Research On Local Government Financing Platform To Promote Urbanization Construction

Urbanization has now become one of ten keywords in new path of prospective China economic development, but also as a power source of the China economic growth in the future decades. A major task for the government is to continue deepen the new type of urbanization construction, as one of the most important livelihood project and motive force of promoting the development of economy.From1978to2013, the population of permanent residents in cities and towns has increased from170million to730million, the urbanization rate has increased from17.9%to53.7%, increased by1.02%per year. The number of city has Increased from193to658, organizational town number has increased from2173to20113. Huge urbanization financial demand, long urbanization construction cycle, wide range, strong social characteristics, and science-education-culture-health facilities hardware improvement is impossible except from the strong financial security. But the financial demand of urbanization itself has the characteristic of diversification, public welfare and differentiation, also exist in the current urbanization imperfect supporting policies, financial market positioning and development strategy of urbanization contradiction, demand for credit is difficult to satisfy and financing structure imbalance, the government financing difficult. In addition to the central government has, local government financing platform plays an important role in the urbanization construction is very bright. But as the urbanization, the government financing platform of their own problems, the shortage problem of financial support of platform and platform in the urbanization of other issues are likely to influence the development of urbanization. How to deal with these problems and make the local government financing platform to better is the escort of urbanization, faster to promote the urbanization construction is the key point of this study.This paper explains the urbanization present situation and the development, characteristics of the urbanization, raises their financial demand and characteristics. By introduction of local government financing platform and provide the analysis of the financial support for the urbanization shows the role of local government financing platform in urbanization. Studies from U.S. government bonds, Japanese government platform and south Korean folk investment model case, Make us experience from foreign governments and recognize our problems. Finally, the local government financing platform highlights the problems in urbanization are also proposed.