Research On The Influence Of BT Mode On Investors' Financial Structure

As of the end of2012, China’s urbanization rate was52.6%, China’surbanization has entered a crucial stage of development. But the city municipalinfrastructure investments lag problems are restricting urban development, trafficcongestion is getting worse and medium-sized cities, urban water supply, gas, heatpipe network, sound pollution treatment and sewage treatment and otherinfrastructure can not meet the urban development demand, urban infrastructurefunding shortfalls. How to resolve the government in infrastructure development inthe lack of funds, and actively seek solutions, has become the government,enterprises, the financial sector in China. With the full development of financialmarkets, financial instruments, innovative, BT mode This new mode of investmentand financing projects in infrastructure and public by the government, banks andfinancial institutions to support, was introduced into the urban infrastructureconstruction in the past, effective eased the shortage of funds. Meanwhile, as the BTproject investor-owned large and medium construction enterprises through its strongfinancing capability and construction management capabilities to participate in theBT model project investment and construction, to seize market share, change ofinvestment channels, to promote enterprise restructuring and development ofstate-owned capital preservation and appreciation.This mode of operation in BT ’s financial structure of the project on the impactof investment in the center, starting with the theoretical basis of the financing of theBT model for system analysis, BT model describes the characteristics and runningprocesses, a clear investment in BT mode key role financial institutions and investorsto the meaning and effect are analyzed. This paper focuses on the analysis of laterinvestors in the BT project financing for investors influence financial structure, thefinal thesis BT Wuhan Second Link project as a case study to analyze how theinvestor to operate the project through the BT model, take the appropriate financing,improvement financial indicators, optimizing financial structure. This study will be investment projects in BT mode of operation, optimizing the financial structure toprevent debt risk, improve operational quality assets to provide reference andpractical guidance.