2. The liabilities of financing platform companies in the report are different. By the end of 20 10, according to the report of the national audit office, the total liabilities of all financing platform companies in China were 4.97 trillion yuan. However, according to the report of China Banking Regulatory Commission, by the end of 20 10, the total liabilities of all financing platform companies in China reached 9 1 trillion yuan.
3. The statistical caliber is different. According to the definition of the National Audit Office, local government financing platform companies are economic entities established by local governments, their departments and institutions, and their affiliated institutions. Through financial allocation or injection of assets such as land and equity, it has the investment and financing function of government public welfare projects and has the qualification of independent enterprise legal person.
However, according to the statistics of the China Banking Regulatory Commission, institutions, enterprises are all included in the scope of local government financing platforms, while the number of platforms and their liabilities announced by the National Audit Office are limited to "platform companies".
Compared with the data of CBRC, there is no serious underestimation of local government debt. The difference between the two is that the CBRC is concerned about the overall loan risk exposure of the banking system in local governments, so it adopts a broader statistical caliber. The National Audit Office has made a more detailed division of the debt subjects of local governments.