Research On Risk Precaution Of B Development Zone Local Government Financing Platform

Since the implementation of the tax system reform in 1994,the local financial power has been decentralized,decentralized,resulting in inadequate local financial resources,and the local governments have no debt,they have set up their own financing platform to raise Funds.The outbreak of the financial crisis in 2008 has made a huge impact on China's economy,local governments take measures to cope with financial difficulties and debt financing immediately,local governments financing platform company was to enter the rapid development period.For establishing the financing platform,the local government can concentrate on doing a good platform to provide a platform for construction,which was irreplaceable.However,with the continuous expansion of the number of financing platform and the rapid expansion of the scale of the debt,local government violations or disguised to provide guarantee,the lack of bank credit management and other defects were gradually emerging,the accumulation of risk should not be ignored.The academic community has not stopped the study for how to regulate the local government financing platform operating mechanism to prevent risks.This paper is mainly about the local government financing platform,which is based on the local government financing platform.Any other governments should summarizes the common mode of the financing platform and analyzes the existing risk,taking the local government financing platform of B development zone as the research case.The research had found that there are some problems in the financing platform of B development zone ‘s imperfect operating system,which liad to unbalanced credit structure,lack of innovation in financing channels,poor supervision of financial institutions and the occurrence of debt risk.To improve the corporate governance structure companies must take measures to formulate a debt repayment plan,build a prudent financial system and broaden the financing channels;B development zone government to build a comprehensive evaluation mechanism,improve the debt supervision mechanism,The establishment of debt early warning mechanism;in the meantime,the financial market supervision system should be improved.