Research On The Development Of Government Investment And Financing Platform Of Jiujiang City

The local investment and financing platform of jiujiang city has accumulated a large amount of debt in order to better promote the economic development in the city,the construction of the old city in jiujiang city and the construction of the new city.In May 2017,the financial sector is put forward on how to better regulate the behavior of local government debt financing notice(CaiYu [2017] no.50),and the requirements of local government investment platform for rectification,the target is to remove the financing of local government functions.This article,the author mainly through the theoretical analysis,case method and the method of consulting literature materials,and other research methods,and is the public product theory,theory of local government debt and financing theory,the financing platform for Jiujiang were studied.The local investment and financing platform of Jiujiang city is mainly reflected in reducing the financial pressure of the government and promoting urban construction and economic development.However,the local financing platform and the construction of various undertakings in Jiujiang city also face outstanding problems.The main problem of local investment financing platform in Jiujiang city is how to control the debt effectively.By doing a lot of calculations,municipal government's investment and financing platforms have debts of about 100 billion yuan.In addition,there are special financing function and economic function of the chaotic development,hindered the channels of private investment,lack of funds utilization channel is lack of social capital to invest.The root cause of these problems is that the development of economy and the construction of city to introduce a lot of money,the fundamental nature of the platform has not obtained a profound understanding of the thinking,lack of planned economy and regulatory efforts.The state council later issued relevant documents,and made clear that the basic policy of the transformation and self-development of the local investment and financing platform of Jiujiang city has been issued.The central government has made clear its support for PPP mode,and the market development time of local governments in Jiujiang city has been presented.Jiujiang local investment and financing platform mainly lies in the transformation development way,to the effective management of the platform,disconnect the profit-making projects and management of local government,to a large number of public welfare project implementing the development model of the PPP,a small number of public welfare project is introduced through the government debt financing.To the above is effective in the transformation of development mode,and put forward some important safeguards,including the infrastructure construction of local government financing,set up a more comprehensive debt management mode,a more comprehensive set up enterprise's legal person governance structure.In the process of transformation and development,it is important to actively manage the original development platform and propose a new platform for development,which can be promoted by the government and the unit.To this end,the following measures should be taken.First,give full play to the role of policy.In order to keep the investment and financing platform of our country to reform more and more,it will have a greater development prospect,and the support of the policy is necessary.The government should strengthen the reform of the platform and carry out and implement the relevant policies in depth.Second,expand the investment and financing channels of the government.The government should throw away the thought of the planned economy and actively attract the public capital to invest in public projects.Compared with the government's financial capital,the social force and the private capital will be more profitable.Through the use of social and private capital,it will be able to expand the sources of funds.Third,to establish and improve the local government's debt management system,including strengthening internal management and strengthening supervision by the central functional departments.Fourth,endow the local investment and financing platform with independent management rights,including enriching the paid in capital,improving the corporate governance structure,strengthening the public welfare function and enhancing the overall capacity.