Research On Market-Oriented Transformation Of The Government Investment And Financing Platform Taking The D Company As An Example

Local government financing platform has played a very important role in China’s urban construction and economic development,but it also makes local government debt grow too fast to a certain extent.Government implicit debt has become an important risk hidden danger in China.The problem of local debt has attracted much attention because it may lead to systemic or regional financial risks.Preventing and resolving local debt risks,cutting off the relationship between the government and the financing platform and realizing the market-oriented transformation of the platform company are not only the requirements of preventing government debt risks,but also the direction of the future development of the platform company.As the main part of local financing platform,the transformation of district and county level urban investment platform has very important reality and urgency.Under the background of strengthening debt management and accelerating the market-oriented transformation of financing platform,an in-depth study on the market-oriented transformation path and effective model of district and county investment platform has certain theoretical significance and important practical guiding significance.This essay takes D company as example,the investment and financing platform of Dongying Port Economic Development Zone,as the research object.Based on the concept of market-oriented transformation and the theory of fiscal decentralization,public goods supply and hidden debt,using the methods of literature research and case study,this case analyzes its financial data and the current situation of market-oriented transformation,summarizes the characteristics of financing model,and analyzes the problems and reasons of its market-oriented model,According to the actual situation of D company,the corresponding improvement strategies are put forward.It is found that the transformation and development of company D carries out market-oriented transformation from the aspects of stripping government functions,expanding financing methods,optimizing asset management and strengthening talent introduction and training.Next,it takes four aspects as the guarantee measures for transformation and development by improving corporate governance structure,strengthening capital return,resolving debt risk and innovating financing methods,So as to provide innovative,feasible and specific suggestions and ideas for the transformation and development of D platform company and other county and district level local government financing platforms under the new situation.