Research On The Improvement Of Bond Investment Scheme Of M City Investment Corporation

From the late 1990s,in order to realize a large-scale investment financing plan,local governments have started to raise funds for infrastructure projects by establishing their own city-invested companies.Since 2009,the stock of China's urban investment bonds has cumulatively increased by 12 times,from 172 billion yuan in 2008 to 2.1 trillion yuan in 2015.In the process of rapid expansion,the problems existing in the development of local government investment and financing platform-city investment company's bond financing work have also begun to be exposed,and its hidden risks have aroused widespread concern in the market.As an investment and financing platform for M County,M City Investment Corporation has a rapid increase in financing scale.The main business mainly includes land development and consolidation,urban infrastructure construction and home sales.With the company's business development needs in recent years,the capital needed for the company's operations has continued to grow.M-city investment company for financing needs,the cumulative scale of the issuance of bonds continues to expand,resulting in the development of bond financing work in the increasingly prominent problems.This paper takes the issue of bond financing of M City Investment Corporation as the research subject.The article first introduced the concept of bond financing for urban investment companies and gave a brief overview of the causes,characteristics,and operating mechanisms.Then introduced the general situation of M City Investment Corporation.The following is a brief introduction of the status quo of bond financing by M City Investment Corporation.Through the analysis of corporate bond financing,profitability of corporate bond financing,debt repayment ability,operational capacity,and land assets,the company's bond financing work program four was pointed out.At the end of the article,the project improvement measures were proposed from the early,middle and later stages of bond financing by City Investment Corporation.At the same time,relevant safeguard measures were discussed from the government,intermediary agencies,and the company itself.