论文部分内容阅读
按照《中华人民共和国预算法》第28务规定:“地方各级预算按照量入为出、收支平衡的原则编制,不列赤字。除法律和国务院另有规定外,地方政府不得发型地方政府债券。”——意味着地方政府在没有获得国务院特批的情况下不存在市场化融资的体制通道,不能直接向银行借款或进入债券融资市场。于是地方政府开始寻求绕开现行体制与综测障碍,最终创新型地创立了一批集融资、建设和经营、债务偿还为一体的地方政府平台,即由地方政府发起成立,通过划拨土地、股权、规费、国债等资产,迅速包装出一个资产和现金流均可达到融资标准的公司,必要时辅以地方财政补贴作为还款承诺,以代替政府进行直接或间接融资,实现地方政府市场化融资目的,进而将融获资金用于市政建设、公共事业等项目。如:城市建设投资公司、城建开发公司、城建资产经营公司等。
According to the “Budget Law of the People’s Republic of China,” the 28th rule states: “Local budgets at all levels are prepared in accordance with the principle of balance between revenue and expenditure without any deficit. Unless otherwise provided by law and the State Council, local governments shall not hairstyle local government bonds. ”- means that local governments do not have institutional access to market-based financing without the special approval of the State Council and can not borrow directly from banks or enter the bond financing market. As a result, local governments began to seek to bypass the existing system and measure obstacles, and finally created a batch of innovative local government platforms that include financing, construction and operation as well as debt repayment, which is initiated by local governments. By allocating land and equity , Fees, treasury bonds and other assets, and quickly pack a company that can reach the financing standard with its assets and cash flow supplemented by local financial subsidies when necessary, as a repayment commitment instead of using direct or indirect financing by the government to achieve market-oriented local government Financing purposes, and then will be financially used for municipal construction, public utilities and other projects. Such as: urban construction investment company, urban construction development company, urban construction asset management company.