Because of the local government debts risk is mostly reflected in the debts of the urban investment company，to control the local government debts risk is highly relevant to standardize the debts in the urban investment company. Since 2018，the strict supervision of controlling the local government debts risk began again，the resolution of the stock debts and the strict control of the new debts in the urban investment company have become the subject of practice and exploration in everywhere. How to change，how to solve and how to control，the practices in some provinces have providing some valuable experiences for practicing.