Research On Government Debt Risk Of Xuanhua District In Zhangjiakou City From The Perspective Of "Land Financing"

Local government debt problems began at the beginning of the century.Under the background of economic globalization,the economic crisis' s derivatives and propagation have intensified,which has caused great impact on China's national economic development.At present,due to changes in the international environment,external demand will inevitably decline rapidly in the future,but domestic demand can not increase rapidly in a very short period of time.Therefore,it is necessary for the central government to take corresponding anti-crisis measures to allow the country's economy to continue to grow.Since the financial crisis began,our country has also started a four-trillion investment plan.This plan has been implemented everywhere,but one of the problems has been the emergence of a large amount of financing debt by local governments.This kind of local debt has greatly increased financial and financial risks,and at the same time there has been a government credit crisis.In particular,in recent years,local governments have become increasingly dependent on land finance in order to address the problem of fewer and fewer resources under their control and more and more tasks to be undertaken.That is,by paying off various debts by means of land sale income,the result will inevitably make the relationship between local government and land more and more close,and the risks formed in the process of land financing will be derived,which will have a negative impact on the normal operation of local government finances.This paper is a research object.In the study of this article,from the perspective of land financing leading to government debt risk,and through the analysis of actual cases in many regions,the paper discusses the current major debt risk,land financing and risk of local governments.Then on this basis,we take Zhangjiakou Xuanhua District as a case,analyze the status quo of local government debt in Xuanhua District,the status of land financing mechanism operation,and put forward the multiple mortgage risks that local governments in Xuanhua District have in the process of land financing.Shadow land mortgage risk,land financing leverage risk,shadow subsidiary loan risk,land benefit repayment risk,etc..Finally,it is aimed at the risk from the use of credit enhancement measures to better solve the debt risk,the application of multiple guarantee methods to continuously reduce the debt risk generated by the government,the establishment of a risk management system to resist the risk of government debt,and the effective regulatory means to gradually solve and use the market.The adjustment method avoids the risk and other aspects put forward the problem to solve the countermeasure,this countermeasure puts forward,it will provide the basis for the effective analysis of the current debt risk that every local government of our country faces,it is significant for the local government to maintain the financial stability.