Tianjin Urban Infrastructure Investment And Financing Operating Mechanism And Optimization Study

Urbanization process accelerates in our country from the beginning of 1980s to increase the demands on urban infrastructure. Serious shortage of capital for construction restricts the investment in construction of urban infrastructure. Urban infrastructure becomes the bottleneck of restricting rapid development of city. Therefore, the reform of investment mechanism of urban infrastructure becomes common topic of reform and development of all cities in China.Since new century, the reform step of investment system of urban infrastructure of our city quickens, the main body of urban construction investment realizes division of government and business and construction capital realizes pluralism marked by introducing a large amount of loan of RMB 50 billion from China Development Bank and establishing Tianjin Infrastructure Investment Group. The Paper is prepared around deepening investment and financing system reform of urban infrastructure of our city, strengthening project investment management, perfecting financing mechanism of Tianjin Infrastructure Investment Group, improving investment benefit and realizing sustainable development of enterprise based on guiding practice with theory.Chapter 1 of the Paper briefly expatiates the background, purpose, guideline and study method of the theme. Chapter 2 briefly introduces the concept and classification of urban infrastructure, describes the theory on public article, external effect and balance of supply & demand related to urban infrastructure, analyzes economic feature of urban infrastructure, concludes the formation process of urban infrastructure and puts forward the capital source for construction of urban infrastructure by collecting and integrating government capital firstly and then establishing platform and giving play to government capital to finance social capital through project and enlarge capital benefit. Put forward financing society and capital government department shall perfect support policy in terms of compensation, investment guidance and pricing. Chapter 3 looks back the reform process of investment and financing for domestic and foreign urban infrastructure construction, affirms the achievements of domestic reform, points out problem existing in government and enterprise, pertinently introduces the experience of urban infrastructure construction of Beijing, Shanghai and Chongqing. Chapter 4 looks back the background and process of reform of investment mechanism of urban infrastructure of our city, analyzes the status quo and operation structure of main investment body of urban infrastructure of our city and objectively analyzes existing problem and restrictive factor while fully affirming the achievements. Chapter 5 puts forward the opinion on optimization of investment and financing operation mechanism of urban infrastructure of our city. Put forward to continue to deepen the reform of investment management mechanism of urban infrastructure in terms of government through completing decision-making mechanism of project, carrying out project reserve system, perfecting estimation argumentation system before making decision on the project, and establishing investment responsibility investigation system; deepen project investment management mechanism through perfecting instead-build system, pushing estimation system after major project and deepening project following up and auditing system; deepen the construction of guarantee system of investment and financing management of government through strengthening management according to law and plan and improving servicing level. Put forward to deepen the operation and financing level of Tianjin Infrastructure Investment Group in terms of enterprise through perfecting project operation mode, enlarging financing source, expanding project financing channel, and pushing project balance operation mode. Prevent the risk of investment and financing project and realize sustainable development of enterprise through balancing net assets and liabilities, input and output and cash flow. Chapter 6 puts forward to attach equal importance to strengthening management on investment decision-making and financing, transform government investment into government purchase service, enlarge financing source, push marketization, lower financing cost, expand capital utilization scale, briefly analyzes benefit and points out next orientation of study.