Study On The Transformation Of TS Financial Holding Local Government Investment And Financing Company

The local government investment and financing companies,also known as local government financing platforms,refer to economic entities established by local governments and their departments and institutions through financial appropriations or injection of assets such as land and equity,which undertake the financing function of government investment projects.It is a special entity in the specific economic development situation of China,playing an important role in compensating for local financial deficiencies and promoting local infrastructure construction.It has the characteristics of a close relationship with local governments and having more social responsibility missions.However,with the rapid development of local urban investment platforms,they have accumulated large-scale debt risks that may be passed on to the local government,and may also pose a threat to the financial system,triggering regional or systemic financial risks.Therefore,urban investment platforms have reached the point where they must transform or to die if not transformed.Against the current situation of lack of models for the transformation of urban investment companies in China,this article attempts to provide theoretical and case guidance for the transformation and development of urban investment companies in a general campany through the TS Financial Holding Urban Investment Platform’s transformation and development research.Compared with typical urban investment platform transformation models,such as,Shanghai Urban Investment platform,Hefei Construction Investment platform,Suzhou Industrial Park Investment platform,it will have more reference and feasibilityFocusing on the theme of "Research on the Transformation and Development of TS Financial Holding Urban Investment Platform",this article first analyzes the background and significance of this topic;Next,an in-depth analysis of the relevant concepts of the research topic is conducted.Especially in the in-depth interpretation of the three concepts of urban investment platform,transformation,and government&enterprise relationship,this article propose a new type of government&enterprise relationship.Based on the relationships and characteristics involved in these three concepts,project differentiation theory,principal-agent theory,and corporate governance theory are provided as the theoretical basis for urban investment transformation,as well as the transformation models and experiences of typical domestic urban investment,it will be more meaning for studying the transformation of TS Financial Holding Urban Investment;On the basis of the above background,theory,and comparative cases,this article conducts in-depth analysis and research on the transformation of TS Financial Holding.A comparative analysis of various transformation models and effects provides a deeper understanding of TS Financial Holding’s transformation and better reference for other urban investment companies’ transformation;Finally,based on a detailed SWOT analysis of TS Financial Holdings’ transformation,this article concludes that in order to achieve successful transformation for TS Financial Holdings,it is necessary to continue to adopt four transformation strategies,such as,"revitalizing existing assets" and "strengthening capital operation".In addition,urban investment enterprises should grasp four overall thinking principles,such as,"correctly recognizing and grasping the relationship between government and enterprises" and "doing a good job in top-level design",to accurately grasp the transformation direction.In order to conduct specific research,this article comprehensively utilized research methods such as literature review,comparative analysis,case analysis,and financial analysis.In addition,SWOT analysis method was used to gain a deeper understanding of TS financial control transformation.At the same time,basic financial knowledge was used to construct a simple model to predict the quantitative income indicators required for TS financial control.And it is helpful to provide more targeted suggestions for TS Financial Holdings’ further transformation.This article selects TS Financial Holding,a city investment company with a general status as a prefecture level city in a province with an average economy,as a typical case of transformation for detailed discussion.It not only draws on the experience of successful transformation cases,but also attempts to find a suitable development path for itself.Therefore,the study of TS Financial Holding transformation can not only point out a more accurate direction for TS Financial Holding’s future transformation path,It can also provide inspiration for the transformation path for other urban investment companies with similar situations.This has certain theoretical and practical significance.At the same time,in response to the insufficient research on the transition period of urban investment companies in existing literature,this article proposes the overall ideas and principles that should be mastered during the transformation process of urban investment companies,and innovatively proposes the concept of combining government and enterprise.This helps urban investment companies to develop steadily,prevent debt risks and transformation risks.