A Study On Qingdao Port Construction Investment And Financing Model

As the core port of Bohai ports group in china, Qingdao port is built and developed in recent years. As the same time, Qingdao port faces the problem that speed of construct is far behind increase of port capacity scale. It is also the key factor that restricts other coastal ports realize the great-leap-forward development, which is mainly caused by the serious lack of capital. If we can't solve the lack of construction capital, it will restrict the development of ports economy, even of the whole nation economy. The purpose of this paper is to provide some useful suggestion to better carry out the work of ports investment and financing model and provides a reference to other ports in our country through the study of theories.So surround central issue of the investment and financing model about Qingdao port,by the use of systems analysis,statistics analysis,precedents analysis,quantitative analysis,The paper unfolds the following studying:Firstly,on the basis of the professional theory of Public Goods theory,we can ascertain that ports are Quasi-public Goods, and point that port may reach maximum efficiency just according to Quasi-public Goods basic law. It decides the government is necessary to be port construction major investor. With the development of Natural Monopoly theory, we can find that the monopoly character of ports is being weakened gradually. State-owned enterprise's monopoly has rationality in economy no longer. More enterprise and private capital may enter the port construction field. Therefore the investment and financing model of the port construction must trend to diversify. Through the theory of possibility of selling port, we can find that the private capital running after high bring back a report rate is attracted in the process of investment and financing of port construction. The paper has explained the investment and financing relevance concept of port construction and summed up characteristic of investment and financing in port construction. And have summed up the three main kinds investment and financing model of port construction in the word.The paper introduces current situation of Qingdao port construction. Prediction of Qingdao port capacity scale in the future by Exponential Smooth, with the prediction and plans of Qingdao port development, finds that the international communication and international trade will be more frequent. So the throughput of ports and will accordingly increase more, and the contradiction with the handling capacity is day by day obvious, which is mainly caused by the serious lack of capital. Sums up the characteristic of investment and financing model of Qingdao port construction and point the problem exists in the model. Points that the limitation of investment and financing model will hinder Qingdao port to develop in the future. Under this background, how to innovate investment and financing model of Qingdao port becomes a problem demanded prompt solution.To solve this problem , the paper learns from the successful experience of foreign country port in investment and financing model, such as Singapore,Hong Kong,Japan,the USA and Holland. Conforming to developing trend and unionizing reality of Qingdao port, the paper sums up the enlightenment of how to innovate investment and financing model of Qingdao port.In the basis of analysis above, we can make use of current opportunity of innovate investment and financing model of Qingdao port. We can choose the investment and financing model according to port infrastructural facilities character classify. Public good facilities chooses the finance investment and financing model, manage infrastructural facilities chooses the government, enterprise and private capital blend the investment and financing model, manage facilities chooses the diversification investment and financing pattern. According to the characteristic of manage facilities, we can choose the investment and financing mode of landlord port,equity financing model,project financing model and privatization. Depend on macroscopic view and microcosmic ensuring, we get investment and financing model fit for our country's ports in the future.In the basis of Public Goods theory,Natural Monopoly theory and the theory of possibility of selling port,the paper analyzes possibility of the various capital enters port construction. The paper analyses port construction and investment and financing model of capital market, researches to investment and financing model of port construction from a new kind of visual angle. Therefore this paper has an important theoretical value. The paper analyses the possibility and feasibility investment and financing mode of landlord port,equity financing model,project financing model and privatization to Qingdao port, so it also has a high practical value.