In order to further improve the allocation and use of state-owned assets of administrative and public institutions and strengthen the coordination of financial resources and budgets, the Ministry of Finance recently issued the "Notice of the Ministry of Finance on Establishing a National State-owned Asset Adjustment and Sharing Platform for Administrative and Public Institutions Relying on the Integrated Budget Management System" (Finance [2024] No. 175, hereinafter referred to as the "Notice"), establishing a national state-owned assets adjustment and sharing platform for administrative and public institutions (hereinafter referred to as the platform), further expanding the functions of the budget management integrated system (hereinafter referred to as the integrated system), enriching the application scenarios of the integrated system, and providing a solid foundation for promoting cross-departmental, cross-level, and cross-regional asset adjustment and sharing across the country.

Relevant person in charge of the Asset Management Department of the Ministry of Finance answered reporters' questions on relevant questions.

Q: Please briefly introduce the background of building a platform?

Answer: State-owned assets of administrative and public institutions are the material basis and important guarantee for the development of the Party and the country. In recent years, through the joint efforts of financial departments, competent departments and administrative institutions at all levels, the management of state-owned assets of administrative institutions has been continuously strengthened, but there is still a phenomenon of idle and inefficient assets coexisting, which directly affects the efficiency of the use of fiscal capital resources and the level of guarantee for the performance of administrative institutions.

Asset adjustment and sharing is an effective means to achieve asset gradient use, extend service life, and make the best use of everything. It is of great significance to save financial funds and effectively guarantee the performance of unit duties and career development. In the past two years, the Ministry of Finance has actively taken measures to revitalize state-owned assets of administrative and public institutions, and issued documents such as the "Guiding Opinions on Revitalizing State-owned Assets of Administrative and Public Institutions" (Finance and Capital [2022] No. 124), "Notice on Strengthening System Implementation and Further Promoting the Quality and Efficiency of Administrative and Public Asset Management" (Finance and Capital [2024] No. 155), and organized central departments and local financial departments to comprehensively carry out the revitalization of state-owned assets of administrative and public institutions. By optimizing in-use asset management, strengthening adjustment and sharing, and exploring centralized operations, we strive to turn "sleeping" assets into "live water" for increasing income, effectively improving the efficiency of asset use and disposal.