Research On Financial Supervision System Design Of China's Joint-venture Railway

Joint-venture railway which appeared in the beginning of 80s last century, aims at stimulating the invest interest of local government and enterprises, solving the problem of lack of money and accelerating the development of railway industry. After 20years'development, joint-venture railway has become an important part of the rail net of our country, and has made a lot of contribution to local railway development.However, joint-venture railway did not match our expectation at present that most projects have experienced their difficulties such as managing problem, low profit and repay. This has not only jeopardized safety of state owned properties but also undermined investors' confidence of joint-venture railway. As lack of regulation is the main reason of the result, we must explorer efficient approaches to manage the properties of such a magnitude in order to improve the development of joint-venture railway.For the mission above, and based on theories of financial supervision and characteristic of joint-venture railway, this paper started from the property right and the issues on financial supervision, and made a deep analysis of why the regulation did not work, so that can look for a feasible and effective plan for regulation on the financial supervision in joint-venture railway.