我国城市发展基金运行机制研究

发布时间：2018-03-23 00:35

本文选题：城镇化　切入点：融资模式　出处：《河北大学》2017年硕士论文　论文类型：学位论文

【摘要】：党的十八大以来,稳步推进城镇化是现阶段我国改革和发展面临的重要任务,也是各级政府面临的重大课题。当前政府财政收入呈现增长速度放缓态势,仅依赖政府投入难以满足城镇化建设资金需求,所以我国城镇化建设急切需要增加资金筹措渠道。2014年国家出台《关于开展政府和社会资本合作的指导意见》,鼓励和支持社会资本投资于基础设施建设等领域,大力推动各类资本的相互融合。因此2014以来国家大力推广PPP模式,但PPP模式不能够解决城镇化面临的所有问题,所以在我国产业基金发展基础上,城市发展基金应运而生。城市发展基金是政府与市场的结合,以少量财政投入撬动大量社会资金,与PPP相比更多投资于公益性项目的建设,更能解决基础设施这类建设的资金问题,从而保障和推动城镇化建设的顺利进行。本文从我国城镇化建设的大背景出发,以我国城市发展基金这一新型融资模式为切入点,进一步以我国城市发展基金运行机制为本文的研究主题,对其运行机制的四个组成部分,即:组织形式、资金募集、项目投资管理和基金退出展开研究。具体来说,首先对城市发展基金的定义、运行机制的组成部分进行介绍。接着对我国城市发展基金运行机制的现状进行分析,总结其运行机制中存在的问题,如资金募集渠道单一;监管不到位、基金运行不规范;项目运营中未能充分实现风险共担;基金运行中缺少相应的金融服务机构;基金退出方式单一。然后以国开城市发展基金为案例,对国开城市发展基金的组织形式、资金募集情况、项目投资管理及基金退出进行详实分析梳理,在此基础上总结出国开城市发展基金运行机制中的经验与不足,得出对我国城市发展基金运行机制的启示。最后针对我国城市发展基金运行机制中存在的问题,分别从制度体系、资金募集、投资管理、到基金退出这些方面提出完善我国城市发展基金运行机制的相应建议。
[Abstract]:Since the 18th National Congress of the Party, steadily promoting urbanization has been an important task facing the reform and development of our country at this stage, as well as a major task facing governments at all levels. At present, the growth rate of government revenue is slowing down. Relying on government investment alone is difficult to meet the financial needs of urbanization. Therefore, China's urbanization construction urgently needs to increase the channels for raising funds. In 2014, the state issued the guidelines on Cooperation between the Government and Social Capital, encouraging and supporting social capital to invest in infrastructure construction and other fields. Therefore, since 2014, the state has vigorously promoted the PPP model, but the PPP model cannot solve all the problems faced by urbanization, so on the basis of the development of industrial funds in China, The Urban Development Fund is the combination of the government and the market. It uses a small amount of financial investment to leverage a large number of social funds and invest more in the construction of public welfare projects than PPP. In order to ensure and promote the smooth progress of urbanization construction, this paper, based on the background of urbanization construction in China, takes the new financing model of China's Urban Development Fund as the starting point. Taking the operation mechanism of urban development fund of our country as the research subject of this paper, the paper studies the four components of the operation mechanism, namely: organizational form, fund raising, project investment management and fund withdrawal. Firstly, the definition of urban development fund and the components of operation mechanism are introduced. Secondly, the present situation of the operation mechanism of urban development fund in China is analyzed, and the problems existing in its operation mechanism are summarized, such as the single channel for raising funds. The supervision is not in place, the fund operation is not standard; the project operation has not fully realized the risk sharing; the fund operation lacks the corresponding financial service organization; the fund exit way is single. On the basis of a detailed analysis of the organizational form, raising of funds, project investment management and fund withdrawal of the National Urban Development Fund, the paper summarizes the experiences and deficiencies in the operating mechanism of the Urban Development Fund abroad. Finally, in view of the problems existing in the operation mechanism of the urban development fund in China, the system system, capital collection, investment management, At the end of these aspects, the author puts forward some suggestions on perfecting the operating mechanism of the Urban Development Fund in China.
【学位授予单位】：河北大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F299.2

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