Analysis Of The Railway Investment And Financing System Reform In China On Property Right

"11th Five-Year Plan" period of China's railway construction funds for the needs will be 1.5 trillion yuan. "11th Five-Year Plan" promoted the railway investment and financing system reform program came out in 2006, to satisfy the demand of "11th Five-Year Plan" large-scale construction for funds, breaking the railway investment and financing system has always existed in the "bottleneck" problem, the Ministry of Railways is being accelerated to improve railway Financing structure, promoting the railway investment and financing system reform, developing the joint-venture railways, in-depth exploration diversified means of financing to expand the scale of road building joint ventures and social investment ratio, the new main railway universal realization of investment diversification.This paper's starting point is the reform of the investment system, which is that the property rights influence investment. In the railway industry, many of the main property rights, governments and enterprises affected transportation and production organizations directly. The allocation of resources between the relevant rights is one of the main elements of the allocation of property rights. Moreover, the country's reform and development of the railway also runs through all the property rights between the government and enterprises by unceasing adjustment of the distribution. Therefore, this paper focused on the allocation of property rights on the impact of investment and financing, In addition, the resulting privatization of the railway also discuss in the scope of this paper.This paper mainly uses demonstration and qualitative analysis methods. Using the system of property rights and economics, and economic theory, the paper demonstrates the impact of investment and financing efficiency from the China Railway starting with the allocation of property rights, and also comparative analyzes the effectiveness of the property rights allocation of the United States as well as its impact to reform of investment and financing in order to do a proposals of China's railway investment and financing system reform.