1. Project background
In order to thoroughly implement the decision-making and deployment on August 3 on the full prevention and resolution of debt risks, effectively control the scale of debt in a safe and reasonable area, improve operational capabilities, and complete market-oriented transformation. All provinces and municipalities have regarded the prevention and resolution of debt risks as an important political task, strictly implemented the main responsibility for the prevention and resolution of debt risks, established and improved the emergency response mechanism for debt risks, persisted in implementing policies by category and prudently resolving them, actively formulated plans for the prevention and resolution of debt risks, and conscientiously fought a tough battle to prevent and defuse major risks. China Construction Policy Research Institute carried out systematic planning from the overall structure of "asset side + debt side + financing side" and proposed a full-caliber debt resolution plan. Clarify the objectives of debt management, reconstruct the overall idea of debt management, design scientific and reasonable debt resolution models, paths, methods, measures and action plans, promote strategic optimization, industrial reorganization, asset revitalization and other work, and promote ensuring that state-owned enterprises can obtain the capital needed for debt repayment and construction and development on time and in full, so as to promote the high-quality and sustainable development of the regional economy. The main basis of the work is as follows: "Notice of the General Office on Printing and Distributing the Emergency Response Plan for Local Debt Risks" (Guo Ban Han [2016] No. 88).
Notice of the General Office of the Communist Party of China on Printing and Distributing the Measures for the Accountability of Local Hidden Debts (Zhong Ban Fa [2018] No. 46).
Notice on Further Regulating Local ** Debt Financing Behaviors (Cai Shui 2017 No. 50).
Guidelines for the Statistical Monitoring of Local ** Hidden Debts".
Instructions for the Statistical Filling of Local Full-caliber Debt Inventory of the Ministry of Finance
Opinions of the Communist Party of China on Preventing and Resolving Local Debt Risks (Zhongfa 2018 No. 27);
Guiding Opinions on Banking and Insurance Institutions to Further Improve the Prevention and Resolution of Local Hidden Debt Risks (Yin Bao Jian Fa 2021 No. 15).
Second, the work content and process
1.Scope of work: statutory debt resolution plan, implicit debt resolution plan, local ** arrears project payment resolution plan, platform company platform by ** responsible for repayment of debt resolution plan, local ** need to repay other debt resolution plan.
2.Debt mapping: Find out the full range of debt bases. Including debt management system data and off-system data, involving debt types: regional general bonds, special bonds, bank loans, exchange products (corporate bonds, corporate bonds), dealers association products (medium bills, PPN), debt financing plans, bank loans, trusts, financial leasing and other financing channels of the financing amount, term, interest rate, etc., a comprehensive and true reflection of the debt base.
3.Statistical analysis: Statistical analysis by nature of debt. Statistical classification and analysis shall be carried out according to the classification and identification of ** debt, hidden debt, concerned debt, operating debt, etc. Statistical analysis by term and interest rate. Analyze the term structure and interest rate of various types of debt, and calculate the comprehensive financing cost. Accordingly, reimbursements can be clarified, reductions can be audited, and the eradication of reimbursed data can be completed.
4.Coordination and analysis of assets and funds: Coordinate the investigation of various types of repayable assets and funds, and other assets, mainly involving real estate and enterprise operating income.
5.Debt management plan formulation: Formulate a debt management framework plan for the next five years by comprehensively using various methods and taking into account the current debt status and the debt repayment funds and assets of each region. According to factors such as the scale of debts, the type of creditor's rights, and the characteristics of the project, formulate a detailed operation plan, and do a good job in the "one debt with multiple policies" plan.
6.Modification and determination of the plan: According to the opinions of the management of the urban investment platform and the local finance, it will be determined after modification.
7.Value-added services:
1) Expert training: Hire well-known experts to organize training for the company or relevant departments and units in the region in combination with the latest policy requirements.
2) Management and control planning: For local state-owned enterprises, through the information system, to prevent debt risks, real-time dynamic supervision, and formulate preliminary planning plans.
3. Basic work outline (the outline varies from place to place, and can be adjusted according to local conditions).
Directory. 1. Background analysis.
2. Current situation and problems.
1) Debt situation of all calibers.
2) Progress and results of debt resolution.
3) Debt risks and problems.
3. Core ideas and suggestions for debt resolution.
1) On the financing side, reduce the difficulty of financing and save financing costs.
2) On the debt side, resolve high-interest debts and strictly control new hidden debts.
3) On the asset side, revitalize state-owned assets and raise funds to repay debts
Fourth, the goal of debt resolution.
Five-year debt resolution plan.
1) The principle of debt resolution
2) Bottom-line thinking to prevent risks.
3) Conservative estimation and stable debt.
4) Actively promote and strengthen debts.
6. Safeguard measures.
a) ** Sectoral safeguards.
2) Safeguard measures for state-owned enterprises.
Fourth, the project team
5. Time planning
1.Time planning
The total length of work shall not exceed 60 days2.Services**
Consult the contact person for details of the project cost at each stage.
Note: The cost of the project** is determined by factors such as the content of the project, the difficulty of the work, the number of consultants invested and the number of hours worked, and the degree of contribution to the client.
*The standard is some preliminary ideas on the content and method of the project based on our limited understanding of the project and the service experience of CSCEC. These assumptions and ideas will inevitably be one-sided and biased, and the ideas formed by them cannot fully represent the professional level of China Construction Political Research. It is hoped that based on this, the two sides can carry out full communication and cooperation on the background, objectives, scope, solutions, methods, and resources of the project, and establish a good platform for dialogue. 6. Organizational safeguards
Joint working group model: In order to ensure the implementation of the project plan and achieve the expected goals, it is recommended that the two parties jointly form a joint project team with complementary expertise and complete structure to complete the design and implementation of the consulting plan. 