The Legal Research Of The Solvency Of The Urban Investment Debt In Urban Construction Financing

Tax reform to enable local government to reduce property rights, developmentof urbanization makes government into financial difficulties; facing the internationalfinancial crisis, the State Council promulgated the "four trillion plan," In thisopportunity, the city voted to become the darling of the local government debtfinancing, and its development is irresistible. However, the city voted bonds in thecourse of its rapid development, also revealed a variety of problems, hidden risks,and ultimately led directly to the city to vote bonds outstanding payment risk,making it difficult to settle. Therefore, it is necessary from a legal point of view thecity voted debt repayment risk analysis problem, settle and resolve the legal riskprevention methods and recommendations to ensure healthy development of the cityto vote bonds for urban construction and urbanization, construction financing, andpromote the rapid development of economy and society.Solve the city to vote bonds to settle the problem, we first need to define thenature of the city to vote bonds vest. This article will be characterized as the cityvoted bonds municipal bonds, and clearly the city to vote bonds become income ofmunicipal bonds. In recent years, the development of the city voted bonds to bring alot of problems such as the development of the city voted debt credit default eventsare frequent, guarantees no legal irregularities, etc. These problems are bound to thecity to vote for the city to vote bonds future solvency risk.This paper focuses on the city to settle the issue to vote bonds, and the law asthe solvency risk analysis perspective of specific city to vote bonds. Legalrelationship includes a main body, behavior and responsibility, and consistency ofthese three, but the city voted to settle the obligation resulting in contradictory natureof the company and the main actors in the city to vote bonds inconsistencies. Themain responsibility for the issue of low capacity, increase trust and enhance trust andsecurity measures in a single right is difficult to achieve, the credit rating system isimperfect, various problems such as the lack of external oversight have encountered solvency risk caused the city to vote bonds.This article will be characterized as the city voted bonds municipal bonds, forits regulatory solvency problems it is necessary to settle the mode of municipalbonds from abroad, such as U.S. municipal bonds, local government bonds in Japanand Australia municipal debt repayment mode, and management and from theimplementation of the rule of law perfect matching of both the prevention andcontrol of institution building city voted bonds solvency risk.The last three municipal nature in the city to vote bonds to settle and resolveregulatory issues, you first need to vote bonds from legal action, collateral and thecity to clear the main city to vote bonds to settle the obligation, to ensure thatinvestors get reimbursed protection; Second, from the legal provisions perfect basesystem and security system tamp enhance the city voted to establish three levels ofsolvency and debt investment and debt repayment risk prevention.