地方政府新型投融资平台搭建与运作模式研究-------以南京市下关区为例

1Aninvestigationintothenewbuildingandoperationmodeoflocalgovernment-backedinvestmentandfinancingunitsAnExampleofXiaguanDistrictinNanjing201010232010125201012520101254----5Aninvestigationintothenewbuildingandoperationmodeoflocalgovernment-backedinvestmentandfinancingunitsAnExampleofXiaguanDistrictinNanjingAbstractInrecentyears,localgovernmentshaveraisedmoneyforeconomicdevelopmentbyloansthroughtheirinvestmentandfinancingunits.Thepresentinvestmentandfinancingunitscannotmeettheincreasingneedsofthelocalgovernmentswhichareshortofmoneyduringtheacceleratingprocessofurbanization.Asaresult,newpatternsoflocalgovernment-backedinvestment&financingunitsareurgentlyneededinordertointegratehigh-qualityresources.Thenewunitsshouldmanageandmakefulluseofoperationresources,qualityassetsandtheinvestmentprojectssothattheunitsshouldopennewfinancingchannelstomeetthefinancialneedsofprojectconstructions,andownqualityassets,stablecashflowandprofitsources,finefinancialimageandthecapabilitytoraisemoneyandoperatenormally.ThepapertakesthegovernmentofXiaguandistrict(Nanjing)forexampletoinvestigatehowlocalgovernmentsbuildandoperatenewmodeofinvestmentandfinancingunitssoastogivesomedirectionsforlocalgovernment-backedinvestmentandfinancingunits.Inthefutureseveralyears,thegovernmentofXiaguanDistrictwillwitnessalarge-scaleconstructionofinfrastructurefacilities,includingrebuildingoldhousesanddevelopingcoastalareas.Basedonthetheoryofpublicgoodsefficiencyandtheempiricalstudyonseveralstate-ownedassetsinXiaguanDistrict,thepaperanalysestheeconomicqualityofinfrastructureconstructionbylocalgovernmentsunderthemarketeconomyinlightofthestate-ownedcorporationmanagementpatternundersocialistmarketeconomy.ThepapertakestheparticularsituationsofXiaguanDistrict,suchaslowusagerateofstate-ownedassets,shortageofmoney,intoconsiderationandputforwardsomemeaningfulopinions,including:makingfulluseofmarketsystem,integratingcurrentresources,multiplyinginvestmentbodyanddiversifyingfinancingways.Furthermore,thepaperdrawsanoutlineforlocalgovernment-backedinvestmentandfinancingunits.Theresearchaimstoexploreanewwaytoreformtheinvestmentandfinancingsystemsoastointegratelocalstate-ownedassetsandbuildnewmodeoflocalgovernment-backedinvestmentandfinancingunits.Keywords:localgovernment,investmentandfinancingunits,XiaguanDistrictofNanjing6!:20101257.....................................................................................................11.1...........................................................................................11.1.1···················································································11.1.2········································································21.2..............................................................................................21.2.1········································································21.2.2·························································51.3...................................................................................61.4.................................................................71.4.1··································································71.4.2··································································81.5............................................................................8...............................................................................92.1.....................................................92.2.....................................................................................102.3.................................................................................112.4..................................................................11..............................................................133.1............................................133.1.1·······························································133.1.2········································143.2....................................143.2.1········································143.2.2········································173.3...........................................................183.3.1··········································································183.3.2··········································································18..........................................................214.1................................................214.1.1············································214.1.2·····································234.2................................................244.2.1········································244.2.2··························28................................305.1................................................305.1.1······································································3085.1.2······································································315.2...........................................................325.2.1···························································325.2.2··············