广州南沙轨道交通项目的资产证券化融资方案设计

发布时间：2018-06-08 01:31

本文选题：轨道交通 + 资产证券化　；参考：《西南石油大学》2013年硕士论文

【摘要】：城市轨道交通建设需要巨额的资金支持,而以轨道交通收费资产证券化的方式进行融资是近年来逐渐兴起的一种新的融资方式。随着广州南沙的高速发展,作为新区基础设施建设重要一环的轨道交通建设也亟需跨越式发展,在更广阔的市场中寻求资金的支持,既缓解地方政府的财政压力,又加大区域轨道交通项目的建设力度。本文即是通过对广州南沙轨道交通项目的资产证券化融资方案设计,探讨将资产证券化融资模式引入城市轨道交通融资的可行性,扩大将来城市轨道交通的建设资金融资渠道,为市政建设以及资本市场发展带来新兴力量。本文在大量研究国内外相关成果的基础上,结合资产证券化的基本原理以及广州南沙轨道交通的建设实际,为广州南沙轨道交通建设项目实施资产证券化提出了一个比较完整的方案设计。文章的核心部分：首先对该设想的现实条件进行了深入地研究,然后通过比较、分析构建一个适合广州南沙实际情况的轨道交通建设资产证券化融资方案,最后论述了广州南沙轨道交通建设资产证券化融资模式所带来的风险和应对措施。根据本文的分析,在“十二五规划”、“南沙国家级新区发展规划”以及“新型城镇化建设”等政策支持之下,广州南沙引入资产证券化的融资模式建设城市轨道交通不失为一条城市基础设施建设跨越式发展的可行途径,在政府的扶持政策下,吸引私人资本投资,并对轨道交通物业开发模式进行商业化运作,提高经济效益,从而能够达到促进城市轨道交通的投融资、建设和运营良性循环的目的。
[Abstract]:The construction of urban rail transit needs a huge amount of capital support, and the way of securitization of rail transit charge assets is a new financing method which is gradually rising in recent years. With the rapid development of Nansha in Guangzhou, the rail transit construction, which is an important part of the infrastructure construction in the new area, also needs leapfrog development. In order to alleviate the financial pressure of the local government, it is necessary to seek financial support in the broader market. Also increase the construction of regional rail transit projects. This paper discusses the feasibility of introducing the financing mode of asset securitization into the financing of urban rail transit through the design of asset securitization financing scheme of Guangzhou Nansha rail transit project, and expands the financing channels of construction funds of urban rail transit in the future. This paper, on the basis of a large number of research results at home and abroad, combined with the basic principle of asset securitization and the construction of Guangzhou Nansha rail transit, has brought a new force to the development of municipal construction and capital market. This paper presents a relatively complete scheme design for the implementation of asset securitization in Guangzhou Nansha rail transit construction project. The core part of the article: firstly, the realistic conditions of this assumption are deeply studied, and then, through comparison, the author analyzes and constructs a financing scheme for the asset securitization of rail transit construction in Nansha, Guangzhou, which is suitable for the actual situation in Nansha, Guangzhou. Finally, the paper discusses the risks and countermeasures brought about by the financing mode of asset securitization in Guangzhou Nansha rail transit construction. According to the analysis of this paper, in the 12th Five-Year Plan, With the support of the "Nansha National New District Development Plan" and "New urbanization Construction" and other policies, Guangzhou Nansha introduced the financing Mode of Asset Securitization to build Urban Rail Transit is a feasible way to develop urban infrastructure by leaps and bounds. Under the support policy of the government, attract private capital investment. The commercial operation of the development mode of urban rail transit property can improve the economic benefit, so as to achieve the purpose of promoting the investment and financing of urban rail transit, construction and operation of benign circle.
【学位授予单位】：西南石油大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F532.8;F832.4

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