泛亚铁路融资模式研究：理论与实践

发布时间：2018-04-09 06:22

本文选题：泛亚铁路　切入点：融资模式　出处：《云南财经大学》2013年硕士论文

【摘要】：区域一体化是推动区域经济共同发展的有效途径，东盟自由贸易区的构建是东盟国家应对国际区域集团竞争、实现共同繁荣的必经之路。泛亚铁路建设是实现这一目标的重要举措之一。泛亚铁路的建设符合东南亚各国经济发展诉求，目前建设时机已经成熟，融资问题成为制约其进程的瓶颈。跨境铁路属于准公共物品范畴。泛亚铁路的建设涉及众多参与国，面临的政治、经济、法制环境迥异，交织着以“国家”为主体的复杂的利益博弈。目前泛亚铁路的建设呈现一冷一热两个极端：中国的建设进度较快，建设积极性最高；大湄公河次区域国家因资金问题进程十分缓慢，大部分国家甚至根本没有动工。泛欧交通网亦属于跨境交通基础设施，其在融资上的成功经验至少有四点值得我们在泛亚铁路融资过程中参考或借鉴：一是引入“基金担保”融资机制，充分发挥欧盟的“资信”价值；二是成立专门的非盈利性协调组织机构，极大地减少交易成本并提高工作效率；三是利用基金方式对欠发达地区实施补贴，调动欠发达地区建设积极性；四是完善立法，，营造良好的跨境铁路投融资环境。借助SWOT分析方法综合分析了泛亚铁路内、外部融资环境，总结了泛亚铁路融资机制构建的总体思路。泛亚铁路融资应遵循“合作平台搭建、内外力互补、次区域金融合作”的总体思路。文章从多层次合作平台的构建、内部融资、外部融资、次区域金融合作四个方面，探讨了泛亚铁路融资机制的构建。政府推动，因势利导，搭建多层次互为补充的合作平台，是实现泛亚铁路建设的必要前提。通过设立泛亚铁路专项基金、综合运用多种新型铁路融资模式进行市场化融资、尝试运用“以地养路”融资模式，以及配合运用铁路债券、政府财政支持、国内银行贷款等传统融资模式获取国内资金支持。努力争取国际贷款和国际援助等国外资金是实现泛亚铁路融资目的的重要补充。积极构建与次区域经贸合作相配套的金融服务体系，加强与次区域金融机构之间的合作，并推行人民币周边国际化。推动中国-东盟自贸易区区域内融资，是实现泛亚铁路融资目的的根本出路。中国应成为泛亚铁路投资主体。
[Abstract]:Regional integration is an effective way to promote the common development of regional economy. The construction of ASEAN Free Trade area is the only way for ASEAN countries to cope with the competition of international regional groups and realize common prosperity.The construction of the Trans-Asian Railway is one of the important measures to achieve this goal.The construction of the Trans-Asian Railway conforms to the economic development demands of Southeast Asian countries. At present, the construction time has been ripe, and the financing problem has become the bottleneck restricting its progress.Cross-boundary railways fall under the category of quasi-public goods.The construction of Trans-Asian Railway involves many participating countries and faces different political, economic and legal environments.At present, the construction of the Trans-Asian Railway is both cold and hot: China's construction progress is relatively fast, and the construction enthusiasm is the highest; the Greater Mekong Subregion countries are very slow because of the financial problems, and most countries have not even started construction at all.The Trans-European Transport Network is also a cross-border transport infrastructure, and its successful experience in financing is worth our reference or reference in the financing process of the Trans-Asian Railway: first, the introduction of a "fund guarantee" financing mechanism.To give full play to the "credit" value of the European Union; second, to set up special non-profit coordination organizations to greatly reduce transaction costs and improve work efficiency; and third, to use funds to subsidize less developed regions.Fourth, perfect legislation and create a good environment for cross-border railway investment and financing.With the help of SWOT analysis method, the paper synthetically analyzes the internal and external financing environment of the Trans-Asian Railway, and summarizes the overall idea of the construction of the financing mechanism of the Trans-Asian Railway.Trans-Asian railway financing should follow the general idea of "building cooperation platform, complementing internal and external forces, and sub-regional financial cooperation".This paper discusses the construction of pan-Asian railway financing mechanism from four aspects: the construction of multi-level cooperation platform, internal financing, external financing and sub-regional financial cooperation.It is a necessary prerequisite for the construction of Trans-Asian Railway to build a multi-level complementary cooperation platform promoted by the government and guided by the situation.Through the establishment of a special fund for the Trans-Asian Railway, the comprehensive use of a variety of new railway financing models for market-oriented financing, the attempt to use the "land to maintain roads" financing model, as well as the use of railway bonds, government financial support,Domestic bank loans and other traditional financing mode to obtain domestic financial support.Striving for foreign funds, such as international loans and international aid, is an important supplement to the purpose of Trans-Asian Railway financing.We should actively establish a financial service system that is compatible with subregional economic and trade cooperation, strengthen cooperation with subregional financial institutions, and promote the internationalization of the RMB periphery.It is the fundamental way to realize the purpose of Trans-Asian Railway financing to promote the intra-regional financing of China-ASEAN self-trade area.China should become the main investment body of the Trans-Asian Railway.
【学位授予单位】：云南财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F531.3

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