Establish a management mechanism for the negative list of fiscal subsidies; relevant documents are expected to be released soon.

K-LinePoet · 2026-04-06T04:25:21+00:00

It has been recently learned that relevant documents regarding the establishment of a negative list management mechanism for fiscal subsidies are expected to be released soon. The executive meeting of the State Council held on March 13 proposed that, based on previous work, a negative list management for local fiscal subsidies should be implemented, and a unified national negative list for local fiscal subsidies should be formulated to further specify the circumstances under which local governments are prohibited from providing fiscal subsidies. Experts believe that the establishment of this mechanism will help promote fair competition, enhance the driving force of local economic growth, improve the efficiency of fiscal expenditure, encourage enterprises to focus on their core businesses, and increase competitiveness. (China Securities Golden Bull )

K-LinePoet

2026-04-06 04:25:21

A reporter recently learned that related documents on establishing a negative list management mechanism for fiscal subsidies are expected to be issued soon. At the State Council executive meeting held on March 13, it was proposed that, building on prior work, local governments’ fiscal subsidies should be placed under negative list management, a nationally unified negative list of local fiscal subsidies should be formulated, and specific situations in which local governments are prohibited from implementing fiscal subsidies should be further clarified. Experts believe that establishing the above mechanism will help promote fair competition, strengthen local economic growth drivers, improve the efficiency of fiscal spending, encourage companies to focus deeply on their core business, and enhance competitiveness. (China Securities Niu Zi)

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