老挝金融环境对交通基础设施融资的影响研究

发布时间：2018-08-12 15:30

【摘要】：交通基础设施建设对一个国家的发展具有重要的作用,它直接影响该国的交通运输状况,而交通运输状况又很大程度上影响着国民经济的发展。因此,交通基础设施的建设与发展关乎着一个国家的命脉,是国家经济的象征,是国家发展的动力和基石。老挝目前交通基础设施十分落后,亟待发展。但是,老挝国家发展落后、经济贫穷,而交通基础设施建设往往需要大量的资金支持,仅依靠政府财政支出以及国外援助已经很难满足国家经济发展对交通基础设施的需求。因此老挝应该充分利用多种融资模式,将民间资本以及外国资本合理、高效的引入本国交通基础设施建设中来。在交通基础设施融资的过程中,国家的金融环境起到了十分重要的影响。金融环境的不断优化可以拓宽融资的渠道、调整融资的结构,金融政策的健全有利于融资活动更加规范化,因此,金融环境的完善和发展会对交通基础设施融资起到很大程度的帮助作用。然而老挝的金融环境发展情况并不理想,老挝银行业的资本实力较小,且贷款利率较高,使得企业融资的成本过高;老挝的证券业发展仍处于起步阶段,目前证券市场上只流通了5只股票,从交易量来看,广大民众对股票的投资的热情并不大,目前并没有交通基础设施建设企业通过在老挝证券交易所上市进行融资;老挝目前还没有建立起本国的信用管理体系,一个良好、有序的金融环境需要参与金融活动的各个主体具备良好的信用,完善社会信用体系对于金融环境的优化十分重要。目前老挝金融环境发展不完善的现状使得其交通基础设施融资困难程度增加,从一定程度上也制约了本国交通基础设施的发展。本文在撰写过程中,首先阅读了大量国内外相关文献,并对文献进行整理、总结;之后,为了更好地了解老挝目前交通基础设施建设情况、金融环境发展现状、交通基础设施融资现状及融资模式等问题,实地去到了老挝的中资建筑企业进行调研,掌握一手的数据资料;然后对所收集的资料进行整理和分析,通过热度分析法对老挝的金融环境发展状况做出评价,结合老挝交通基础设施融资的情况、金融环境对交通基础设施融资的保障作用,研究老挝金融环境对交通基础设施融资的影响。最后,本文采用案例分析的方式,通过实地调研老挝万象综合开发项目的项目情况、融资情况等,对此项目进行分析,总结经验。并根据上面的理论研究和具体的案例分析结果,针对投资老挝交通基础设施的中资企业融资提出相应的对策建议。
[Abstract]:The construction of transportation infrastructure plays an important role in the development of a country, which directly affects the state of transportation in that country, and to a large extent, it affects the development of the national economy. Therefore, the construction and development of transportation infrastructure is related to the lifeblood of a country, the symbol of national economy, the motive force and foundation stone of national development. Laos's current transport infrastructure is very backward and needs to be developed. However, the development of Laos is backward, the economy is poor, and the construction of transportation infrastructure often needs a lot of financial support. It is difficult to meet the demand of national economic development for transportation infrastructure by relying solely on the government expenditure and foreign aid. Therefore Laos should make full use of various financing modes and introduce private capital and foreign capital into the construction of domestic transportation infrastructure reasonably and efficiently. In the process of transportation infrastructure financing, the national financial environment has played a very important role. The continuous optimization of the financial environment can broaden the financing channels, adjust the financing structure, and improve the financial policy is conducive to more standardized financing activities, therefore, The improvement and development of financial environment will help the financing of transportation infrastructure to a great extent. However, the development of the financial environment in Laos is not satisfactory. The relatively small capital strength of the Lao banking sector and the high interest rate on loans make the cost of enterprise financing too high. The development of the securities industry in Laos is still in its infancy. At present, there are only 5 stocks in circulation in the stock market. Judging from the trading volume, the public is not enthusiastic about the investment of the stock. At present, there is no transportation infrastructure construction enterprise to raise funds by listing on the Lao Stock Exchange. Laos has not yet established its own credit management system. A good and orderly financial environment requires good credit for all subjects involved in financial activities. It is very important to perfect the social credit system for the optimization of the financial environment. At present, the development of financial environment in Laos is not perfect, which makes it more difficult to finance transportation infrastructure, and restricts the development of transport infrastructure in Laos to some extent. In the course of writing, I first read a large number of domestic and foreign related documents, and collate and summarize the literature. Then, in order to better understand the current situation of transport infrastructure construction in Laos, the current situation of financial environment development. The current situation and financing mode of transportation infrastructure financing, and so on, went to Laos to conduct research on Chinese-funded construction enterprises in the field, to master first-hand data; and then collate and analyze the data collected. Through the thermal analysis method to evaluate the development of the financial environment in Laos, combined with the situation of the financing of transport infrastructure in Laos, the role of the financial environment in ensuring the financing of transport infrastructure, This paper studies the influence of Lao financial environment on transportation infrastructure financing. Finally, this paper uses the method of case analysis, through the field investigation of Lao Vientiane comprehensive development project situation, financing situation, and so on, analyzes this project, summarizes the experience. According to the above theoretical research and concrete case analysis, the paper puts forward the corresponding countermeasures and suggestions for the financing of Chinese enterprises investing in transport infrastructure in Laos.
【学位授予单位】：云南财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F833.34;F513.34

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