Local Government Financing Platform Company Risk Management

In the domestic economic downturn and the international financial crisis under downward pressure on domestic economy, the central issued a series of policies to support and promote. since 2008. the surge in the number of local government financing platform, its financing as the main body of government financing become a new form of government financing. The rapid development of urbanization in our country, the overall amount of capital needed to large local infrastructure construction, but at present, China’s central and local governance, the unequal on the purse strings, cause local government financing difficulty is bigger, the use of local government financing platform for financing, to avoid the direct government financing of the occurrence of irregularities, became the local government to follow the financing form.The rapid development of the local government financing platform, the expansion of the scale of local government debt, followed by a local government financing platform risk has become a research hotspot that nots allow to ignore. Local government financing platform and the local government, the scale of excessive growth in its debt has grown in size and also to the increased pressure on the recessive debt of local government. When the local government financing platform company risk, the risk will be spread through fiscal, financial and other channels, cause more serious debt crisis, and even national economic crisis.Began in 2010, the domestic related regulators began to take measures to clean up, clean up and regulate local government financing platform, cleaning up after this round, local government financing platform for the development of mature gradually, based on the above reasons, the local government financing platform, operation mode, the meaning of risk conduction mechanism, the platform of risk early warning mechanism, risk control measures have extremely strong realistic meaning, can provide the current local government financing platform risk management guidance.This article is divided into six chapters, the first chapter is introduction, first discusses the local government financing platform risk control research background and research significance, and then the related research at home and abroad were reviewed and the carding and research, literature review, next to the train of thought of this article has carried on the arrangement form in this paper, the technology roadmap and the innovation of this paper is given; The second chapter for related theoretical basis, in this chapter, in detail elaborated the related to local government financing platform risk management research theory, specific for government financing theory, theory of fiscal decentralization, the AHP analytic hierarchy process (AHP), ERM risk management framework; The third chapter is risk identification and evaluation of local government financing platform, the chapter mainly to the construction of risk early warning system of local government, the selection of evaluation indexes and using the Delphi method and analytic hierarchy process (ahp) to each index of empowerment; Chapter iv for the case study - in Yang Zhou A state-owned asset holding (group) co., LTD as an example, this chapter select a specific local government financing platform company, depending on the expert scoring, study the degree of risk:Chapter 5 for the local government financing platform company debt risk control measures, respectively from the macro, meso and micro three aspects put forward concrete measures of local government financing platform risk management; Chapter 6 conclusion and prospect for research, the final conclusion, the lack of a paper and make a research prospect.