Research On Marketization Transformation Of County-level Financing Platform Company

In the early 1990 s,China deepened the reform of investment and financing system,and the local financing platform companies came into being at the historic moment and took on the task of local investment and financing,which played an important role in accelerating the urbanization process.But with the over-investment of funds and the expansion of debt,systemic financial risks will be prevented,The State Council and relevant departments have issued policies to restrict the investment and financing behavior of local financing platform companies from system norm,capital supply end and so on,forcing a large number of platform companies to transform into market-oriented entities.County-level financing platform company is a very important part of the local financing platform companies.It has very important reality and urgency to carry out reform,innovation,transformation and upgrading with the times.On the basis of expounding the evolution process and present situation of county-level financing platform company,this paper analyzes the related theories and successful transformation cases of county-level financing platform company transformation.On this basis,this paper selects H county urban investment group as a case study,through the combination of theoretical knowledge and practice of investigation activities,This paper explores,studies and analyses the current development of H county urban investment group,and develops the next step transformation strategy by combining the SWOT model with the opportunities and challenges it will face in the market transformation,and the analysis of the advantages and disadvantages from within.On the one hand,Urban Investment Group should make full use of the advantages of assets and location,manage assets according to attributes,give full play to the utility of assets,and build a market-based investment and financing system according to the financial situation to absorb and replace the stock debt.On the other hand,we should try our best to develop diversified business,strengthen the function of hematopoiesis,optimize the management system and perfect the risk grade management.Finally,the paper combines the market transformation of H County Urban Investment Group with the case study of Hefei Construction Investment and Shanghai Urban Investment Platform Company to explore the market transformation of China County Financing Platform Company,It can be realized through the transformation and upgrading of investment and financing,operation management and business transformation of the enterprise itself with the support of the internal integration and reorganization of the enterprise and the cooperation of the external government institutions.