Construction Of Commercial Forest Investment And Financing Channels In Our Country

For a long time, restricted by our country's economic development level and the forestry's own characteristic, forestry investment and financing problems includeing fund shortage, investment and financing system not suitable and the investment environment not ideal become the primary factor that affects the development of our country's forest economy.The nature of commercial forestry decides the marketable characteristic of its fund movement. Therefore, in the market economy condition, it is urgent to use the market mechanism to establish diversified financing channels which adapted well to the characteristic of commercial forestry production. This article first defined the concept of commercial forest and forestry investment and financing, pointed out that the forestry investment and forestry financing were the two sides of the same coin, made the object and the range of the study clear. Then reviewed the investment and financing state of forest in our country briefly, analysed the process of the forestry investment and financing channels with the changing policy, pointed out the problem in the investment and financing channels of our country's forestry. And then systematically analysed and combed each kind of investment and financing channels of commercial forest in the order of self-provides fund, indirect and direct finance.Especially studied commercial forest indirect financing channel emphatically combining the particularity of rural finance market.Finally, remarked the investment and financing channels of commercial forest form four aspects of financing cost, financing risk, fund accessiblity and the compatiblity with the forestry management, as well as constructed initially the investment and financing channels which adapted with each kind of afforestation producer:Regarding the scale operator, besides striving for the policy-type financial support, they should collect long-term construction funds through capital market and raise short-term commercial mortgage loan for the short-range program as well as to balance the capital structure. It is proper for the middle and small scale afforestation organization and the forest worker who gains not too big to seek support from folk financial particularly cooperative finance in the foundation of striving for policy-type finance .In addition, to guarantee the validity of the investment and financing channels of commercial forest, related policy must be consummated,includes: Raise the ownership of forests registration working speed, consummate the live timber trading market; Relax gradually even cancel the cutting quota of commercial forest;Speed up the taxes and fees reform step, lighten the present high taxes and fees burden; Consummate our country forest insurance system as soon as possible. And the country withdraws from the competitive forestry investment plan gradually to avoid the low efficiency and the market distortion when forestry Department responsible for the public welfare forest and the commercial forest management simultaneously.