Research On Risk Prevention Of Government Financing Platform In G Development Zone

At the end of 1980 s,the local government financing platform appeared in China,which has experienced the period of germination,start-up,expansion and rapid expansion.It plays an important role in accelerating the construction of infrastructure,urging industry to make the grade and expanding domestic demand,However,since the outbreak of the global economic crisis in2008,China has broadened the conditions for the establishment of the platform in order to respond to the crisis.It has even encouraged local governments to raise funds through the establishment of financing platforms to complement the active financial policies of the central Government.Under the strategic guidance of“economic development as the center”and the transition form planned economy to socialist market economy,the financing platform of local government has many problems,How to standardize the operation mechanism of local government financing platforms and prevent financing risks has not stopped the academic research in this aspect.Based on local government financing platform as the research object,through the public product theory,principal-agent theory,asymmetric information theory and the theory of risk management,analyses the excessive financing platform of local government financing behavior motivation,through the study found that due to local government financing platform in financial imbalances,blind development platform,set up operation is not standard,severe debt accumulation,the macro economic operation risk,financial risk,the pressure to the financial system,triggering a series of social problems,to the stable operation of the economy in our country has brought a big hidden trouble,The problems and risk prevention should be highly valued by all levels of departments.Taking G Gevelopment Zone Financing Platform risk prevention research as an example,and regards the risk of platform company as the research object,Tracking,identifying,evaluating,predicting and monitoring the occurrence and development of the platform,combining the platform company's own situation with the main financing channel means at present,This paper analyzes the financial risk,credit risk,management risk and macro risk caused by the failure of the platform company's own situation and main financing channels.The paper finds that the risk of platform company is caused by the large scale of finsncing,the high cost of financing,the insufficient source of repayment,the imperfect operation system of platform company and the lack of innovation of financing channel.Through the analysis of the causes of these risks,some effective measures to guard against the risks of the G Development Zone Government FinancingPlatform have been put forward in the end.Namely: Platform company should establish perfect debt risk management system,establish perfect credit rating system and bond insurance service,establish risk resolution supervision mechanism of financing platform,and then take substantive precautions against the related risks.To control the scale and cost of financing through the establishment of relevant systems and mechanisms.Ensuring adequate sources of repayment;The perfection of operation mechanism;Broadening financing channels and innovating financing mothods.By keeping away form these effective measures,we can control and defuse the riek of the financing plarform to make a small contribution to the sustainable development of the local government.