The units listed in the joint announcement include local state-owned enterprises, private enterprises, subsidiaries of listed companies, district finance bureaus and scientific research units. Five companies owe more than RMB10 million, namely, Dongfeng Wuhan Light Automobile Company owes RMB 23.54 million, Wuhan Hongtaokai Group Co., Ltd. owes RMB 20 million, Wuhan Industrial State-owned Investment Co., Ltd. owes RMB15 million, and Jiangxia District Finance Bureau owes RMB 125 1.9.
It is reported that due to the epidemic situation, tax reduction and fee reduction, Wuhan's fiscal revenue has been greatly affected in recent years. Many of the debts listed by Wuhan Finance Bureau are borrowed early, which are "problems left over from history" and are difficult to collect.
In recent years, financial lending has been constantly regulated. In 20 14, the Ministry of Finance issued the Notice on Further Standardizing the Management of Local Treasury Funds and Financial Special Accounts, aiming at the problems of large-scale external borrowing of financial funds and untimely clean-up, demanding a comprehensive clean-up of existing financial loans and advances, and strictly controlling new financial external borrowing.
The above-mentioned "Notice" requires that the financial loans and advances that have already occurred should be comprehensively cleaned up, funds should be arranged by the budget, new financial foreign debts should be strictly controlled, the examination and approval procedures of financial foreign debts should be strictly regulated, the daily management of financial foreign debts should be strengthened, and the recovery guarantee and accountability mechanism of financial foreign debts should be established.