Discussion On The Issue Of Issuing Municipal Bonds In Shaanxi Province

Economic foundation determines superstructure.Under the background of deepening economic reform and local government playing a more important part in economic development,issues around local government bonds emerge as a hot topic at present.On the one hand,new-type urbanization calls for a great demand of fund for local government. Develop and guide the development of the municipal bond market, to reduce the financial pressure on the local, but also the idle funds in the community to bring together into productivity; and local governments to become more familiar with their own situation, the economic development of the area and level logistics in hand, compared with the central government, local government investment in place more effective.Through funding gap for local economic development and local government financing and other non-standard analysis, the importance of municipal bonds appearances in combing the domestic and foreign bonds that are issued on the basis of research trends explain the meaning and theoretical basis of municipal bonds, summed up the successful experience and the history of the municipal bond issuance pattern of US municipal bonds issued by Japan, in Shaanxi Province on municipal bond issues were discussed, proposed safeguards municipal bonds issued by Shaanxi Province.According to the results, in terms of whether the Shaanxi provincial government can issue municipal bonds, the article that the Shaanxi provincial government issued municipal bonds is necessary and feasible to follow the principles, from the main issue, interest rates, the term structure, distribution methods, financial uses six types of issuing municipal bonds in Shaanxi Province was conceived, we proposed the establishment of risk early warning mechanism, the credit rating mechanisms, public disclosure of information safeguards mechanism bonds, bond guarantee mechanism, debt service reserve system.