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Wuzhou Municipal Finance Bureau

Wuzhou Municipal Finance Bureau

Tel:00-86-0774-3866083

Chinese siteClick to enter the Chinese website

Address:4/F, 22/F-27/F, Hongling Mansion, No. 72, Sanlong Avenue, Wuzhou, China

Office hours:Weekdays 8:00 a.m. - 12:00 p.m., 15:00 p.m. - 18:00 p.m. (except legal holidays)

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Wuzhou Municipal Finance Bureau
  • Institutional Overview
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Wuzhou Municipal Finance Bureau Functional Information

(a) Implementing the national fiscal, taxation and financial policies and other relevant policies, formulating the city's fiscal and taxation development strategies, planning, policies and reform programmes and organizing their implementation. Formulate the city's financial distribution policies and improve the transfer payment system. Participate in the formulation of the city's economic policy, put forward the use of fiscal and financial policies to implement macroeconomic control recommendations.

(b) Drafting the city's fiscal, financial, accounting management and financial management and other aspects of the draft regulatory documents, and supervise the implementation.

(C) is responsible for the management of municipal financial revenue and expenditure. Prepare the annual draft budget of the municipal level and organise its implementation. Organise the formulation of expenditure standards and quotas, and review and approve the annual budgets of departments (units). Commissioned by the Municipal People's Government, to the Municipal People's Congress and its Standing Committee to report on the draft budget, implementation and final accounts. Responsible for government investment fund municipal financial assets management. Responsible for the municipal budget public.

(D) according to the division of labour responsible for government non-tax revenue management. Preparation of the draft budget of governmental funds. Manage financial bills. Regulating the lottery market.

(e) Organising the formulation of the treasury management system and the centralised treasury collection and payment system, and coordinating the operations of the local treasury. It is responsible for the preparation of the comprehensive financial report of the government. It is responsible for formulating the government procurement system and supervising and managing it.

(F) To formulate local government debt management system and policies. Management of the city's foreign debt. Carry out foreign financial exchange work. Responsible for non-trade foreign exchange management of administrative institutions and social organisations.

(G) lead the preparation of state-owned assets management report. According to the authorisation of the municipal people's government, centralised and unified performance of municipal state-owned financial capital contributor responsibilities. To formulate unified rules and regulations for the management of state-owned financial capital in the city. To formulate rules and regulations on the management of state-owned assets of administrative institutions and organise the implementation thereof, to formulate expenditure standards and expenditure policies that require uniformity across the city, and to manage the state-owned assets of administrative institutions at the municipal level.

(viii) Preparing the draft budget of state-owned capital operation, formulating the system and methods of state-owned capital operation budget, and managing the income and expenditure of state-owned capital of enterprises at the municipal level. Organisation and implementation of enterprise financial system.

(ix) Preparing the draft budget of the city's social security fund, working with relevant departments to formulate the financial management system of the relevant funds, and undertaking the financial supervision of the social insurance fund.

(J) responsible for the management and supervision of municipal investment project funds, participate in the development of the city's capital investment policies, the development of infrastructure financial management system.

(XI) is responsible for managing the city's accounting work, supervising and regulating accounting behaviour, and organising the implementation of the national unified accounting system. Guidance and supervision of bookkeeping agency business.

(XII) to coordinate local financial development, financial reform and other major issues, coordinate the city's financial reform and development and risk prevention and control work.

(XIII) to do a good job in the local financial risk prevention and disposal of coordination, supervision and implementation, coordination and organisation of major financial risk disposal work, to maintain financial stability.

(XIV) to strengthen communication with the central financial management departments, financial institutions resident branches and autonomous regions of local financial management departments, to create a healthy and high-quality financial environment.

(XV) coordinate the relevant parties to implement the central government, autonomous regions and Wuzhou City on the financial work of the decision and deployment.

(xvi) Undertake related affairs and service work involving financial inspection.

(xvii) To complete other tasks assigned by the municipal party committee and the municipal people's government.

(XVIII) Functional transformation.

1. improve the macro-control system, innovative control methods, build development planning, financial, financial and other policy coordination and synergy mechanism, strengthen the city's economic monitoring, forecasting and early warning capabilities, establish and improve the research of major issues and policy reserve mechanism, enhance the macro-control forward-looking, targeted, synergistic.

2. Deepen the reform of the fiscal and taxation system. Accelerate the establishment of a modern financial system, promote the reform of the division of financial authority and expenditure responsibility, and rationalise the financial relationship between the city and the city below. Improve the city-to-city transfer payment system, and enhance the co-ordination capacity of cities and urban areas. Gradually unify budget allocation, fully implement performance management, and establish a comprehensive, standardised and transparent budget system with scientific standards and strong constraints. Comprehensively implement the list management of governmental funds and charges of administrative institutions, and improve the supervision system. Fully implement the list management of governmental funds and charges of administrative institutions, and improve the supervision system. Promote the reform of the local tax system, and form a local tax system with unified tax law, fair tax burden and moderate regulation.

3. Preventing and resolving government debt risks. Standardise the debt financing mechanism, build a ‘closed-loop’ management system, strictly control the risk of debt within the legal limit, focus on preventing and controlling the risk of hidden debt, and firmly guard the bottom line of no systemic risk.

(XIX) The division of responsibilities.

1. Local tax management responsibilities. Municipal Finance Bureau in accordance with the authorisation of the Autonomous Region is responsible for the establishment of a sound local tax system policy recommendations, in the national tax laws within the scope of authority, in conjunction with the tax department to propose tax rate adjustments, tax reductions and exemptions and other recommendations.

2. The division of responsibilities for the management of state-owned assets of administrative institutions. Municipal Finance Bureau is responsible for the development of municipal administrative institutions of state-owned assets management rules and regulations, and is responsible for the organisation and implementation and supervision and inspection. Municipal Party Committee Office (Municipal Organs Affairs Administration) is responsible for the municipal party and government organs directly under the planning, construction, ownership, transfer, use of supervision, disposal, maintenance and other management work, is responsible for the management of official vehicles.