Highway Investment And Financing Of Business Diversification

Highway as an important modern infrastructure, fully embodies a country's economic construction and development. Western developed countries and emerging economies in Asia region (such as Thailand, Korea, etc.) than the starting point for our poor basis for highway construction, highway mileage although growth has been rapid, but in the process of highway construction, a long time the use of funds by funding shortages and inefficiencies plagued hinder our fast and efficient development of highway construction. Highway to the present from the development of China, according to industry characteristics, financing channels from a single direct investment in developing countries to the central government's direct and indirect investment, local multi-channel financing; directly or indirectly through the capital market financing; domestic and foreign debt financing, and policy support and private financing and other financing channels, the diversification of investment and financing mode of coexistence.However, China's highway construction tasks in this stage, appear in highway investment decision and investment structure does not match the current capital market structure, market-oriented financing channels such issues as inadequate. Meanwhile, the highway financing system and our current financial system, capital market mechanism and institutional differences, in particular the current highway financing system in China, the governmental initiatives, accounts for a significant element of the government as a "tangible hand "to play a leading role in the form of, certainly contrary to the market economy, are bound to affect the highway industry, diversification of investment and financing channels, the market in the development of the process.In this paper, the operating characteristics of highway industry, on the existing highway sector investment and financing pattern of the full study limitations, refer to the national experience, and through some of the more representative of domestic provinces and cities Highway Investment and Financing of business analysis, comparison, from both theoretical and empirical aspects of proposed highway construction and improvements of the investment and financing mode and process of diversification.