Research On Urban-investment Corporation’ Stock Risk Management And Control Of Our Country

In recent years, as one of the local government debt financing,in the driving of the positivefinancial policy of the central government, the bond-rising of urban investment corporation hasdeveloped a lot. However, its potential risk has appeared slowly.The identification and mea-surement of risk is the premise of risk management,the design of an effective risk controlmechanism is the basis of risk control,seeking a road to solve the management and control ofurban investment corporation risk,is the urgent task that need us to do.This paper firstly summarizes the relevant articles on managing and controlling of urbaninvestment companies bonds. describes the concepts, the financing status and characteristics, therisk categories and affecting factors,the risk measurement models and the empirical study on riskmangement and control of the city investment bond.Then on this basis, theoretical analysis onissuevolumes,existing risks,risk factors and risk control theories of the urburn-investmentcorporation’stock,establishing the theoretical basis for the management and control of risk.Then the article is on the basis of the2000to2012financial data of Shaanxi,SichuanChongqing,Yunnan,Gansu,by using the improved KMV model,starting the empirical research onthe issue of the bond scale and risk of China’s western regions. Choosing Beijing,Shanghai,Shan-dong’financial data to study the bond scale and the risk of China’s eastern regions and tocompare with the western religions, To measure the security debt scale of the city investmentbond effectively,and as a reference for preventing and controlling urban-investment bond risk.Finally,according to the sepecific city investment bonds of Zhenjing,Huaihua,Tianjin andetc.,studing the effects of the bond scale,capital scale,capiyal operation,capity reimbursement tothe bond risk,pointing out three factors of control mechanism: the debt scale control,capitaloperation control,financial solvency and management control and putting forward the specificmeasures for risk control.