联系我们

论文查询结果	返回搜索

论文编号：	2633
作者编号：	2120082208
上传时间：	2010/6/17 17:16:13
中文题目：	基础设施建设项目证券化融资模式选择与风险控制研究
英文题目：	Study on Mode Selection and Risk Control of Securitization Financing of Infrastructure Project
指导老师：	戚安邦
中文关键字：	基础设施 资产证券化 特殊目的机构 项目风险管理
英文关键字：	Infrastructure Asset Backed Securitization Special Purpose Vehicle Project Risk Management
中文摘要：	我国基础设施建设水平远远落后于世界发达国家，经济的快速发展对我国基础设施建设提出了巨大要求。目前，我国基础设施建设项目融资渠道单一，政府财政压力大，制约了我国基础设施发展的速度。资产证券化理论起源于美国，是20世纪70年代以来国际金融领域中最具影响的金融创新之一，成为全球金融市场的一个重要发展趋势。发展资产证券化这一融资方式，对拓宽我国基础设施建设项目渠道，缓解政府资金压力，推动基础设施项目建设起到积极的作用。 本文主要的研究内容分为四个部分。第一部分分析了资产证券化在我国基础设施建设项目融资中应用的比较优势；第二部分提出了资产证券化在我国基础设施建设项目中的模式选择方案；第三部分探讨了我国基础设施建设项目证券化融资的风险识别与控制；第四部分结合具体的案例对研究结果进行了实际的分析。 本文通过利用文献综述法和比较分析法得出了资产证券化方式在基础设施建设项目融资中的比较优势。并结合基础设施建设项目特点和中国国情，对我国基础设施建设项目证券化融资模式选择和风险控制进行了深入研究。最后，运用案例研究的方法对研究成果进行了实例分析。 本研究的创新点就在于考虑了基础设施建设项目必须保证政府的控制权这一特殊要求，提出了两种基础设施建设项目证券化融资的两种模式。而且这种模式的设计除了选取常见的发行人的角度，还从专业服务人的角度提出了解决的方案。其次，本为将项目风险管理的思想引入到资产证券化中，从发起人的角度，研究了对基础设施建设项目证券化融资项目的风险管理。
英文摘要：	In recent years, the level of infrastructure of China has made a great development, but it is still far behind the developed countries. In the other hand, China's economic is developing at a very high speed every year, which requires high quality and large quantity of infrastructure to support. According to this situation, we must throw more effort and currency to this area, but, China’s current infrastructure project financing channels are limited and can not fulfill the large demand. The Asset Backed Securitization Theory originated in the United States, it is the most influential financial innovation in 20th century, and it has become a major global financial market trend. Using Asset Backed Securitization as a financial channel in infrastructure construction projects can be helpful for enlarging the financing scaling, and pushing the developing speed. This thesis includes five main parts. First, the comparative advantage of Asset Securitization in infrastructure projects financing of China. Second, the mode of infrastructure construction project asset securitization. Third, risk management of infrastructure construction project asset securitization. Fourth, the case study with the applying of this study’s research result. In this paper, the writer using literature reviewing, comparative analysis and case study to get the research result. The innovations of this study are as following. First, it proposes two infrastructure project securitization financing modes with the special requirement, which is that the government must ensure the controlling of the infrastructure projects. Second, it is from the perspective of the promoters, using the project risk management to control the financing risk of the infrastructure construction project securitization.
查看全文：	预览  下载(下载需要进行登录)