Chen Qimai’s 6-year financial report card: This year’s debt reduction exceeded 20 billion yuan, and the cumulative debt reduction was 45.5 billion yuan
During Mayor Chen Qimai’s six years in office, the cumulative debt reduction amounted to 45.5 billion yuan. He has had zero borrowing for five consecutive years and his own financial resources have finally exceeded 100 billion yuan.
Quick Look
- The Kaohsiung City Finance Bureau announced that the annual debt reduction could reach 20.5 billion yuan, exceeding 20 billion yuan for the first time.
- It was also the year of the largest debt reduction during Mayor Chen Chimai's term.
- The cumulative debt reduction in 6 years has reached 45.5 billion yuan.
AI-generated summary
Why It Matters
The Kaohsiung City Finance Bureau announced that the annual debt reduction could reach 20.5 billion yuan, exceeding 20 billion yuan for the first time. It was also the year of the most debt reduction during Mayor Chen Chimai's tenure. The cumulative debt reduction in 6 years reached 45.5 billion yuan. There has been no borrowing for five consecutive years, and the final balance of its own financial resources has exceeded 100 billion yuan for five consecutive years. The city government team has actively promoted investment promotion and introduced private funds to drive industrial development and urban construction. The cumulative private investment amount has exceeded 340 billion yuan, and international benchmark companies such as TSMC have been introduced to invest in and set up factories. The cumulative investment has exceeded 2.7 trillion yuan.
The Gao City Finance Bureau announced today that the full-year debt reduction could reach 20.5 billion yuan, exceeding 20 billion yuan for the first time. It was also the year of the largest debt reduction during Mayor Chen Qimai's tenure. The cumulative debt reduction in six years reached 45.5 billion yuan. (Provided by the Finance Bureau)
The Gao City Finance Bureau announced today that the full-year debt reduction could reach 20.5 billion yuan, exceeding 20 billion yuan for the first time. It was also the year of the largest debt reduction during Mayor Chen Qimai's tenure. The cumulative debt reduction in 6 years has reached 45.5 billion yuan. There has been "zero borrowing" for 5 consecutive years, and the final balance of its own financial resources has exceeded 100 billion yuan for 5 consecutive years.
Finance Secretary Li Qionghui explained that the city government team, under the leadership of Mayor Chen Qimai, actively promotes investment promotion and introduces private funds through public-private collaboration to promote industrial development and urban construction.
Since Mayor Chen Qimai took office, the cumulative amount of private investment has exceeded 340 billion yuan. On the other hand, he has actively promoted industrial transformation and upgrading and built a technology S corridor industrial chain. He has not only introduced international benchmark companies such as TSMC to invest in and set up factories, but the cumulative investment has exceeded 2.7 trillion yuan, driving the growth of related fiscal revenue and making the city's own financial resources exceed 100 billion yuan for five consecutive years.
Li Qionghui said that investment promotion, revenue generation and debt reduction are the core of the city government's promotion of construction while taking into account fiscal sustainability. Through investment promotion and participation, private funds and industrial investment are introduced to expand economic development momentum and financial foundation. At the same time, expenditures and debts are strictly controlled, gradually forming a positive cycle of "attracting investment, expanding financial resources, reducing debt, and improving fiscal resilience."
He pointed out that debt reduction will exceed 20 billion yuan for the first time in 2026, reaching 20.5 billion yuan, and the cumulative debt reduction during the mayor's term will reach 45.5 billion yuan, continuing to reduce the debt burden and making the finance increasingly stable.
While zero borrowing and debt reduction, the city government continues to promote major construction projects such as the four-line MRT system, social housing, water conservancy, education, transportation, and social welfare, striking a balance between fiscal discipline and urban development, and laying a solid financial foundation for Kaohsiung's long-term development.
What to Watch
AI outlook — possibilities, not facts
Kaohsiung City will continue to promote debt reduction and zero borrowing policies in the coming years to maintain fiscal stability.
Likely · Within months
Open Questions
- The specific sources and allocation details of the 20.5 billion yuan in debt relief
- Debt reduction goals and timetable for the next few years
- The specific impact of zero borrowing for five consecutive years on major construction financing
