The Strategic Transformation Study Of Government Investment And Financing Platform Company

Since entering the New Normal,a series of problems have seriously restricted the financial and tax sources of the local governments,such as the slowing down of the real economy and the inflection point of the real estate market.In this context,the use of diversified financial means to efficiently integrate social capital has become particularly important.The investment and financing platform of Chinese local government is not only an important carrier for local government to invest and finance,but also an important tool to carry out urban construction and achieve various government functions.However,with the continuous advancement of the local modernization process,the problems in the development of local government investment and financing platform are gradually exposed.On the one hand,as an important financing channel to support regional economic development and infrastructure construction,the financing scale is expanded,resulting in increasing pressure on local governments to repay debt,and seriously affecting the normal operation of investment and financing platform and local government;On the other hand,the governance structure is not perfect,the guarantee behavior is not standard,the project investment efficiency is low,and the development strategy is not clear.Therefore,the role and sustainability of the local government investment and financing platform to the local economy are questioned.Under the New Normal,the local government investment and financing platform must combine with national innovation-driven strategy,and its strategic transformation and upgrading must be accomplished quickly.At present,with the continuous deepening of the reform of local government investment and financing platform,mature and sound socialist market-oriented system and sound economic and social environment will become the booster of the future strategic transformation and development of enterprises which use investment and financing platform.At the same time,the local governments' industrial structure upgrading strategy cannot be separated from the support of the healthy and mature local platform enterprises.As an important and typical investment and financing platform enterprise,Chengdu A Group Company will take on an important mission in supporting the development and transformation of Chengdu's local industries.This paper consists of five parts.The first part is introduction,which introduces the research background,significance,content,methods and ideas of this paper.The second part is a brief comb of the development process and the status quo of the local government investment and financing platform.And it explains the necessity for platform enterprises to implement strategic transformation.In the third part,this paper takes Chengdu A Group Company,the most representative investment and financing platform enterprise in Chengdu,as the research object.By combining with the mission and positioning theory of Chinese local government investment and financing platform enterprises,the present situation and strategic development of company A are reviewed.On this basis,the policy environment,economic environment,location environment of company A are analyzed,and the internal resource structure and existing problems of company A are deeply analyzed.After combing through the research,this paper finds out that Chengdu Company A has strong regional and era characteristics in its management and strategic development.In this paper,the opportunities and threats existing in the external environment of the company are paired with the strengths and weaknesses of the company itself,and the strategic transformation concept which relies on the environment and times is obtained.And through the effective implementation of strategy,A company's strategic transformation can be realized.The fourth part makes a detailed analysis of the development principles and objectives of the strategic transformation of company A,establishes the development principles of innovation,coordination,green,openness and sharing economy,and puts forward five goals of reform and innovation.After putting forward the strategic transformation decision,the fifth part introduces the need to build a specialized capital operation system,a marketoriented commercial operation system and a coordinated core business system with the implementation of the transformation strategy.Finally,this paper specifically introduces the safeguard measures of company A with regard to optimizes the management structure,promote the brand system,improve internal governance,focus on strategic coordination,and strengthen information control.