Legal Research On Local Government Financing Platform In China

With the accelerating trend of economic integration, the world economy is increasingly integrated into a close economic contact, which is to further deepen our political and economic reform, improve the ability of local government and change local government functions has brought new opportunities and challenges.Local economic development depends on the strong support of financial resources, but the traditional way of financing can not satisfy the urgent requirement of economic development in the new situation, local government financing platform in the context of this era came into being.On the one hand, local government financing platform ease financing problems of local government, and improve the local urban infrastructure constructions, accelerate the process of urbanization; the same time, local government financing platform after global financial crisis has brought the national economy the revival of hope of overcoming the economic crisis and the confidence of the national economy will continue to maintain a sustained, healthy and stable development momentum; and has brought a rare period of strategic opportunities to the further development of China's commercial banking industry, facilitated its cooperation with the local government under the raised bankindustry credit risk monitoring capabilities, and financial services continue to seek innovation and development, improve the financial services industry.On the other hand, local government finance the establishment and operation platform for all existing non-standard, not a sound phenomenon may lead to serious debt risk, and then into local government at all levels of financial risk and commercial banking systemic financial riskand other issues also attracted the majority of scholars and practitioners related to the banking sector concerns.Currently, with the local government financing platform mostly works on prevention and control of financial risk from the government, commercial banks to strengthen risk control and other aspects discussed in this report, based on further local government from a legal perspective, analyzed the issue of financing platform to use legal means to regulate local government financing platform establishment and operation of the existing variety does not meet the legal requirements of the phenomenon, prompting it to overcome their own mechanisms for defects in the same time, active play that has a positive effect, resulting in the current economic situation asrelieve pressure on local government finance at all levels, promote the steady development of an important regional economic platform.This thesis is divided into five parts, the first part of the platform based on a number of local representative government financing definition, and taking the definition of the core elements of all kinds to make a new definition statements, and details of the current financing of local government development platform features;The second part of the combination of internal and external causes from the perspective of local government financing platform analyzes the reason why background of the times, and the generation of investment and financing platform for regional economic development has positive significance; the third part of the main local government finance the establishment and operation platformthere are inadequate internal governance and external oversight system is imperfect and other legal issues in depth analysis; fourth part of the use of legal, economic and other means to get rid of local government financing platform hinder the healthy development of the institutional obstacles, from the outsideto strengthen the platform for the development of local government finance supervision, regulation and financing platform local government in the establishment and operation of legal problems, the establishment of standardized platform for the development of local government finance long-term mechanism to promote local government to obtain new financing platform for the development of life.PartⅤstates that the local government to prevent the exaggerated risk exists financing platform mindset, to deeply realize that our current platform of the existing local government financing risks have been carried out effective regulation and local government financing platform in China's current economic situation is still the need for long-term persistence.