Research On Debt Risk Governance Of Local Government Investment And Financing Platforms

With the rapid development of the economy and society,various investment and financing undertakings have also emerged.Since the country issued various preferential policies to help building investment and financing platforms for local governments,the development of local government investment and financing has also become very rapid.The investment and financing undertakings of local governments play a great role in the local economic development and the easing of funds.Although local investment and financing platforms are relatively small for national investment and financing platforms,they cannot be ignored for national economic development.Only when the local economy is well managed and developed can the national economy move forward steadily and rapidly.However,all kinds of investment and financing undertakings have various risks.Of course,the investment and financing undertakings of local governments are no exception.As far as local governments in China are concerned,there are many risks in their own investment and financing platforms,some of which are potential risks that are not easy to find when investing.This requires careful observation and experience accumulation,so that we can make greater contributions to the investment and financing platforms of local governments,So that our life and economy can move forward steadily.Based on the objective perspective of the third party,this paper takes the local government investment and financing platform S City SDIC as an example,analyzes the problems existing in thebuilding investment and financing platforms for local governments from the micro perspective,explores the specific causes of risk,and finally puts forward practical and feasible debt risk control measures.After research,this paper draws the following conclusions: First,The development of debt risk management of local government investment and financing platforms can be divided into the following four stages: development,expansion,outbreak and governance.Secondly,by analyzing the current situation of debt risk governance of the investment and financing platform of the local government of S City,and summing up the existing problems,including the imperfect risk early warning mechanism,the need to improve the comprehensiveness of risk identification results,the confusion of governance subject and object responsibilities,the lack of systematic governance content,the backward governance methods,and many loopholes in governance technology;Thirdly,the causes of the debt risk governance problems of the local government investment and financing platform in S include the low degree of alignment between the investment and financing platform’s own positioning and development goals,and the inability of the management level of the investment and financing platform to match the development speed;Finally,based on the results of the previous analysis,through the study of this paper,we can obtain applicable solutions,such as clear positioning,rapid market transformation,improve management level and optimize governance structure.