Recently, the Ministry of Finance issued Circular 23 stating that state-owned financial companies may not provide local governments and their agencies with any form of financing directly or through indirect channels such as local state-owned enterprises and institutions, and no financing platform company loans can be added, except for the purchase of local government bonds. This means that the central government's tightening of local debt financing has continued, and in the short term it may aggravate the situation of local governments. In the medium and long term, to ease the passive situation, it is also necessary to rely on active social capital; the development of "consortium economics" is also a way of thinking.