Study On The Regulation Policy Of Municipal Local Government Debt Risk

Under the background of the real economy down,China's local government debt is still rising,regulatory policies and rules constantly overweight on one side,on the other hand,the entity economy development and infrastructure construction also have money demand,this to all financial institutions,local government financing platform company and relevant government departments are a challenge.Since 2014,our country has entered a new stage,local government debt management intensive regulation policies enacted before also reflected the scholars in this area of research and achievements,the development of local government debt regulatory specification provides policy guarantee system,but in the process of policy implementing,according to the municipal debt risk of local government regulation of specific policies and related interpretation also is less,the municipal local government debt regulatory practice also appeared,items missing,unclear orientation of execution have deviation,and a series of problems,affecting the effects of policy implementation and landing,need to study a targeted solution,put forward countermeasures and Suggestions,To ensure the steady and effective implementation of the policy.In this article,choose to municipal debt risk of local government regulatory policy execution problems as the research object,by various departments of local government debt in China open data and illegal administrative punishment case support for research,and carries on the concrete analysis select L city,by analyzing the related theory,reviewed the policy,carding policy characteristics and existing problems,explore the problems,and then from the present actual conditions,targeted Suggestions to consummate the paths and methods,Strive to municipal governments and their departments more pragmatic and efficient implementation of municipal local government debt risk regulatory policies to improve the management of financial debt risk level to provide some reference.The first part of this article through the analysis of local government debt risk regulation background significance,research literature and methods,determine the object of this study,perspective,focus and ideas.The second part defines the municipal government debt risk regulation from the theoretical level by clarifying the relevant theoretical definitions,characteristics and theoretical sources of the municipal government debt risk regulation.The third part is an example study.By analyzing the characteristics and current situation of the specific operation and implementation of the current municipal government debt risk supervision policy in China,comparing relevant data and analyzing relevant cases,the paper sorts out the prominent problems existing in the implementation of the municipal local government debt risk supervision policy.Carry out specific analysis on the causes of the problems related,and points out that the municipal government debt hidden out still exists,the municipal government and municipal financial institutions compliance risk big,the municipal government debt rectification is not in place,at the municipal level increased difficulties of bank's risk control,the government recessive debt creditor's rights and scattered,regulators lack of regulation correlation,scattered municipal supervision and administration institution,management foundation is weak,the lack of scientific and public statistical data and the lack of academic research and social supervision and five aspects of reason.Fourth part with L city as an example,analyzed the L city currently prominent recessive debt risk of local government regulatory problems,the reason of the problem about the inductive analysis,there are still hidden debts have increased,scattered incidents have occurred,the supervision and administration institution,the recessive debt risk of lack of regulation,needs the offending project rectification,the rectification is difficult,financial institutions,risk of default and administrative penalty risk accumulation and other specific issues and difficulties.The fifth part,based on the municipal government debt risk regulation in our country actual need and specific problems,respectively,puts forward the strengthen control of the municipal government's recessive debt,fiscal system,investment and financing system reform,establish joint statistical monitoring mechanism of each department,strengthen the regulation linkage,clear the examinational municipal government debt and the risk liability system,perfecting the information disclosure system,improve the supervision of the municipal government finances,set up the municipal special government debt regulators six aspects specific Suggestions.