Private Capital Investment And Financing Model For Research In Fujian High-speed Rail

In recent years, China's high-speed railway construction continues to heat up, the rapid growth of the scale of investment, the provincial Ministry of the debt problems of traditional joint venture model and a single cause of long-term fiscal financing can not be resolved, the high-speed railway construction serious shortage of capital. At the same time, the proportion of funding local governments bear the high-speed railway construction increased year by year, the joint venture will have to face perennial losses of high-speed rail and other issues, local government debt burden serious. Therefore, the high-speed railway investment and financing mode in urgent need of change.In 2013, the state increased the railway investment and financing system reform efforts. July 2013, Premier Li Keqiang at a State Council executive meeting of the deployment of railway investment and financing system reform direction, the same year in August, the State Council issued a " railway investment and financing system reform to accelerate railway construction advice." April 2014 Premier Li Keqiang at a State Council executive meeting on the railway to continue to deepen the reform of investment and financing mechanism, the main measure is the introduction of private capital to high-speed railway construction. Governmental economic development of Fujian Province, the huge amount of private capital to the body, in 2013 the private economy, Fujian province accounted for the proportion of total economic output reached 67.2%; province's private investment 867.41 billion yuan, an increase of 35.5%. Because fewer investment opportunities, investment channel is not smooth, the majority of private capital on a smaller contribution to the development of the real economy, but to invest in real estate and other industries quickly returns, exacerbated the real estate market fluctuations and financial risks. Faced with such a strong private capital, Fujian Investment and Financing Reform HSR has a unique advantage, perfectly placed first try first to establish with the characteristics of Fujian railway investment and financing mode. Based on this, this study high-speed railway in Fujian Province as the research object, explore optimization strategies and path selection, Fujian high-speed railway investment and financing modes.In this paper, according to ask questions, analyze and solve problems, " three-step" framework, a comprehensive literature analysis, comparison of three research studies and empirical research methods, financing for development and civil status quo and problems of high-speed railway in Fujian Province, the use of modern investment and financing theories and methods of system analysis SWOT analysis, and learn from the experience of high-speed railway construction investment and financing, and then proposed high-speed rail, Fujian investment and Financing optimization strategy. First, the government sector organizations to establish high-speed rail, Fujian Industrial Investment Fund, co-managed by the government and private owners of capital, the implementation of full market -oriented operation, focusing on local high-speed rail investment; secondly, regulate government support mechanisms, in the current situation, the high -speed railway construction still government-led, to play the role of financial resources to support high- speed railway construction; Finally, proposed the establishment of high-speed rail, Fujian investment and Financing of public service platform to provide specialized services to government departments, railway companies and private investors, policy and legal advice, including investment and financing personnel training, rail and other public financial risk monitoring services, and high-speed rail investment and financing consultants, personnel orientation training, financing guarantees profitable services.In this study, high-speed rail, Fujian Investment and Financing Reform has a certain reference value.