地方融资平台市场化转型的现实困境与路径构建  

The Realistic Dilemma and Path Construction of Market-oriented Transformation of Local Financing Platforms

作　　者：秦祎泽 

机构地区：[1]华东政法大学经济法学院,上海200042

出　　处：《上海金融》2024年第11期71-79,共9页Shanghai Finance

基　　金：国家社科基金项目“财政资助研发项目风险的财税法规制与制度优化研究”(编号:21BFX119)

摘　　要：在我国,地方融资平台在促进经济发展的过程中发挥着重要作用,在形式上通常表现为公司,拥有独立法人人格。然而,由于地方融资平台与地方政府关系的特殊性,政府隐性担保等模式严重削弱了其法人独立地位。这无形中会扩张政府债务,且不利于融资平台发展,亟须修正。理念上,应使地方融资平台回归法人本位,以资产信用为约束导向,划清政府出资范围内的责任。具体而言,通过身份、财产、风险以及责任方面的隔离有效剥离政府融资功能;通过明确政府和市场的信用关系厘清二者的信用边界;通过完善地方融资平台公司治理结构,实现地方融资平台市场化转型的内外协同,有效防范化解地方政府债务风险。In China,local financing platforms play an important role in promoting economic development,typically taking the form of companies with independent legal personality.However,due to the special relationship between local financing platforms and local governments,the implicit government guarantees and other practices have seriously underminded their corporate independence.This invariably expands government debt and hampers the development of financing platforms,which needs to be revised urgently.Theoretically,local financing platforms should return to their legal entity status,guided by asset credit,with the responsibility within the scope of government funding clearly defined.Specifically,the government financing function should be effectively seperated through the segregation of identity,property,risk and responsibility;the credit boundary between the government and the market should be clarified by defining their credit relationship;and the internal and external synergies of the market-oriented transformation of local financing platforms should be achieved through the improvement of the corporate governance structures there by effectively preventing and resolving local government risk.

关 键 词：地方融资平台 地方政府债务风险化解 市场化转型 公司治理 

分 类 号：D912.2[政治法律—民商法学] F812.5[政治法律—经济法学]