It was learned from Chenzhou Financial Bureau that there were 325 financial investment projects approved by the office during the earlier nine months. All the projects amounted to 2.64 billion yuan, among which 2.30 billion yuan passed the approval with a decreasing rate of 13%.

In 2012, following the principal of “being practical”, Chenzhou Financial Bureau paid much attention to the financial investment approval work with the aim of enhancing the expenditure renovation, increasing the capital’s application efficiency, preventing corruption, and providing government with useful reference information. There were series of management mechanisms consummated during that period, which greatly helped to guarantee the public finance investment appraisal and examination work with accuracy, seriousness and authority.

During the process of approval, the staff from Chenzhou Financial Bureau especially checked the data preparation, on-site investigation, material inspection, evaluation report and capital arrangement. The approval process was proceeding to the earlier step of budget, which achieved great results by using this method. Taking the lighting-up project for Chenzhou Avenue for example, the final approved capital was 0.465 million yuan, where 1.235 million yuan was deducted from the submission amount of 1.70 million.

On the other hand, Chenzhou Financial Bureau enhanced the supervision mechanism to make full use of financial monitoring, evaluation, government purchase, etc. to achieve the information sharing, complementary advantages, and mutual promotion. Meanwhile, a series of management system like re-appraisal project review, joint review of major projects were adopted, combining approval, result supervision and other to build the system with investment and performance appraisal from funds allocation to funds running.