【作者】 刘杰；

【导师】 张维达；

【作者基本信息】 吉林大学 ， 国民经济学， 2006， 硕士

【摘要】 本文首先介绍项目融资的内容、特点与功能，揭示其在能源及基础设施建设方面发挥的巨大作用。并根据其融资的特点，进行应用到工业项目中去的探索。文章分析项目融资在大型工业项目中应用所面临的风险，运用科学的项目风险分析方法，提出项目融资在大型工业项目中成功的基本条件。阐明运用法律和信用手段降低融资风险的办法，并提出对项目进程和项目发起者进行严格监控的主张，为项目融资应用范围的进一步扩展打下理论基础。本文试图用项目融资的方式解决我国某些重要工业领域资金严重不足的问题，达到国家、银行、企业三赢的目的。文中在进行理论研究并实例分析北车唐山高速轮轨动车项目后，得到了确切的肯定结果。更多还原

【Abstract】 In the paper, theoretical probe of and case study on application of project financing to large industrial project is made on the basis of analysis on the content, characteristic, function and traditional application scope of project financing, in order to resolve shortage of capital faced by large industrial project, and search for a development way that is beneficial to state, enterprise and bank.1. Summary of project financingProject financing means that when a specific economic entity is provided with loan, the lender takes the cash flow and income of the economic entity as the fund source for amortization of loan, and takes the assets of the economic entity as the guaranty of the loan. Project financing has following characteristics: (1) The project itself could be clearly defined and the project investor would bear limited liability; (2) The project risks would be shared by the project founder, accommodator and other participants; (3) The function of financing is great; (4) The cash flow of the project itself is the main basis for repayment of the loan and the assets of the project should be taken as the mortgage of the loan; (5) In project financing, limited recourse is adopted; (6) Project finance is a kind of off-balance-sheet financing. By means of non-company liabilities financing the company could put more investment into a project, exceeding its own limited finance resources; (7) Versatile and flexible credit structure.Project finance has been used in resources development project and infrastructure construction projects in China, and has been proved successful.2. Analysis on application of project financing to large industrial sectorsIn China, computer industry, airplane and aerospace industry, large scale and very large scale integrated circuit industry, precision-machined tool industry and machinery manufacturing industry all belong to large industrial sectors. The basic characteristics of these industries are that the equipments and productive technology are based on advanced scientific and technological basis, labor productivity is higher, products are complicated in technical performance and quickly upgraded and updated, and they are fund-intensive enterprises. Since the stock and securities market in China are not well developed, therefore indirect financing way has to be adopted, besides traditional bank financing and更多还原