Legal analysis: (1) financial funds+local debt repayment. On the one hand, through "increasing revenue and reducing expenditure" at both ends of fiscal revenue and expenditure, we will increase the budget arrangement of debt repayment funds by reducing general expenditure, revitalizing existing funds and coordinating the integration of special funds. On the other hand, strive for a special debt line to help resolve debts. (2) Revitalize asset repayment. Including disposing of idle assets or directly paying debts in kind, transferring part of government equity, encouraging mixed reform and asset securitization. In addition, the 265438+20th Century Business Herald said that Shenzhen Golden Brick Public Asset Management Co., Ltd. designed a scheme of "Infrastructure Franchising Mechanism with Budget Performance Pricing" to resolve hidden debts and revitalize non-operating infrastructure assets. However, it is difficult to grasp the pricing problem in practice, and it is easy to form new hidden debts. (3) The project income is repaid or transferred to the enterprise's operating debt. Some project operations generate income and cash flow, which can be used to repay debts; Local governments can also convert government implicit debt into corporate debt by arranging capital, allocating or revitalizing operating assets. The transfer of PPP for projects under construction and the correction of illegal PPP also belong to this category. (4) Financial institutions participate in bond swap. There are many reports about CDB's participation in implicit debt settlement, but the amount of loans it can provide is relatively limited. The special positioning of CDB may also bring the illusion of "bottom" to the market, which is not suitable for large-scale deep participation. After the document number was [2018]1kloc-0/released in the State Council last June, some stock banks and city commercial banks participated in the attempt to replace implicit debt, but the scale was small and the pilot was the main one.

Legal basis: Article 577 of the Civil Code of People's Republic of China (PRC). If one party fails to perform its contractual obligations or fails to meet the contract obligations, it shall bear the liabilities for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.