⊙记者 苗燕 李丹丹 ○编辑 枫林

MiaoYan ⊙ reporter li dandan ○ editing bush

　　由于很多平台公司不符合贷款条件，无法从银行获得贷款，但为了募集资金，这些公司也开始四处寻求筹资渠道。记者调查发现，除银行外，平台公司的筹资渠道主要是融资租赁、发行信托及发行债券。此外，也有平台公司向民间借钱，以解决“钱袋子”没粮的窘境。

Because a lot of platform company is not in conformity with the terms of the loan,Unable to obtain loan from the bank,But in order to raise funds,The company also began to seek financing channels around.Reporter survey found,In addition to the bank,Platform company's financing channels is mainly a financing lease/Issue trust and issue bonds.In addition,Also have platform company to folk to borrow money,In order to solve"Fund sources"No food dilemma.

　　财政债台高筑 政府转向民间借钱 Financial debt government steering folk to borrow money

　　记者在江苏调研时了解到，江苏某县的多个政府部门要求内部员工将自有资金存在地方财政，每年给10%-12%的利率。当地的住建局、交通局、开发区全都对内部职工融资，向其分配任务，一般每人的任务都在几十万元左右。当地财政部门的人士表示，这部分金融难以匡算。当地银行的人士则对记者表示：“金额太大，黑洞太大。”

Reporter in the jiangsu research to understand,Some county in jiangsu province of a number of government department requires the internal employees will self-capital is existence of local finance,Every year to 10% - 12% of the interest rate.The local living building bureau/Traffic department/Development zone to the internal staff all financing,To their assigned tasks,General each task in hundreds of thousands of yuan.The financial department of the local people said,This part of the financial difficult to rough estimate.The local bank's people are told reporters:"Amount is too large,Black hole is too big."

　　用当地财政部门人士的话说，这么做是“没有办法的办法”。据介绍，当地的财政状况堪忧。财政局副局长用四个字形容当地财政状况——债台高筑。对于未偿还的债务，地方政府只能靠卖土地偿还，或者就只能拖欠工程款。

With the financial department of the local people's words,To do so is"There is no way way".According to introducing,The local financial condition worried.Deputy director of bureau of finance with four words describe local finances - deep in debt.For outstanding debts,The local government can only by selling land repayment,Or can default project.

　　财政局人士给记者算了这么一笔账。县财政今年要付给各个项目的工程款十几个亿，而去年的公共财政收入也仅仅15亿，今年公共财政预算收入为20亿。他坦诚：“15个亿里面也有水分，估计10个亿不到。”据悉，今年该县的财政预算收入67亿，但是67个亿里面有很多是空的，“比如各个政区，财政收入目标完不成，都是拿贷款来实现。”该人士称，这并非当地独有的，周边的几个县的财政都是亏空状态，寅吃卯粮。

Bureau of finance people give reporters calculate such a bill.This year the county finance to pay each project the project payments ten several hundred million,And last year's public finance income also only 1.5 billion,This year the budget of public finance income for 2 billion.His frank:"15 inside also have water,Estimated 10 less than."It is reported,This year the county financial budget income is 6.7 billion,But 67 there are many is empty,"Such as various political,Fiscal revenue goals to finish,All of them loans to achieve."This personage says,This is not the local unique,Surrounding several county financial are the deficit state,Deficit spending.

　　在其他地方，政府一般依靠土地出让金来偿还债务，但是在该县，土地出让金根本无法偿还高达几十亿的债务。据介绍，由于该县以农业经济为主，工业企业发展得并不好，导致土地价格上不去。

In other places,The government generally depend on the land grant fee to repay debt,But in the,The land grant fee cannot pay up to billions of debt.According to introducing,Due to the county mainly agricultural economy,Industrial enterprise development is not good,Lead to land prices couldn't get on.

　　在这种情况下，资金，确实犹如一双扼住地方政府咽喉的手，让地方政府在业绩考核和上级政府面前，喘不过气。财政已经亏空的地方政府不得不寻求其他的融资渠道。因此，才出现了政府向民间筹资的事情。

In this case,funds,Really is like a pair of local government to hold the hand of the throat,Let the local government performance evaluation and the government at a higher level in front,gulp.Finance has the deficit of the local government had to seek other financing channels.therefore,There came the government to folk financing things.

　　平台融资其他渠道道路畅通 Platform financing channels the coast is clear

　　在调查中记者发现，除了银行贷款外，目前地方政府融资平台的融资还有几个常用的渠道：一是融资租赁，今年上半年江苏某县以教育资金的名义成功搞了融资租赁，但属于小项目，主要是设备租赁，涉及的金额不大。

In the survey found journalists,In addition to the bank loans,The local government financing platform financing and several common channels:One is the financing lease,In the first half of this year in jiangsu province in the name of education funds to make successful financing lease,But belongs to a small project,Mainly equipment leasing,The amount of money involved is not big.

　　另一个渠道是发行信托产品。今年上半年，几乎每周都有平台公司通过发行信托的方式融资，规模已经逐渐超过了房地产。据悉，江苏某县以名单外的平台公司名义，从江苏国际信托拿到一笔资金，用于基建设施，不需要抵押担保，贷款利率15.5%。

Another channel is the issue of trust products.In the first half of this year,Almost every week platform the company through the issuance of trust financing way,Scale has gradually over the real estate.It is reported,Some county in jiangsu province to list the name of the platform,From jiangsu international trust to get a sum of money,Used for infrastructure,Don't need mortgage guarantee,Lending rate 15.5%.

　　而规模最大、操作也相对规范的是发行债券。据江苏某县财政局人士透露，当地政府正在与一家证券公司接触，希望以当地城投公司的名义发债。但是能够发债的前提是必须要把这个城投公司做大，总资产规模做到25个亿。

And the largest/The operation is also relative standard is issue bonds.According to some county in jiangsu province bureau of finance sources,The local government is working with a securities company contact,Hope to the local city for the name of the company FaZhai.But being able to FaZhai is the premise of the city must be the company do big shots,Total assets scale do 25.

　　记者调研河北某县的一家平台公司，则已经顺利通过发行债券获得了10多亿融资。据了解，这家发行债券的平台公司在银监会的名单中属于现金流无覆盖公司，很难从银行筹措到资金。为此，该公司选择了发行公司债，发债募集的资金全部用于当地棚户区改造项目。当地的一家大型钢铁公司为其提供全额无条件不可撤销连带责任保证担保。

Reporter investigation in hebei a platform company,It has been smoothly through the issuing of bonds won more than financing.It is understood,This issue bonds platform company in banking regulatory commission (CBRC) list belong to cash flow no covering company,It is difficult to raise the money from the bank.therefore,The company chose to issue corporate bonds,FaZhai raise funds for all local shantytowns renovation project.A local large iron and steel company to provide full unconditional irrevocable joint liability assures to assure.

　　据鹏元资信评估统计，截至2012年3月31日，国内共有399家地方政府投融资平台公开发行过企业债，共计发行512只债券，累计融资6712.5亿元。今年一季度，无论是在债券数量上还是融资规模上，城投债发债力度均大幅增加。今年一季度城投债共发行71只债券，较去年同期的54只上升三成，累计融资规模达845亿元，同比增加35%。其中，仅3月份一个月，城投债就发行了56只，融资规模达647.5亿元。据市场人士透露，目前还在排队待批的城投债数量，已经达到500多只。

According to peng yuan credit evaluation statistics,By March 31, 2012,Domestic a total of 399 local government investment and financing platform QiYeZhai public offerings,A total of 512 only issued bonds,Accumulative total financing is 671.25 billion yuan.In the first quarter of this year,Whether in bond quantity or financing scale,City for debt FaZhai efforts are greatly increased.In the first quarter of this year the city a total of only 71 for debt issued bonds,During the same period last year 54 only rose thirty percent,Accumulative total financing scale up to 84.5 billion yuan,Increased by 35% year-on-year.the,Only 3 months for a month,City for debt is issued only 56,Financing scale up to 64.75 billion yuan.According to market sources,At present is still in the city of DaiPi queue for debt quantity,Has reached more than 500 only.