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地方政府的财政改革为金融市场发展和投资者提供了诸多金融机遇。归纳起来,主要有:地方政府融资模式的转型增加了金融市场直接融资的需求、地方政府开展的政府与社会资本合作模式丰富了社会资本的投资机会、部分地方财政支出的基金化改革能够有效引导社会资本的市场化配置、公益性资产的证券化能够更加有效驱动民间资本。
The fiscal reforms of local governments have provided many financial opportunities for the development of financial markets and investors. To sum up, there are mainly: the transformation of local government financing mode has increased the demand of direct financing in financial markets; the cooperation mode of government and social capital by local governments has enriched the investment opportunities of social capital; and the fund-based reform of some local fiscal expenditures can effectively guide The market-oriented allocation of social capital and the securitization of public welfare assets can more effectively drive private capital.