Wang Jianfan, Director of the Budget Department of the Ministry of Finance, stated at a press conference that the next steps will be: first, to continuously strengthen guidance to local governments, promoting solid implementation of the replacement work requirements. Second, to enhance the full process and full chain supervision of Bonds funds to ensure compliance in usage. Guide local authorities to establish accounts for the replacement of existing hidden debts, recording the issuance, usage, repayment, and interest payment of Bonds completely and accurately, ensuring that all funds are managed in special accounts, with specific accounting and closed running. Third, to firmly prevent the occurrence of new hidden debts and promote the "clearance and bottoming out" of hidden debts. Maintain a high-pressure regulatory stance of "zero tolerance", coordinating departmental supervision efforts to seriously address issues of illegal borrowing and false resolution of hidden debts. Accelerate the reform and transformation of financing platforms, resolutely block local illegal borrowing paths, and promote sustainable development. (China Net)