Research On Operation Issues Of Jinan West City Investment And Development Group From The Perspective Of Local Government Investment And Financing Platform

China’s city investment and development companies first appeared in the early1990s, serving Chinese urbanization as a local government investment and financing platform. After20years of development, they have made considerable progress in many ways, such as in business goals, operational philosophy, business functions, and firm sizes. Gradually becoming an important force in various functions of the government, for example in urban construction, regional development, and public services, China’s city investment and development companies have been and will always will be an irreplaceable role to play in the sustainable development of China. However, it should also be noted that China’s political system, market economy system, and business management mechanism are still in the process of a deepening reform, which is closely related to the development of city investment and development companies. In addition, it appears to be inevitable that there are some contradictions and problems along with the development of the city investment and development companies. Since the concerns about the risks of local government debt are highly raised recently by central government and some experts, city investment and development companies, as a local government financing platform, or simply put as the government debt bearers, are considered as the concretization and representation of China’s irrational politic economic environment.Jinan West City Investment and Development Group (JWCID), as one of the investment and financing platforms of Jinan Municipal Government, is also characterized with typical situations similar to other city investment and development companies:heavy asset, heavy debt, highly dependent on land resources."Ab uno disce omnes", the operation issues encountered by JWCID are also the commonly encountered operation issues of China’s local city investment and development companies. Therefore, an in-depth research of the JWCID operation issues and possible solutions can provide meaningful and adaptive suggestions for China’s local city investment and development companies to improve and enhance operational level. This is the basic incentive of the author to analyze JWCID, hoping to improve the performance of China’s local city investment and development companies as an investment and financing platform.This article studies the operational issues of Jinan West City Investment and Development Group (JWCID) as an investment and financing platform, reviews the operation ideas and the business model of JWCID, analyzes the operational problems and their causes of JWCID, including institutional investment and financing operations, project operations management, solvency, quality of assets and resources, the business model of agent construction projects. This article then putting forward the basic approach is to change our ideas and actions, to practice the scientific concept of corporate performance, to improve project management mechanisms, to promote scientific project management, to expand the Group’s main business, to promote market transformation platform, to establish a scientific debt management, and to reorganize debt stock according to law.