Urban Construction Investment And Financing Platform Of Local Government Of Sichuan Province

Since reform and opening up, great changes have taken place in our local economy. In this period, with the development of economy, city in rapid expansion, the current urbanization is increasing rapidly. And urban infrastructure as a prerequisite for urban development, with the expansion of the urbanization process, urban residents demand for urban infrastructure also on the rise.After implemented the reform in1994, the local government’s financial governance unequal, namely fiscal revenue to reduce the increase in the number of local construction tasks. At the same time, our country "budget law" also has carried on the limits to the financing channels of local government, local governments need to keep the balance of payments, the deficit can’t be too big and not to issue local bonds. Which leads to the local government have to face the local finance income cannot satisfy the increasing problem of the funds required for the urban infrastructure construction.In this case, the urban construction investment and financing platform of local government, especially after the end of2008, with the development of decades of rapid growth, the number of the current urban construction investment and financing platform of local government In China has reached a considerable scale. In the process of development, urban construction investment and financing platform of local government on the development of local economy played an indelible role, for local governments to solve the financing difficult problem, extend the financing channels for local governments. But at the same time because of our country has not yet launched the standard platform company laws and regulations, make it in the process of development, also has exposed many major issues, such as:functional position is not clear, lack of debt risk control, debt problems such as lack of transparency. And in order to make the platform company continue to play a positive role, it is imperative to solve these problems.This paper describes the effects of the background, the urban construction investment and financing platform of local government, operation mode, and in chengdu urban construction investment management group co., LTD as an example is analyzed the operation condition of local government investment and financing platform of sichuan province. In the affirmation of its effects on the local economy at the same time found that the major problems, and how to solve the problems facing urban construction investment and financing platform of local government put forward the improvement measures and Suggestions.