Case Analysis Of Corporate Bond Issuance Of F County City Investment Corporation

November 4, 2016, the relevant person in charge of the Ministry of Finance on the issue of local government debt interview, said the new "budget law" after the implementation of the local government financing platform borrowed debt is not a local government debt, by the local government Financing platform to repay their own, the local government does not bear the responsibility to repay. In the repayment of the bond funds, the local government no longer as the main debtor, not the city investment company debt debts included in the financial liabilities budget table. However, the city investment company as the main body of corporate bonds issued since the establishment of the local government as a financing platform, the company's business, the use of bonds to raise funds and credit guarantee measures are closely related with the local government.In this paper, the paper analyzes the corporate bonds issued by the China Bond Information Network in 2016, which is based on case analysis, data statistics and summarizing the research methods.Through the legal nature, main business scope.The relationship between assets and liabilities is analyzed according to the income of the project, the construction project payment and the third party credit guarantee, and discuss the relationship between the city investment company and the local government in the issuance of corporate bonds. Compared with the difference between the city investment debt and the local government debt,the difference between the raised funds and the difference of the debt service,the analysis of the real estate of the county government investment is the financing of local government infrastructure construction, further analysis in the F County Investment Company Whether the local government undertakes the responsibility of the city to vote debt in corporate bonds. In the new "Budget Law" given the provincial government as the main issue of local government bonds rights, the financing platform debt from the government debt in the city after the company issued corporate bonds Financing model, there are financial and legal risks of debt settlement.