The Investigation Report Of Local Government Bond Issuance In Liaoning Province

With the development of society and economy, the accelerating pace of urbanization and the local government in Liaoning Province in order to strengthen the construction of urban infrastructure, to promote better and faster economic development, need a lot of money, but compared to the fiscal income and huge capital demand of Liaoning Province is a drop in the ocean, fiscal revenue shortfalls become the resistance of the urbanization process, opening up new channels for government financing is around the corner, therefore, local government debt is issued on the agenda. Since 2011, allowing the Treasury Department under the state council issuing local government bonds to truly achieve spontaneously from now, the development of local government debt in China has realized the great leap forward. In many provinces, cities and the issue of local government bonds are in full swing, the bonds of local government in Liaoning Province has appeared "flow standard", which let people surprise. On August 7,2015,10-year liaoning debt the bid-winning rate at 3.99%, unexpectedly to interest rate cap, plans to issue bonds is only 550 million yuan to 400 million yuan, in the local government debt issuance of flow mark for the first time in four years. The flow mark is just an accident, or the issue of local government debt in China now is at the early stage of exploration, and the corresponding system is not perfect enough, the various provinces and cities of the issue of local government bonds, there is a certain risk. Not only need to issue to explore and to protect against risk, Liaoning debt flow behind the other specific reason enough to deserve our deep mining.Based on the risk of local government bond issuance of Liaoning Province as the main content of research, using literature analysis, comparative analysis method. First of all, this paper introduces the present situation of local government debt in Liaoning Province, will the public finance and risk management as the main theoretical basis of local government bonds, and the local government bond issuance of Liaoning Province status, debt, debt structure, and the current local government bond issuance of risk control measures has carried on the detailed introduction. Then, the paper analyzes the main problems in the process of local government bond issuance of Liaoning Province. In use for reference the experience of Japan, France, Australia and the United States, on the basis of proposed the feasibility scheme to solve the problem of local government bond issuance of Liaoning Province, construct the model of local government bonds issue in our country, relevant Suggestions are put forward for improving local government bond issuance.