| Local government financing platforms raise large amounts of funds on a large scale and scale,promoting economic development,but also bringing severe debt problems.This article chooses to study the financing model of JL County Government’s financing platform company.Based on an analysis of the current situation and difficulties of JL County government financing platform companies’ financing models,this article explores how JL County government financing platform companies can innovate their financing models and improve their financing strategies under stricter regulatory policies such as the new asset regulations by drawing on the advanced experience of domestic and foreign local government financing platform financing models.The research in this article can enrich the research on the financing models of county-level financing platform companies from the theoretical perspective;At the practical level,it can provide reference for the improvement of the financing model of JL County Government’s financing platform companies,and provide reference for solving the financing problems of other county level local government financing platforms.This article mainly includes five aspects of content.The first is to sort out the literature and theories of local government financing platforms;Secondly,it expounds the experience and enlightenment of domestic and foreign government financing models;Third,take the JL County Government financing platform as a case to analyze the current situation and constraints of its financing model;Fourth,based on the supply and demand of JL County Government financing platform financing,financing characteristics,and the impact of new asset regulations,the innovative design of JL County Government financing platform financing model;Fifthly,based on the current constraints of the JL County Government financing platform financing model,further suggestions are given to improve the JL County Government financing platform financing model.The main conclusions of this study are as follows: First,the constraints on the financing model of JL County Government’s financing platform include: insufficient information disclosure,and management mechanisms to be improved;The financing channel is relatively single and the cost of financing funds is high;Insufficient self hematopoietic function and debt repayment ability;Administrative color is too strong,and financing decisions are not scientific enough.Secondly,the innovative design of the JL County Government financing platform financing model under the new asset regulations includes: optimizing the PPP model;Upgrade the urban investment mode;Asset securitization.Thirdly,countermeasures and suggestions for improving the financing mode of JL County Government’s financing platform include: strengthening information disclosure and improving management mechanisms;Broaden financing channels and reduce financing costs;Strengthen hematopoietic capacity and improve debt repayment ability;Dilute administrative color and optimize financing decisions. |
