Analysis And Prevents On The Research On The Risk Of Investment And Financial In China's Joint-venture Railway

The 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 20 years' 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, the development of the Joint-venture railway has not maintained the good situation. The major of them exists the problems of difficult management, low economic efficiency and low investment repayment. It simulates the private capital to participate the road construction. This dues to high financing risk, the low investment rate of return, and low enthusiasm for the investors to investment. The article tries to analyze and prevent on the risk of investment and financial in China's joint-venture railway. It identifies the risk factor into five kinds, and aims at finding the corresponding measure to prevent each kind of risk. It hopes to reduce these risks effectively, and promote the development of Joint-venture railway. At the same time, this article takes the HuNing railway as an example, to analyze the financing risk of the concrete railroad. It surveys the border for critical point of HuNing railway. Also it aims to give some provisions for the running of HuNing railway. Simultaneously it also hopes that can promote the development of joint-venture railways that constructing in the future.