中国开发性金融的融资工具与信贷方式创新性研究

发布时间：2018-06-20 14:01

本文选题：开发性金融 + 融资工具创新　；参考：《华中科技大学》2013年硕士论文

【摘要】：开发性金融作为政策性金融和商业金融之间的一种中间形态将在我国经济发展的过程中将长期存在。无论是发达国家还是发展中国家，都存在着大量财政难以顾及同时也是商业性金融普遍不做或不愿做、资本市场也无法覆盖的开发性业务，如果想要很好解决这类业务的培育和发展问题，需要发挥开发性金融的独特功能。经过十多年的理论发展和实践推广，开发性金融获得了很快的发展，但是我国开发性金融还处于发展初期，开发性融资工具和信贷工具比较单一。其中开发性金融的融资方式主要通过发行中长期金融债券获得资金，而资金的运用主要是通过传统的信贷方式来实现。因此，对开发性金融中融资和信贷工具进行创新具有重要现实意义。本文在深入分析我国开发性金融现状和发展过程中存在的问题的基础上，探究开发性金融融资和信贷工具的创新。首先，从开发性金融产品创新理论着手，并结合开发性金融的发展现状，提出了开发性金融产品创新的特殊性。其次，对我国开发性金融的融资渠道进行深入分析，在以shibor为基准利率的浮息债券和债务抵押债券的基础上构建更符合投资者需求的创新性产品，并对创新产品进行定价。最后，针对我国开发性金融在高新技术企业和中小企业的信贷工具比较匮乏的现状，分别对高新技术企业和中小企业的信贷工具进行创新。本文旨在通过融资和信贷工具的创新丰富开发性金融产品、解决开发性金融现存问题，从而提高开发性金融竞争力，使开发性金融能在竞争激烈的市场环境下实现可持续发展。
[Abstract]:Development finance, as an intermediate form between policy finance and commercial finance, will exist for a long time in the process of economic development in China. In both developed and developing countries, there is a large number of developmental operations that are difficult to take into account and that are also generally not done or unwilling to be done by commercial finance and that are not covered by capital markets, If we want to solve the problem of cultivating and developing this kind of business, we need to give play to the unique function of development finance. After more than ten years of theoretical development and practice promotion, the development finance has been developed rapidly. However, the development finance in China is still in the early stage of development, and the development financing tool and the credit tool are relatively single. The financing of development finance is mainly obtained by issuing medium and long term financial bonds, and the use of funds is mainly realized through traditional credit methods. Therefore, it is of great practical significance to innovate financing and credit instruments in development finance. Based on the deep analysis of the present situation and problems in the development of development finance in China, this paper explores the innovation of financing and credit tools for development finance. Firstly, the particularity of development finance product innovation is put forward from the theory of development finance product innovation and the present situation of development finance. Secondly, the financing channels of development finance in China are analyzed in depth, and on the basis of floating rate bonds and collateralized debt securities based on shibor interest rate, innovative products that meet the needs of investors are constructed, and the innovative products are priced. Finally, aiming at the lack of credit tools of development finance in high-tech enterprises and small and medium-sized enterprises in China, the credit tools of high-tech enterprises and small and medium-sized enterprises are innovated respectively. The purpose of this paper is to enrich the development financial products through the innovation of financing and credit tools, to solve the existing problems of development finance, to improve the competitiveness of development finance, and to enable development finance to realize sustainable development in the competitive market environment.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.4

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