Research On Risk Management Of Local Government Investment And Financing Platform

The investment and financing platform of local government is a special product which have Chinese brand of times,in response to the financial crisis of 2008,the investment and financing platform indeed occupies an important position in reversing the downward trend in the economy of our country,it plays a considerable role in promoting the economic development and improving people's livelihood.However,Due to the defects of its own mechanism,most of the investment and financing platform have the problems of imperfect corporate governance structure,confused financial management,single financing channels.It leads to the risk issues have become increasingly prominent.Therefore,how to scientifically understand the risk of investment and financing platform and correctly control the scope of the risk,it has certain practical significance for investment and financing platform,s own development and transformation under the new normal.The paper takes the risk of local government investment and financing platform as the research object.Firstly the paper gives an overview of the investment and financing platform,discusses the historical origin of investment and financing platform,development course,historical status and role,the development status of domestic investment and financing platform,and sets the stage for next chapter to analysis platform risk.Then the paper analyses the risk of platform,analyzes the risk expression forms of the platform from the platform financing risk,restructuring operations risk,fiscal risk,land transfer income risk,the credit risk of banks,points out the reasons for the formation of risk,analyzes factors affecting risk through the national economic policy,regional economic policies,local governance,platform operation conditions,Then according to the selected index,establish risk evaluation system of indicators,construct risk early warning model of investment and financing platform with fuzzy comprehensive evaluating method.In addition the paper carry on an empirical analysis which takes in Jiangxi Province as the research object,it is concluded that the risk assessment level is "basic security",finally,the paper puts forward the countermeasures and suggestions of controlling risks from the investment and financing platform,commercial banks,other supporting measures combining with the above section.