Chinese Infrastructure Financing Problem

The infrastructure is the base of a country economy development. It often needs the large and the long-term fund of investment. Based on its attribute of public product, the government is in the dominant position for a long time in infrastructure financing, thus its financing pattern by financial financing primarily. Since the reform and open policy, along with on the international infrastructure market tide arrival, our country infrastructure financing has been take state-owned or the state-owned holding company as the carrier;taking the government credit as the foundation, and the finance and the bank as the main capital source. This kind of financing pattern promoted our country infrastructure development in the certain degree, but still could not satisfy the fast development of our economics. At the same time, in the bank aspect, the call for fund long-term characteristic and the bank fluidity also has the some contradiction. The infrastructure construction and the operation often cross economical cycle and inevitable are undertaking the economical development systematic risk, but undertakes the large quantity infrastructure construction by the long-term bank credit to have the condition and have the limit. Therefore, in the infrastructure financing domain, needs to establish the essential financial mechanism to support the investment the growth, establishes the essential system to arrange to share the financial risk. This article analyzes the financing structure of our country infrastructure project, in order to attempt to propose the suggestion plan to our country infrastructure financing organizational reform.This text divides into four chapters, the first chapter of main introduces infrastructure concept and its the economic characteristic, and have carried on the review and the reorganization to the infrastructure correlation economic theory. The second chapter interdicts the infrastructure financing main pattern, the reason of its market tendency as well as overseas advancement infrastructure financing market experience and case. The third chapter introduces infrastructure market financing main participation and its the main pattern, have analyzed each main pattern merit and the shortcoming. The last chapter locates the angle of view to our country infrastructure construction financing, analyzes the present situation of our country infrastructure construction financing and its the market inevitability, at the same time puts forward the correlation proposal and points out that the development finance is the beneficial explore of the infrastructure financing form in the time of our economy transferring.