Jinan Local Government Financing Platform Risk Management

Since 1990 s, with the accelerating urbanization process in China, the rapid expansion of urban society scale basis. But under the influence of the tax reform, the revenue of local government is very limited in the face of huge financial difference between expenditure and revenue, local governments began to do everything possible to seek revenue sources, financing platform emerged. Local government financing platform construction and development process, which has played a huge role for the development of the local economy, speed up infrastructure construction. However, due to debt financing platform where large-scale, poor corporate governance, risk awareness and low factor that makes local government financing platform related risks gradually, once the risk of outbreak, is likely to lead to financial risks and social risks of local economic development Adverse effects. Especially in recent years, with the pace of development of the macroeconomic slowdown, local governments huge debt maturity, the risk of local government financing platform is attracting the attention of the whole society. In 2014 the State Council issued the "State Council on strengthening local government debt management," the strengthening of local government debt clearly defined, the government pay more attention to local government debt, strengthen the local government financing platform risk management research be placed in local levels an important issue in front of the government.Jinan City in recent years continues to accelerate the pace of development in urban construction and economic development have made some achievements, under the jurisdiction of the financing platform to provide a strong financial security and financial support. However, in terms of risk management, Jinan municipal government financing platform and the national situation, as with the increase in debt, backward management, financing channels for a single, gradually revealed some problems, there are potential risks. Taking Jinan City as an example, the use of case studies, literature analysis and other research methods, Cause of local government financing platform risk, the impact and the methods and countermeasures for strengthening management. This paper is divided into seven chapters, the first chapter, the background of this research, the research significance, research status quo at home and abroad introduces the situation, this paper describes the structure as a whole. The second chapter outlines local government financing platform for local government financing platform concept, the type, the role introduced, as the theoretical basis of this study. General Analysis Chapter III risk of local government financing platform for local government financing platform risk, influencing factors and the consequences for analysis. Chapter IV Situation of Jinan City, the local government financing platform, analyzes the development process of the Jinan Municipal Government financing platform, the status quo. Chapter Jinan City LGP risk and cause analysis, risk analysis, Jinan municipal government financing platforms exist, fuzzy evaluation model for quantitative risk analysis, and risk analysis of causes. Chapter VI strengthen Jinan City, local government financing platform risk management suggestions, based on earlier research, learn from the advanced experience of the proposed financing platform to strengthen Jinan City, the risk management operations from the platform itself, government regulators, banks and other aspects of restraint Measures to promote the healthy and sustainable development of Jinan City, the local government financing platform. Chapter VII Conclusion and Outlook, the full text summarized.