Abstract：
Based on the actual operation of the company and a large number of literature，this paper analyses governance structure，the degree of marketization of investment decision-making，management level，and financing channels of local government investment company, together with relationship between these factors and assets risk in China by building structural equation model of Influencing Factors of assets risk of local government investment company. It is found that the degree of marketization of investment decision-making can indirectly influence the assets risk of local government Investment Company in China, via its assets structure. The proportion of public welfare projects of whole assets has positive correlation with the company’s assets risk. To raise the level of management or increase the financing channels can reduce the company’s assets risk.
2013 
