[Henan: Such institutions are strictly prohibited from investing funds in local government financing platforms] On October 13, the Henan Provincial Local Financial Administration Bureau released the "Henan Provincial Implementation Rules for the Supervision and Management of Financial Leasing Companies (Trial)". The "Details" not only raised the entry threshold for financial leasing companies, but also clarified that the registered capital for their establishment should not be less than 200 million yuan or equivalent foreign currency. In addition, 14 prohibited businesses or activities of financial leasing companies are directly designated. The most critical thing is to clearly classify roads, bridges and other structures into the "forbidden zone" of leased properties to accurately plug the loopholes of local hidden debts. The Henan Provincial Local Financial Administration Bureau reiterated in the policy interpretation of the "Details" that financial leasing companies are not allowed to use structures as leased objects to carry out sale and leaseback business with local platform companies, and invest funds in local government financing platforms and related projects; they are not allowed to use roads, municipal pipelines, water conservancy pipelines, bridges, dams, weirs, waterways, tunnels, non-equipment projects under construction, suspected new local government hidden debts, and structures that may affect the normal supply of public services after being disposed of as leased objects. (Financial Times)