Research On Financing Mode Of Urban Construction Investment Company

In recent years, with the rapid development of China's urbanization process, the scale of urban infrastructure construction has been increased, which has created a huge demand for infrastructure and other public goods. If the city only relies on the local financial investment, it is not possible to guarantee the construction of infrastructure without adequate funding, and it is unable to meet the huge demand for city infrastructure construction, many local governments thus saddled with a huge debt. As one of the infrastructure construction of the main stakeholders, the company-financing platform, to a certain extent, shouldering the government financing function, and urban construction investment corporation as a financing platform of local government's spokesman, is facing a severe situation of the test. How to broaden and innovate the financing mode, break through the "bottleneck" of the capital shortage in the construction of urban infrastructure, and steadily promote the process of urbanization, is an important issue in the face of the city investment company.For a long time, the local government of China's market-oriented financing system reform lags far behinds the current economic development. With the introduction of the State Department on strengthening the local government debt management in 2014 (Guofa [2014] No.43) and the introduction of the new budget law, the government to open the standardization of government investment and financing system.The main document has issued a comprehensive system to regulate local government debt, clear the system established "borrow, use, payback" unity, so that the government and enterprises to clear their responsibilities and obligations, the future in the financing process effectively who borrowed who, own risk. This is some people said to be the pain of great scourges, the platform company, future government financing platform financing model will be a major adjustment, the city investment company's business mainly rely on their own operating results to repay the debt. This means that rely on the government credit financing of the city investment company will gradually withdraw from the stage of history, although this process is very difficult, it is the general trend. A series of policies accelerate the process of urban construction investment corporations from quantitative to qualitative change, the city investment company financing pushed in the teeth of the storm. Under the current background, it is very necessary to explore the new financing mode of the city investment company.In this paper, the city investment company financing would be used as the research object, the use of theories and practices, comprehensive use of case analysis, comparative analysis method, to explore the future development of the city's investment company's project financing.