Research On Financial Risk Management Of PPP Projects Of Company D Under The Whole Life Cycle

PPP projects are developing rapidly in China.At present,China has the largest PPP project development market in the world,and the future development space is unlimited.With the rapid development of PPP projects in China,a series of development problems have emerged,especially the increasingly severe financial risks faced by social capital in the process of undertaking PPP projects.As a high-quality ecological garden enterprise,company D has kept up with the pace of the times in recent years,and the projects undertaken have gradually changed from the traditional engineering mode to PPP or EPC mode.Since the adoption of PPP mode,the company has been subject to the characteristics of large investment and long time of PPP projects,resulting in high financial risks and development bottlenecks.Based on the whole life cycle theory and financial risk management theory,this paper first expounds the application status of PPP project of company D,including the specific process,implementation background,operation content and project mode architecture of the whole life cycle of the project.Then,using the relevant information and financial status of PPP project of company D,the financial risks of different stages of the project are identified according to the sequence of PPP project life cycle.The financial risks of each stage are mainly divided into four categories: financing risk,cost overrun risk,capital recovery risk and investment risk,Then analyze the causes of these identified financial risks,and use SWOT and F-score model to evaluate the financial risks qualitatively and quantitatively.Finally,in order to deal with the identified financial risks of PPP project of company D,some suggestions are put forward from each stage of the project life cycle.Through the research on the financial risk in the whole life cycle of PPP project of company D,this paper makes full use of the whole life cycle theory and relevant knowledge of financial risk management to control the financing risk of enterprises in preparing PPP project,the risk of cost overrun in construction and operation stage,the risk of capital recovery in transfer stage and the investment risk throughout the whole project life cycle,It provides a feasible and extensive idea for the financial risk management of PPP project of company D,and also provides a reference case for the financial risk management of municipal garden enterprises in China after undertaking PPP project.