The Reasearch Of The Investment And Financing Platform In Hebei Province

In recent years, with the pace of urbanization in hebei province accelerated, the infrastructure which solely relied on government investment had already not satisfied the social needs. Because of the limited of the local government financing and the bonds , the investment and financing platform founded in order to seek more appropriated carrier of infrastructure. The end of 2008, China adopted the expansionary fiscal policies and the moderate loose monetary policy to alleviate the international financial crisis on China's impact. The investment and financing platform mainly finaced by bank to deal with the shortage of capital . But the society had focused on the risk of debt because of the bank.This article choosed the investment and financing platform in hebei province as the research object. First, because of the characteristics of the infrastructure financing, it selected the theory of public product efficiency, the theory of infrastructure project distinction , the theory of project financing as the theoretical basises. It provided the templates of analysis from macro economics.The theory and scientific analysis supported for the research.Secondly, it researched the excellent experience of the international and domestic investment financing platform.It compared advantages and disadvantages with a contrastive analysis.As the result, it geted the best development model for the financing platform in hebei province. Furthermore, according to the province, city and county levels of the financing platform,the article discusses the reason why the financing platform rapidly developed and the challenges. Among them, the challenge is the key point.It reasearched the challenge from the local government economic system, policies and regulations; the operation of assets, capital ; risks of the bank. Finally,it analied the countermeasures and proposals, according to regulating local government , financing platform and bank credit to optimize the financing system, build the efficient financing system, ensure the sustainable development of financing platform.