| The Central Government and Provincial Party Committee pay high attention to the work of Investment and financing.At the same time,they offer their supports in this part.They regard the reform of the state-owned assets manage system and the Investment financing system as an important part in the comprehensively deepening reform.They need all regions to strengthen and improve the leadership of the Party Central Committee in the state-owned enterprises,open up the channels in Investment financing and tap the potential social capital adequately.If so,we can ease the difficults and costs of Investment project in financing effectively.The work of Investmentand financing should play a key role in stabilizing economic growth,optimizing economic structure and benefiting people's life-hood.In recent years,to solve the issues surrounding on the capital for economy and society development,the Government of RZ City as the leader of county economic development in Henan Province,adheres to the investment and financing work as a strategic measure that is crucial to the overall situation,firmly establishes the concept of "fiscal revenue to ensure the operation of the people's livelihood and financing for urban construction",in order to promote local government investment and financing platforms.The company is enterprise-oriented and the market is at the core.On the one hand the government can expand the financing channels,on the other hand it can promote the commercialized management.It has realized the Transformation of the operating company of State-owned Assets from nothing to everything,from small to large.It has formed a benign development which is good for financing and economic.On April 27,2017,the General Office of the State Council issued the"Circular on Praising and Encouraging the Implementation of Major Policy Measures in 2016".The 30 "cities,counties(cities,districts)that have achieved significant results in promoting the government and social capital cooperation(PPP)model and have a high degree of social capital participation" were commended.RZ City is one of the two county-level cities that Henan Province has recognized.Henan Provincial Department of Finance and Henan Daily jointly conducted an exclusive interview with RZ City and used RZ City as a model for promoting government and social capital cooperation work in the province to carry out special reports.This paper focuses on the vane of China's promotion of the transformation and development of investment and financing platform companies,combining with the latest government investment and financing policies issued by the central government ministries and commissions,and taking RZ City's government investment and financing platform as the research object,starting with the development process and development status of RZ City.We will conduct detailed research on the overall economic and social development of the RZ city and its achievements,problems encountered,and transformation directions of the development of the government investment and financing platform,and conduct a comprehensive and profound analysis of the development difficulties of the RZ city government investment and financing platform.To explore the development path of local government investment and financing platform in RZ City and other counties.and to seek the government investment and financing platform to continue to stimulate economic development under the new normal.According to the research,it is urgent for the transformation of local investment and financing platform is urgent,so we must pay attention to the optimization and risk resolution of the debt system and do a good job in debt swap and establish an early warning mechanism for debt repayment and improve the scientific and effective risk assessment mechanism,improve the local debt budget management mechanism.Bedides should implement the internal control management of platform companies.By means of equity financing,asset securitization to improving platform company ratings and innovative financing channels.We can make full use of capital market resources,invigorate the assets of the park,reduce the financing cost and alleviate the debt pressure.At the same time,we should strengthen the investment of public welfare projects and pay attention to improving public opinion satisfaction,and make the local government investment and financing platform realize the transformation and development. |
