都江堰興市投資公司融資管理體系研究
發(fā)布時間:2018-03-10 19:16
本文選題:地方政府融資平臺 切入點:平臺經(jīng)營實體化 出處:《吉林大學(xué)》2015年碩士論文 論文類型:學(xué)位論文
【摘要】:08年金融危機以來,全國各地方政府為了拉動內(nèi)需并完善基礎(chǔ)設(shè)施建設(shè),維持GDP增速,成立了許多以融資為主要目的的公司,如城投公司、交投公司水投公司等,大家對這類公司有個統(tǒng)一的叫法稱之為政府融資平臺,這些融資平臺經(jīng)過多年發(fā)展,為當(dāng)?shù)氐墓苍O(shè)施建設(shè)和公益項目做出了很多貢獻,同時,過度負債,自身經(jīng)營性收入不高,還款來源過于以依賴當(dāng)?shù)刎斦杖氲葐栴}也日益暴露在社會公眾面前。根據(jù)國家審計署的審計結(jié)果顯示,截至2013年6月底,全國各級政府負有償還責(zé)任的債務(wù)20.69萬億,其中地方政府富有償還責(zé)任的債務(wù)10.88萬億,債務(wù)率為113.4%,而根據(jù)一些國外金融機構(gòu)的測算,政府真實債務(wù)可能還要高于這個金額,稍有不慎,就會給全國帶來巨大的金融風(fēng)險和財務(wù)風(fēng)險。截至2014年6月,據(jù)銀監(jiān)會的統(tǒng)計結(jié)果,,全國各級政府融資平臺的總數(shù)量早已過萬,其中區(qū)縣級融資平臺更是占60%以上,這些數(shù)量巨大的融資平臺下一步如何發(fā)展,是逐漸推出歷史舞臺還是在政府新的政策下成功轉(zhuǎn)型,在經(jīng)濟增速放緩的今天,如何安全的解決這些巨額存量政府債務(wù),文中通過對國內(nèi)外地方政府融資情況的分析,試探性的提出了一些個人的看法和建議。 本文也選擇了西南地區(qū)的一個正在轉(zhuǎn)型經(jīng)營實體化的縣級融資平臺,通過對這個企業(yè)的財務(wù)風(fēng)險,經(jīng)營管理風(fēng)險,政策風(fēng)險等等進行了全面的分析,為更好的完善企業(yè)融資管理體系,提出了防范風(fēng)險的具體建議和措施,融資平臺的融資體系管理是關(guān)系著是否能成功轉(zhuǎn)型的關(guān)鍵要素,只有管好了融資體系,解決好企業(yè)的資金缺口問題,才能讓企業(yè)慢慢從借新還舊的惡性循環(huán)中解脫出來,才能讓企業(yè)有更多的精力去認真落實好當(dāng)?shù)卣o企業(yè)提出的轉(zhuǎn)型目標,也能為全國其他地方政府的融資平臺轉(zhuǎn)型提供一些可借鑒的經(jīng)驗和具體措施,從而真正的實現(xiàn)國家領(lǐng)導(dǎo)層提出的由管理型社會向服務(wù)型社會發(fā)展的目標。
[Abstract]:Since the financial crisis of 2008, in order to boost domestic demand, improve infrastructure construction, and maintain the growth of GDP, local governments have set up many companies whose main purpose is to raise funds, such as City Investment Corporation, Trading Corporation, Water Investment Company, etc. You have a unified name for this kind of company called the government financing platform, which, after years of development, has made a lot of contributions to local public facilities and public welfare projects, and, at the same time, excessive debt. Its operating income is low, and its repayment sources are increasingly exposed to the public by relying too heavily on local revenues. According to the audit results of the State Audit Office, as of the end of June 2013, The national governments at all levels are responsible for 20.69 trillion debts, of which 10.88 trillion are owed by local governments, with a debt ratio of 113.4. According to the estimates of some foreign financial institutions, the real government debt may still be higher than this amount. A little carelessness will bring huge financial and financial risks to the whole country. As of June 2014, according to the statistics of the CBRC, the total number of government financing platforms at all levels across the country has already exceeded 10, 000, of which regional and county level financing platforms account for more than 60%. How to develop these huge financing platforms next, whether to gradually launch the historical stage or to successfully transform under the new government policies, and how to solve these huge stocks of government debt safely today when the economic growth rate is slowing down. By analyzing the financing situation of local governments at home and abroad, this paper tentatively puts forward some personal views and suggestions. This paper also chooses a county level financing platform which is undergoing transformation and operation in the southwest region. Through the analysis of the financial risk, management risk, policy risk and so on of this enterprise, this paper makes a comprehensive analysis of the financial risk, the management risk, the policy risk, and so on. In order to perfect the enterprise financing management system better, put forward the concrete suggestion and measure to prevent the risk, the financing system management of the financing platform is the key factor which relates to the successful transformation, only managed the financing system well, Only by solving the problem of the capital gap of enterprises can enterprises slowly extricate themselves from the vicious circle of new and old, and can enterprises have more energy to conscientiously implement the transformation goals put forward by the local government to the enterprises. It can also provide some experience and concrete measures for the transformation of financing platform of other local governments in China, so as to realize the goal of the development from management society to service society put forward by the national leadership.
【學(xué)位授予單位】:吉林大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2015
【分類號】:F832.39;F830.42
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