Investigation And Research On The Issue Of Debt Issue Of Chongqing Local Government C Platform

The outbreak of the international financial crisis in 2008 led to the allocation of 4 trillion Yuan of funds to maintain market stability.In addition,China's urbanization process has been accelerating,and various reasons have led to the rapid development of local government financing platforms.The rapid development of the financing platform has brought about the continuous expansion of the scale of local debt financing.The degree of economic development,system management and supporting public facilities of various local governments have been different.The relatively irregular behavior has also caused the local government platform to issue bonds.There are various problems in the process and a lot of risks have accumulated.The local government financing platform is that the local government debt is also the main debt carrier of the invisible debt.The analysis of the local government platform debt issue is also the essence of further analyzing the local government debt problem.Based on the data,this paper concludes that there is a certain debt risk in the local government platform in Chongqing.Based on the practice process,the specific bond issuance project of Chongqing local government C platform is taken as an example for analysis.The main content of this paper is to clarify the concept of local government platform debt issue,including the classification of local government platforms,bond issuance methods,debt classification and related financing theories,introduce the status of local government debt and the status quo of local government platforms,and analyze the situation of Chongqing.The current situation of the bond issuance of the local government platform,taking the specific bond issuance project of the local government C platform of Chongqing as an example,analyzes the issue of the debt issue of the local government C platform in Chongqing,and analyzes the relevant literature to generate the problems and impacts of its bond issue.Specific countermeasures are given for the problems found and the causes.The research method of this paper is the combination of quantitative and qualitative analysis.Qualitative analysis is to consult all kinds of literature materials,as the theoretical basis of article analysis.Quantitative analysis is to analyze the financial status of C platform through various financial indicators,and to analyze the integrity of debts.The data of the KMV model in the report is designed as an insurance product.The countermeasures and suggestions proposed in this paper are to give specific measures for the problems and reasons of the three aspects of the Chongqing local government C platform in the process of issuing bonds.For the issue,the local government platform is required to comply with relevant policies.To speed up the path transformation and upgrading,in order to seek long-term development;for the regulatory aspect,the government needs to clarify the powers and responsibilities of the supervision,exercise relevant functions,require the financial supervision department to intervene strongly,and strengthen supervision;for underwriting,third-party underwriters are required to underwrite the underwriting process.Responsible for the purpose of disseminating financial knowledge to qualified investors and enhancing the ability of investors to identify financial risks;the final key measure is to introduce an insurance mechanism to properly disperse and transfer risks in the event of default of local government platform debt.The innovation lies in the design of targeted insurance products based on the case and the corresponding property insurance pricing principle.Currently,there is no such product in the financial insurance market.Therefore,the recommendations in this paper have certain merits.The region is also the local government of Chongqing.The analysis results of this paper have positive and realistic reference significance for various subjects involved in the process of issuing bonds by local government platforms.