Research On The Financing Of Social Capital PPP Projects

"13th Five-Year" period is the development of Guizhou province society,an important period of all-round development of people's livelihood undertakings and social economy,all levels of financial education funds 324 billion 700 million yuan is 2.3 times in 12 th Five-Year "period,the implementation of" 9+3 "education plan,secondary vocational schools" hundred school Wars "and" four breakthrough "project,Huaxi University City Qingzhen City,vocational education,Guizhou University new campus project basically completed,a large number of provincial key projects of education in the construction and completion of a solid foundation for the stable development of Guizhou province education lay,financial funds to ensure the livelihood expenditure,stimulating economic growth is huge,but also increased the burden of government debt.Guizhou Province in 2015,the local debt is 913 billion 500 million yuan,ranked fifth in the country,and largest economy in Guangdong Province,2016(China's financial rigid gap Tax revenue-public expenditure)222 billion 900 million yuan,the first half of 2017 rigid fiscal gap 128 billion 900 million yuan,the data can be found in the financial industry for the development of the education carrier of both models,in the current local debt management,the national large and medium-sized city prices hovering,land transfer the high degree of dependence on today's difficult to continue.The former finance minister Lou Jiwei proposed to promote the PPP mode,after implementing the proactive fiscal policy to guide private capital to participate in the economic construction of the society,the education industry project long construction period,large amount of investment,long-term significance,introducing the PPP model for enterprises to provide a new way of investment project selection,enhance the ability to participate in the project of social capital finance decision making.This article mainly from the perspective of generalized enterprise financial management,research on PPP project financing channels,in economics,financial management and other related knowledge on the basis of the literature research method,case study method and field research method focusing on the PPP project mode,operation flow,PPP financing channels,common problems and difficulties risk response measures analysis.Start with the foreign and domestic PPP project financing theory,collected the academic research,focus on introduction of the existing theory,draws out the PPP project model in China's practice significance,mainly in promoting economic and social development,stimulate social capital investment activity,reduce the financial pressure in the construction of infrastructure projects.Followed by the introduction of process PPP model,introduces the main contents of each stage of the project,the social capital and responsibility to examine the work of Party construction and operation of the project in perspective,and describes the main risk factors in the operation of the project,can be divided into three categories such as legal risk,force majeure risk and operational risk,then introduce the main way of PPP project financing in China,commercial bank financing,bank financing,insurance policy,industrial policy and fund trust funds,private and public offering bonds,discusses different financing channels and the quality of the basic operation mode,explore the social capital financing of PPP project.Finally,in G province normal university facilities construction project as an example,introduces the basic situation and difficulties of project project financing scheme,PPP project mode of social capital should be concerned,the difficulties including qualified social capital,project investment,project risk,project exit mechanism,project performance evaluation,project yield as the key link,the optimal path of the PPP project financing level,clearly define the qualified social capital,reasonable project investment,appropriate risk sharing mechanism and discusses application.The related construction project of G province Normal University as a breakthrough,the optimization of PPP project framework and guide enterprises to fully understand the PPP project process,in order to explore the effective social capital education PPP project participation and risk factors that may be encountered,through the analysis of actual case to solve practical problems.The study of this paper has some practical guiding significance to guide the social capital party to participate in the project construction and enhance its own competitiveness.