地方政府融资平台数量在中央政府出台4万亿经济刺激计划后呈现迅速增长的趋势,在一定程度上为经济建设作出了贡献,但是,地方政府融资平台从出现开始就没有得到有效的法律约束,融资平台在公司设立、运行、融资以及监管等方面均没有相应的法律进行规范。由于地方政府融资冲动等原因,融资平台出现了许多风险,其中商业风险最直接导致地方隐性债务的增加,影响着我国财政的系统性稳定。我国政府必须认识到这些风险的影响以及形成原因,通过加强监管、完善治理结构、拓宽融资渠道以及有条件允许地方发债等方式,降低平台风险对国家经济稳定可能造成的影响。
As central government issued 4 trillion economic stimulus plans, the number of local government financing platform (LGFP) has growth rapidly. LGFP has made a contribution to economic construction to some extent, but it gets no effective legal constraints from its birth, there are no regulations on the establishment of company, operation, financing and supervision. Due to the local government financing impulse etc, LGFP faces many risks, of which the commercial risk led directly to the increase of the implicit debt, as a result affecting our country financial systemic stability. The government must be aware that the formation and impact of the risks and, try to reduce the platform risk by strengthening the supervision, improving governance structure, broadening the financing channels, as well as allowing particular proper local governments to issue bond etc.