Research On The Transformation Of Local Government Financing Platform

China’s investment and financing environment, great changes have taken place since the reform and opening up, for the local government to raise the funds required for the social and economic development of the local government investment and financing platform in this wave of arises at the historic moment, to a large extent accelerate the process of the government infrastructure construction. But at the same time, all levels of local government investment and financing platform in the operation process is not standard, and the problem of excessive debt scale expanding, increasingly prominent credit risk, operational risk has become increasingly significant, this a series of problems caused the social from all walks of life. Since 2010, the central government issued a series of laws, regulations and policies for local government investment and financing platform for rectification, in August 2014, the new \"budget law\" amendment adopted, number 43 followed, make clear a regulation since 2016, the government financing platform to divest government financing function, financing transformation platform facing a severe test.This article first from the concept, classification of local government financing platform and theoretical analysis, from the market failure theory, the theory of fiscal decentralization, regional financial theory and public goods theory of local government financing platform multi-faceted theoretical analysis. Then from the history of the local financing platform, financing channels and other aspects, from the external and internal respectively in this paper, the local government financing platform to expand the cause of the development. Next, in Tianjin city investment group, for example, about the present situation of Tianjin city investment group, introduces the financing mode of operation, investment and financing development environment and the group through the method of SWOT analysis in detail, provide reference for Tianjin city for the transformation of development. Finally, from the innovation of financing methods, adjust the management structure, and introduces the PPP mode, improving construction management three aspects to the transformation of Tianjin city investment measures and Suggestions are put forward.