本文選題：礦產(chǎn)資源 + 礦業(yè)權(quán)��； 參考：《吉林財(cái)經(jīng)大學(xué)》2012年碩士論文

【摘要】：西部開發(fā)戰(zhàn)略的實(shí)施，依托區(qū)域資源要素稟賦，并借助于高新科技實(shí)現(xiàn)區(qū)域經(jīng)濟(jì)的跨越式進(jìn)步，發(fā)展具有較優(yōu)勢(shì)的特色經(jīng)濟(jì)與主導(dǎo)產(chǎn)業(yè)，有賴于金融行業(yè)強(qiáng)有力的資金支持和金融服務(wù)。資源開發(fā)項(xiàng)目的特點(diǎn)是，投資規(guī)模巨大、資金回收緩慢、周轉(zhuǎn)周期較長、相對(duì)資金收益率較低、經(jīng)營風(fēng)險(xiǎn)大。因此，利用一般的銀行借貸等金融工具很難吸引投資者參與，尤其是國外資金。 礦產(chǎn)資源證券化是一種金融工具或金融操作形式，通過證券化，可將西部資源優(yōu)勢(shì)轉(zhuǎn)化為資本優(yōu)勢(shì)，解決西部大開發(fā)資金短缺的矛盾。同時(shí)，還可引入西部大開發(fā)所需要的經(jīng)營思想與觀念、管理組織與制度、先進(jìn)的技術(shù)以及各種專門優(yōu)秀人才。通過觀念、管理、技術(shù)、人才以及資金等諸多資源的組合，可促進(jìn)我國西部大開發(fā)區(qū)域發(fā)展目標(biāo)的實(shí)現(xiàn)。 礦產(chǎn)資源的證券化，就是指在明確界定礦產(chǎn)資源產(chǎn)權(quán)的前提下，將已探明經(jīng)濟(jì)可采儲(chǔ)藏量的礦產(chǎn)資源未來產(chǎn)生的現(xiàn)金流作為抵押，在資本市場(chǎng)上發(fā)行“資源支持證券”，使投資者與投資標(biāo)的之間的直接的物權(quán)關(guān)系轉(zhuǎn)化為債權(quán)性質(zhì)的有價(jià)證券形式，資源開發(fā)企業(yè)融通開發(fā)資金，投資者獲得投資收益，從而實(shí)現(xiàn)從資源優(yōu)勢(shì)到資本優(yōu)勢(shì)、產(chǎn)業(yè)優(yōu)勢(shì)、經(jīng)濟(jì)優(yōu)勢(shì)和競(jìng)爭(zhēng)優(yōu)勢(shì)的轉(zhuǎn)變，由此帶動(dòng)西部地區(qū)經(jīng)濟(jì)的全面發(fā)展。 本文對(duì)礦產(chǎn)資源證券化問題進(jìn)行了深入研究。在論證其理論上和實(shí)踐上的重大意義基礎(chǔ)上，將金融學(xué)中的資產(chǎn)證券化理論創(chuàng)造性的應(yīng)用到“資源證券化”中，借鑒國外自然資源儲(chǔ)備（主要是石油天然氣）證券化的經(jīng)驗(yàn)，構(gòu)建了礦產(chǎn)資源資產(chǎn)（礦業(yè)權(quán)）證券化的結(jié)構(gòu)模型，設(shè)計(jì)出西部地區(qū)礦產(chǎn)資源資產(chǎn)證券化的具體方案，并對(duì)證券化運(yùn)作中的基礎(chǔ)資產(chǎn)選擇、資產(chǎn)支持證券的定價(jià)、資產(chǎn)證券化的風(fēng)險(xiǎn)分析與控制等問題進(jìn)行了專項(xiàng)研究。在總結(jié)國內(nèi)外自然資源資產(chǎn)證券化經(jīng)驗(yàn)的基礎(chǔ)上，提出了西部地區(qū)礦產(chǎn)資源資產(chǎn)證券化的配套措施。 礦產(chǎn)資源證券化可以將西部礦產(chǎn)資源開發(fā)利用由實(shí)體經(jīng)濟(jì)領(lǐng)域向資本市場(chǎng)領(lǐng)域拓展，加速礦產(chǎn)資源的資本化進(jìn)程，創(chuàng)新西部資源開發(fā)的模式，使礦產(chǎn)資源在未開采的狀態(tài)下也能產(chǎn)生巨大的經(jīng)濟(jì)效益和市場(chǎng)價(jià)值，使西部地區(qū)潛在的礦產(chǎn)資源轉(zhuǎn)化為現(xiàn)實(shí)的可利用的資本，能夠加快西部礦產(chǎn)資源優(yōu)勢(shì)向經(jīng)濟(jì)優(yōu)勢(shì)的轉(zhuǎn)化步伐，將為西部發(fā)展方式的轉(zhuǎn)變和經(jīng)濟(jì)社會(huì)的可持續(xù)發(fā)展提供重要的支撐。只要論證科學(xué)、相關(guān)配套措施到位，，礦產(chǎn)資源證券化的構(gòu)想是可以付諸實(shí)踐的。
[Abstract]:The implementation of the western development strategy, relying on the regional resource factor endowment, and with the aid of high-tech to realize the leap-forward progress of the regional economy, to develop the advantages of the characteristics of the economy and leading industries, Rely on financial industry strong financial support and financial services. The characteristics of resource development projects are that the scale of investment is huge, the recovery of funds is slow, the turnover period is longer, the relative return rate of funds is low, and the operating risk is large. Therefore, the use of financial instruments such as bank lending is difficult to attract investors, especially foreign funds. The securitization of mineral resources is a kind of financial instrument or financial operation form. Through securitization, the advantages of western resources can be transformed into capital advantages, and the contradiction of capital shortage in western development can be solved. At the same time, it can also introduce the management thought and concept, management organization and system, advanced technology and all kinds of specialized talents. Through the combination of ideas, management, technology, talents and funds, it can promote the realization of the regional development goal of China's western development. The securitization of mineral resources means that, on the premise of clearly defining the property rights of mineral resources, the future cash flow generated by the mineral resources with proven economic recoverable reserves is taken as collateral to issue "resource-backed securities" on the capital market. The direct real right relationship between the investor and the object of investment can be transformed into the form of securities with creditor's rights, and the resource developing enterprise can finance the development fund, and the investor can obtain the investment income, thus realizing the advantage from the resource advantage to the capital advantage, and the industry advantage. The transformation of economic advantage and competitive advantage, thus driving the overall development of the western region economy. In this paper, the securitization of mineral resources has been deeply studied. On the basis of demonstrating its great significance in theory and practice, this paper applies the theory of asset securitization in finance creatively to "resource securitization", and draws lessons from the experience of securitization of foreign natural resources reserves (mainly oil and gas). The structural model of securitization of mineral resources assets (mining rights) is constructed, and the specific scheme of securitization of mineral resources assets in western China is designed, and the selection of basic assets and the pricing of asset-backed securities in the operation of securitization are also given. The risk analysis and control of asset securitization are studied. On the basis of summing up the experience of securitization of natural resources assets at home and abroad, this paper puts forward the corresponding measures for securitization of mineral resources assets in western China. The securitization of mineral resources can expand the exploitation and utilization of mineral resources from the real economy to the capital market, accelerate the capitalization process of mineral resources, and innovate the mode of exploitation of western resources. The mineral resources can also produce enormous economic benefits and market value in the unexploited state, and the potential mineral resources in the western region can be transformed into realistic available capital. It will provide an important support for the transformation of the western mineral resources advantage to the economic advantage, which will provide an important support for the transformation of the western development mode and the sustainable development of the economy and society. As long as the demonstration is scientific and the relevant supporting measures are in place, the conception of mineral resources securitization can be put into practice.
【學(xué)位授予單位】：吉林財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：F426.1;F832.5

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