Ji’nan Municipal Infrastructure Construction Bond Financing Management Problem Research

In recent years, along with our country city changes a process to be accelerated ceaselessly, around municipal infrastructure upgrades ceaselessly, build a huge demand for funds, the financing of the more prominent.Municipal infrastructure construction bonds to advance our country city will exert positive effects on construction of city, to meet the debt related construction funds for the needs, and promote local economic and social development.But as reform of our country economic system transition product, this alternative financing still exist many problems and shortcomings.This paper takes the2009Ji’nan city urban construction investment limited company bonds as an example, through the example analysis, find out the Ji’nan city financing current situation, find out problems, causes, put forward to perfect the countermeasure, in order to explore in the current legal and social credit environment standard, advocating the use of municipal infrastructure construction bond financing.In this paper, using literature, investigation, comparative analysis, individual interviews and other research methods, the analysis or Cnmas (?)(?)(?)al infrastructure construction bonds concept, characteristic, function and mode of operation on the basis of the basic concept, to the public product theory, the theory of fiscal decentralization and government debt theory as the theory support, a careful analysis of Ji’nan municipal infrastructure construction bond financing present situation, through drawing lessons from the United States, Japan, Australia and other developed countries municipal bond financing experience, summary our country local bonds financing present situation, from perfect related laws and regulations, clarifying the municipal infrastructure construction bonds and corporate bonds relationship, improve municipal infrastructure bond investment benefit, the establishment of municipal infrastructure construction bond repayment and the risk early warning mechanism, accelerate bond credit market development perspective, discusses about the improvement of Ji’nan municipal infrastructure construction bond financing management countermeasures. It should be said, are subject to legal restrictions, China currently has no real meaning to the municipal bond municipal bond, domestic scholars to the studies focused on the municipal bond issuance necessity, feasibility and influence, and obtained a lot of achievements.But how to regulate issuing municipal bonds, the municipal infrastructure construction bond issue in the problem of existence and countermeasure research is not deep enough, the lack of specificity.This research will help to our country local government bonds on application, and to domestic other city municipal infrastructure construction bond issue to draw lessons from action.