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Volume Four, Section 122, First Lesson

"Magister of Zhengyang, there is indeed a big gap between our county's economic and technological development zone and the municipal economic and technological development zone. The problem is that we cannot compare with the development speed and strength of the municipal economic and technological development zone. We also want to catch up, but the gap is too big, and it is getting bigger and bigger." Ding Xishen couldn't help but interrupt and wanted to argue.

"Secretary Ding, I know that although the two economic development zones depend on each other, they are divided into different restaurants and have to take care of their own life under the interests of the new life." Sha Zhengyang nodded.

"So we have to face it and face it. The conditions are big. Before, the city's economic and technological development district started almost from scratch. It turned out that it was even worse than us. Why can it develop so quickly?"

"I personally believe that in addition to the fact that the city's economic and technological development district has indeed obtained more resources in the city, there is another key factor that the city's economic and technological development district dares to take risks and gain time through debt management. Now it seems that their approach is correct and has achieved the expected purpose."

Dare to take risks and debt management, these two points are not something that ordinary people dare to make this decision. Once they fail, it means that your career prospects will be very dim, but a group of people from the Municipal Economic and Technological Development Zone dared to make this decision boldly.

"In order to raise construction funds, they even extended their hands to our Zhenyang. As far as I know, they borrowed millions from our Zhenyang Alloy Club, so as to use the loans from each county to lay a solid foundation for the city's economic and technological development zone. This is a bit less courageous in our county's economic and technological development zone."

Sha Zhengyang was not polite and was straightforward.

Ding Xishen frowned again, and then stretched out again.

He had also proposed to accelerate the infrastructure construction of the county's economic and technological development zone. Of course, this also means that in addition to the county's financial allocation, it would also require debt management. However, Zhu Hanming firmly opposed it, and Yuan Chenggong was also a little worried about the risks brought by this behavior, so he had not finalized it for a long time.

Now it seems that the attitude of the newcomer is very clear, which is a good thing.

"Zhengyang, do you think it is feasible for our county to set up a construction department to accelerate urban construction and development by following the city's example?" Yuan Chenggong suddenly interrupted and asked.

Sha Zhengyang was silent for a moment and did not answer.

Yuan Chenggong was a little surprised. What is the problem that is difficult to answer for such a question? Isn’t that what you do in the Economic and Technological Development Zone of the City?

If feasible, then there is no need to say that it is not feasible. After all, the city and the county are different, and the financial resources cannot be compared. The risks that the city can afford may not be afforded.

"What's wrong, Zhengyang?" Yuan Chenggong asked curiously: "Is this question difficult to answer? You are very bold and courageous in the Economic and Technological Development Zone of the City. When our Zhenyang is under such a great pressure, you dare not make a decision?"

"No, Secretary Yuan, I'm weighing the pros and cons, and I'm a little confused." Sha Zhengyang smiled bitterly.

"Oh? Tell me and tell me. A wise man will make mistakes, and a fool will make one mistakes. A fool will make one mistakes. Everyone has a high firewood and fire. Three stinky cobblers are better than Zhuge Liang." Yuan Chenggong laughed.

"Secretary Yuan, from the present perspective, whether it is the establishment of the Jianfa Department or the Urban Investment Department, these are all financing platforms in the county. The main purpose is to use the funds of the financial department to raise funds through legal and compliant channels, accelerate urban infrastructure construction, promote the improvement of the investment environment, and facilitate faster and better economic development."

Sha Zhengyang made a clear statement and introduced the purpose of this financing platform to everyone.

It’s not Sha Zhengyang who underestimated them. Among the current county-level cadres, there may not be many people who understand the connotation of this financing platform.

Even if there are only a few people who know nothing about it, most of them only see the benefits of establishing this building department in the Economic and Technological Development Zone, but they cannot see the risks it contains.

Of course, to be honest, with the current scale, the economy is in a period of rapid development, and fiscal revenue is also growing rapidly. Such financing platforms with government finance as guarantees are not very risky.

However, both people and governments have an inertia and greedy mentality. It is so easy to raise funds, so naturally they will be more generous when they spend them.

No matter how you supervise, the scale will become larger and larger in use, and the total assets and debt-to-liability ratio will become higher and higher, which in the end means that the risks borne by the government will become greater and greater.

Finally, one day, once the rapid economic growth is gone, the debt scale cannot be reduced, which means that the risk of default will be rapidly amplified.

If it is not solved well, it will become a big problem.

In the later stage, even if everyone can see the risks, the dependence of drinking poison to quench thirst, and the mentality that I have left after I have been doing this, and the mentality that I should pass the flowers on the drums will make this crazy debt last forever and eventually become out of control.

So even though we know that everyone will ignore these things, Sha Zhengyang still wants to make things clear to everyone, which can be regarded as a psychological self-comfort.

"From now on, this financing platform is essentially protected by county finance, but it operates in the enterprise operation model, so this is essentially a state-owned enterprise, of course it is special. Its assets are mainly monetized through the special relationship between land and finance to achieve rolling development,..."

Sha Zhengyang briefly introduced this model, and everyone also had a general understanding.

"Justice Zhengyang County Mayor, as you said, the advantages of this model are very obvious, that is, it can quickly raise funds, accelerate the infrastructure construction of our city, especially the Economic and Technological Development Zone, greatly improve the investment environment, and gain huge advantages for us in attracting investment. Why don't we do such a good thing? I feel that you still have some concerns in other aspects?"

Zhou Sulin, who had been silent all the time, couldn't help but interrupt.

Zhou Sulin had to say that Sha Zhengyang had no concern about the emergence of Zhenyang as county magistrate, which was impossible.

He also worked as the deputy county magistrate, organization minister, and deputy secretary step by step. Seeing that Zhu Hanming was leaving, it was theoretically time for him, the deputy secretary in charge of party and mass work to take over. Unexpectedly, the Municipal Party Committee arranged for Sha Zhengyang, a young boy, to snatch the shift and seize power.

Of course, he is not the kind of person who is narrow-minded and unable to tolerate others' strengths.

Sha Zhengyang's great show in the city's economic and technological development zone is obvious to all. As a neighbor, the city's economic and technological development zone's earth-shaking changes were so envious that their eyes were red. Sha Zhengyang's intention and purpose as the number one among them, the future Zhenyang is also well aware of the intention and purpose of Sha Zhengyang.

In addition to thinking that he is better than Sha Zhengyang in terms of experience, Zhou Sulin dares not say that he is better than Sha Zhengyang in terms of economic ability, but this unhappy thought is lingering.

Fortunately, the Municipal Party Committee Organization Department also talked to him specifically, but there was no intention, which means that he should correct his mentality and cooperate with Yuan Chenggong and Sha Zhengyang, the new partner team, so he could also understand the meaning of it.

Confronting the organization is a foolish move. Of course, Zhou Sulin would not make those low-level mistakes, but it is still okay to weigh this young county magistrate who is known as the number one political star in Wanzhou.

"Secretary Zhou, from the moment, the positive effects of this financing platform are more obvious, but with the development of this financing platform, its scale and liabilities will become larger and larger. The model of binding to the government will gradually increase the government's fiscal risks, and it cannot be seen during the upward period of the economy, but once the economy fluctuates, the risks will appear."

Sha Zhengyang's prediction still seems a little ahead of the times, and the real risk outbreak period will be more than 20 years later.

When land finance enters the late stage or even the late stage, this platform that relies on land as the main financing asset will fall into trouble. Once the land cannot be sold or the land price plummets, the risk will rise wildly, and that is the real dangerous period.

Even the commercial housing system has not yet been officially established, and the land is still in a very abundant and cheap period, so there is no way to go. Of course, the value of the land cannot be reflected, and the financial department will also consider lending.

"Magister Zhengyang, can you say it more specifically?" Zhou Sulin frowned, "I think you may not understand what the fluctuation risk you meant."

"Secretary Zhou, specifically, taking the Municipal Construction and Development Department as an example, the finance department gave some funds to start, but that little money was not enough to support such large-scale development. Secretary Ding should know best how much investment in the Economic and Technological Development Zone is, especially in the later stage, which involves sewage treatment plants, which is even more amazing."

In this era, many county and township cadres still have a vague impression of the concepts of preservation and appreciation of this type of asset and rolling development.

How to achieve value-added and preserve value, how to change the cage, how to replace industrial land with commercial and residential land is far from the era when more than ten or twenty years later, when Sha Zhengyang knew these routines well, so the concepts they introduced were still relatively new to them.

"So what ultimately depends? It is to rely on the appreciation of the land after planning and construction to mortgage the mortgage to the bank and obtain loans from the bank. If you can prove that your environment is good, companies are willing to invest and can make money after investment, then this place will attract more companies and their land value will naturally increase. When we pledge land, the bank will be happy to give you a larger financing amount. This is a rolling virtuous cycle development model."

Although Zhou Sulin had served as deputy county magistrate, he was in charge of agriculture. Later, he served as the Minister of Organization and was directly promoted to deputy secretary of the Party.

Yue Debin, deputy secretary of the county party committee and secretary of the discipline inspection committee next to him, has been working on the discipline inspection line and is not very familiar with economic work.
Chapter completed!
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