Research on the Operating Transformation of Local Government Financing Platforms

DOI

10.2991/assehr.k.211020.289How to use a DOI?

Keywords

local government financing platforms, operating model, transformation strategy

Abstract

Due to the current policy, the financing behavior of the government financing platforms has been greatly constrained despite their significant contribution to the growth of local economy. In this context, the paper puts forward the transformation path and specific strategies for local government financing platforms based on the analysis of the relevant literature. Firstly, this paper reviews the early literature related to government financing and debt, and extracts the phased conclusion that the change of productivity and the way of use resource determine the significance of government financing. Then, the paper explores the development, operating risks, transformation paths, and strategies of financing platforms. The research finds that actively investing in new infrastructure and new regions and introduce private capital can help optimize the traditional business direction of the financing platforms. What’s more, some measures can optimize the management mechanism of the financing platforms, such as bringing the government into the assessment, involving the supervision of the People’s Congress, and strengthening performance management.

Copyright

© 2021, 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  - Tianxi Ye
PY  - 2021
DA  - 2021/10/21
TI  - Research on the Operating Transformation of Local Government Financing Platforms
BT  - Proceedings of the 2021 International Conference on Public Relations and Social Sciences (ICPRSS 2021)
PB  - Atlantis Press
SP  - 963
EP  - 967
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211020.289
DO  - 10.2991/assehr.k.211020.289
ID  - Ye2021
ER  -