The Research On Risk Management Of BOT Project Financing

The project financing of BOT is regarded as an important branch of the international finance, which has already developed into a successful and ripe means day by day for construction of large-scale project in the past 30 years. Different from traditional financing which depends on the company's credit and comprehensive debt depend repaying ability of the creditor and comprehensive debt repaying ability of the creditor, the fundamental features of the project financing are "project lead "and "risk allocation". Project financing regards the economic intensity of the project itself as a primary consideration in order to determine whether to loan or not. Bank who loans aims to control and efficient effect, regarding project financing as a whole process in the operation of the project, and can design various financing structures according to the characteristic of the project, so as to meet different demands of project investors (debtor), and make some projects which are unable to acquire loan funds under the traditional financing terms can be developed through project financingThis text carries on deeper study through the analysis of the financing process and the particular risk to project financing process and particular risk to project financing of BOT, puts forward some common methods of take precaution and dissolve financing risk in the process of financing of BOT and proposes some consideration under the basic situation of the current society and the national conditions reduce the risk of project financing of BOT through the complete laws and regulations system, strengthen the conditions of success of the project financing of BOT through striving for the support of the government.This composition uses the research approach of integrate theory with practice pays attention to combine the present Chinese reality closely, and contacts the risk characteristic of project financing of BOT, combines macroscopic and microcosmic thinking, generality with specialty, uses relevant principles of the economics finance, analyses the stage circumstance and the characteristic of the risk of the project financing of BOT, and uses models to carry on research creatively, proposes the countermeasure andthinking risk management of project financing of BOT, these are of great theory value and current significance to utilize project financing of BOT in building public infrastructure to our county smoothly, developing socialist market economy, and promoting the overall national strength.