Research On Risk Management Of Local Government Financing Platforms

After the spread of the global financial crisis in 2008,our central government adopted a positive fiscal policy and a moderately loose monetary policy to mitigate the impact of risks on the real economy,and put forward the 4 trillion economic stimulus plan.In 4 trillion of the funds,seventy percent of the funds are supporting the local goverment,which directly promotes the rapid development of the local government financing platform.As a financing channel for local governments to implement their regional fiscal policies,local government financing platform plays a very important role in giving full play to market mechanism,mobilizing all aspects of enthusiasm and promoting the rapid development of regional economy.However,the number and scale of the local government financing platform companies have expanded rapidly,which has aroused widespread concern and concern from all walks of life.The local government financing platform in the process of rapid expansion,showing a lot of drawbacks,such as between the local government and the division of responsibilities is not clear,its profit ability is insufficient,corporate governance is not perfect,which makes huge debts forrned in the process of rapid development with great risk.The risk problem of the financing platform company has brought great challenges to the benign development of the local economy and the stability of the society.By the end of 2017 the central economic work conference set the tone of the main task is to win the 2018 three battle,is ranked first in the major prevention and mitigation of systemic risk,is one of the focuses of the local government debt problem.It is clear that the debt problem and the risk of financing platform have aroused widespread concern in the society.The departments of Finance and financial regulation are actively cleaning up and rectifying the debt of local government financing platform.The Countermeasures of local government financing platform risk and optimize the risk management as the research object,to local government financing platform background,development process,operation mode,risk analysis as the main line,for example,the Yangzhou municipal government to take the financing platform for the company's risk management approach,found that the existing risk management measures are sound internal control mechanism and management the system of multi formality and other issues,which need to risk management innovation,improve the level of risk management,strengthen risk management efforts to better identify and manage risks,and provide a reference for the local government and the commercial banks to control the financing platform loan risk,also provide a reference for countries to control local debt risk,study how to scientifically quantify,evaluation,the monitoring and prevention of platform risk and its impact,promoting local economic and financing platform To achieve sustainable development.