【摘要】：自1988年起,為了規(guī)避《預(yù)算法》等相關(guān)法律法規(guī)禁止地方政府舉債的規(guī)定,解決城市建設(shè)所需的資金問(wèn)題,地方政府相繼成立了融資平臺(tái)公司(以下簡(jiǎn)稱平臺(tái)公司)。所謂地方政府融資平臺(tái),實(shí)際上廣泛包括地方政府組建的不同類型的城市建設(shè)投資公司、城建開(kāi)發(fā)公司、城建資產(chǎn)經(jīng)營(yíng)公司等不同類型的公司,這些公司通過(guò)劃撥土地等資產(chǎn)組建一個(gè)資產(chǎn)和現(xiàn)金流大致可以達(dá)到融資標(biāo)準(zhǔn)的公司,必要時(shí)再輔之以財(cái)政補(bǔ)貼等作為還款承諾,重點(diǎn)將融入的資金投入市政建設(shè)、公用事業(yè)等項(xiàng)目之中。 本文在查閱相關(guān)文獻(xiàn)資料和實(shí)地調(diào)研基礎(chǔ)上,全面分析了地方政府投融資平臺(tái)的萌芽與起步及后續(xù)的發(fā)展歷程,展望了地方投融資平臺(tái)的發(fā)展前景和路徑。作為企業(yè)法人而言,平臺(tái)公司自組建起即存在法律瑕疵,爭(zhēng)議較大。另外,還存在注冊(cè)資本中貨幣出資偏少、出資不實(shí)不規(guī)范、大量非經(jīng)營(yíng)性資產(chǎn)充做注冊(cè)資本,部分平臺(tái)公司從不從事?tīng)I(yíng)利性生產(chǎn)經(jīng)營(yíng)活動(dòng),難以獨(dú)立承擔(dān)民事責(zé)任等問(wèn)題。平臺(tái)公司在運(yùn)營(yíng)中也存在著不少問(wèn)題,從擔(dān)保來(lái)看,存在地方政府提供信用擔(dān)保、部分權(quán)利抵押擔(dān)保未獲法律認(rèn)可等問(wèn)題。從公司治理來(lái)看,存在法人治理結(jié)構(gòu)不健全等問(wèn)題。為了解決上述問(wèn)題,避免因平臺(tái)公司不規(guī)范運(yùn)作可能導(dǎo)致的金融風(fēng)險(xiǎn)和財(cái)政風(fēng)險(xiǎn),加強(qiáng)平臺(tái)公司的研究刻不容緩。筆者從工作實(shí)際,提出規(guī)范平臺(tái)公司的法治化路徑,從長(zhǎng)遠(yuǎn)來(lái)看,只有從體制機(jī)制上入手,進(jìn)行財(cái)稅體制改革,使國(guó)家和地方財(cái)稅制度與地方政府投融資平臺(tái)的發(fā)展相互協(xié)調(diào)發(fā)展,從而財(cái)稅法律和政策能為平臺(tái)公司的規(guī)范化發(fā)展提供制度支持。同時(shí)國(guó)家應(yīng)允許省級(jí)地方政府適度負(fù)債,地方政府的負(fù)債可以將社會(huì)中的閑散資金重新聚集起來(lái),為國(guó)家和社會(huì)的公共基礎(chǔ)建設(shè)提供資金來(lái)源,而平臺(tái)公司則可以成為地方債券用于基礎(chǔ)建設(shè)的中轉(zhuǎn)器,不過(guò)地方政府發(fā)行債券應(yīng)該是有計(jì)劃的,數(shù)量和規(guī)模不能太大,否則會(huì)給經(jīng)濟(jì)發(fā)展帶來(lái)風(fēng)險(xiǎn)和引起金融動(dòng)蕩。就目前而言,則應(yīng)根據(jù)相關(guān)的法律法規(guī)從分類管理、規(guī)范與充實(shí)注冊(cè)資本、規(guī)范擔(dān)保行為、完善法人治理結(jié)構(gòu)入手,對(duì)平臺(tái)公司進(jìn)行規(guī)范化和法治化管理。
[Abstract]:Since 1988, in order to avoid the provisions of laws and regulations, such as the Budget Law, which prohibit local governments from borrowing money, and to solve the problem of capital needed for urban construction, local governments have successively set up financing platform companies (hereinafter referred to as platform companies). The so-called local government financing platform, in fact, widely includes different types of urban construction investment companies, urban construction and development companies, urban construction assets management companies, and other different types of companies established by local governments. These companies set up a company with assets and cash flows that can roughly meet the financing criteria by allocating land and other assets, and when necessary supplemented with financial subsidies and other commitments as repayment commitments, focusing on the investment of the funds involved in municipal construction. Among the public utilities, etc. On the basis of consulting relevant literature and field investigation, this paper comprehensively analyzes the budding and starting of local government investment and financing platform and its subsequent development process, and looks forward to the development prospect and path of local investment and financing platform. As an enterprise legal person, the platform company has the legal flaw since its establishment, the dispute is great. In addition, there are still some problems, such as the small amount of the registered capital, the irregular contribution of the registered capital, the large amount of non-operating assets as the registered capital, whether some platform companies are engaged in the for-profit production and operation activities, and so on, and it is difficult to bear the civil liability independently. The platform company also has many problems in the operation, from the guarantee point of view, the local government provides the credit guarantee, some rights mortgage guarantee has not obtained the legal approval and so on. From the point of view of corporate governance, the existence of corporate governance structure is not perfect and so on. In order to solve the above problems and avoid the financial risk and financial risk caused by the non-standard operation of platform company, it is urgent to strengthen the research of platform company. In the long run, the author puts forward the way to standardize the legal system of platform companies. In the long run, only from the perspective of the system and mechanism, the reform of the fiscal and taxation system should be carried out. The national and local fiscal and taxation systems and the development of local government investment and financing platforms can develop harmoniously, so that the fiscal and taxation laws and policies can provide institutional support for the standardized development of platform companies. At the same time, the state should allow provincial local governments to be moderately indebted, and the liabilities of local governments can reaggregate idle funds in society and provide a source of funding for the public infrastructure of the country and society. Platform companies could be a conduit for local bonds for infrastructure, but local governments should issue bonds in a planned way, not on a large scale or at risk to economic growth and financial turmoil. At present, according to the relevant laws and regulations, we should standardize and enrich the registered capital, standardize the guarantee behavior, perfect the corporate governance structure, and carry on the standardization and the rule of law management to the platform company.
【學(xué)位授予單位】：西南財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2010
【分類號(hào)】：D922.2;F812.5

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 賈銀萍;;關(guān)注地方政府融資平臺(tái)貸款風(fēng)險(xiǎn)[J];銀行家;2009年07期

2 甘文成;;我國(guó)城建投融資體系發(fā)展趨勢(shì)探討[J];城市;2007年03期

3 鄒宇;;加快政府投融資平臺(tái)轉(zhuǎn)型是實(shí)現(xiàn)可持續(xù)發(fā)展的必然選擇——由政府主導(dǎo)向市場(chǎng)驅(qū)動(dòng)轉(zhuǎn)變[J];城市;2008年11期

4 賀忠厚;武永義;張召娣;;地方政府債務(wù)風(fēng)險(xiǎn)的防化與預(yù)警[J];財(cái)政研究;2006年01期

5 林勝;;防范和化解地方政府債務(wù)風(fēng)險(xiǎn)[J];發(fā)展研究;2005年12期

6 楊召舉;;地方政府投融資平臺(tái)貸款風(fēng)險(xiǎn)需要引起關(guān)注[J];甘肅金融;2009年09期

7 楊利華;朱鍵;;地方政府融資平臺(tái)權(quán)利質(zhì)押的法律風(fēng)險(xiǎn)防范[J];甘肅金融;2010年01期

8 ;國(guó)務(wù)院關(guān)于加強(qiáng)地方政府融資平臺(tái)公司管理有關(guān)問(wèn)題的通知[J];海南省人民政府公報(bào);2010年12期

9 李英偉;;我國(guó)政策性投融資體制改革分析[J];河北企業(yè);2007年11期

10 潘英麗;論我國(guó)政府債券市場(chǎng)的功能及其發(fā)展[J];華東師范大學(xué)學(xué)報(bào)(哲學(xué)社會(huì)科學(xué)版);2000年05期

相關(guān)重要報(bào)紙文章 前1條

1 吳大慶;[N];金融時(shí)報(bào);2010年

相關(guān)碩士學(xué)位論文 前5條

1 劉茹吟;新疆公路建設(shè)的投融資問(wèn)題研究[D];長(zhǎng)安大學(xué);2001年

2 周敏;大連市城市基礎(chǔ)設(shè)施建設(shè)投融資平臺(tái)搭建與運(yùn)作模式研究[D];大連海事大學(xué);2004年

3 康曉林;我國(guó)城市經(jīng)營(yíng)中基礎(chǔ)設(shè)施建設(shè)研究[D];電子科技大學(xué);2006年

4 孟慶旺;天津城投集團(tuán)發(fā)展戰(zhàn)略研究[D];天津大學(xué);2006年

5 王敏;產(chǎn)業(yè)承接過(guò)程中的政府融資平臺(tái)建設(shè)[D];安徽大學(xué);2010年

，

本文編號(hào)：2236158