on July 30 further proposed new requirements to "effectively and orderly advance the clearance of local financing platforms." According to interviewed experts, it is not only necessary to continue to accelerate the separation of government financing functions from local government financing platform companies that are conditionally transformed into independent market-oriented entities, but also to completely eliminate financing platforms that cannot be transformed. Given the different difficulties and pressures in clearing financing platforms in different regions, it is necessary to strengthen policy support for the transformation of financing platforms.