Research On Risk Control Of Corporate Bonds In QS County City Investment Company

With the rapid development of the domestic market economy and the advancement of urbanization,local governments are increasingly demanding funds for urban infrastructure projects,but tax revenues and financial allocations have not been able to support fiscal expenditures.In the case of insufficient financial resources,local governments seek to obtain public utilities and municipal projects through direct or indirect financing tools.However,in the Budget Law promulgated in 1994,local governments are not allowed to issue bonds to raise funds.Various local governments have set up an intermediary financing platform to raise funds.China's urban investment companies have begun to take the stage.City Investment Corporation enhances the company's strength by directly injecting land,capital and other means through local governments,so as to achieve the policy standards and market requirements as the main body of bond issuance.In the process of issuing bonds by the city investment company,in order to ensure the smooth collection of funds,local governments often provide implicit guarantees for them.In recent years,bond defaults have gradually increased,and as the scale and number of bonds issued by China's urban investment companies have continued to expand and increase,various risks have begun to be exposed,and research on risk control of urban investment bonds has become increasingly important.This paper takes the enterprise debt of QS County City Investment Company as the research object,and uses the research method combining theoretical analysis and case analysis to analyze the risk of corporate bonds of QS County City Investment Company,and proposes corresponding risk control optimization suggestions.Firstly,the first chapter introduces the research background and significance of this paper,and summarizes the domestic and foreign literatures.Then,the risk analysis of the corporate bonds of QS County City Investment Company was carried out,and the status quo and existing problems of risk control were expounded.The main content of this chapter is to propose the relevant risk control optimization suggestions according to the problems of QS county investment company's corporate bond risk control proposed in the third chapter.Through research,it can be found that the corporate bond of QS County City Investment Company is a microcosm of domestic county-level city investment bonds.After reviewing and studying the existing risk control measures of QS County City Investment Corporation's corporate bonds,this paper proposes corresponding optimization suggestions for the problems existing in QS County City Investment Corporation,and also provides assistance for the risk control of QS County Urban Investment Corporation corporate bonds.City investment bonds have provided some reference for improving their own risk control level.The innovation of this paper lies in the enterprise debt issued by the county-level city investment company as the risk analysis object,and the proposed risk control optimization suggestion,which is universal for the risk control optimization of other types of urban investment bonds.I hope that the research in this paper can provide useful exploration and inspiration for the risk control of corporate bonds of QS County City Investment Corporation,and can better help China's economic development.