Research On Financial Risk And Control Of Local Government G Financing Platform Company

In 2017,the central government has issued a series of normative documents,such as No.50 and No.87,to control the operationhe behavior of local government financing platforms.By standardizing the operation activities of financing platforms,financial risks are strictly controlled.This unprecedented severity,on the one hand,controls the financial system risk and local government debt risk to ensure the smooth development of regional economy;on the other hand,it also promotes the pace of transformation of financing platform.Therefore,effective control of financial risks is an important prerequisite for the market-oriented transformation of financing platforms.In this stage of coexistence of opportunities and challenges,local government financing platform must regulate business activities,effectively control financial risks,meet market requirements as soon as possible,and complete the transformation.The case company G Platform Company selected in this paper is a local government financing platform which is in the critical period of market-oriented transformation.It has a large scale of operation and complicated management.There are also some problems in financial risk control.Therefore,this paper chooses G Platform Company as a case to study its financial risk and control.Through the research on case enterprises,we can understand how to accurately assess financial risks and achieve effective financial risk control,which has a strong practical guiding significance for the development of local government financing platform.The structure of this paper is as follows: Firstly,based on the research background,combined with the literature review at home and abroad to make relevant comments,clarify the purpose and significance of this study,and clarify the research framework and method;secondly,it expounds the related concepts of financial risk,local government financing platform,etc.Systematically sort out several analysis methods of financial risk assessment,and compare advantages and disadvantages;once again,analyze the financial risks of G platform companies,and analyze the problems existing in the existing control systems for the analysis results with higher financial risks;Finally,the financial risk control of G platform company is improvedfrom the perspective of organizational structure,control process and various risks,financial risk control capabilities were strengthened to enable them to meet market transformation requirementsas soon as possible and achieve stable and sustainable development.Based on the analysis of theory and case,this paper draws the following conclusions:(1)G platform company has certain risks in financing,investment,fund recovery,cash flow and so on,which has brought impact on the company's development and operation;(2)The financial risk control system of G platform company has the problems of incomplete organizational structure,irregular control process,and inadequate risk management and control.It cannot effectively deal with financial risks and needs improvement;(3)Through adjusting the organizational structure,improving the financial risk control process,strengthening the strength of risk management and control to improve the financial risk control of G platform company,improve its level of financial risk control,promote faster market-oriented transformation requirements,and strengthen the financial risk control of G platform company at the same time,also for Other local government financing platforms can effectively control financial risks and provide good reference.