Research On The Transformation Of The Government Financing Platform Platform's Financing Mode In County

Urban investment platform,also known as the government financing platform is refers to that the local government in response to the fund demand of regional economic development set up the special enterprise,especially for district government,through the platform external financing has become the main source of funds because of its limited financial resources and local infrastructure construction task.With economic development of districts and counties,the county investment platform's number and debt scale presents the explosive growth from 2008 to now.Since the new budget law came into force in 2015,policies and regulations strictly forbid the illegal financing of urban investment platform for the local government,the district investment platform need to not only do well in the continuation task of existing debets,but also raise funds for the local economic development,under this double pressure,the district investment platform in urgent need to transform the original “government credit and asset-backed”financing model to the market-oriented “enterprise credit” financing model.In this article,the author by combing the history of urban investment platform and analyzing the financing policy and bottlenecks,put forward the existing common problems of financing mode,and then by combining the ZB group financing mode transition process of nearly three years,and analyzing of old and new financing mode,put forward transition path and safeguard measure.At last,by summarizing and forecasting the financing transformation,provides direction and significance for more than 9000 county investment platforms in China,helps them striving for policy support from governments to complete the construction of state-owned capital operation platform,comprehensively consider the influencing factors of all parties and complete the transformation of function positioning,business transformation,financial optimization and other aspects,improve the comprehensive strength of the enterprise.By putting existing financing policies to good use,the county investment platforms establish the "enterprise credit" financing model,under the historical mission of assisting regional urban construction and economic development,explore the methods of enhancing financing capacity and operational integration capability of the enterprise with market-based transformation and development.