本文選題：九華經濟建設投資公司 + 融資模式創(chuàng)新��； 參考：《湘潭大學》2017年碩士論文

【摘要】：中國地方政府融資平臺是在我國特殊的國情及歷史條件的背景下、在中國投融資體制改革過程中出現(xiàn)的具有中國特色的一種產物,是指由中國地方政府及其部門和機構等通過財政撥款或注入土地、股權等資產設立,承擔政府投資項目融資功能,并擁有獨立法人資格的經濟實體。在地方政府缺乏替代融資渠道,中國轉移支付制度尚不完善背景下,融資平臺緩解了地方財政提供地方公共服務和推動地方經濟發(fā)展雙重任務的壓力,調動了地方積極性,其在加強基礎設施建設、道路建設、城市改造、住房建設、經濟發(fā)展以及應對國際金融危機沖擊等方面發(fā)揮了重要的積極作用。與此同時,也出現(xiàn)了一些需要高度關注的問題,例如,地方政府融資平臺公司舉債融資規(guī)模迅速膨脹,運作不夠規(guī)范,地方政府違規(guī)或變相提供擔保,償債風險口益加大,部分銀行業(yè)金融機構風險意識薄弱,對融資平臺公司信貸管理缺失等。隨著時間的推移和社會的發(fā)展,這些融資平臺的負面效應己逐步顯現(xiàn)。因此,筆者在這一背景下研究九華經濟建設投資融資有限公司的融資模式創(chuàng)新問題,具有較強的理論與實踐意義。本文首先對政府融資模式和風險、政府融資平臺、政府債務風險及其管理的相關文獻進行綜述,總結出該領域的研究現(xiàn)狀;然后,對九華經建投的融資現(xiàn)狀研究,第一,對九華經建投公司進行簡單介紹,第二,從財務報表中提取數(shù)據(jù)對九華經建投公司的融資現(xiàn)狀進行分析,第三,在現(xiàn)狀分析的基礎上研究九華經建投融資的主要特征,第四,在以上分析的基礎上研究九華經建投融資存在的主要問題;緊接著對九華經建投融資環(huán)境進行SWOT分析,在研究九華經建投的融資模式創(chuàng)新時,不應拋開融資環(huán)境而對融資模式創(chuàng)新進行泛泛而談,而應特別關注融資的外部環(huán)境,因此筆者采用、SWOT分析研究九華經建投融資環(huán)境的優(yōu)勢、劣勢、機遇和威脅,并列以矩陣分析,為后文分析九華經建投的融資模式創(chuàng)新提供融資環(huán)境保障依據(jù);第四章為九華經建投的融資模式創(chuàng)新,在上文的分析框架下,從傳統(tǒng)融資模式創(chuàng)新、市場化融資模式創(chuàng)新、項目融資模式創(chuàng)新和海外融資模式創(chuàng)新四個方面研究九華經建投融資模式的創(chuàng)新。最后,研究九華經建投的融資風險和控制措施,包括融資風險敞口和融資缺口的敏感性影響因素分析,并從逐步實現(xiàn)公司轉型、夯實融資網絡體系、嚴格控制融資規(guī)模等多方面提出了風險控制建議措施。
[Abstract]:Chinese local government financing platform is a kind of product with Chinese characteristics under the background of China's special national conditions and historical conditions, and in the course of the reform of China's investment and financing system. It refers to the economic entity set up by Chinese local government and its departments and institutions through financial allocation or injection of land equity and other assets to assume the financing function of government investment projects and have the status of independent legal person. In the absence of alternative financing channels for local governments and the imperfect transfer payment system in China, the financing platform alleviates the pressure on local finance to provide local public services and promote local economic development, thus mobilizing local enthusiasm. It plays an important and positive role in strengthening infrastructure construction, road construction, urban reconstruction, housing construction, economic development and coping with the impact of the international financial crisis. At the same time, a number of issues that require high attention have emerged, such as the rapid expansion of debt financing by LGFVs, the lack of proper functioning, the violation of local government regulations or the provision of guarantees in disguise, and the increased risk of debt servicing. Some banking institutions have weak risk awareness and lack of credit management for financing platform companies. With the passage of time and the development of society, the negative effects of these financing platforms have gradually appeared. Therefore, it is of great theoretical and practical significance for the author to study the innovation of the financing mode of Jiuhua Economic Construction Investment and financing Company under this background. This paper first summarizes the relevant literature on government financing model and risk, government financing platform, government debt risk and its management, and summarizes the current research situation in this field. This paper briefly introduces Jiuhua Jingjian Investment Company. Secondly, it extracts data from financial statements to analyze the current financing situation of Jiuhua Jingjian Investment Company. Third, it studies the main characteristics of Jiuhua Economic Construction Investment and financing Company on the basis of current situation analysis. Fourth, it studies the main characteristics of Jiuhua Economic Construction Investment and financing Company. On the basis of the above analysis, this paper studies the main problems existing in the investment and financing of Jiuhua Economic Construction, and then carries out SWOT analysis on the investment and financing environment of Jiuhua Economic Construction, and studies the innovation of the financing mode of Jiuhua Jingjian Investment. We should not put aside the financing environment, but should pay special attention to the external environment of financing, so I use SWOT analysis to study the strengths, weaknesses, opportunities and threats of Jiuhua Jingjian investment and financing environment. The fourth chapter is about the innovation of financing mode of Jiuhua Jingjian Investment, which is based on the traditional financing mode innovation under the framework of above analysis, and provides the basis of financing environment guarantee for the later analysis of the financing mode innovation of Jiuhua Jingjian Investment, the fourth chapter is the innovation of the financing mode of Jiuhua Jingjian Investment Corporation. This paper studies the innovation of Jiuhua Jingjian investment and financing model from four aspects: market financing model innovation, project financing mode innovation and overseas financing model innovation. Finally, the paper studies the financing risk and control measures of Jiuhua Jingjian Investment Corporation, including the analysis of the sensitive factors of financing risk exposure and financing gap, and from gradually realizing the transformation of the company to consolidate the financing network system. Strict control of the scale of financing and other aspects of the risk control measures.
【學位授予單位】：湘潭大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F832.39;F830.42

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