On May 15, 2012, the eighth joint conference of Hunan Provincial People's Congress Financial & Economic Committee and Standing Committee Budget Committee was held in Chenzhou. Deputy Secretary and Deputy Director of Hunan Provincial People's Congress Standing Committee Party Group- Chen Shuhong attended the conference, and Deputy Secretary of Chenzhou Municipal Party Committee and Chenzhou Mayor- Qu Hai participated in the conference and delivered his speech.
The theme for this conference is about how to enhance the supervision of local government debts. A special report on working experience of Chenzhou Municipal People's Congress Financial & Economic Committee and Standing Committee Budget Committee was addressed. In recent years, Chenzhou Municipal has carried out the supervision work in the following aspects like the approval of government debts, hearing and deliberation of the report concerned with the standing committees or directors, and enhancement on the supervision of local government debts etc..
Chen Shuhong fully affirmed the work of Chenzhou Municipal People's Congress Standing Committee on the supervision of local government debts. He said that government debt was an important practical theme on economic and social development; government financial debts helped to boost the stable and fast development of economy, infrastructure construction, social undertaking improvement and ecological environment construction. Meanwhile there were disordered financing, weak debt paying ability for some local governments, unsound debt management and other problems occurring accordingly which increased the whole financial risk.
Chen Shuhong emphasized that the government should change the way of economy development to upgrade the quantity and quality, establish more sound debt management systems and mechanisms, and accomplish the financial mechanism with perfect match of financial and authority right. Furthermore, management on village debt could not be ignored and the enhancement of government debts should be kept on studying and exploring.
Municipal leaders- Mao Tengfei, Zhong Benqiang, Li Ping, and Fan Zhongda and General Secretary of Chenzhou Municipal People's Congress Standing Committee- Xu Benhua were presented at the conference.