株洲市城发集团融资风险及防范研究

发布时间：2018-02-05 00:29

本文关键词： 融资风险融资模式风险防范地方政府融资平台　出处：《湖南工业大学》2014年硕士论文　论文类型：学位论文

【摘要】：随着人们对城市基础设施等公共物品的需求日益增加,加上地方政府片面的政绩观,地方政府市政建设的任务激增。但是国家分税制改革后,地方财政面对日益繁重的市政建设任务逐渐变得捉襟见肘,再加之法律层面对地方政府融资行为的限制,地方政府必须寻求新的方法来解决经济建设和资金不足的矛盾,地方政府融资平台便在这样的背景下应运而生。地方政府融资平台的出现对于缓减地方政府财政压力、推动城市化建设、应对金融危机等方面起到了重要的作用。然而在发展的过程中,地方政府融资平台出现负债规模过高、融资渠道过于单一、治理结构不健全等问题,致使融资上存在较高的风险,不利于融资平台健康发展。文章以株洲市城发集团为研究对象,在当前我国地方政府融资平台现状的基础上,分析株洲市城发集团存在的融资风险和产生风险的机理,并借鉴国内外地方政府融资平台的发展经验,为我国融资平台的发展提供政策建议。文章采用文献研究法、比较研究法等方法,试图找准当前株洲市城发集团融资上存在的主要风险,并提出切实可行的融资风险防范对策,为城发集团进一步发展提供相应的保障。文章首先阐述了地方政府融资平台的产生、发展及现状,并回顾了风险管理的相关理论,为下文研究做准备;其次分析了株洲市城发集团融资现状,分析其存在的主要融资风险,并讨论产生这些风险的机理;接着对国内外先进的融资模式及风险控制经验进行了介绍,得到相应的融资风险控制启示;最后在风险分析和借鉴国内外先进融资模式的基础上,提出了相应的风险防范对策。通过研究,株洲市城发集团存在的主要融资风险是负债风险、渠道风险、市场风险和政策风险,产生这些风险的机理主要是地方政府的财政收支不平衡、地方融资平台产品的特殊性和地方融资平台运作的不规范性。针对融资风险及产生机理,结合国内外先进融资模式风险控制经验启示,分别对存在的四种风险提出了具体的防范措施。
[Abstract]:With the increasing demand for public goods such as urban infrastructure, coupled with the one-sided political achievements of local governments, the tasks of municipal construction of local governments have increased sharply. But after the reform of the national tax distribution system. In the face of the increasingly onerous tasks of municipal construction, the local finance has gradually become overstretched, in addition to the legal level of local government financing behavior restrictions. Local governments must find new ways to solve the contradiction between economic construction and lack of funds. Local government financing platform came into being in such a background. The emergence of local government financing platform to alleviate the local government financial pressure and promote urbanization. Response to the financial crisis has played an important role. However, in the process of development, local government financing platform debt scale is too high, financing channels are too single, governance structure is not sound and so on. This paper takes Zhuzhou City Development Group as the research object, on the basis of the current situation of local government financing platform in our country. This paper analyzes the financing risk and the mechanism of risk in Zhuzhou City Development Group, and draws lessons from the development experience of local government financing platform at home and abroad. This paper tries to find out the main risks existing in the financing of Zhuzhou City Development Group by using the methods of literature research and comparative research. And put forward feasible financing risk prevention countermeasures, for the further development of the city development group to provide the corresponding protection. Firstly, the article describes the emergence, development and current situation of local government financing platform. And reviewed the related theory of risk management, for the following research preparation; Secondly, it analyzes the current financing situation of Zhuzhou City Development Group, analyzes its main financing risks, and discusses the mechanism of these risks. Then the advanced financing mode and risk control experience at home and abroad are introduced, and the corresponding revelation of financing risk control is obtained. Finally, on the basis of risk analysis and reference of domestic and foreign advanced financing model, the corresponding risk prevention countermeasures are put forward. Through the research, the main financing risk of Zhuzhou City Development Group is debt risk and channel risk. Market risk and policy risk, the mechanism of these risks is mainly the imbalance of local government's fiscal revenue and expenditure. The particularity of the products of the local financing platform and the non-standard operation of the local financing platform. According to the financing risk and its mechanism, combined with the domestic and foreign advanced financing model risk control experience enlightenment. Four kinds of risks are put forward to prevent them.
【学位授予单位】：湖南工业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275;F299.24

【相似文献】