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近半个世纪后,中国首次发行地方公债,采取了由财政部代理发行,还本付息也由财政部按照国债还本付息的方式进行。看似一个巧妙的设计,却遇到了严重的市场流动性障碍,使得原本严重的地方债务风险进一步凸显。地方债务风险与防范再次成为关注的热点。本文主要从地方公债不同于国债的特点出发,对于我国地方公债所蕴涵的风险以及如何防范风险进行研究。
Nearly half a century later, China first issued local bonds and adopted the issuance by the Ministry of Finance. The repayment of principal and interest was also carried out by the Ministry of Finance in accordance with the repayment of principal and interest of government bonds. Seemingly a clever design, but encountered a serious market liquidity barriers, making the original serious local debt risks further highlighted. Local debt risk and prevention once again become the focus of attention. This article mainly from the local bond is different from the characteristics of national debt, the local government bonds in our country contains the risks and how to prevent the risk of research.