The Research On Business Model Innovation Of Local Government's Financing Platform Under The Background Of Transformation

With the development of reforming and the speeding up of urban construction in recent years,local governments at all levels have stepped up efforts to rise money for local economic development. They make use of various financing channels, such as debt financing through the investment and financing platform. This action has not only improved the local infrastructure construction and promoted the local economic development level to a great extent, but also met the need of the local government to supply public goods and obtained good economic and social benefit. However, with the expansion and rapid development of the investment and financing platform, inherent problems and complicated contradictions gradually have been revealed,such as unclear position, binge of borrowing, the risk of deterioration, and so on. With the state's regulation of the macroeconomic situation, the state has also carried out consolidation adjustments of policy specification for the past several years and attached great importance to promote the government and social capital cooperation(PPP) model. In this aspect, local governments are actively supporting and urging the investment and financing platform to change the business model, in order to supply public products better. Local investment and financing platforms are also using their original resource advantage and actively designing innovative business models to acquire new core competitiveness.Against this background, this dissertation first outlines research findings of three aspects that the domestic and international public goods, investment and financing platform and business model,which determines the theoretical basis and analysis framework the thesis studies. It emphasizes that the investment and financing platform is the financing agent platform on which the government supplies public goods and business model is the basis of the operation and efficiency of investment and financing platform. On this basis, this dissertation expounds the traditional business model of investment and financing platform and business model characteristics and the difficulties they face through analysis of the history of the investment and financing platform's development. In addition, it analyzes the opportunities and impacts the transformation of investment and financing platform business model and business model face. According to Wei Zhu business model framework,then this dissertation makes Innovation research on the business model of investment and financing platform combined with the transformation of the PPP project. In order to describe the transformation of the investment and financing platform and the innovation of business model more clearly, this dissertation focuses on Shenzhen local specific enterprises specially. It takes XX group for example to make analysis and research on the status, specific problems and influence that the elements of business model reflects. Lastly, this thesis raises the detail measures, safeguard mechanism and the future prospects of innovative business models.According to the theory of western economics public product efficiency improvement, business model theory, etc, this dissertation makes research on the PPP project business model of the local investment and financing platform under the background of transformation. It presents ideas that making use of the market mechanism to effectively integrate existing resources and debt and realizing innovation of the investment and financing mode. Through discussion of this dissertation, it hopes that the local investment and financing platforms can make use of their own advantages and opportunities in the transition background to create a new business model, thus can better explore the new ideas of the development of the local government's investment and financing platform...