Ministry of Finance Party Group: Guide local authorities to implement a series of incremental debt support policies to further strengthen the management of special bonds throughout the process

The Zhitong Finance App learned that on September 22, the Party Group of the Ministry of Finance of the Communist Party of China issued a notice on the third round of inspection and rectification of the 20th Central Committee. Focus on preventing and mitigating financial risks. Increase support for localized debt. According to the decisions and arrangements of the Party Central Committee, local government debt limits of 6 trillion yuan will be increased to replace hidden debt stocks, ease local debt repayment pressure and interest burdens, and support local authorities to free up more resources to develop the economy and protect people's livelihood. Guide local authorities to implement policies, and the issuance and use of the 2 trillion yuan replacement bond quota will be completed in 2024. The State Office was requested to issue opinions on optimizing and improving the management mechanism for local government special bonds. Organize local authorities to rectify the problem of illegal use of special bonds, and urge relevant localities to complete the work of seizing funds. Strengthen research and response to the decline in land concession income, guide local authorities to strictly use revenue and expenditure, and prepare land concession income and expenditure budgets. Cooperate with relevant departments to research and issue special bonds to support land reserves and purchase existing commercial housing for affordable housing policies to help stop the decline and stabilize the real estate market.

The next step is to better coordinate development and security to effectively prevent and mitigate financial risks. Guide local authorities to implement a series of incremental debt support policies, and coordinate tasks such as hidden debt replacement, financing platform reform and transformation, and investigation and accountability of illegal borrowing. Further strengthen the management of the whole process of special bonds. Urge local authorities to always prioritize the “Three Guarantees” and secure the bottom line of the “Three Guarantees” at the grassroots level. Fully evaluate and properly address various factors affecting fiscal revenue and expenditure to ensure budget balance and smooth financial operation.

The original text is as follows:

Notice from the Party Group of the Ministry of Finance of the Communist Party of China on the third round of inspection and rectification of the 20th Central Committee

According to the unified deployment of the Central Committee, from April 15 to July 20, 2024, the First Inspection Team of the Central Committee carried out routine inspections of the Party Group of the Ministry of Finance. On October 18, 2024, the Central Inspection Team gave feedback on the inspection to the Party Group of the Ministry of Finance. In accordance with the relevant requirements of the inspection work, the inspection and rectification progress will now be announced.

I. Status of the Party Group's performance of the main responsibility for inspection and rectification

The Party Group of the Ministry of Finance has steadfastly supported the political level of “two establishment” and resolutely achieved “two maintenance”. With a spirit of thorough self-revolution, the Party Group of the Ministry of Finance treated every issue indicated by the inspection as a must-answer political question, carrying out the main responsibility for rectification and reform, the responsibility of the first person responsible, and “one post and double responsibility”, and made every effort to carry out the rectification tasks without compromise, providing strong financial guarantees for further comprehensive deepening of reforms and advancing Chinese-style modernization.

(1) Adhere to political leadership, deepen thinking and practice, and firmly grasp the correct direction of inspection and rectification. The Ministry and Party Group insisted on studying, understanding and thoroughly implementing Xi Jinping's ideology of socialism with Chinese characteristics in the new era as the general guide for inspection and rectification work. Immediately after the inspection feedback meeting, the Party Secretary presided over a meeting to convey the spirit of General Secretary Xi Jinping's important speech while listening to the comprehensive report on the central inspection situation, the spirit of the centralized inspection feedback meeting and inspection feedback, and to study and deploy inspection and rectification work. Follow up and study the spirit of General Secretary Xi Jinping's important speeches at the Central Economic Work Conference, the Democratic Life Conference of the Political Bureau of the CPC Central Committee, the 4th Plenary Session of the 20th Central Commission for Discipline Inspection, and the national “Two Sessions”, as well as the spirit of important instructions and instructions on financial work. The benchmarking process continued throughout the rectification and reform process. The units within the organization department will thoroughly study and understand, and will convey the rectification requirements from a political perspective and from a political perspective to every grass-roots party organization and every party member and cadre, laying a solid political and ideological foundation for real account recognition, real reflection, real rectification, and real responsibility.

(2) Adhere to the above leadership, strengthen organizational leadership, and firmly shoulder the political responsibility of inspection, rectification and reform. The Ministry Party Group immediately set up a leading group for inspection and rectification work. The party group secretary served as the team leader, and other comrades from the party group were members to strengthen unified leadership of the inspection and rectification work. The Party Secretary carries out the responsibilities of the first responsible person, directly directs, directly deploys, directly promotes the rectification work, takes the lead in claiming responsibility and handling issues, and has presided over several meetings of the leading group to not only coordinate the overall work of the rectification and reform, but also study and resolve specific issues, consolidate responsibilities and channel pressure. Other comrades in the party group carry out “one post and two responsibilities”, actively oversee issues in the fields they are responsible for, research and supervise rectification work, and coordinate the resolution of key difficult issues.

(3) Adhere to quality first, implement closed-loop management, and promote follow-up and control throughout the inspection and rectification process. The Ministry and Party Group studied and formulated a rectification plan and a “three-item list” based on inspection feedback, proposed highly targeted, operable, and inspectable rectification measures, clarified the lead leaders, responsible departments, and completion time frames item by item, and simultaneously formulated special inspection and rectification plans for personnel selection and internal inspection. The Party Secretary clearly requested all units to establish rectification and reform work mechanisms accordingly, implement account management, and establish a system of interlocking and hierarchical responsibility. Keep an eye on the degree of rectification and reminders to improve the quality of rectification. Establish a marketing mechanism for initial review by the first lead unit, inspection by party group comrades, review by leading group office, and collective review by the leading group to form management of the entire process of account construction, payment, supervision, and cancellation of accounts to ensure the quality of rectification and reform.

(4) Adhere to key breakthroughs, focus on treating both symptoms and root causes, and strengthen the application of inspection and rectification results. The Ministry and Party Group have stepped up their efforts to drive comprehensive deepening of rectification and reform through rectification of key issues. The Party Secretary presided over a democratic life meeting on the topic of inspection and rectification. Party group members carefully compared, examined and analyzed, and further clarified the direction and initiatives to seek breakthroughs and development through rectification and reform. The Ministry Party Group not only promoted the resolution of specific issues in some regions and fields indicated during the inspection, but also studied and formulated a number of institutional policies involving local government debt risk mitigation, special bond management, grass-roots “Three Guarantees”, and party building personnel management, etc., to play a role in promoting construction and governance through patrolling reforms. In particular, we insist on combining inspection and rectification with policy design. We promoted the introduction of an incremental fiscal policy in the fourth quarter of last year, and implemented a more active fiscal policy this year, making every effort to promote the continued recovery of the economy.

(5) Insist on working in the same direction, consciously accept supervision, and strengthen the strict atmosphere of inspection and rectification. The Ministry and Party Group strengthened requests for instructions and reports, actively accepted inspections, rectification and supervision, and promoted the integrated implementation of principal responsibilities and supervisory responsibilities. It received on-site supervision from the Central Commission for Discipline Inspection, the State Supervision Commission, and the Central Organization Department, further pressurized and strengthened efforts to reflect on the issues pointed out and then rectify them. The Party Secretary regularly communicated with the head of the Ministry's Discipline Inspection and Monitoring Team, and held special meetings and chambers of commerce between the Ministry's Party Group and the Ministry's Discipline Inspection and Monitoring Team. They answered the same questions and promoted the deepening and practical inspection and rectification.

II. Inspection feedback on the implementation of rectification and reform of key issues

(1) Implementation of the Party's line, guidelines and policies, and the central government's major decisions and arrangements.

1. Focus on preventing and mitigating financial risks. Increase support for localized debt. According to the decisions and arrangements of the Party Central Committee, local government debt limits of 6 trillion yuan will be increased to replace hidden debt stocks, ease local debt repayment pressure and interest burdens, and support local authorities to free up more resources to develop the economy and protect people's livelihood. Guide local authorities to implement policies, and the issuance and use of the 2 trillion yuan replacement bond quota will be completed in 2024. The State Office was requested to issue opinions on optimizing and improving the management mechanism for local government special bonds. Organize local authorities to rectify the problem of illegal use of special bonds, and urge relevant localities to complete the work of seizing funds. Strengthen research and response to the decline in land concession income, guide local authorities to strictly use revenue and expenditure, and prepare land concession income and expenditure budgets. Cooperate with relevant departments to research and issue special bonds to support land reserves and purchase existing commercial housing for affordable housing policies to help stop the decline and stabilize the real estate market. Improve the mechanism of the “Three Guarantees” system at the grassroots level, strictly implement hierarchical guarantee responsibilities, and improve the responsibility system mainly at the county level, assistance (underwriting) at the municipal level, and underwriting at the provincial level. Strengthen budget execution monitoring and treasury fund scheduling, and prioritize the “Three Guarantees” expenses.

2. Conscientiously carry out the main business of national financial management. Strengthen budget coordination in the preparation of the 2025 budget. Establish and improve investment management coordination mechanisms within the central budget, and make good connections between plans and budgets. Optimize the investment of government investment funds. Comprehensively sort out the central government's transfer allocations to local authorities, and further standardize the review of fund allocations. Local finance departments are urged to strengthen budget preparation and execution management. Strengthen normalized supervision of budget execution, urge relevant provinces to rectify the problem of misuse of nutritional meal subsidy funds, carry out supervision, inspection and “look back” on the rectification, and jointly issue notices with the Ministry of Education and others to further strengthen the management of meal expenses in primary and secondary schools. Increase the deterrent power of financial supervision, carry out special inspections and impose severe administrative penalties on the PricewaterhouseCoopers Evergrande Real Estate Audit Project. Establish a “1+N” work system to combat financial fraud, and strengthen the quality of accounting information and the supervision of the certified public accountant industry. Improve relevant working mechanisms, and guide local supervisory authorities to further highlight their main business and strengthen supervision.

3. Strengthen the implementation of fiscal and taxation system reforms. Accelerate fiscal and taxation legislation. The value-added tax law was reviewed and passed by the Standing Committee of the National People's Congress and will come into effect on January 1, 2026. Improve the Ministry of Finance's legislative work mechanism, and strengthen implementation notification and supervision. Implement the spirit of the Third Plenary Session of the 20th CPC Central Committee, formulate plans to implement the division of labor and implementation plans for reform initiatives led by the Ministry of Finance, as well as implementation plans and accounts for deepening fiscal and taxation system reform, and carry out major reform tasks. Establish an incentive and restraint mechanism for transfer payments to promote high-quality development, and issue 40 billion yuan of incentive funds in 2024. Fully implement the pilot water fee tax reform project. Establish a regular dispatch meeting system to follow up and supervise the implementation of annual reform tasks. Sixteen central departments took the lead in launching zero-based budget reform pilots, and organized local authorities to carry out pilot financial science management. Cooperate in formulating tax-related information reporting regulations for Internet platform enterprises. Strengthen and improve the construction of financial informatization.

(2) Implement the Party's strategic plan to comprehensively and strictly govern it.

1. Strengthen the Party's political responsibility to comprehensively and strictly govern. Communicate the spirit of studying the 4th Plenary Session of the 20th Central Commission for Discipline Inspection in a timely manner, and hold a work conference on building a clean party style and government in the financial system to make arrangements. Implement the opinions of the central government and state departments and party groups (party committees) on implementing the main responsibilities of organ party building, revise and publish the Ministry and Party Group's list of responsibilities for comprehensively and strictly governing party subjects, and draw up an annual list of key tasks for political supervision. Implement the three-year action plan to lead the education of young cadres from the central government and state agencies, establish and improve a mechanism for regular heart-to-heart conversation among young cadres, and strengthen research and judgment on ideological dynamics and supervision of education management. Improve the internal inspection work mechanism, strictly control the rectification plan, and improve the quality of inspections.

2. Effectively carry out on-site supervisory duties. The Ministry's Discipline Inspection and Monitoring Team has strengthened supervision of the Ministry's Party Group studying and implementing the spirit of General Secretary Xi Jinping's important instructions and instructions, and has improved the working mechanism for political supervision throughout the process. The Ministry of Finance is urged to cooperate with relevant departments to study and enact the rural collective economy organization law, and at the same time do a good job of centralizing special rectification of outstanding issues in the “three capital” supervision of the rural collective economy and safeguarding and supervising the operating funds of village-level organizations.

3. Strengthen the management and supervision of cadre education. Do a good job in policy interpretation and reporting guidance for leading cadres to report personal matters, regularly remind and supervise that reports should be fully reported, and step up supervision of “first-in-command” reports.

4. Seriously rectify the “Four Winds” issue. The Ministry of Finance held a mobilization and deployment meeting to thoroughly implement the Eight Provisions of the Central Committee for spiritual study and education to promote academic investigation and reform in an integrated manner. Optimize the mechanism for soliciting comments and processing documents, carry out special inspections, and urge all units to improve efficiency. Further standardize the implementation procedures for financial responsibility audits within the Ministry and enhance the timeliness of work. Formulate administrative rules for cadre education and training students, strictly discipline training, and strengthen follow-up management. Give full play to the role of special working mechanisms within the Ministry to refine and implement tasks related to rectifying formalism to reduce the burden on the grassroots level.

(3) Implementation of the Party's organizational line in the new era.

1. Strengthen the leadership team's own construction. Implement the democratic centralization system, strictly implement systems such as the work rules of the Ministry's Party Group and the management rules on the topics of the Ministry Party Group, formulate notices relating to the Ministry's Party Group to further strictly implement the decision-making system on “three and one big” matters, implement catalogues and annual accounts management for internal work coordination mechanisms led by party group members, and raise the level of scientific and democratic decision-making in accordance with the law.

2. Strictly and pragmatically carry out cadre building. Strengthen the overall planning of the cadre workforce, formulate and issue the Ministry of Finance's opinions on implementing the National Party and Government Leadership Team Building Plan Outline, and the Ministry of Finance's opinions on further strengthening cadre building. Continue to clear communication channels for cadres from the Ministry, the Supervisory Authority and subordinate units, select outstanding departmental deputy officers for cross-field communication and training, and implement the Supervisory Authority's key strength training project.

3. Consolidate the foundation of grass-roots party building. Implement the responsibility system for party building work, and hold meetings of the Ministry's Party Building Leading Group several times to plan and arrange the party building work of the Ministry of Finance. Formulate and implement key points for Party building work and discipline inspection work in 2025, and revise the list of responsibilities of the Party Committee and Party Branch to implement comprehensive and strict government of the Party. Strengthen classification guidance for grass-roots party organizations. Organize training courses for party organization secretaries and party affairs cadres, hold an experience exchange forum for the “top four” party branches, and formulate and introduce selection methods for the “top four” party branches.

(4) Implement the rectification of problems discovered during the previous round of inspections.

Strengthen performance management and industry supervision. Conduct preliminary performance evaluations of central departments' applications for new and continuing implementation of major projects when they expire, strengthen policy and project performance evaluations in key areas, and promote the application of evaluation results. Strengthen the construction of management platforms for the accounting industry, and carry out quality inspections of the practice of accounting firms and asset evaluation agencies. Improve the mechanism for evaluating the effects of policies, improve the annual key research mechanism of the Ministry and Party Group, strengthen effectiveness evaluation and policy improvements, and encourage units within the Ministry to use research to evaluate the effects of fiscal and taxation policies as a key topic selection direction. Strengthen transfer management. In the 2025 budget arrangement, incremental transfer funds will mainly be used for financial transfers to strengthen local financial security. Improve the state-owned financial capital management system, issue notices to strengthen the management of state-owned property rights transactions carried out by property rights trading institutions, etc., and solicit comments from the outside world on measures for evaluating and supervising the state-owned assets of financial institutions.

III. Progress of matters requiring long-term rectification

(1) Implementation of the Party's line, guidelines and policies, and the central government's major decisions and arrangements.

1. Promote scientific financial management. Strengthen the prevention and treatment of financial risks, combine hidden debt replacement with the transformation of local government financing platforms, and speed up the divestment of the platform's government financing function. Relying on an integrated budget management system, the monitoring of “Three Guarantees” treasury funds at the grassroots level is strengthened. Strengthen information sharing between departments and bureaus, and implement investment review mechanisms within the central budget. Improve the financial fund management system and revise the management measures for compensation and supplementary funds for ecological protection and high-quality development of the Yellow River Basin. Continue to strengthen financial supervision work and organize and carry out special financial supervision actions. Do a good job of publicizing and training accounting regulations, and guide unit heads and accountants to establish a firm concept of integrity. Strict temporary payment management, guide local authorities to standardize the accounting of temporary payment operations, and implement monitoring and early warning of local temporary payments.

2. Accelerate the establishment of a modern financial system. Implement legal tax principles and promote the inclusion of the consumption tax law in the 2025 legislative plan of the Standing Committee of the National People's Congress and the State Council. Improve land value-added tax policies. Advance key reform tasks in an orderly manner, study and draft opinions on improving the budget system, and opinions on improving the financial transfer system. Conduct research by category, move forward the consumption tax collection process step by step, and steadily downgrade local reforms. Strengthen research on major fiscal and taxation issues, closely follow the financial situation, and report a number of research results on consumption, prices, land, external challenges, etc. Cooperate with the revision of tax collection and administration laws.

(2) Implement the Party's strategic plan to comprehensively and strictly govern it.

1. Tighten and consolidate the responsibility of managing the Party and governing the Party. The Ministry and Party Group draw up an annual schedule for implementing key tasks to comprehensively and strictly control the responsibilities of the party's main body, and carry out the tasks one by one. Party group comrades regularly review the performance of the party organization secretary of the unit in charge, and strengthen supervision and guidance for the supervisory unit to comprehensively and strictly govern the work of the Party by attending debriefing meetings, democratic life meetings, organizational life meetings, etc. The Ministry's Party Group held a special meeting with the Ministry's Discipline Inspection and Monitoring Team to investigate the situation of building a clean party style and government and comprehensively and strictly govern the work of the Party, and carry out the implementation of the meeting's opinions. Promote the normalization and long-term effectiveness of Party discipline study and education, and issue integrity reminders at important time points. Conscientiously convey the spirit of the Central and State Agencies Warning Education Conference, report typical cases of disciplinary offenses, strengthen educational reminders, and deepen learning from the case.

2. Give better play to the supervisory role of stationed personnel. The Department's Discipline Inspection and Monitoring Team takes central inspection and rectification supervision as an important part of political supervision, strictly controls the rectification plan and accounts, sales numbers, etc., and promptly reports the situation to the Central Commission for Discipline Inspection and the State Supervision Commission. According to a certain percentage, problem leads that have been dealt with by means of letters and inquiries since 2021 are randomly checked and verified. Coordinate the deployment of “three modernizations” of financial discipline inspection agencies, organize training courses for national financial (social security) discipline inspection and supervision cadres, supervise the investigation and handling of cases by the Commission for Discipline Inspection, promote the strengthening of discipline inspection work of the supervisory bureau and rotation of discipline commission secretaries of subordinate units, and conduct group interviews with discipline commission secretaries of subordinate public institutions to urge the improvement of discipline enforcement capabilities and supervision efforts.

3. Maintain a high-pressure stance of punishing corruption. Keep an eye on key areas such as power concentration and capital intensity, and dig deeper into problem clues. Support the stationed discipline inspection and monitoring team and the agency's Commission for Discipline Inspection to seriously investigate and punish cases. Conduct integrity talks with newly nominated departmental and departmental cadres, conduct knowledge tests on the Party's internal regulations, and conduct on-site debriefing sessions for the Secretary of the Commission for Discipline Inspection. “Look back” on the implementation of discipline inspection and supervision recommendations, carry out internal control assessments and audits to identify problems, make up for shortcomings in the system and management weaknesses, and enhance the ability to prevent and control business risks and integrity risks.

4. Build a strong dam according to the Eight Regulations of the Central Committee. Investigate and punish moral issues that violate the Eight Regulations of the Central Committee in earnest. Strengthen education on clean party style and government, and arrange courses for building a clean party style and government in relevant training courses within the Ministry. Establish a “double special class” operation mechanism with the on-site discipline inspection and monitoring team to cooperate in nationwide centralized control of “school meals,” supervision of the use of rural revitalization funds, health insurance funds, management of funds involving the elderly, etc., as well as special rectification of corruption and chaos in the funeral sector.

(3) Implementation of the Party's organizational line in the new era.

1. Build a strong and well-managed leadership team. Highlight political control, and carry out detailed cadre inspections and tasks such as the “Four Must-Haves for Everything.” Strengthen daily supervision of various unit teams by comprehensively using methods such as cadre assessments and inspections, attending relevant meetings, and receiving letters, petitions, and reports. In the internal inspection carried out in 2024 and the internal inspection plan for 2025, the “top leader” carried out his duties with due diligence and team building were the focus of supervision.

2. Build an excellent financial cadre. Strengthen political training for cadres, organize and implement the financial system Xi Jinping's education and training program on the ideology of socialism with Chinese characteristics in the new era, and set up courses related to Xi Jinping's ideology of socialism with Chinese characteristics in the new era in the 72nd cadre education and training course in 2025. Improve the personal knowledge system of governors, and vigorously select cadres with excellent politics, daring to take responsibility, forge ahead, have outstanding performance, and are clean and honest. Strengthen the application of assessment results and motivate cadres to take responsibility.

3. Improve the quality of grass-roots party building work. Improve the reporting, review and assessment mechanism for party organization secretaries to focus on party building work. Ministry party group secretaries will host on-site debriefings and review them one by one. Adhere to and improve the implementation mechanism for Party Organization Secretaries and Discipline Inspection Commission Secretaries (discipline inspection team leaders, discipline inspection committee members) of all units to carry out the quarterly list of key tasks for comprehensively and strictly governing the Party's responsibilities, and further consolidate the responsibility for carrying out party building work. Strengthen supervision and guidance on the party building work of supervisory authorities and subordinate units, and promote the deep integration of party building and business.

(4) Implement the rectification of problems discovered during the previous round of inspections.

Organize and carry out self-assessments of central departmental project expenditure and the central government's performance of local transfers, conduct spot checks and reviews of self-evaluation results, and promote the improvement of the quality of self-evaluation of performance. Strengthen the management of dispatching equity directors, hold training courses and symposiums for directors and executives, prepare materials such as basic knowledge books for directors and executives, improve annual assessments, and supervise and guide directors and executives to perform their duties with due diligence.

(5) Check the handover problem leads and the processing of letters and petitions.

The Ministry's Discipline Inspection and Monitoring Team establishes an inspection and handover problem leads and forms a special inspection team to expedite the inspection. Strengthen supervision and guide the handling of leads and the investigation and handling of cases for those handled by the agency's Commission for Discipline Inspection and the Department of Personnel Education.

IV. Plans for next work

On the basis of the phased results of the centralized rectification period, the Ministry and Party Group will continue to thoroughly study and implement the spirit of General Secretary Xi Jinping's important speech and instructions, earnestly implement the “Opinions on Strengthening Inspection and Rectification and Application of Results”, continue to consolidate rectification responsibilities, and insist on carrying out political rectification and reform under the supervision and guidance of the Central Commission for Discipline Inspection and the State Supervision Commission, the Central Organization Department, and the Central Inspection Office to push the financial work and the Ministry of Finance to comprehensively and strictly govern the Party to a new level.

(1) Continue to deepen the construction of political institutions and firmly implement “two maintenance”. The Party Group plays a leading role, upholds and improves systems such as the “First Topic”, and grasps rules, solves problems, and promotes work in learning, thinking and implementing the Party's innovative theory. Education guides members and cadres of the Finance Party to further enhance their political acumen, so that their political literacy and political ability can better match their duties. Focus on implementing the spirit of General Secretary Xi Jinping's important instructions and instructions, compacting the chain of responsibility, and ensuring that everything is settled and everything comes to fruition. Strictly clarify political discipline and rules, and resolutely ensure that the General Secretary has orders, the Party Central Committee has arrangements, and financial opinions and actions.

(2) Better coordinate development and security, and effectively prevent and mitigate financial risks. Guide local authorities to implement a series of incremental debt support policies, and coordinate tasks such as hidden debt replacement, financing platform reform and transformation, and investigation and accountability of illegal borrowing. Further strengthen the management of the whole process of special bonds. Urge local authorities to always prioritize the “Three Guarantees” and secure the bottom line of the “Three Guarantees” at the grassroots level. Fully evaluate and properly address various factors affecting fiscal revenue and expenditure to ensure budget balance and smooth financial operation.

(3) Steadily push forward the reform of the fiscal and taxation system and raise the level of scientific financial management. Strengthen reform efforts and push for more progress in areas such as financial resources and budget coordination, zero-based budget reform, tax reform, local tax system construction, non-tax revenue management, and improvement of the transfer payment system. Guide local authorities to further promote pilot financial science management, and comprehensively raise the level of systematization, refinement, standardization, and rule of law. Focusing on “strengthening, focusing, and optimizing”, financial supervision is carried out in accordance with the law and regulations, financial discipline is further strengthened, and the implementation of the decisions and arrangements of the Party Central Committee is promoted.

(4) Consolidate the responsibility of comprehensively and strictly governing the Party, and further promote positive discipline and anti-corruption. Conscientiously implement the spirit of the 4th Plenary Session of the 20th Central Commission for Discipline Inspection, solidly carry out spiritual studies and education to thoroughly implement the Eight Regulations of the Central Committee, and promote new results in the construction of work style. Consolidate and deepen the achievements of Party discipline study and education, so that discipline education can be integrated throughout the entire cycle of cadres' growth and into the whole process of organizational management. Use the “four forms” accurately to promote common investigation and treatment of corruption, and strengthen supervision of the operation of financial power. Support the stationed discipline inspection and monitoring teams to supervise discipline enforcement and accountability, strengthen the construction of discipline commissions in organs and subordinate units, and raise the level of standardization, rule of law and formalization of discipline inspection work.

(5) Thoroughly implement the Party's organizational line in the new era and build a loyal, clean and responsible team of high-quality financial cadres. Strengthen leadership team building, establish and implement a correct view of political performance, and enhance overall functions and work synergy. Focus on long-term strengthening cadre building, clearly establish a practical performance orientation, optimize assessment, evaluation and application of results, increase cadre exchanges, and strengthen competency and quality building. Compile the responsibilities of party group secretaries, party committee secretaries, and grass-roots party organization secretaries, grasp the institutional leadership system, deepen the creation of the “top four” party branches, promote ideological construction, team building, and business construction in an integrated manner, and promote the high-quality development of institutional party building.

(6) Promote the normal long-term effectiveness of inspection and rectification, and continue to do a good job in the “second half of the article” of the inspection. Strengthen work scheduling, supervision and guidance, and continue to push for inspection feedback issues to be put in place and thoroughly revised. Do a good job of following up on the results of the completed rectification tasks, and carry out a “look back” in due course to prevent the problem from rebounding. Tasks that require continuous rectification must be kept on a close watch and carried to the end to ensure that the goals of rectification are achieved. Integrate inspection and rectification into daily work and functional responsibilities, promptly upgrade effective empirical practices into institutional results, and promote high-quality financial development through high-quality rectification and reform.

Party Group of the Ministry of Finance of the Communist Party of China

September 22, 2025

This article was edited from the “Ministry of Finance Official Website”; Zhitong Finance Editor: Li Fu.