The Research On Innovational Financing Mode Of Liuyang Urban Coristruction Group Corporation

With the urbanization being accelerated constantly, the lag of the urban infrastructure construction has already been the bottleneck to restrain the urban development, and especially the problem of capital shortage in the urban construction has perplexed the development of the small town in our country. The Liuyang Urban Construction Group Corporation is a wholly state-owned company that represents the Government to perform the investment management of the urban construction. So that how to innovate the investment and financing systems of the construction of small towns, how to widen the financing channel of the urban construction, how to promote the financing abilities of the government of small towns, and how to solve the capital shortage to the urban construction are the most characteristic problems to the infrastructure of small towns.At present, there are mainly three kinds of financing modes of the urban infrastructure at abroad. As follows: the financing of the project capital market, the professional financing institution of urban infrastructure development and the project financing, which are divided into two types :one is the mode of Britain and the United States which uses the security financing, and another is the mode of Japan and Germany using the bank financing. The financing mode of our domestic urban infrastructure insists on the competitive and the non-competitive investment and financing.The innovation of the financing mode of Liuyang Urban Construction Group Corporation includes three actions. Fistly, it is the innovation of the financing system, which mainly operates the system innovation and marketization of the public service industries of the city. Secondly, it is the innovation of the financial channel, which mainly means the land management of towns, develpment-oriented finance and leading the social capital to participate in the investment and operation of the operation projects. Thirdly, it is the innovation of financing ways, which means to build the market-oriented subject of the infrastructure investment and financing by fiduciary way, to widen the financing channel and to innovate the investment and financing ways of the urban infrastructure, to optimize the portfolio and financial flow, and to reduce the costs of comprehensive construction, by synthetically operating the financial instruments such as the trust business, investment bank business, financial engineering design and so on, on principle of "Government-sponsored, marketing operation, social...