Study On Debt Risk Control Of T Group

In 2008,China was affected by the subprime crisis,and the domestic economic situation was relatively severe.In order to promote investment and stimulate domestic demand,the central government drew the macro-economy out of the quagmire and formulated the four-trillion-yuan stimulus plan.Subsequently,in order to make environmental protection,health,transportation and other infrastructure construction and financing more convenient,various local governments have set up local government investment and financing platform.By supplying assets and credit support to the platform,the local government made it easy for the platform to raise funds from financial institutions.Finally,the platform completed the mission entrusted by the local government in a short time,and a lot of infrastructure was built and improved.However,as the economic development has entered a new stage,the debt risks of local government investment and financing platforms have begun to emerge.With the rise of debt risk of local government investment and financing platform,domestic scholars have begun to study this issue.However,most domestic studies put forward Suggestions on debt risk prevention and control from a macro perspective from the perspective of the government.At the same time,since the debt of local government investment and financing platform accounts for a relatively high proportion of local government debt,the study on the risk control of local government debt from the perspective of local government investment and financing platform is also one of the important research directions,but domestic scholars do not pay attention to this field.By studying the debt risk control of a local government investment and financing platform,the platform itself can find out the drawbacks in its debt risk control,and put forward corresponding improvement measures to reduce the debt risk of the platform.Furthermore,the debt risk control measures of this platform can be promoted and transplanted,which can help other platforms reduce debt risk and finally achieve the effect of universality.In this paper,based on the existing literature and combined with the actual situation of T group,the risk control measures of T group were analyzed,and finally the Suggestions for improving the risk control measures of T group were put forward.Starting from the risk status quo and characteristics of local government investment and financing platforms,this paper analyzes that the debt characteristics of local government investment and financing platforms have"herd effect","tesla effect"and "pro-cyclical effect".Then,T group is used as a case to analyze the status quo of T group's debt risk,study the audited financial report disclosed by T group,extract the financial data and make some processing calculation to obtain indicators that can reflect the status quo of T group's debt risk.The debt risk status quo of T group can not be ignored.Then,it analyzes the problems existing in the internal control of T group's debt,and finally puts forward Suggestions to improve the debt risk control of T group from multiple aspects,such as the code of conduct,organizational structure,risk assessment,information disclosure,internal and external communication,asset stripping,and integration of the integrated operation sector.