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论文编号：	9888
作者编号：	2220130974
上传时间：	2018/5/23 17:48:02
中文题目：	我国商业银行参与PPP项目的策略研究
英文题目：	Research on Countermeasures of Commercial Banks Participating in PPP Projects in China
指导老师：	王迎军
中文关键字：	商业银行；PPP；风险控制
英文关键字：	Commercial bank; PPP; Risk Control
中文摘要：	我国经济目前进入下行周期，供给侧改革的刺激作用虽然逐步显现，但其仍然需要一定的经济增长速度保证改革的进度；与此同时，我国当前由于城镇化进程的加快和对相对落后地区的基础建设的扶持，我国具有大量的融资需求，但是地方政府传统的土地财政政策和金融机构传统的融资模式难以为继，在此多重背景下，我国政府在基建项目过程中急切希望引入社会资本，激发民间投资活力。PPP的项目模式由于具备了多资金来源渠道、社会资本与政府风险共担的特点，因此成为当前政府职能转变、改善公共物品供给效率的重要选择之一。在以往关于PPP项目模式的研究中，学者们从不同的研究角度出发，包括PPP的经济本质及运作风险角度、基础设施自身特点的角度等，但以金融机构作为研究主体的研究较少。在现实项目操作中由于银行有其特殊性，开展业务相对稳健，因此有时并不能够完美的匹配PPP模式中投融资的变化趋势。针对该问题，本文从PPP项目的识别阶段、准备阶段、执行阶段和移交阶段四个阶段对商业银行参与PPP项目的方式进行了分析。另外，由于PPP项目的金额较大，同时涉及到国有资产，因此商业银行参与PPP项目的主要风险存在于六个方面：政策和法律风险、政府风险、社会公众利益风险、市场风险、合同履约风险和流程风险。本文继而对PPP项目的风险管理予以了探讨，包括了风险检测、风险分担措施两个方面。最后本文结合中信银行的实际情况，以中信银行联合体所参与的三类PPP项目进行了总结，包括南明河水环境综合整治项目（股权类模式）、华夏幸福固安新型城镇化项目（债券类模式）和鸟巢BOT项目（投贷一体类模式）。
英文摘要：	At present, China's economy into a downward cycle, gradually appear in the stimulating effect of supply side reform, but the reform of the supply side still need a certain rate of economic growth; at the same time, China's current due to the acceleration of urbanization and the relatively backward infrastructure support, with a large number of financing demand in china. But the traditional local government land finance policy and the traditional financial institutions financing mode in the background, difficult to continue, the Chinese government in the process of infrastructure projects eager to introduce social capital, stimulate private investment in energy. PPP project model has the characteristics of multiple sources of funds, social capital and government risk sharing, so it has become one of the important choices of the current government function transformation and improving the supply efficiency of public goods. In the previous study on PPP project model, scholars from different point of view, including the angle and the nature of the economy and the operation risk of PPP infrastructure in view of their own characteristics, but as the starting point of the study less specific financial industry. As the last guarantee of the financial industry, the banking industry is particularly special, but because the deposit and loan business of the banking industry is relatively conservative, it can not perfectly match the changing trend of the investment financing in the PPP mode. This paper analyzes the ways of commercial banks participating in PPP projects from four aspects of the identification stage, preparation stage, execution phase and handover phase of PPP project. For the larger PPP project amount, and relates to the state-owned assets, the main risk the commercial banks to participate in the PPP project in six aspects: policy and legal risk, the risk of government, social public interest risk, market risk, contract risk and process risk. In this paper, the risk management of PPP project is discussed, including two aspects of risk detection, first sharing measures. Finally, CITIC Bank, three kinds of PPP project to CITIC Bank Consortium involved are summarized, Including the comprehensive renovation project of Nanming river water environment (equity mode), Huaxia happiness of new urbanization projects (bond mode) and BOT (one kind of bird's nest project investment mode).
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