Research On Operating Mode Of The Investing And Financing For Infrastructure

The infrastructure is the foundation of the economic growth in a country, that closely relates to people's living and social welfare. That's why every country highly values developing it. Through the development for several years, the total amount of the infrastructure in our country has already improved greatly and has been continuously making progress to the reform of the infrastructure construction system. Throws the financing domain in the infrastructure, the districts established the policy infrastructure investing and financing companies as the operation model of the main body of infrastructure investing and financing. In one hand, this model has safeguarded the management and control to the infrastructure construction for government, in the other hand, it has provided the possibility for the multiplication of the main body of infrastructure investing and financing and the market of investing and financing behavior in the certain degree. It has positive significance for the investing and financing of infrastructure construction at present. At the same time, there are series of barriers in the movement process of this model.Mainly, the following problems have been studied in this article:①This article analyzed the characteristic of infrastructure utilizing the work value, the public goods theory and the project discrimination theory. Then the developing process and the operation present situation of the financing company model are analyzed threw the actual situation of infrastructure investing and financing in China. In this foundation, the power mechanism, the existence and the development foundation of the present investing and financing model of infrastructure are studied. The objective evaluations to the positive sense of the infrastructure construction are made.②The entrusting and agent relation between the financing companies and governments has carried on the classification. The entrusting and agent model between the government and the policy financing companies has established. The different types of the entrusting and agent relations are analyzed through this model, then the intrinsic mechanism of the direction of infrastructure model reform are promulgated. Establishing a pre-working infrastructure margin utility model on Investment Company and a game model that the government and infrastructure Investment Company treat government support, the author anatomizes the management puzzledom that the government put on the investment groups and puts forward resolvents.③The actual barrier in the movement process are studied from investment person system, property right relations, investment process, development difficulty, financial risk and so on.④The theory summary of the practice and reform of infrastructure construction investment and financing in Chongqing has been made.⑤In this foundation, measure suggestion such as to clear the localization of policy investing and financing companies; to solute the problem of investment decision-making power and responsibility separation; to enhance the financing ability of policy investing and financing companies; to complete the risk management in the investment process; to establish the withdrawal mechanism of infrastructure project investment, and so on.