我国银行业参与基础设施投融资的法律风险及对策研究

Research on Legal Risks and Countermeasures of China’s Banking Industry Participating in Infrastructure Investment and Financing

近年来由基础设施投融资引致的地方债务风险明显上升,而银行业金融机构作为参与地方债务风险化解的重要力量,却由于基础设施投融资领域政策法规尚不够健全、风险分担机制不完善、风险处置缺乏足够有力法律保障、资产处置缺乏充分有效市场化手段等问题,在金融化债过程中可能面临法律风险,影响中央“一揽子”化债方案的实施效果。从长远看,完善基础设施投融资法规体系和提高立法层级、发挥“有效市场”与“有为政府”的协同作用、强化银行参与基础设施投融资法律合规性审核、制定短中长期相匹配的化债方案、构建防范基础设施投融资风险的长效机制等,有利于从源头上防范基础设施投融资法律风险,促进经济增长与地方债务良性循环,筑牢经济高质量发展的基石。

During the economic downturn,the risk of local debt caused by infrastructure investment and financing has risen significantly,and commercial banks,as an important force involved in local debt risk resolution,may face legal risks in the process of financial debt resolution due to such problems as unsound policies and regulations in the area of infrastructure investment and financing,imperfect risk-sharing mechanisms,lack of judicial safeguards for the disposal of risks,and lack of market-based means for the disposal of assets,which will affect the effectiveness of the implementation of the central government’s“debt resolution package”.The effect of the implementation of the“debt relief package”.In the long run,improve the infrastructure investment and financing regulatory system,raise the level of legislation,play the synergistic role of“effective market”and“competent government”,strengthen the banks to participate in the infrastructure investment and financing legal compliance audit,formulate the short,medium and longterm matching debt relief programme In order to prevent the legal risks of infrastructure investment and financing from the source,promote the virtuous cycle of economy and local debt,and build the cornerstone of high-quality economic development,the government has established a long-term mechanism to prevent the risks of infrastructure investment and financing.