Optimization Study On Risk Management Of Local Government Special Bonds In Pingnan County,Ningde City

Local government special bonds are a financing tool commonly used by local governments within the scope of China’s laws,and an important way to actively make financial investments.It plays an important role in the construction of major projects in various industries and counter-cyclical regulation for governments at all levels to make up for the shortcomings of sound investment and promote growth.It is an important tool for local government financing to "open the front door" and "block the back door".In recent years,the issuance scale of new local government special bonds has been rising year by year,and the debt risk has been accumulating,which has become a constraint to China’s economic growth.This thesis takes Pingnan County of Ningde City as the research object,based on theories of public risk and fiscal risk and risk management,and uses literature analysis,statistical analysis and case study method to study the risk management of local government special bonds in Pingnan County.Firstly,on the basis of understanding the general situation of social and economic development in Pingnan County,Ningde City,the situation of local government special bonds and risks in Pingnan County,Ningde City is analyzed,and the main measures of local government special bond risk management in Pingnan County,Ningde City and the main results achieved by special bond risk management measures are elaborated;secondly,the main problems of local government special bond risk management in Pingnan County,Ningde City are The main problems include inadequate risk assessment of special bonds,obvious risk of supervision of special bond projects,lack of standardization in the use of special bond funds and outstanding risk of repayment of special bond funds;then,the causes of the problems in the risk management of local government special bonds in Pingnan County,Ningde City are analyzed and it is found that the current problems in the risk management of government special bonds in Pingnan County include The reasons for this include: the division of authority and responsibility is not clear enough,the implementation of risk management policies is not strong enough,the lack of a perfect risk management system and the lack of strong supervisory means;finally,suggestions are made to strengthen the risk management of local government special bonds in Pingnan County,Ningde City,including further clarifying the division of authority and responsibility,optimizing the assessment and allocation method,hardening the government budget constraint;establishing a professional management team,training and cultivating personnel,and fully utilizing the power of expert think tanks.The recommendations include further clarifying the division of authority and responsibility,optimizing the assessment and allocation,and hardening the government budget constraint;establishing a professional management team,training and cultivating personnel,and fully utilizing the power of expert think tanks;improving the risk management system of special bonds,optimizing the risk analysis indexes of local government special bonds,and constructing a performance evaluation system for the use of special bond funds;and strengthening multi-level joint supervision,integrating supervision forces,and using independent accounts to supervise funds.This thesis takes Pingnan County of Ningde City as a research case to carry out an in-depth analysis,which is conducive to the enrichment and improvement of the risk prevention and control management mechanism of local government bonds in Pingnan County,and provides reference and reference for the optimization research of government special bond risk management in other regions.