资产证券化与地方政府融资平台建设

发布时间：2018-01-27 16:57

本文关键词： 资产证券化地方政府融资平台城市基础设施建设　出处：《经济体制改革》2010年04期 　论文类型：期刊论文

【摘要】：地方政府融资平台的高负债率融资可能导致地方政府信用风险和城市基础设施建设融资风险。资产证券化融资是一种收入导向型的结构化融资方式,通过将已经投入运行的城市基础设施项目未来现金收入进行证券化,可以释放固化在基础设施项目中的大量资金,提高资金使用效率,降低融资成本和拓展融资渠道。尽管资产证券化融资在国内早有先例,但要使其普遍应用于地方政府融资平台尚面临一些障碍,需要完善资产证券化的相关法律法规,建立和完善证券信用评级体系和规范资产证券化的市场监管。
[Abstract]:The high debt ratio financing of local government financing platform may lead to the credit risk of local government and the financing risk of urban infrastructure construction. Asset securitization financing is a kind of income oriented structured financing. Through the securitization of the future cash income of the urban infrastructure projects that have already been put into operation, the large amount of funds solidified in the infrastructure projects can be released and the efficiency of the use of funds can be improved. Although there are precedents in China for asset securitization financing to be widely used in local government financing platforms there are still some obstacles. It is necessary to perfect the relevant laws and regulations of asset securitization, establish and perfect the credit rating system of securities and regulate the market supervision of asset securitization.
【作者单位】：重庆工商大学财政金融学院;
【基金】：重庆市教委人文社科项目“重庆市基础设施建设资产证券化融资研究”(批准号:10SKH17)的阶段性成果
【分类号】：F832.51;F812.7
【正文快照】： 加速城市基础设施建设对于改善居民生活、吸引产业集群和促进城市经济发展有着重要作用。在我国城市建设进程中,地方政府投融资居于重要的战略地位。为了加快城市基础设施建设,充分发挥地方财政在城市基础设施建设中的投融资功能,提高地方财政的投融资能力和资金运用效率,各

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