Central government funds allocated to subsidize basic pension insurance for urban and rural residents are now subject to stricter scrutiny in Xiamen. The Xiamen Regulatory Bureau of the Ministry of Finance has implemented full-chain supervision, covering budget preparation, allocation, disbursement, and performance management, adhering to the principles of standardization, precision, efficiency, and safety.
To ensure the accuracy of source information, the bureau has established routine coordination mechanisms with the Xiamen Municipal Finance Bureau and Human Resources and Social Security Bureau, collecting a comprehensive set of basic data including enrollment records, payment details, benefit distributions, and fund revenues and expenditures. The number of insured individuals is treated as the primary checkpoint: the bureau uses the human resources information system and cross-references data from public security, civil affairs, and statistics departments to verify classification, eliminate duplicate enrollments, and confirm eligibility for benefits.
The compliance of subsidy standards is also rigorously examined. Reviewers check local matching funds against central policies item by item, and a big data analysis model is used to compare the implementation of subsidy standards across different levels. Additionally, the safety of fund operations is tracked throughout, with the bureau looking for any delays, misappropriations, or diversions of funds.
The bureau has also established a closed-loop management process of “review, feedback, adjustment, and reporting.” Any discrepancies identified during the review are compiled into a list, along with clear adjustment guidelines and reporting requirements, and local authorities are urged to correct their funding applications within a set timeframe. The review data is further analyzed to produce thematic reports for higher-level reference, aiding policy improvement.
The initiative is guided by political leadership and reinforced through standardized review procedures, ledger-based management, performance-oriented supervision, and regular consultation meetings with local financial and human resources departments to build a lasting regulatory framework.