Exploration on the Transformation Path of Financing Platform Company under Risk Prevention

DOI

10.2991/hssmee-18.2018.65How to use a DOI?

Keywords

Urban construction & investment company Local government debt, Marketization transformation, Debt risk.

Abstract

The financing platform, as the hidden borrowing subject of local government, plays an important role in the process of local economic construction. However, this kind of borrowing mode not only has the concealment, but also has the characteristics of blind expansion and even raffish borrowing, which makes the hidden debt of local government become the most important link in preventing systemic financial risk currently. In such an environment, the marketization transformation of financing platform companies is more urgent and meaningful. If the platform companies can keep a foothold in the market independently of the government, the significance of alleviating the debt risk of local governments is self-evident. By analyzing the current situation of the existing urban construction & investment company, combining the national policy background and referring to the previous successful transformation cases of the urban construction & investment company, this paper proposes the possible path of the marketization transformation of the urban construction & investment company in view of the existing difficulties in the transformation of the urban construction & investment company. However, the transformation of urban construction & investment company faces many difficulties, which require the joint efforts of central government, local government and enterprise.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Minghao Li
PY  - 2018/09
DA  - 2018/09
TI  - Exploration on the Transformation Path of Financing Platform Company under Risk Prevention
BT  - Proceedings of the 2018 International Symposium on Humanities and Social Sciences, Management and Education Engineering (HSSMEE 2018)
PB  - Atlantis Press
SP  - 379
EP  - 386
SN  - 2352-5398
UR  - https://doi.org/10.2991/hssmee-18.2018.65
DO  - 10.2991/hssmee-18.2018.65
ID  - Li2018/09
ER  -