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Study On The Investment And Financing Model Of Beijing Newly-built Olympic Venues

Posted on:2012-12-22Degree:MasterType:Thesis
Country:ChinaCandidate:X Y YangFull Text:PDF
GTID:2217330338969858Subject:Humanities and sociology
Abstract/Summary:PDF Full Text Request
The characters of construction a stadiums is commonly known as long cycle,vast investment and high risk,since massive fund needed to be completed by the reasonable and effective investment and financing mode. Seen from the practical situation, Olympic stadiums construction projects are different from each other, each owns its characteristics, especially on the sides on the future income flow and market value of different stadiums, it is specially needed to take a different tailor-made financing ways. Moreover the domestic enterprises and offshore funds play a role in construction of the newly-built Beijing Olympic venues and related facilities, for which financing modes include issuance of bonds, shares in construction projects, project financing and other types. Meanwhile, the entire process of bidding of legal partners of Beijing Olympic venues and related facilities is open, fair, impartial and transparent, which provide valuable and successful experiences to the future Build Operate Transfer and Private Public Partnership, also provide new idea and successful example for investment, construction, management of profit-making or quasi profit-making government investment projects.Comparing with the overall investment and financing of built large stadiums in China, Beijing newly-built Olympic venues pursue diversification of investment and financing channels, simple organizational structure, open and transparent management, more pragmatic in the examinations and approvals. Stadium project bidding adequately mobilizes social capital, promotes to be in line with the international advanced ideas, and the tendering process is more scientific and reasonable, which provides a new idea and successful example for the future venues investment, construction, management. The investment and financing mode of Beijing newly-built Olympic venues is divided into six categories, but the state financial subsidies occupies the most. Proportion of entity self-raised funds have larger breakthrough than ever, which has become main financing mode of efficient venues construction. Mode of Social donation varies, especially the large donation from overseas and ethnic Chinese. Beijing newly- built Olympic venues, is in consideration of the requirements of social public, makes a long-term use after games and long-term planning in combination with the distribution characteristics of urban economic development, and fully encourages to pursuit economic efficiency and to pay attention to social benefits.This paper takes the investment and financing mode of Beijing newly Olympic venues (excluding temporary stadium) in Beijing 2008 Olympic Games as research object, and through literature, comparative analysis, system analysis, logical reasoning and expert interviews and other research method, based on feature and experiences of analyzing and summarizing investment and financing mode of Beijing newly-built Olympic venues, aims at exploring strategy and recommendations.
Keywords/Search Tags:newly-built, Olympic venues, investment and financing mode
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