Research On The Development And Transformation Of Local Government Financing Platform In China

In recent years,with the help of urbanization,China's economy has entered a critical period of transformation and upgrading and seeking high-quality development.As a special product in the specific historical background of China,local government financing platform plays an important role in accelerating the process of urbanization and promoting local socio-economic development.Although the relevant local government debt is implicit debt caused by the financing of the platform company,it is a financial problem on the surface,but it is based on the government's commitment,which is essentially a local government behavior,but also a financial problem.The current local debt risk has become the focus of widespread concern and heated discussion in the society.The transformation of the financing platform obviously has a strong realistic urgency.Under the background of China's current focus on preventing and defusing local government debt risks,it is of great practical and theoretical significance to analyze and study the market-oriented transformation and development of financing platforms.The paper explains and introduces the concept connotation,background and development process of local government financing platform and its important role.On the basis of this,the paper combs out the difficulties faced by the financing platform and explains the necessity and urgency of the transformation of the financing platform.The transformation path of current platform companies has been analyzed.Subsequently,this article selected the local industry leader enterprise Yunnan investment platform as a typical case,the platform company transformation measures are analyzed.Based on the present situation of urban capital development in Yunnan province,this paper summarizes the corresponding regional economic and financial situation,and makes a systematic analysis of the efforts and measures made by urban capital in the market transformation in recent years in order to seek its own development.This paper then combed out the experience of Yunnan city capital transformation development,including its own advantages,external challenges and difficulties,and put forward corresponding countermeasures and suggestions on how to further develop Yunnan city capital in the initial market-oriented transformation.According to this analysis,although Yunnan city capital has already made market-oriented transformation in terms of company management system,business structure and financing model,China's economy is in a period of transformation and upgrading,and Yunnan city capital is facing new challenges and new problems.In order to achieve sustained development and high-quality development in the market environment,it is necessary for Yunnan City Investment to make further transformations and breakthroughs.It is not only necessary to make use of its strengths,let the advantages of its characteristic industries play a better role,and make good progress.At the same time,it is necessary to seize the opportunities of the Belt and Road and increase its profitability.Finally,based on the experience of development and transformation of Yunnan city capital,this paper analyzes the transformation path of local government financing platform.Through the case study of Yunnan city capital transformation development,this paper analyzes the transformation measures,clarifies the development direction,and provides a reference for the development and transformation of most provincial government financing platforms,which has certain guiding significance.