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<CN Home>CN MOF: Local Govts Must Prioritize Projects with Revenue Potential Based on Financial Capacity, Urgency
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China’s State Council forwarded the Ministry of Finance (MOF)'s “Guiding Opinions on Regulating the Construction and Operation of Government and Social Capital Cooperation Stock Projects”, which stated that local governments should prioritize projects with certain revenue potential based on economic and social development needs, project nature, and financial capacity. Projects nearing completion should be expedited, with construction pushed forward, timely acceptance and settlement, and early operation commencement. For projects progressing slowly, further evaluation of construction content is needed to consider reducing implementation scale, optimizing construction standards, and adjusting supporting construction content to reduce unnecessary construction costs. AASTOCKS Financial News Website: www.aastocks.com |
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