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    Huaihua Municipal Finance Bureau

    2024-01-06 17:40Source:http://www.huaihua.gov.cn/

    Huaihua Municipal Finance Bureau (“the Bureau” hereinafter) is a department of the People’s Government of Huaihua City. As per the Adjustment Plan for the Responsibilities and Organization Structure of Huaihua Municipal Finance Bureau (H.B. [2019] No. 11), the Bureau has 21 internal institutions, two deputy-director-level public institutions that are managed with reference to the Civil Servant Law of the People’s Republic of China, one deputy-director-level public welfare public institution, and five business divisions subordinate to the Bureau. The Bureau also administers one municipal state-owned enterprise as its investor. Its main responsibilities are as follows:

    1. The Bureau shall implement national fiscal and taxation guidelines and policies, formulate and carry out fiscal policies and reform plans, and guide fiscal work; analyze and forecast macroeconomic conditions, and develop macroeconomic policies; give suggestions on adopting fiscal and taxation policies for macro-control and comprehensively balancing social financial resources; formulate and implement the distribution policies of the government and enterprises, and refine fiscal and taxation policies that support the development of public welfare undertakings. The Bureau shall also carry out national guidelines, policies, laws and regulations on financial work, draft financial regulations of the People’s Government of Huaihua City; formulate strategies and medium- and long-term plans for financial development; and put forward suggestions and policies on advancing financial services and the development of the financial industry.

    2. The Bureau shall draw up policies and measures on finance, financial affairs and conference management on behalf of the People’s Government of Huaihua City.

    3. The Bureau shall be responsible for financial revenue and expenditure control at the municipal level; prepare and implement annual municipal budgets and final accounts drafts; make a municipal revenue and expenditure budget as an agency, and aggregate the municipal final accounts; report the municipal-level and city-wide budgets and their implementation to Huaihua Municipal People’s Congress and final accounts to its standing committee as entrusted by the People’s Government of Huaihua City; work out the municipal-level expenditure standards and quotas, and review and approve the annual budgets and final accounts of departments (units); refine the transfer payment system, and push forward with the fiscal system reform in counties directly managed by the province.

    4. The Bureau shall supervise and manage the nontax revenue of the government; manage government funds and administrative and institutional fees as required; manage financial bills; formulate lottery management policies, manage the lottery market, and administer lottery funds as required.

    5. The Bureau shall establish the treasury management system and treasury single account system, guide and supervise municipal treasury business, and manage treasury cash as required; and develop, supervise and manage the government procurement system.

    6. The Bureau shall enforce national tax laws, administrative regulations and tax adjustment policies, give feedback on their implementation and put forward suggestions for adjustment; participate in the survey and research of tax policies and plans for their adjustment within authority, and propose countermeasures and suggestions.

    7. The Bureau shall formulate rules and regulations on the management of state-owned assets of administrative and public institutions, manage the state-owned assets of such institutions as required, develop uniform expenditure standards and policies, and manage the non-trade foreign exchange of administrative and public institutions as well as social organizations within the financial budget.

    8. The Bureau shall review, aggregate and prepare the budgets and final accounts drafts of state-owned capital operation of Huaihua, formulate policies and measures on state-owned capital operation budgets, collect state-owned capital income of enterprises at the municipal level, adopt the enterprise financial system, manage the state-owned assets of local financial enterprises as required, participate in the formulation of policies on the management of state-owned assets of enterprises, manage the state-owned assets of enterprises not supervised by the State-owned Assets Supervision and Administration Commission of People’s Government of Huaihua City, and manage asset evaluation.

    9. The Bureau shall handle and supervise economic development expenditures of municipal financial departments and financial allocation for municipal government investment projects, participate in the formulation of policies on municipal construction investment, enforce the financial system for capital construction, and undertake the financial management of subsidies granted for policy considerations and special reserve funds.

    10. The Bureau shall, together with relevant departments, manage expenditures of municipal financial departments on social security, employment and health care, implement the financial management system of social security funds, and prepare the municipal social security budgets and final accounts drafts.

    11. The Bureau shall implement policies, rules and measures on the management of internal and external debts of the government, and prevent financial risks; put external debt of the municipal government under unified management, formulate basic management rules, and manage loans (donations) of foreign governments and international financial organizations as required; and undertake the specific work involved in the exchanges and cooperation in finance and taxation.

    12. The Bureau shall manage the accounting work, supervise and regulate accounting behaviors, implement the national unified accounting system, enforce provincial accounting administrative laws and regulations, guide and oversee the business of certified public accountants and accounting firms, and direct and manage social auditing.

    13. The Bureau shall supervise and inspect the implementation of fiscal laws, regulations and policies, report major issues in fiscal revenue and expenditure management, and propose policies and suggestions for strengthening fiscal management.

    14. The Bureau shall manage state-owned financial capital, draw up the annual comprehensive report on state-owned asset management as well as special reports on administrative and institutional state-owned assets (including assets managed by administrative and public institutions) and state-owned assets of financial enterprises. It shall also undertake work related to overall budget performance management, and formulate and implement rules and policies on government procurement of services.

    15. The Bureau shall complete other tasks assigned by the Huaihua Municipal Party Committee and People’s Government of Huaihua City.


    Add: 6/F, Building D, 11-13/F, Building A, Civic Service Center, Huaihua

    Tel: 0745-2717224

    Office Hours: Summer (July 1 - September 30): 8:00 a.m. -12:00 p.m., 3:00 p.m. -6:00 p.m.; 

    Winter (October 1 - June 30 of the following year): 8:00 a.m. -12:00 p.m., 2:30-5:30 p.m.


    (Translated by Yu Jie)