| The local government investment and financing platform is a practice innovation,which can made up for the lack of the market and credit, solve the main restriction ofthe local government investment and financing. As one part of the local governmentinvestment and financing platform, the provincial investment and financing platformcan effectively solve some of the provincial government’s problem; promote all kindsof provinces to be urbanization and industrialization. However, because of the internaland external environment, there must be a variety of potential risks in the process ofthe investment and financing platform’s operation.The thesis is about the debt risk of the provincial investment and financingplatform. Firstly, using literature research, the thesis analyses the background andcurrent situation of the development of the provincial investment and financingplatform.It puts forward that the main factors which caused debt risk are excessiveinvestment and financing and nonstandard operation of the investment and financingplatform; Secondly, using normative analysis, the thesis discusses the theoretical basisof the provincial investment and financing platform; Next it analyses the formationmechanism of the provincial investment and financing platform’s debt risk; Thenusing empirical analysis, the thesis sets Hubei Communications Investment Co.LTDas an example to discuss the company’s operation situation and existing problems,and find that the pattern of manifestation of debt risk are debt soared, the highasset-liability ratio; And by evaluating the debt risk of Hubei CommunicationsInvestment Co.LTD, it draws a conclusion that land sales and financial input are thekey factors; Finally, the thesis gives advice on debt risk prevention from thegovernment, financial institutions and Hubei Communications Investment Co.LTD, inorder to reduce the company’s debt risk, while push the operation of company towardsmarketization, corporatization and liabilities rationalization. |
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