Study On The Risks Of Local Government Investment And Financing Platform

Since the state formally approved by the central file format for the first time the local government investment and financing platform has existed, the local government investment and financing platform to obtain unprecedented development and played an irreplaceable role, satisfy the original intention to make up for local infrastructure funding gap for the purpose of construction. After the central number 43 documents issued this year, the development of the local government investment and financing platform facing new pattern, its function orientation by the original investment development city transformation for operating services local city. Also is to speak through the local government investment and financing platform to guide the market information and configuration, no longer simply to provide public services for the purpose, more shoulders on the responsibility of local industry economic upgrading, greatly improve the level of local residents’ welfare.But local government investment and financing platform in the development of the past left a huge debt,more latent huge risk hidden trouble. Therefore, it is necessary for local government investment and financing platform risk spread scientific and systemic research. One of the risk of local government investment and financing platform to make accurate recognition and evaluation is the foundation of resolve, guard against the risk, also is the reality of the government and academia urgently need to solve the problemBased on the above background, this paper adopts the combination of quantitative and qualitative research methods mainly completed the following contents: one is the literature research of predecessors to establish the basis of this article; Secondly, the operating mechanism of local government investment and financing platform, financing and debt situation analysis of present situation; 3 it is the local government investment and financing platform risk identification, classification and induction, the formation of local government investment and financing platform risk index system; Four is the analytic hierarchy process(ahp) and fuzzy evaluation method combined with the construction of local government investment and financing platform risk model; Five is 10 in guangxi local government investment and financing companies as a sample for empirical analysis;Six is put forward relevant policy Suggestions.Rich through the above research, this article hopes to further deepen the local government investment and financing platform risk research field, provide the basis for quantitative risk analysis. After in-depth research, this paper made the following conclusions: one is the local government investment and financing platform risk has a variety of sources, based on the induction summary, local government investment and financing platform risk index system is constructed, 2 it is to build local government investment and financing platform risk evaluation model can effectively test risk level,result is credible; Third, guangxi local government investment and financing platform riskat a higher level, need control guard against the risk.