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2019-10-20 01:37:50

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  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

  Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.Rule tightens reins on government borrowing#标题分割#AregulationunveiledbytheStateCouncilonSundayprohibitsauthoritiesfromborrowinginwaysthatskirtlawsandregulationstoraisegovernmentinvestmentfunds,asChinaworkstofurtherstandardizeofficialinvestmentactions.Theregulation,publishedafteraStateCouncildecreewassignedbyPremierLiKeqiang,stipulatesthatgovernmentinvestmentactionsmusttakeaccountofeconomicandsocialdevelopmentlevelsandthesituationoffinancialrevenueandexpenditures.Thebudgetaryrestrictionsovergovernmentinvestmentfundswillbefurthertightened,andgovernment-fundedprogramsmustnotbeconstructedwithcapitaladvancesfromcontractors,theregulationsaid.Theregulation,totakeeffectinJuly,cameafterheightenedeffortsbythecentralgovernmenttoreinindebtsraisedbylocalauthorities,whichareestimatedtohavereached18.4trillionyuan(.7trillion)bytheendof2018.MinisterofFinanceLiuKunsaidinthisyear'slegislativesessioninMarchthatChinawilladoptstringentmeasurestopreventnewillegalborrowingbylocalauthorities.Hesaidtherehasbeenactionbylocalauthoritiestousefinancingplatformstoraisedebtsinviolationoflawsandregulations,andtheministrywillblockthewayforsuchillegaldebt-raisingbehaviorinthefuture.Theregulationalsocalledforstricterimplementationofprogramsandcomplianceoversighttoensurethattherequiredfundsofinvestmentprogramsareinplaceontime.Theapprovalmechanismforgovernment-investedprogramswillbefurtherstandardized,andmajorprogramsmustgothroughproceduressuchasevaluationsbyintermediaryserviceinstitutions,thepublicandexperts,aswellasriskassessment.Governmentinvestmentfundsmustprioritizeinvestmentsintoareaswherethemarketcannoteffectivelyallocateresources,suchsocialservices,publicinfrastructureandenvironmentprotection,theregulationsaid.Italsocallsforequaltreatmentofvarioustypesofinvestmententities,addingthatauthoritiesshouldnotsetupbiasedconditions.ThepremiersaidinhisGovernmentWorkReportthisyearthatChinawillpursueaproactivefiscalpolicywithgreaterintensityandenhanceitsperformance.Atotalof2.15trillionyuanofspeciallocalgovernmentbondswillbeissuedinanefforttoprovidefundingforkeyprojectsandcreateconditionsforbetterforestallinganddefusinglocalgovernments'debtrisks,accordingtothereport.

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