今年9月底,国务院发布了《关于加强地方政府性债务管理的意见》(以下简称“43号文”),对规范和控制各地地方政府债务有比较直接和深远的影响,同时对于目前发行量和成立规模最大的政府基础设施建设类信托也有根本性的冲击,甚至可以说,未来整个行业的游戏规则都会发生改变。“游戏”规则的颠覆43号文比较核心的规定在于:(1)要求规范地方政府举债权限,经过国务院批准的省、自治区、直辖市这些省级 At the end of September this year, the State Council issued the Opinions on Strengthening the Management of Local Government Debt (hereinafter referred to as Circular 43), which has a more direct and far-reaching impact on regulating and controlling local government debts in various places. At the same time, The amount and the establishment of the largest government infrastructure trusts also have a fundamental impact, and can even be said that in the future the entire industry rules of the game will change. “Game ” rule subversion No. 43, the core of the more stringent provisions: (1) require the local government to regularize debt authority, approved by the State Council provinces, autonomous regions and municipalities of these provincial