常熟市城市建设投融资模式研究

上海交通大学硕士学位论文常熟市城市建设投融资模式研究姓名：王曦申请学位级别：硕士专业：公共管理指导教师：顾孟迪20070611RESEARCHFORINVESTANDFINANCEMODEOFCHANGSHUURBANCONSTRACTIONABSTRACTThearticlethoroughlyanalysestheproblemsexistinworkingininstitution,workingsystem,investandfinancesystemofChangshumunicipalconstructionbyinvestigatingthestatusaswellasbasicsituationofChangshumunicipalconstructioninvestmentandfinancing.Themainproblemsare:(1)lackofcapitalformunicipalconstrucion.(2)lackofgovermantaladministrativeefficiency.(3)theunsurelawsforinvestmentandfinancingtogetherwiththesimpleinvestandfinancemodeaffectthefinancingstrengthofmunicipalconstruction.Usethesuccessfulexperiencesofinternalandexternalcitiesinreformofinvestandfinancemodeforreference,combinetheactualsituationofChangshu,thearticalshowsitsopinionstothereformofChangshumunicipalconstructioninstituionandworkingsystem.Thatis,toseparatethegovernmentaldepartmentintopartsoflawmaking,decision-making,investment,construction,administration,supervisionandservice,tograduallyformacomplexionthatprople'scongresstomakeandsupervisethelaw,governmenttomakeandrunthedecision,corporationtoinvestandconstruct,theserviceisforcompetition.Intheaspectofmunicipalconstructioninvestandfinancemodereform,thearticlesuggeststodiversifythemaininvestmentbody,tomarkettheprojectmanagement,toseparatethedecision-making,investment,construction,managementandtodecidetheinvestandfinancemodeaccordingtotheprojectmarket.ItalsoputsforwardoptimizedinvestandfinancesystemproposalsforChangshuMunicipalconstructionbycombiningthebasicsituationofChangshucityandanalysestheproblemsandsolutionswhenexecutingtheproposals.Inconclusion,thearticleinvestigatedtheinvestandfinancestatusofChangshumunicipalconstruction,analysedtheexistingproblemsbyfollowingthestepsofdoingresearch-findingproblems-analysingproblems-suggestingsolutionsthenchecking,andfoundawaytosystematicallysolvetheproblemsfromthepointofviewofinstitutionalfunctionreform,systemoptimize,marketprincipalintroduction,rulerelaxation,competitionadvocate.KEYWORDS:Urbanconstraction,Investandfinancemode,majorization.MPA1199018.9%200137.7%2200343%[1][1][M]20045-34.MPA2100MPA3[1],,,[1]Arrow,K.J.andMKurz,PublicInvestment,theRateofReturnandOptimalFiscalPolicy[M],JoinHopkinsPress,Balttimore.1970,23-30.MPA480901998MPA5[1][2]207080[3]BOT(build-operate-transfer),--TOT(transfer-operate-transfer),--ABS(sset-backed-securitization)[1].[M].2003,56-60.[2]D.VittasandA.Kawanra,Policy-basedFinanceandFinancialSectorDevelopmentinJapan[M],paperpresentedattheworldBankSeminaronpolicy-basedFinance,Tokyo.1994,54-63.[3].[M].1998,68-99.MPA6[1][2]1111[1].[M].:200312-27.[2].[M].:200388-99.MPA7SWOTSWOTMPA8[1][1].[J].2001331-35.MPA919861264347104.370111211986402060202006565.165431480.02196.555375843176531.13MPA1010.5211631100MPA112121MPA12200020061005031MPA1320.11%49.36%41.26%53.76%57.91%0%10%20%30%40%50%60%70%80%20012002200320042005317031MPA14313060020031670054.6%60%51070020032150041.6%60%61102004220036.0%60%72002005200027.7%60%:()MPA15MPA16[1][2][1][M].1998,2-6.[2][M].1998,3-5.MPA17MPA18municipalbond[1]abc[1][M]2002,21-24.MPA19[1]BOTBOTBuild-Operate-Transfer[2]BOT[1][M]2002,31-34.[2][M]2002,35-39.MPA20BOTBOTABSABSAssetBackedSecuritization[1]ABSADRADRAmericanDespositaryReciepts[1][M]2002,40-45.MPA21[1]ADRADR1993ADR[1][M]2002,47-51.MPA22200775.5535%20%CBD1.53.5MPA2319853BOTBOT42.319857198735401988-199819968SPV14429.125%1011.5%12ABSABSMPA24,abcMPA25+MPA26*-+MPA27809020012006MPA28MPA29414.141MPA30[1]TODSODAODTOD[1]..:,2003.9-16MPA31MPA3242MPA33BOTBOTBOTABS123MPA34123ABSSPVBOTABS12MPA35345123MPA36SWOTMPA37[1][M]2001.[2][M]2000.[3][M]2004.[4]--[M]2001.[5]:[M]..2003.[6]K.J.[M].:1984.[7][M]2002.[8][M].,2001.[9][J].19831.[10][J].20005.[11][M].,2003.[12].[M]2000.[13]E[M]2001.[14][M].1996.[15][M].1993.[16][M].1998.[17][J].20027.[18][M].2003.[19].[J].19963.[20][J].20013.[21][M].1994.[22][M].2003.[23][M].2004.MPA38[24][M].1998.[25][M].1995.[26][M]2001.[27][M].2003.[28][M].1997.[29][M].2004.[30]Arrow,K.J.andMKurz,PublicInvestment,theRateofReturnandOptimalFiscalPolicy[M],JoinHopkinsPress,Balttimore,1970.[31]D.VittasandA.Kawanra,Policy-basedFinanceandFinancialSectorDevelopmentinJapan[M].TokyopaperpresentedattheworldBankSeminaronpolicy-basedFinance,1994.MPA3911162111311341294232MPA4023114MPA413()2002200320042005%1559393.2590926.5591550.2794044.8151254.6166861.8175322.7221043.598956.5108330.187197.8104376.12309182.1315734.6329029.7468625.2MPA42()200231104200331600200431416200537176MPA43()2002200320042005(%)127732136050134505151756()4534146446490585610711220211602140171602821544175118271954312842138121384715824418453181841914320101530010972242100()8239189604854479564915007571453185402254015758595967523144371641214631154024154717891698268755580159424570476520015580159424570476520026198507794206127732136050134505149865()10984.911700.311567.412738.613765.63958.13875.24095.427219.37742.27692.28643.2()116747.1124349.7122937.6137126.41112947.1116449.7110437.6115126.42380079001250022000MPA44()2002200320042005(%)307663.9316604.4328154.2467631.51199804.5201812.3210041.228980