Research On The Market-Oriented Transformation Strategy Of Hengyang Local Government Financing Platform

After the 18 th party congress, “ the urbanization ” has been a key reform strongly pushed by the government. The construction of urbanization, along with the new industrialization, the informatization, and the modernization of agriculture, has been put into the 18 th party congress report, which has become the future direction of the China’s development. The Twelfth Five Year Plan for National Economic and Social Development Planning of Hengyang points out that: In 2015 more than 700 thousand rural people will complete urbanization, and In 2020 it is expected to add at least 150 million people to urban population, according to a calculation that every increase in the city’s population will bring 15 thousand yuan for urban infrastructure investment.From the static perspective, it will cause 2250 billion investment demand of the industrialization infrastructure. And the gap for the funding needs of building new urbanization in Hengyang has led to a inevitable demand to the market transformation of Hengyang government’s. This paper, based on the reality above, puts forward the strategy selection to market transformation of Hengyang government’s financing platform.First of all, this paper based on solid literature collection, has organized the relevant theories of government financing platform, the transformation of the cooperate and the cooperate strategy to form the theoretical foundation of this paper. Secondly, from four aspects including the government investment and financing platform from main distribution, financing scale and structure, investment and financing platform for risk investment and financing platform operation status, it horizontally compared the local investment and financing platform of each city in Hunan province, in order to study the Hengyang government’s investment and financing platform for the reality of the situation, and to put forward the existing problems. Thirdly, by analyzing four domestic cities’ mature investment modes(Beijing, Shanghai, Tianjin and Chongqin) and four foreign mature cases(America, Japan, France and Germany), it summarized the characteristics and advantages and disadvantages of each model, in order to provide a reference for the market transformation of Hengyang government’s financing platform. Last but not leat, it put forward policy recommendations to market strategic transformation of Hengyang government’s financing platform from four dimensions, including the financing channel change, asset operating marketization, group transformation and risk management.