發(fā)布時(shí)間：2018-01-31 10:05

  本文關(guān)鍵詞： 資產(chǎn)證券化 小城鎮(zhèn) 基礎(chǔ)設(shè)施 融資方式　出處：《天津大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：近年來，隨著國(guó)民經(jīng)濟(jì)的高速發(fā)展，我國(guó)已進(jìn)入工業(yè)化中期，新型城鎮(zhèn)化成為國(guó)家新的發(fā)展戰(zhàn)略，是擴(kuò)大內(nèi)需的最大潛力，支撐著未來二十年我國(guó)經(jīng)濟(jì)的平穩(wěn)快速發(fā)展。加快城鎮(zhèn)化意味著對(duì)城市基礎(chǔ)設(shè)施需求的不斷增加，傳統(tǒng)的融資方式已難以滿足我國(guó)目前小城鎮(zhèn)基礎(chǔ)設(shè)施建設(shè)的資金需求。如何擴(kuò)大小城鎮(zhèn)基礎(chǔ)設(shè)施建設(shè)資金的來源，關(guān)乎城鎮(zhèn)化的健康發(fā)展。資產(chǎn)證券化作為一種新興的融資方式，，應(yīng)用于小城鎮(zhèn)基礎(chǔ)設(shè)施建設(shè)，可以有效地緩解我國(guó)城鎮(zhèn)化建設(shè)中遇到的資金難題，并促進(jìn)我國(guó)投融資體制的改革。 本文以小城鎮(zhèn)基礎(chǔ)設(shè)施建設(shè)資產(chǎn)證券化為研究對(duì)象，首先闡述了在小城鎮(zhèn)基礎(chǔ)設(shè)施項(xiàng)目中應(yīng)用資產(chǎn)證券化的重要意義，并對(duì)資產(chǎn)證券化在國(guó)內(nèi)外的研究現(xiàn)狀和發(fā)展現(xiàn)狀進(jìn)行了回顧；接著，在資產(chǎn)證券化和小城鎮(zhèn)基礎(chǔ)設(shè)施相關(guān)概念和理論的基礎(chǔ)上，通過對(duì)我國(guó)小城鎮(zhèn)基礎(chǔ)設(shè)施建設(shè)與投融資現(xiàn)狀及存在問題進(jìn)行的分析，提出應(yīng)該在小城鎮(zhèn)基礎(chǔ)設(shè)施建設(shè)中引入資產(chǎn)證券化，以解決小城鎮(zhèn)基礎(chǔ)設(shè)施建設(shè)資金短缺和資金結(jié)構(gòu)不合理的問題；然后，結(jié)合天津市薊縣正在開展的某項(xiàng)宅基地?fù)Q房示范小城鎮(zhèn)建設(shè)項(xiàng)目的實(shí)際情況，設(shè)計(jì)出一套以小城鎮(zhèn)出讓土地收益權(quán)為支持進(jìn)行離岸資產(chǎn)證券化的實(shí)施方案，并對(duì)該方案的可行性和風(fēng)險(xiǎn)進(jìn)行分析；最后，從法律法規(guī)、監(jiān)管、會(huì)計(jì)準(zhǔn)則和稅收四個(gè)方面對(duì)該方案實(shí)施的外部環(huán)境進(jìn)行總結(jié)，并提出我國(guó)要想在國(guó)內(nèi)資本市場(chǎng)成功發(fā)行資產(chǎn)支持證券（ABS），就應(yīng)該從相關(guān)法律法規(guī)和稅收優(yōu)惠政策的制定，會(huì)計(jì)制度的調(diào)整，市場(chǎng)監(jiān)管機(jī)構(gòu)的建立等方面入手改善實(shí)施資產(chǎn)證券化的外部環(huán)境，在此基礎(chǔ)上還要采取一系列措施來培育國(guó)內(nèi)的資產(chǎn)證券化市場(chǎng)。
[Abstract]:In recent years, with the rapid development of the national economy, China has entered the middle of industrialization, new urbanization has become a new development strategy of the country, is the maximum potential to expand domestic demand. It will support the steady and rapid development of our economy in the next two decades. Accelerating urbanization means increasing demand for urban infrastructure. Traditional financing methods have been difficult to meet the current capital needs of infrastructure construction of small towns in China. How to expand the sources of capital for infrastructure construction of small towns. Asset securitization, as a new financing method, can be used in the infrastructure construction of small towns, which can effectively alleviate the financial problems encountered in the construction of urbanization in China. And promote the reform of China's investment and financing system. This paper takes the asset securitization of infrastructure construction in small towns as the research object. Firstly, it expounds the significance of applying asset securitization in the infrastructure projects of small towns. The research and development of asset securitization at home and abroad are reviewed. Then, on the basis of the related concepts and theories of asset securitization and small town infrastructure, this paper analyzes the present situation and existing problems of infrastructure construction, investment and financing of small towns in China. It is suggested that asset securitization should be introduced into the infrastructure construction of small towns in order to solve the problems of capital shortage and unreasonable capital structure in infrastructure construction of small towns. Then, combining with the actual situation of the small town construction project of a homestead exchange model which is being carried out in Jixian county of Tianjin city. This paper designs a set of implementation scheme of offshore asset securitization supported by the right of land transfer in small towns and analyzes the feasibility and risk of the scheme. Finally, from the laws and regulations, supervision, accounting standards and tax four aspects of the implementation of the external environment of the program summarized, and proposed that China want to successfully issue asset-backed securities in the domestic capital market (ABS). We should improve the external environment of asset securitization from the aspects of relevant laws and regulations and preferential tax policies, the adjustment of accounting system, the establishment of market supervision agencies and so on. On this basis, we should take a series of measures to cultivate the domestic asset securitization market.
【學(xué)位授予單位】：天津大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51;F299.24

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 李昭軍;資產(chǎn)證券化的運(yùn)作及法律問題初探[J];海南金融;2000年06期

2 項(xiàng)楊,姜執(zhí)偉;美國(guó)共同基金持有結(jié)構(gòu)和我國(guó)開放式基金營(yíng)銷渠道選擇[J];上海綜合經(jīng)濟(jì);2001年11期

3 劉入領(lǐng);中國(guó)發(fā)展資產(chǎn)證券化融資的意義、難點(diǎn)和對(duì)策[J];經(jīng)濟(jì)評(píng)論;1999年01期

4 黃丹;我國(guó)推行資產(chǎn)證券化的障礙分析[J];金融與經(jīng)濟(jì);2001年04期

5 王輝;加快我國(guó)基礎(chǔ)設(shè)施資產(chǎn)證券化進(jìn)程的思考[J];商業(yè)經(jīng)濟(jì)與管理;2001年02期

6 胡旭陽(yáng);我國(guó)開展資產(chǎn)證券化的制度“瓶頸”[J];投資研究;2000年11期

7 陳冰;;資產(chǎn)證券化法律問題研究[J];武漢大學(xué)學(xué)報(bào)(哲學(xué)社會(huì)科學(xué)版);2011年06期

8 張博;葛幼松;;小城鎮(zhèn)控制性詳細(xì)規(guī)劃編制研究[J];小城鎮(zhèn)建設(shè);2009年08期

9 何小鋒,黃嵩;從資產(chǎn)證券化的理論體系看中國(guó)突破模式的選擇——兼論現(xiàn)有的八大建議模式[J];學(xué)習(xí)與探索;2002年01期

10 何強(qiáng);張承輝;姜文超;魏武強(qiáng);;中國(guó)西部小城鎮(zhèn)環(huán)境基礎(chǔ)設(shè)施技術(shù)需求分析[J];中國(guó)人口.資源與環(huán)境;2007年02期

本文編號(hào)：1478806