A Study On The Risk Management Of X Development Zone Financing Platform

During the year of 2008-2010,The Chinese government has issued 4 trillion plans to spur economic increase to deal with the huge impact of the international financial crisis.Under the impetus of the stimulus plan,the local government builds up the financing platform one after another.The financing platform plays a positive role to speed up urban infrastructure construction,promoting locale economic and assure the developing funds.However,as time goes on,the effect of financing platform Attenuation,the developing of local government debts just as a snowball,The Chinese government realized that the hidden trouble of local government debts bring to the future economic.So,how to implement the management of financing platform risk is the major problem at present.This paper selects X development zone financing platform as the research object,aiming to in-depth analysis of it's financing platform risk management situation during the develop and construction progress,to fine the effect methods of risk management,to make the financing platform building more reasonable,the operation model is healthier,and more energy and resistanceIt puts forward the solve way of X development financing platform risk management,content on basis of the public products theory and fiscal decentralization theory and financing risk management theory,using literature research method,field survey and comparative analysis.Firstly,it introduces the risk management achievement of X development zone financing platform in recent years,from the Fuzzy platform responsibility leads to imperfect risk management mechanism,the financing platform does not really realize the "six true principles " and lack of professional personnel in risk management of financing platform to analyze the questions of risk in the platform risk management.Then from the three levels of unreasonable design of top level mechanism,failure of risk supervision and the failure of principal and agent of local government and financing platform to analyze the deep questions in the platform risk management.Secondly,according to the successful experience of American market control mechanism,Australian cooperative negotiation control mechanism and Japanese administrative control mechanism,and the successful way of Chongqing "Eight big investment" financing platform and Shanghai city investment(Group)Co.,Ltd.and Hebe guan Industrial Park model,to formulate the three ways of implementing the administrative mechanism of the central government,expanding the financing mode of innovation and diversification and scientifically set up a quantifiable risk assessment and regulatory mechanism.Finally,from three aspects of strengthening the risk management of local government and strengthening the self construction of the development zone and promoting the transformation and upgrading of the financing platform to put forward the countermeasure of risk management of X development zone financing platform.