我国市政债券管理中的风险防范与控制研究

Research of Local Government Credit Risk Prevention and Control in Municipal Bonds Management in China

市政债券将成为我国城市基础设施融资的主要金融工具。在市政债券的管理过程中不可避免会遇到信用风险,政府信用管理是市政债券信用管理的核心。本文从我国部分地方政府信用缺失的现状出发,结合美国市政债券信用管理的成功经验,对如何控制和防范市政债券管理中的政府信用风险提出了若干建议,以期对我国市政债券管理的研究提供参考。

Issuing municipal bonds will become a main financing manner of municipal infrastrueture in China.It is unavoidable to encounter credit risk in municipal bonds management.Government credit management is the core of credit management of municipal bonds.Starting from the current situation that some local governments lack credit at present.This paper utilizes the successful experience of American's to put forward some advice of how to prevent and control goverment credit risk in municipal bonds management in order to provide sonce referenes to the study on municrpal bonds management in China.