| Since the major financial crisis occurred in the 1990 s,local government financing platform companies have been a special state-owned enterprise that responds to the political system and economic reforms to alleviate local fiscal shortages.Not only has made considerable contributions to my country’s urban infrastructure construction and stable economic development,but it has also continued to grow in number and scale.However,during the rapid development of these platform companies,the risks and shortcomings of the platform companies have also begun to emerge,and problems such as irregular operations,low investment returns,and excessive borrowing have frequently appeared.Therefore,the transformation and development of local government financing platform companies cannot be delayed.Huaining County Transportation Construction and Development Co.,Ltd.is the most important local government financing platform company in Huaining County.Since its establishment in 2013,it has been relatively mature in terms of project construction and financing management,but it has also exposed some obvious shortcomings,such as political Enterprise boundaries are not clear,financing channels are not broad enough,and the degree of integration into the private economy market needs to be improved.It is clear that the company’s corporate and market transformation must begin to be on the agenda.This article researches the overall development of Huaining County Transportation and Development Company,the central government’s decision-making and deployment of state-owned enterprise reforms in recent years,combined with the policy background,through the use of basic theoretical knowledge such as financing theory,property rights theory,and strategic management theory,using SWOT-PEST Analysis,QSPM matrix analysis and other comprehensive methods,systematically and comprehensively understand and analyze the advantages and disadvantages,opportunities and threats of the external environment and the company’s existing internal governance of Huaining Exchange and Development,and draw conclusions from them.It indicates that the transformation and development of Huaining County Communications and Development Company should take marketization as the transformation goal,follow the fundamental principle of "market-oriented and industrial entity as the basic",implement clarification of the relationship between the government and financing platforms,strengthen debt risk supervision,and innovative financing Specific transformation measures such as capacity methods,strengthening state-owned asset management,focusing on the development of real economy industries,and introducing social resources.While building Huaining Communications Development’s market-oriented transformation and development strategy design measures,it integrates a series of internal safeguards including improving the organizational structure,consolidating risk control,optimizing financial management,coordinating human resources,and building corporate culture,so that Huaining County Communications Development The smooth implementation of the company’s transformation and development strategy provides stability for the company to conform to the direction of national reform and development.It is of great significance to the research on the transformation and development of Huaining County Communication and Development Company.It is expected that effective experience can be summarized in the process of completing strategic transformation and market-oriented operation for Huaining County Communication and Development Company,so as to be able to finance other similar local governments in China that are also facing transformation and development.The platform company provides help and model in follow-up practice. |
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