The Research Of Financial Risk Of The Financing Platform

Under the environment of stimulating economic growth by the government investment,because the local government investment and financing platform not only satisfy the desirefor money in local government, but also adapt to the need of the Banks lend sums,the scaleof platforms grow rapidly. However, almost at the same time with the investment andfinancing platforms are in debt, it appears some unreasonable problems, such asover-borrowed, illegal operating, weak profit ability, and irrational financing structure and soon. These problems lead to the debt risk of platforms,and cause the debt risk of the localgovernment that guarantee to platforms. Moreover, because the platforms bank loans havethese characteristics, such as a long duration and large scale, we can say that all these aboverisks will be translated into banking risks, include credit risks, liquidity risks and interest raterisks. Finally, these risks will aggravate imbalance of the economic and industrial structure,and overcapacity, led to asset bubbles and inflation risk. In order to defuse financial risks ofinvestment and financing platforms, the platforms need to increase their registered capital andimprove the governance structure; The banks should strengthen loans management and dowell in the aspect of the spread risk; The local government should constitute externalregulation and build up long-term debt security mechanism; The central government needs toreform the political achievements examination system and financial system, and makesagreement between local government and the central government about interest pursuit, andat the same time, China should transform the pattern of economic growth. Under thegovernment invest properly, and through cutting taxes for resident and businesses, increasingin the level of social security, it achieves the goal of promoting the healthy and sustaineddevelopment of economy.