Research On The Countermeasures Of Local Governments In Preventing And Controlling Regional Financial Risks

Finance is the blood and power of modern econo,ic development.Financial stability and security are important issues related to the overall economic and social development in China.At the national financial work conference in 2017,the Central Committee made clear that local governments should strengthen the responsibility for local risk disposal.In the report of the 19th National Congress of the CPC,the Central Committee also listed prevention and resolution of major risks as one of the "three key battles" in the new period.It requires that the existing financial supervision system should be constantly strengthened from the Central Committee to the local government,and the occurrence of financial risks should be prevented and controlled.It is clear that local governments are the first responsible person to prevent and dispose local financial risks,and require local governments to fulfill their local responsibilities and firmly keep the bottom line of non-systematic financial risks.This paper takes the typical X city in Shandong Province as an example to study,analyzes the background and causes of the risk outbreak in X city,and the hazards caused by it.According to the initial and later stages of the risk outbreak,the paper introduces the measures taken by the local government,banks and enterprises to resolve the risks,and analyzes and studies these measures,and summarizes the effective measures and good measures,Then,the paper puts forward three suggestions for local governments in the prevention and control of regional financial risks:first,accelerating the pace of financial legislation and rationalizing the responsibilities of preventing and controlling regional financial risks.Second,to establish multi-party linkage to prevent and control regional financial risks,and to fight against the behavior of avoiding and abolishing bank debt,we should help or dispose the risk enterprises differently,and resolve the non-performing loans of banks through multiple channels.Third,we should improve the ability of local governments to prevent and control regional financial risks,prevent and control regional financial risks in the development,establish the monitoring and warning mechanism of local government financial risks,and train professional financial talents.By analyzing and studying the functions of the government and the theory of collaborative governance,combining with the innovative practices and measures of X city in the process of resolving regional financial risks,this paper defines the roles and functions that local governments should play in the process of resolving regional financial risks,puts forward effective measures to prevent and resolve regional financial risks,improves the advance and accuracy of the resolution,and reduces regional finance The impact and loss of risk on local economy and society can provide reference and basis for other cities and even the whole country to effectively prevent and resolve regional financial risks.The innovation of this paper is to change the previous research on financial risk limited to a single sector,combine the regional financial risk with the function of local government,and focus on the problems and collaborative governance of the central vertical regulatory authorities and local governments in financial supervision and financial risk resolution.At the same time,the innovation puts forward some innovative countermeasures,such as the establishment of funds to purchase and dispose of non-performing loans in batches,the disposal and dissolution of corporate guarantee circle,which has a strong reference significance.