地方融资与政策性融资中的风险共担和风险规避机制

Risk-sharing and Risk-avoiding System of Local Financing and Policy Financing

我国存在的地方融资平台产生的大量政策性融资已是不争的事实,也是客观现实的需求。现在我们关注的问题不在于地方债的多少,而应更多地关注债务风险,这一债务风险是商业性风险和政策性风险的组合,因此需要建立一套风险共担机制,即由财政、银行、企业共同通过合理而有度的方式进行风险的规避和防范。

Local financing platform in China where generated a large number of policy financing is an indisputable fact, which is also the need of objective reality. Now what we are concerning is not the amount of local debt, but should pay more attention to the risk of debt, which is the combination of business risk and policy risk, therefore we need to establish a risk-sharing mechanism, just financial sector, banking and corporate joint to avoid and prevent the risk through reasonable and appropriate manner.