The Research On Risk Of Local Government Financing Platform Of Changchun

Since2008the international financial crisis, Central government began to run abudget deficit and a substantial increase in demand for local government matchingfunds. But after the country Implemented the tax reform, local financial focused onthe shift and resulted in insufficient financial resources of local governments. In orderto raise the full amount matching funds, all local governments actively to raisefinancing platform for funds. It can be said, the establishment of local governmentfinancing platform have broadened the financing channels of local governments andeased tense contradictions of capital requirements, have played a positive role instimulating economic growth、support social development、improve public servicecapacity and improve people’s livelihood. But with the number of local governmentfinancing platform and the continuous expansion of the scale of financing，itstremendous risks caused by the concerns of the community and concerns，the study oflocal government financing platform has also become the hotspot of the theory. Howto regulate the operation of the mechanism of the financing platform and preventpotential risks in order to procure financing platform better development has a veryimportant theoretical and practical significance in practice.This article first systematically expound the concept of financing platform、classification and research, and through a comprehensive analysis of the theoreticalbasis of the financing platform for domestic and foreign financing model, furtherillustrates the significance of and access to finance issues such as financing platform.On this basis, this paper systematically analyzes the Changchun City localgovernment levels of debt and financing platform for the status quo,identifies thepotential impact on the risk factors that might be interested in financing platform, anduse fuzzy comprehensive evaluation method to build Changchun local governmentfinancing platform risk warning model. Finally, this article explain the point of view of the central government、local governments、commercial banks、financing platformcompanies to risk prevention and mitigation suggestions.