The sixth is to effectively prevent and mitigate risks in key areas. Supervise and guide all regions to make good use of centralized debt support policies to speed up the resolution of existing hidden debts. Deepen cross-departmental regulatory collaboration, and seriously hold them accountable for acts such as adding hidden debts and falsifying debts. Promote consolidated supervision of hidden debt and statutory debt, and strengthen full-caliber local debt monitoring. Promote the reform and transformation of local government financing platforms. The central government arranged 10.42 trillion yuan for local transfers at the beginning of the year, and 9.4 trillion yuan was already issued in the first half of the year. Strengthen monitoring of local financial operations and firmly establish the bottom line of the “Three Guarantees” at the grassroots level. The seventh is to deepen fiscal reform and management. Strengthen supporting links to ensure the smooth implementation of the Value-added Tax Law and its implementing regulations. Improve the local tax system and steadily push forward local additional tax legislation. Improve the financial transfer system and launch a pilot project to integrate and coordinate the use of transfer funds. Guide local authorities to push forward financial system reforms below the provincial level. Further promote pilot financial science management, and continue to raise the level of systematization, refinement, standardization and rule of law in financial management. Strengthen financial supervision and launch a three-year action to improve the quality and efficiency of financial supervision. Insist on saving money, and effectively use financial resources for urgent development needs and critical areas of people's livelihood.

The sixth is to effectively prevent and mitigate risks in key areas. Supervise and guide all regions to make good use of centralized debt support policies to speed up the resolution of existing hidden debts. Deepen cross-departmental regulatory collaboration, and seriously hold them accountable for acts such as adding hidden debts and falsifying debts. Promote consolidated supervision of hidden debt and statutory debt, and strengthen full-caliber local debt monitoring. Promote the reform and transformation of local government financing platforms. The central government arranged 10.42 trillion yuan for local transfers at the beginning of the year, and 9.4 trillion yuan was already issued in the first half of the year. Strengthen monitoring of local financial operations and firmly establish the bottom line of the “Three Guarantees” at the grassroots level. The seventh is to deepen fiscal reform and management. Strengthen supporting links to ensure the smooth implementation of the Value-added Tax Law and its implementing regulations. Improve the local tax system and steadily push forward local additional tax legislation. Improve the financial transfer system and launch a pilot project to integrate and coordinate the use of transfer funds. Guide local authorities to push forward financial system reforms below the provincial level. Further promote pilot financial science management, and continue to raise the level of systematization, refinement, standardization and rule of law in financial management. Strengthen financial supervision and launch a three-year action to improve the quality and efficiency of financial supervision. Insist on saving money, and effectively use financial resources for urgent development needs and critical areas of people's livelihood.