Expert tips for a long time

The document states:

We will accelerate research on the construction and operation mechanism of major public cultural facilities, and innovate the operation mode that leads the diversified investment of the government and the market.

To support Shenzhen in exploring and establishing an incentive mechanism for R&D investment, attract and encourage leading enterprises, specialized and innovative enterprises and social organizations to invest in large-scale R&D projects and increase investment in R&D

We will continue to improve the law-based business environment. We will carry out the reform of "delegating oversight, regulation and services" based on the classified management of internal control construction, and promote the "three ends" of financial departments, budgetary units, and market entities to reduce burdens and increase efficiency. Explore the use of credit means to strengthen the government's non-tax revenue recovery, and create a good market environment of "incentives to keep faith, punishment for dishonesty". To support Shenzhen to take the lead in exploring a mechanism for CPA firms to improve audit quality, and promote the high-quality development of the CPA industry.

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Opinions on supporting the implementation of Shenzhen's exploring and innovating financial policy system and management system

Financial Forecast [2022] No. 139

Finance Bureau of Shenzhen Municipality

Formulate the implementation advice.

1. Support Shenzhen in exploring a fiscal policy system that promotes quality and balanced public services

1. We strengthened government spending to ensure people's wellbeing. We will encourage Shenzhen to improve the financial security system for providing services to the people's livelihood, establish and improve the management system for the filing of livelihood policies and the expenditure list, and enhance the sense of access and sustainability of policies benefiting the people. We will standardize the arrangements for the transfer of common financial powers, effectively fulfill the central government's expenditure responsibilities for common financial powers in basic public services, and support Shenzhen in building a strong and secure livelihood network. We will make full use of the central government's incentive funds for granting citizenship to rural migrant workers, and ensure that rural migrant workers who have settled in urban areas enjoy the same basic public services as local residents.

2. Promoting the development of people's livelihood through joint efforts, joint governance and common prosperity We will accelerate the establishment of an education input system that ensures full funding for compulsory education, reasonably shares the costs of non-compulsory education, standardizesencourage and support nongovernmental investment in schools, and establish a sound system for ensuring adequate funding for education. We will make further progress in ensuring good education for children and students. We will encourage Shenzhen to establish a high-quality and efficient public hospital system with regional coordination, dislocation development, and expand the supply of high-quality medical and health resources through various fiscal and tax policies. Consider shenzhen population inflows into the demand for housing, increase the central budget for investment subsidies for shenzhen raise affordable housing construction, increasing the central financial town of affordable housing projects of shenzhen public rental housing, affordable rental housing and the support of old village transformation, promote solve city housing problems. We will support Shenzhen in benchmarking to the world's best, accelerate research on the construction and operation mechanisms of major public cultural facilities, and innovate operational modes that lead the diversification of government and market input. We will make good use of public welfare funds from the sports lottery, explore new models of open and shared sports facilities that meet the development needs of mega-cities, and improve the system of public fitness services for all.

3. Supporting the building of a beautiful Shenzhen in China. To guide Shenzhen to formulate fiscal policies and measures to support the work of carbon peaking and carbon neutrality, so as to promote efficient use of resources and green and low-carbon development. We will encourage Shenzhen to increase investment in addressing climate change in accordance with the principle of government guidance and participation of private capital. Shenzhen is encouraged to carry out pilot programs of rewards and penalties based on the total amount of pollutants, the intensity of energy consumption, the intensity of carbon emissions and the gross ecosystem product (GEP). We will support Shenzhen in carrying out a trial of charging for sewage collection and treatment to improve the level of sewage collection, treatment and resource utilization. On the premise of not increasing the hidden debt of local governments, we will make comprehensive use of diversified investment and financing tools to achieve comprehensive improvement in water pollution control. Eligible government investment projects in water pollution control will be included in the scope of local government bond support.

Second, support Shenzhen in exploring a fiscal policy system to promote high-quality economic development

4. Supporting in-depth implementation of the strategy of innovation-driven development We will encourage nongovernmental donations to government science funds or science and technology programs, and explore fiscal and tax policies that encourage enterprises to increase investment in science and technology. To support Shenzhen in exploring and establishing an incentive mechanism for R&D investment, attract and encourage leading enterprises, specialized and innovative enterprises, and social organizations to invest in large-scale R&D projects and increase R&D investment. Shenzhen is encouraged to support the operation of major scientific and technological public infrastructure through diversified means such as fiscal funds and market-based operation income. We will encourage Shenzhen to establish a mechanism for subsidizing and rewarding the opening up and sharing of scientific instruments and equipment, and promote the joint construction and sharing of large-scale scientific research instruments and equipment and major scientific and technological infrastructure. To guide Shenzhen to deepen the reform of the operation and management mechanism of scientific research institutes, support new types of research institutions on a classified basis, and establish a sound financial management system for scientific research institutions linked to performance and results.

5. Supporting the accelerated development of a future-oriented modern industrial system We will promote a better combination of an efficient market and a viable government, encourage Shenzhen to integrate and optimize the distribution of financial resources, and establish a new system of municipal government guided fund investment to support the development of modern industries. We will support Shenzhen in strengthening cooperation with state-level funds, encourage state-level funds to invest in Shenzhen in accordance with market-based principles, and help strengthen and extend the chain of key industries in Shenzhen. Shenzhen will be encouraged to explore and innovate agricultural insurance products and services to help build a modern agricultural industrial system with Shenzhen characteristics. We will support Shenzhen in strengthening fiscal and financial linkages, and use a combination of financing guarantees, market-based risk compensation, and loan discount to guide financial resources to better serve the real economy and foster stronger market players.

6. Enhancing the function of unimpeded domestic and international circulation. We will further implement the strategy of making China a transportation powerhouse, encourage Shenzhen to explore the capital, investment and financing, construction and operation mode reform of rail transit projects without increasing the hidden debt of local governments, and actively carry out the work of strengthening the chain of comprehensive freight hubs. We will support Shenzhen in building itself into an international consumption center, build a comprehensive international jewelry and jade trade platform in Shenzhen, implement the policies of inbound and outbound duty-free shops, and guide the return of high-end overseas consumption. To deepen international financial exchanges and cooperation, guide Shenzhen to apply for sovereign loans from international financial organizations, support infrastructure and "dual carbon" projects in Shenzhen, guide Shenzhen enterprises to strengthen non-sovereign business cooperation with relevant international financial organizations, and encourage Shenzhen to actively host international financial exchange activities such as international multilateral and bilateral economic dialogues.

3. Support Shenzhen in accelerating the establishment of a modern fiscal and taxation system suitable for the pilot demonstration zone

7. Promoting the deep integration of budget and performance management. We will encourage Shenzhen to develop a system of expenditure standards in light of local conditions, dynamically adjust expenditure standards in light of local conditions, and better leverage the basic role of expenditure standards in budget management. Push the budget performance management quality, and the efficiency, to deep into his idea and method of performance budgeting, implement and supervise the whole process, build beforehand matter later performance management closed loop system, promote the major policy, performance management in whole life cycle of key projects, using the method of cost-benefit analysis in advance performance assessment, strengthen the key performance indicators and standard system construction, We will make innovations in evaluating the overall expenditure performance of departments.

8. Promote a new round of urban fiscal system reform. We will further rationalize the financial powers and expenditure responsibilities at the two levels of the urban area, take into account both "delegating power from the strong areas" and "concentrating financial resources to accomplish major tasks" under the guidance of the municipal planning, and accelerate the establishment of a financial relationship between the two levels of the urban area with clear powers and responsibilities, coordinated financial resources and balanced regional balance. We will support the establishment of a mechanism for balanced transfer payments, strengthen the evaluation of the performance of transfer payments and the use of their results, and promote equal access to basic public services. We will encourage Shenzhen to set up funds for major development projects and strengthen financial support for major national, provincial and municipal strategies.

9. Supporting Shenzhen in taking the lead in the national tax reform. We will give full play to Shenzhen's role as an important window and frontier of reform and opening up, focus on building a high ground for institutional innovation, actively undertake major national tax reform work and research topics, continue to be a pioneer and experimental field of reform, and strive to create more replicable and extendable institutional experience for the whole country. In accordance with the unified deployment of the CPC Central Committee and The State Council, to study tax policies in line with the development positioning of Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in Shenzhen Park, so as to promote close cooperation and complementarity in science and technology between Shenzhen and Hong Kong.

10. Improve the local government debt management system. Taking full account of factors such as borrowing space, solvency, project reserve and schedule of use, we will actively support the limit on new local government debt in Shenzhen, and strive to stabilize investment and strengthen weak areas. Local government special bond projects will be regularly reserved and reviewed on a rolling basis. We will strengthen management of local government bond issuance, improve issuance plans, maturity structures, and pricing mechanisms, and appropriately control financing costs. To support Shenzhen in continuing to issue offshore RMB local government bonds, and promote financial market connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area. We will explore ways to establish a system for government debt repayment reserves and guard against the risk of local government special bond payments.

4. Support Shenzhen in exploring effective ways to improve its financial management efficiency

11. Strengthen overall management of government resources. Relying on the development of an integrated budget management platform, we will strengthen overall coordination of financial resources. We will investigate existing state assets on a classified basis, adhere to the principle of market and rule of law, put government equity investment, government property, infrastructure and other government assets to good use, and improve the efficiency of allocating financial resources. Guide Shenzhen to study accounting issues related to data resources. We will actively promote research on data asset management, and explore pilot projects to determine rights, value, manage and make market use of public data assets.

12. Continue to improve the law-based business environment. We will carry out the reform of "delegating oversight, regulation and services" based on the classified management of internal control construction, and promote the "three ends" of financial departments, budgetary units, and market entities to reduce burdens and increase efficiency. We will advance the reform of the government procurement system, support the industrial and large-scale application of new technologies through policies such as first purchase and subscription, and implement the reform of "one license, one license, one license" in government procurement. Encourage Shenzhen to explore the use of credit means to strengthen the government's non-tax revenue recovery, and create a good market environment of "incentives to keep faith, punishment for breaking faith". To support Shenzhen to take the lead in exploring a mechanism for CPA firms to improve audit quality, and promote the high-quality development of the CPA industry.

13. Steadily promoting IT application of public finance. To guide Shenzhen to accelerate the construction of an integrated budget management system and promote the integrated management and operation of financial services. Shenzhen is encouraged to explore the application of building information modeling (BIM) and city information modeling (CIM) technologies to expand the intelligent application scenarios of financial data. We will explore the sharing, analysis and application of financial data, promote the interconnection of systems between departments, and integrate them deeply into the strategic layout of "one-network management" in urban operation. Shenzhen is encouraged to deepen the intelligent transformation and upgrading of public property warehouses, use technology to enable management, and build digital warehouses, smart warehouses and virtual warehouses.

14. Strengthening the construction of financial personnel. We will support Shenzhen in building a new type of financial and economic think tank, and strengthen cooperation with the Chinese Academy of Fiscal Sciences to develop and strengthen the strength of financial research. The Ministry of Finance has selected and sent outstanding cadres to Shenzhen for temporary posts, and Shenzhen has recommended outstanding young cadres to study in the Ministry of Finance on secondment. To support Shenzhen in accelerating the development of a financial talent pool, a faculty pool and a quality course pool, establish a linkage mechanism with the expert studios of the Ministry of Finance, explore the establishment of regional expert studios in the Guangdong-Hong Kong-Macao Greater Bay Area, and create a plateau and platform for attracting and gathering high-level financial and economic talents. Strengthen cooperation in education and training of financial and economic talents, and promote the joint construction and sharing of excellent course teachers and bases.

V. Safeguard measures

The Ministry of Finance and Shenzhen Municipality have strengthened coordination and coordination, and established a coordination mechanism for the implementation of work tasks and major issues. If appropriate conditions permit, Shenzhen may be given the task of piloting and demonstrating fiscal and tax reforms. The Ministry of Finance strengthened policy support and macro guidance, and did a good job in tracking and evaluating the implementation of the work. Shenzhen effectively integrates various resources from the central government, the provincial government and the municipal government, striving to form a number of landmark achievements that demonstrate and lead, and contribute Shenzhen wisdom and Shenzhen solutions to the high-quality development of local finance in the country. Shenzhen Finance Bureau should consolidate the main responsibilities, boldly explore and earnestly work, strengthen the communication and docking with the Ministry of Finance, request instructions and reports, and work together with relevant departments to promote the implementation of the work.

It will provide a solid guarantee for building a good example of a powerful modern socialist city and taking the lead in realizing socialist modernization.