Project Financing Mode And Credit Guarantee Structure Study

The Project Financing is one of the branches of international finance. This kind of financing is different from those traditional company financing methods which depend on the borrower's credit status and ability of repay debts by the characteristics of 'Project Oriented' , 'Limited Recourse' and 'Risk Allocation' . Therefore it is welcomed by project investors and borrowers and becoming a means of financing for the construction of large scale infrastructure projects and resource development project. When our country is developing rapidly and constantly, the fund of invest project is very short. The Project Financing, as a effective means , is one of the worthy using for reference and popularizing financing methods. Thus to research the application condition and practice way of the Project Financing in our country has a very practical meaning and value for application.The mode of Project Financing is the core of the whole structure, it including The Investment Structure, The Financing Structure, and The Risk Allocation Structure. After several ten year's development since 1930's, The Project Financing has brought forth the mode of'leveraged leasing', 'Production Payment', 'Build-operate-transfer', etc. The design of Credit Guarantee Structure is very important in Project Financing Mode, it is regarded as 'The life line' of the Project Financing. Because Project Financing is based on the characteristics of 'Risk Allocation', and Project Guarantee is the key of the 'Risk Allocation' .So the purpose of choosing the thesis title 'The Project Financing Mode and Credit Guarantee Structure' is to research the main problem and to replay incarnate the practice value of Project Financing.This thesis starts with the theory and basic characteristics of Project Financing, emphasizing the characteristics of financing structure and risk allocation system, discusses the relationship of Project Financing Mode and Credit Guarantee Structure basing on the case, and the application in Railway Construction Project basing on Railway Construction Project's characteristics.The whole structure or framework of the thesis could be divided into seven parts.Chapter one: This chapter starts with the beginning, now and develop of Project Financing, discuss the definition, basic characteristics and structure characteristics ofProject Financing, mostly reflect the thesis's research scope and significance, the problem's researching trend in the country and international, and the plan of my study..Chapter two: This chapter analyzes the effect factor of Project Financing Mode; emphatically study the structure characteristics, advantage and disadvantage and operation of some fashion Project Financing Mode.Chapter three: This chapter discusses the adventure style, the principle of adventure allocation, the way of adventure management in Project Financing.Chapter four: Base on the adventure allocation study, this chapter discusses the characteristics and application of Credit Guarantee structure.Chapter five: Base on the 'Australia Channar Iron Ore Project Financing' and 'Guangxi Laibin Electric Factory B Project Financing', this chapter analyzes the relationship of Project Financing mode and Credit Structure in 'Leveraged Leasing Mode' and 'Build-operate-transfer Mode'.Chapter six: This chapter describes financing actuality in our country railway construction, analyses the feasibility of Project Financing, and base on the study of Project Financing mode and Credit Structure, discuss the application of Project Financing in our country railway construction.