Strategic Research on the Categorized Transformation of Chinese Local Government Financing Platforms
Promoting the transformation of local government financing platforms is a crucial measure to mitigate the risk of local government debt.Considering the current development status and potential risks of local govern-ment debt in China,particularly the significant implicit debt risk associated with financing platforms,this arti-cle summarizes the estimated scale of implicit local government debt in China.Based on this analysis,the arti-cle explores the necessity of transforming financing platforms to alleviate local government debt from the per-spectives of debt repayment pressure,debt risk,and operational mode.Finally,the article proposes five transformation plans:clearing assets and accounting for cancellation,integrating platform architecture into state-owned enterprises,transitioning to public service-oriented state-owned enterprises,granting franchise rights to state-owned enterprises,and integrating high-quality assets for listing and restructuring.These plans aim to provide policy guidance for the future transformation and development of local government financing platforms.
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万方数据
