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The Study And Models Analysis About Finance Problem Of Expressway Built

Posted on:2009-09-25Degree:MasterType:Thesis
Country:ChinaCandidate:X WeiFull Text:PDF
GTID:2189360272976174Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Since 1985, China issued a "road loan, the repayment fee" policy, marks favorable development of highways. in 1988, the Shanghai-Jiading Expressway completed, the expressway marks the breakthrough of China. Highway to improve transport capacity and efficiency of modern logistics and enhance the quality of life in areas such as the public plays an important role. Expressway is a an important symbol of national modernization. With the rapid development of the national economy, transportation to the national economy has been initially ease the bottleneck. However, the requirement to adapt to economic development and improving people's quality of life, such as point of view, the development of transport infrastructure still can not satisfy the domestic GDP growth and speed up the process of urbanization brought about by the huge demand.Highway construction is a long process, the need to raise large amounts of capital. Therefore, handling the financing of the highway construction , is to make a smooth highway construction to a pre-condition. The capital was a key of develop in high--ways built.The idea of writing this article is, first of all ,from the beginning of the highway financing environmental analysis, to find the financing problems in the process of the highway, and then combined with the problem of foreign cases on the issue of proposed solutions. The highway financing environment and financing of risk analysis and find that China's highway financing in the process of the existence of central financial investment is too small and uneven distribution, as well as a single highway financing channels, such as lack of market-oriented and more directed to address the issues and countermeasures program. From the financing system, the development of diversified financial system is the only way for the development of highways, that is listed on the financing issue stock to raise capital, issue bonds in two ways become the main way of financing the highway.Specifically, in the introduction section of the highway construction background research and research significance, first introduced the concept of financing to define, and then from Marxist political economy and economics in the West to introduce the perspective of finance theory. Focusing on project financing related to the theory, analysis of the last highway financing. In the third chapter, for China's highway construction financing, do some analysis of the status, from the economic environment, financial environment and legal environment for analysis and summing up the highway financing environment. Analysis of key highway financing channels for financing, financing structures and risk financing, risk financing as the main part of the paper, a detailed description of the risks, as well as the reasons for the formation of control measures. Chapter IV pointed out that China's highway financing problems and come up with strategies and problem-solving. The capital was a key of develop in high--ways built. Among the lot of large size projects were assisted by the Credit Loan Agricultural bank and so on. In the future, share capital and bonds will be important role include of insurance capital all kinds of money. Countermeasure have bond , stocks, mergers, privately collected funds, Policy ,collect share, bank loan ,Capitals go to market economy.Chapter V is part of the case studies, the main highway in Guangdong's Guangzhou-Shenzhen Highway and the project for the analysis of the object, is a former highway business, which is a highway construction project, financing its analysis of the status, certainly at this stage of the Financing the achievements and shortcomings and pointed out that the future can be improved and development.The billion mass of the Chinese people, will testify with their dreams that is building the socialism with particular features in our land, and it is certain that the Chinese Communist Party will win victory after victory is in the task of the national construction...
Keywords/Search Tags:Expressway, Share capital and funds, Investment environment, Projects built
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