Research On Financing Risk Manage Ment Of Local Government's Shantytown Reconstruction Project

Since the end of 2008,China has launched a series of livelihood projects aimed at large-scale renovation of shanty towns in the country's agricultural reclamation,forestry farms and coal goaf,The aim is to upgrade and renovate dangerous and dilapidated urban housing and improve the living conditions of poor residents?According to the government's planning targets,about 15 million units are expected to be renovated in the next two years,and 4.5 million units in shantytowns in 2019?According to the shantytown reconstruction plan,there will be a huge demand for shantytown reconstruction funds in the future,At present,the local government shantytown reconstruction project funds mainly come from corporate bonds,policy financial subsidies,commercial bank loans,policy bank loans etc,Different financing methods all have one thing in common,that is,the final repayment of loans from local fiscal expenditureo?This not only increases the local government debt,but also,due to the lack of substantial collateral,the risks arising from the shantytown renovation project financing are different from other real estate project financing risks.With the tightening of policies related to the shantytown reconstruction,the shantytown is in a stage of continuous reform and improvement no matter from the way of reconstruction,the main body of undertaking or the mode of financing,In this stage,the risk factors in the process of shantytown reconstruction project financing are potentially changing,which need to be addressed with scientific risk management methods,This requires us to identify possible risk factors before the implementation of shantytown reconstruction project financing,and ensure the smooth implementation of shantytown reconstruction project financing through effective preventive measures and control measures?Therefore,an in-depth study on the risk management of local government shantytown reconstruction project financing is of practical significance for improving the financing efficiency and strengthening the anti-risk ability of project financing?Based on the above considerations,this paper expounds the current situation of financing and financing risk management of shantytown reconstruction projects of local governments in China from the perspective of Banks,In order to correctly understand and evaluate the financing risk of shantytown reconstruction project,the prominent problems in shantytown reconstruction project financing risk management were studied by qualitative and quantitative analysis method,And through scientific and effective methods to deal with and avoid risks,to ensure the success of project financingo?This paper starts with the actual shantytown reconstruction project financing case,establishes the financing risk AHP analysis model,and carries on the detailed risk analysis from the perspective of project managemento?Finally,the paper puts forward a series of countermeasures and Suggestions for the current situation of the financing risk management of local government shantytown reconstruction projects in China,aiming at promoting the improvement and development of the theoretical system of shantytown reconstruction project financing risk management,so as to better guide the practice of shantytown reconstruction project financing in China?...