我国城镇基础设施建设政府投融资模式研究

发布时间：2018-05-08 05:14

本文选题：城镇基础设施 + 投融资模式　；参考：《西南财经大学》2014年硕士论文

【摘要】：进入21世纪以来,我国城镇化进程的速度不断加快,城镇基础设施建设的资金需求也越来越多。地方政府在城镇化基础设施建设中应该扮演何种角色,如何最大作用利用有限的财政资金,拓展现有的融资渠道,开发新的融资模式,保证基础设施建设的融资需求就成为了一个迫切需要解决的问题。本文首先回顾了改革以来我国城镇基础设施建设投融资模式的发展历程,分析了不同阶段的采取的不同模式的现实背景及其存在的问题,系统的梳理了我国城镇基础设施建设投融资模式的改革思路,寻找未来改革的方向。同时,详细分析了现有投融资体制的结构,各类投融资模式的优缺点及其适用性,.总结了当前我国基础设施投融资建设中存在的问题。其次本文将国际上成熟的投融资模式分为市场主导型、政府主导型和以市场为主,政府引导的三种类型,并选取了其中具有代表性的5个国家加以分析,总结归纳了各自模式的其优缺点,并寻找其得以成功运作的共同特征。总结了在发展基础设施投融资模式的过程中,应该坚持政府主导,各级政府分工协作,鼓励民间资金进入,积极发展金融市场的成功经验。在此基础之上,本文分析了我国投融资模式发展的阶段性状况,分别就法律体制、财政体系、公共管理制度、信用制度、金融体系等方面提出了我国投融资模式发展的体制性障碍和制约性因素,并结合我国经济发展的阶段性因素,提出了我国城镇基础设施建设投融资模式改革所应遵循的基本原则。即坚持政府的主导作用,发挥市场主体的积极性；坚持财政资金在基础设施投融资领域的基础性作用,调动民间资本的积极性；坚持政府融资作为投融资体系的核心,发挥现代金融制度的作用；坚持私人资本在市场有效的领域的基础性作用,充分发挥政府扶持协调补充的优势。同时提出了我国城镇基础设施见识投融资改革的基本路径。最后,秉持着政府主导,市场积极参与,充分发挥现代金融制度作用的原则分别就非经营性基础设施、准经营性基础设施、经营性基础设施设计了三种不同的融资模式。在非经营性领域采用政府采购,依托政府基础设施建设平台,利用现代金融制度进行产品创新；在准经营性领域,大力推行特许经营权制度,鼓励民营资本经营基础设施,政府辅以制度、税收、补贴方面的支持；在经营性领域全面向民营资本放开,充分发挥市场机制的基础性作用,政府辅以财政资金、产业基金的形式加以支持的新型投融资模式。本文的创新之处在于基于公共产品理论将政府投资的基础设施分为三个相对独立又有联系的领域,针对不同的领域,利用现代金融制度加以产品创新,开发出对应的新型融资模式。
[Abstract]:Since twenty-first Century, the speed of urbanization in China has been speeding up, and the capital demand of urban infrastructure construction is increasing. What role should local government play in the construction of urbanization infrastructure, how to maximize the use of limited financial funds, expand existing financing channels, develop new financing models and guarantee the basis The financing demand of infrastructure construction has become an urgent problem to be solved.
This paper first reviews the development course of the investment and financing mode of urban infrastructure construction since the reform, analyzes the realistic background and the existing problems of different modes adopted at different stages, systematically combs the reform thinking way of the investment and financing mode of urban infrastructure construction in China, and seeks the direction of the future reform. At the same time, it is divided into detail. The structure of the existing investment and financing system, the advantages and disadvantages of all kinds of investment and financing models and their applicability are analyzed. The existing problems in the construction of infrastructure investment and financing in China are summarized.
Secondly, this paper divides the international mature investment and financing models into three types, which are market dominant, government leading and market oriented and government guided, and selected 5 representative countries to analyze their advantages and disadvantages, and find the common characteristics of their successful operation. In the process of infrastructure investment and financing, the government should adhere to the leadership of the government, the division of labor and cooperation at all levels, encourage the entry of private funds, and actively develop the successful experience of the financial market.
On this basis, this paper analyses the stages of the development of the investment and financing mode in China, and puts forward the institutional and restrictive factors for the development of our investment and financing mode in terms of the legal system, the financial system, the public management system, the credit system, the financial system and so on. The basic principles should be followed in the reform of the investment and financing mode of urban infrastructure construction, namely, to adhere to the leading role of the government, to play the initiative of the market subject, to adhere to the basic role of financial funds in the field of investment and financing of infrastructure, to mobilize the enthusiasm of the private capital; to adhere to the government's financing as the core of the investment and financing system, and to play its role as the core of the investment and financing system. The role of the financial system, the basic role of the private capital in the effective market and the advantage of the government's support and coordination, and the basic path of the reform of the investment and financing of urban infrastructure in China.
In the end, three different financing modes are designed for non operational infrastructure, quasi operational infrastructure and operational infrastructure, with the principle of government leading, active market participation and full play of the role of modern financial system. The financial system carries out the product innovation; in the quasi operational field, the franchise system is vigorously pursued, the private capital management infrastructure is encouraged, the government is supported by the system, the tax and the subsidies; the free capital is fully liberalized in the management field, the basic role of the market mechanism is fully played, the government is supplemented by financial funds and industrial base. A new type of investment and financing model supported by the form of gold.
The innovation of this paper is to divide the infrastructure of government investment into three relatively independent and related areas based on the theory of public products. In the light of the different fields, we use the modern financial system to innovate the product and develop the corresponding new financing mode.

【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.24;F812.45

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