Risk Management Research On Participation In PPP Of H Company

At present,more and more governments in our country have chosen the PPP model to continue to strengthen local infrastructure construction under difficult financing conditions.The PPP projects in the national PPP project service platform project library have shown a batch growth.However,because these infrastructure projects in China are generally monopolized by the government investment company,the mode of public-private partnership is a great challenge to the traditional infrastructure construction projects.PPP projects are buried with more project risks in the process of project formulation,bidding,social capital winning,project implementation and acceptance.If the social capital side fails to take precautions beforehand,discover in the event and administer afterwards,it may lead to the final failure of the project,waste human and financial resources,but can not obtain the actual utility of the project ultimately serving the public.Different links of PPP project may involve many different stakeholders,and various potential risk allocation and risk sharing among stakeholders will have an impact on the practical results of the project.Both social capital and government agencies should be prepared to face and take different risks.This article seeks to innovate,and based on relevant domestic and foreign literature and information,in conjunction with participation of H company,a listed company,in the PPP project as an example,to analyze the PPP process,financing model,risk issues,risk identifications and solutions adopted by H company in its participation in the PPP projects.From a practical perspective,this article focuses on analyzing the different aspects of risk control measures in the PPP project,including contract control and government supervision of risk control measures.At the same time,there is H company's internal risk management and control.Then,with the conclusions drawn from the case anaylsis,we discover the contractual content of the PPP project that clearly stipulates the risk distribution principle,risk sharing method,and benefit remedy measures of the PPP project.In the end,in order to further control the overall risks of PPP projects,we conclude that it is necessary to strengthen government supervision and public supervision of the masses,enhance the internal control of social capital,and strengthen risk response.Based on empirical research conclusions,we put forward effective suggestions for risk management of PPP projects:first,strengthen the construction of the legal regime specially focuses on PPP and standardize PPP project contracts,expressly stipulate the risk allocations and relief measures for PPP projects;second,strengthen government and public supervision,build public participation management platform,and promptly put forward management proposals for project construction,improve the public service capabilities of the project;third,strengthen the internal training of social capital PPP and increase risk management awareness.