Trust Financing Application Research Of The Fast Channel Project In A County

Because it can’t be tradable,and it is a kind of quasi-public goods with non-exclusive and non-competitive,transport infrastructure mostly depends on the government construction.The limitation of fiscal revenue restricts its construction and development,especially in the counties,therefore in recent years,local governments constantly trying to open up new financing channels.With the development of Chinese financial market,trust financing,with its unique advantage of financing,has become one of the important ways of infrastructure financing.And as an important component of the infrastructure,the transport infrastructure is also constantly trying to trust financing.A county is located in the southwest of China.Due to the backwardness of the local economy,remote geographical location,shortage of supply of transportation infrastructure,a single financing and other issues.Among them,the A county fast channel project is due to the shortage of funds in the forced shutdown,in order to complete projects as soon as possible,to play the effectiveness of the project,decided to use trust financing to solve the financing problem,this paper studies on this issue.This paper summarizes the related theory of trust financing,and compares the transportation infrastructure of several major financing ways,mainly analyzes the trust financing way;it describes the transportation infrastructure construction situation in China;A case study on the application of trust financing in the fast channel project of A County: gives the background of the project,analyzes the financing source of repayment guarantee,and after the risk factors and control measures.Through research,found that the trust financing in A county fast track the use of the project construction process,there may be government support way is wrong,trust itself exists high barriers to entry,buyer product poor liquidity,the limitations of the trust financing amount and time limit,the lack of effective guarantee,the trust companies lack of professionalism and so on.In view of the existing problems,and combining the current environmental policies,this paper puts forward some suggestions on trust financing in the fast track project of A County,to give full play to the function of government support,optimize the design of the trust products and improve the overall quality of the participants.