TITLE:
Analysis of Financing Dilemma of Local Government Financing Platform
AUTHORS:
Zefang Hu
KEYWORDS:
Local Financing Platform, Financing Dilemma, Transformation
JOURNAL NAME:
Modern Economy,
Vol.9 No.12,
December
4,
2018
ABSTRACT: With the advancement of structural deleveraging and
the strengthening of regulatory policies, local government financing platform
is facing a certain financing dilemma. Starting from the financing dilemma of
the financing platform, this paper analyzes the specific manifestations of the
financing dilemma and the external and internal causes, and on this basis
explores the direction of the financing platform to break the financing dilemma
and carry out the market-oriented transformation. On the basis of matching local governments’
financial and administrative powers, the paper holds that we should promote the
separation of government and enterprises, optimize the business model and debt
structure of the financing platform, promote the formation of market
competitiveness of the financing platform, and become the market subject of
self-management and self-responsibility for profits and losses.