本文關(guān)鍵詞： 資本市場 融資 戰(zhàn)略 研究　出處：《內(nèi)蒙古大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：當下,中國經(jīng)濟面臨的一大問題是“企業(yè)多,融資難；資金多,投資難”。資本市場直接融資功能的進一步提升,將是解決這一問題的重要路徑。在經(jīng)濟發(fā)展中,資本市場作為調(diào)整經(jīng)濟結(jié)構(gòu)、推動區(qū)域經(jīng)濟發(fā)展的重要工具,已與區(qū)域經(jīng)濟融為一體,成為區(qū)域經(jīng)濟的重要組成部分。 內(nèi)蒙古自治區(qū)經(jīng)過多年市場經(jīng)濟建設(shè),成績斐然,國民經(jīng)濟取得長足發(fā)展。但從地區(qū)經(jīng)濟增長結(jié)構(gòu)來看,能源大區(qū)的“投資依賴癥”仍然比較嚴重,資本市場的發(fā)展已經(jīng)成為影響和制約內(nèi)蒙古經(jīng)濟快速增長的關(guān)鍵因素之一。因此,加強內(nèi)蒙古資本市場融資能力建設(shè),有效擴大地區(qū)直接融資比重,滿足全區(qū)廣大企業(yè)多元化的投融資需求,進一步增強資本市場服務(wù)于地方實體經(jīng)濟的能力,是個值得研究的問題。 本文整體研究思路為：站在全國戰(zhàn)略高度闡明發(fā)揮資本市場融資功能的理論基礎(chǔ)和現(xiàn)實意義,匯總和分析現(xiàn)有資本市場直接融資方式及其優(yōu)缺點,為后文提供全局性概念框架；進而詳細論述內(nèi)蒙古資本市場直接融資現(xiàn)狀、存在問題及成因,在介紹和借鑒國內(nèi)外資本市場先進經(jīng)驗的基礎(chǔ)上提出加強場融資能力建設(shè)的戰(zhàn)略模式,并在該模式指導(dǎo)下提出相應(yīng)意見和建議。 文章重點采用定量分析方法論述了資本市場直接融資對于促進區(qū)域經(jīng)濟發(fā)展、優(yōu)化區(qū)域產(chǎn)業(yè)機構(gòu)的積極意義。通過全面分析內(nèi)蒙古地資本市場直接融資情況,深入闡述了存在的三大問題,即與全區(qū)經(jīng)濟發(fā)展不相適應(yīng)、與間接融資情況相比偏低、與全國平均水平比顯不足,進而提出導(dǎo)致上述問題的三個主要因素,即上市公司家數(shù)少、部分上市公司再融資能力不足、債券融資規(guī)模有待進一步擴大。 他山之石,可以攻玉。文章較為全面的總結(jié)分析了美國、香港以及北京、上海等發(fā)達國家或地區(qū)的先進經(jīng)驗和做法,并從中提煉總結(jié)出加強融資能力建設(shè)的三大戰(zhàn)略模式,即制定發(fā)展綱要、建設(shè)多層次股權(quán)市場、發(fā)展債券市場。在該戰(zhàn)略模式框架下,文章提出了提升內(nèi)蒙古資本市場融資能力的對策和建議,以更好地服務(wù)于地方經(jīng)濟社會發(fā)展,實現(xiàn)資本市場和區(qū)域經(jīng)濟和諧共贏。
[Abstract]:At present, China's economy is faced with a major problem is "more enterprises, financing difficult;" The further improvement of the direct financing function of the capital market will be an important way to solve this problem. In the economic development, the capital market is to adjust the economic structure. The important tools to promote regional economic development have been integrated with regional economy and become an important part of regional economy. After many years of market economy construction, Inner Mongolia Autonomous region has made great achievements, and the national economy has made great progress. However, from the structure of regional economic growth, the "investment dependence" in the energy region is still relatively serious. The development of capital market has become one of the key factors influencing and restricting the rapid economic growth of Inner Mongolia. Therefore, to strengthen the capital market financing capacity in Inner Mongolia, effectively expand the proportion of direct financing in the region. It is worth studying to meet the diversified investment and financing needs of enterprises in the whole region and to further strengthen the ability of the capital market to serve the local real economy. The overall research ideas of this paper are: standing in the national strategic height to clarify the theoretical basis and practical significance of giving full play to the function of capital market financing, summarize and analyze the existing capital market direct financing methods and their advantages and disadvantages. To provide the overall conceptual framework for the following; Then the paper discusses in detail the current situation, problems and causes of direct financing in Inner Mongolia's capital market, and puts forward a strategic model to strengthen the construction of financing capacity on the basis of introducing and drawing lessons from the advanced experience of domestic and foreign capital markets. And under the guidance of this model, the corresponding comments and suggestions are put forward. This paper mainly discusses the positive significance of direct financing of capital market in promoting the development of regional economy and optimizing regional industrial organization by means of quantitative analysis. Through the comprehensive analysis of the direct financing situation of capital market in Inner Mongolia. In this paper, three problems are discussed, that is, they are not suitable for the economic development of the whole region, low compared with the indirect financing situation and insufficient compared with the national average level, and then the three main factors leading to the above problems are put forward. That is, the number of listed companies is small, the refinancing capacity of some listed companies is insufficient, and the scale of bond financing needs to be further expanded. The article summarizes and analyzes the advanced experiences and practices of the United States, Hong Kong, Beijing, Shanghai and other developed countries or regions. From it, three strategic models of strengthening financing capacity construction are summarized, that is, the formulation of development outline, the construction of multi-level equity market, and the development of bond market. This paper puts forward the countermeasures and suggestions to improve the financing ability of capital market in Inner Mongolia in order to better serve the development of local economy and society and realize the harmonious and win-win situation between capital market and regional economy.
【學(xué)位授予單位】：內(nèi)蒙古大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.51

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本文編號：1456844