1, increase direct financing.
Developing the capital market is the basic guarantee for the innovation of infrastructure investment and financing. We should gradually solve the problem of unreasonable capital market structure. According to the policies and measures put forward in the State Council's Opinions on Promoting the Reform and Stable Development of the Capital Market, we will intensify the reform and innovation of the capital market and encourage local government financing platforms and municipal public enterprises to issue bond financing on a larger scale; It is necessary to speed up the pilot issue of municipal bonds; It is necessary to encourage local high-quality public utility listed enterprises to raise funds in domestic and foreign capital markets and reinvest in urban infrastructure construction through financing; It is necessary to encourage long-term funds such as insurance funds and social security funds to invest in urban infrastructure construction.
2. Establish local financial holding groups.
For urban infrastructure, the amount of funds required is relatively large, and commercial banks in many local small and medium-sized cities often cannot meet it. This is related to their capital strength, scientific and technological level, institutional layout, capital adequacy ratio, single customer loan ratio and other regulatory indicators. If an urban infrastructure project occupies most of the loan funds of small and medium-sized banks, it will not only affect the risk management and control of banks, but also affect the profitability of banks. Compared with national commercial banks, city commercial banks are under great pressure of survival, obviously weak in competition, and lack of stamina and space for further development, so they cannot provide corresponding financial support for urban construction financing in this region.
Therefore, the formation of local financial holding groups can play its leverage role in inciting social funds. The relevant provincial financial departments should increase investment, set up local financial holding groups based on provincial large enterprise groups, and play their powerful investment and financing functions in urban construction by intervening and expanding local commercial banks, securities companies, insurance companies, trust companies and guarantee companies. In due course, we can give full play to the powerful financing function of these institutions in the capital market, and promote and support the financing and construction of urban infrastructure through the restructuring and listing of commercial banks and the entry of insurance funds into the infrastructure investment field.
3. Accelerate the innovation of financial products.
The government should encourage all kinds of financial institutions and financial service institutions to innovate financial products and financial instruments in light of local conditions. Similarly, supervision can adopt the strategy of "crossing the river by feeling the stones", stimulate innovation by relaxing supervision, and improve and strengthen supervision in innovation. Establish a friendly and favorable market-oriented financing environment and constantly innovate financing means. In order to obtain sufficient construction funds and low-cost construction funds for urban construction, we should actively promote financial instruments such as trust, asset securitization and industrial funds, and build a market-oriented financing platform for urban construction.
Second, the credit system innovation.
1, strengthen the government's demonstration and promotion.
In the credit subject structure, government credit is the biggest credit, and market credit, enterprise credit, personal credit and the whole social credit are all promoted and developed based on government credit. Therefore, to strengthen the construction of credit system, we should first focus on the establishment of government credit and give full play to the irreplaceable demonstration and incentive role of government credit in social credit construction. Therefore, the basic orientation of government functions should be quickly changed from "power government" to "responsible government" to create government credit with standardized and efficient administrative services; It is necessary to strengthen the supervision of administrative law enforcement and solve the problems of administration according to law and clean administration; It is necessary to incorporate the construction of credit environment into the performance evaluation objectives of local governments, urge local governments to vigorously promote and build financial infrastructure, and develop and maintain the credit platform of the whole society.
2. Strengthen the construction of credit system.
In the United States, there are more than a dozen effective laws on credit management in financial markets, such as the Fair Credit Reporting Law, the Fair Debt Enforcement Law and the Equal Credit Opportunity Law. These bills constitute the legal environment for the normal operation of the credit management system in the American gold market. At present, China has not yet promulgated a special local government credit law to regulate the behavior of local governments (such as the Government Credit Law and the Fair Credit Information Law). ), in order to highlight the government's ruling philosophy of keeping promises and benefiting the people, and effectively curb and punish the lack of government credit. As a late-developing country in credit construction, China's legislation in this area has just started, with obvious loopholes and lack of strict laws. Local governments can make clear provisions and supplements on the establishment of credit institutions, the mode of credit management system, the rights and obligations of both parties, the status, rights and obligations of the government, commercial banks and other subjects in the construction of credit system, and the legal liability for breach of trust, in combination with the actual situation in China and the region, so as to lay a good legal foundation for promoting the construction of credit system.
3. Accelerate the establishment of a credit database.
Credit database is the necessary infrastructure for establishing social credit system. The credit information of individuals and enterprises scattered in government departments, banks, industrial and commercial institutions should be collected by administrative means and economic means to become a public credit information database. Before this foundation, the information in the database group will be gradually extended to the public security organs, and the credit information of the government, financial institutions, businesses and individuals will be used in a certain range, so that those who break their promises have nowhere to hide. Local governments should speed up the complete opening of all kinds of credit information on the credit information service platform, formally connect the platform database port with the national credit information service platform, and interconnect with the credit information databases in other parts of China, and strive to create a good environment in the whole society that is honorable in keeping promises, shameful in breaking promises, beneficial in keeping promises and difficult in breaking promises.
4. Strengthen the construction of credit intermediaries.
Credit intermediary is an important part of social credit system. Credit intermediaries include credit reporting companies, credit reporting companies, credit evaluation companies, credit guarantee companies and credit insurance companies. The fundamental purpose of their profession is to provide credit products or services to all sectors of society independently, fairly, objectively and equally. We should not only support the establishment and development of credit intermediaries through administrative and economic means, but also strengthen the management of intermediaries and strengthen professional ethics. Those who break faith and issue false reports such as evaluation, auditing and capital verification, which disturb the market order, should be cleaned up in accordance with relevant regulations; Violation of the law, the relevant departments shall be investigated for legal responsibility according to law.