Research On The Financing Business Of Guiyang X Government Financing Platform Company

Local government financing platform companies,as the main financing body of infrastructure project construction in China,play an important role in the economic development and infrastructure construction in China,but the resulting government implicit debt crisis has also become a problem that can not be ignored.With the deepening of supply side reform in China,the problems of financing platform financing industry are emerging,which have a serious impact on its sustainable development.Under the current situation that the state has constantly issued new policies to strengthen the supervision of local government financing platform companies,it has become an urgent task for local government financing platform companies to break the inherent mode,create their own financing mode and solve the debt crisis.This paper takes X local government financing platform company as the research object and draws on the research experience at home and abroad.Firstly,it analyzes the development background,development process and characteristics of local government financing platform company in China,and based on Keynes government intervention theory,financial decentralization theory,enterprise life cycle theory and local competition theory,it analyzes the existence and development of government financing platform company Unified description.Then through literature research,investigation and case analysis,this paper analyzes the operation,debt situation and financing business of X local government financing platform company in detail,and points out the existing problems in financing mode of X local government financing platform company,that is,fuzzy financing subject,single financing mode,relying on land finance,lack of effective supervision of debt Finally,based on the analysis of the causes of the problems,the paper puts forward the solutions,and suggests that the company should standardize the relationship between the company and the government,explore diversified financing channels,actively build a market-oriented modern enterprise,and establish a sound debt early warning mechanism.The purpose of this paper is to analyze the problems existing in the financing mode of X local government financing platform company,and to put forward solutions,so as to provide reference for other similar local government financing platform companies in Guiyang in the future financing mode.