| There are ecological, economic and social benefits of forest. Forestry not only is the main board of environmental balance,but also is the important basic industry department. In early 2003, the newest round of forestry rights'reform of which Fujian province is as the first pilot province practices"the rights confirmation","certification", " package reform " and the other related reform measures, basically achieves the reform goal, as a clarity of ownership, relaxation of the operating right, implementation of the disposal right and guarantee of the earnings'right. To develop commercial forest fully plays an important role in mobilizing the forces of various social sectors to take part in forestry construction, speeding up forestry development by leaps and bounds. As one of the most important and dynamic component of production factors, capital puts into producing operation in the sustainable development of forestry activities, and is one of the important factors whether it can achieve its operation objectives. For Fujian Forestry after the newest round of forestry rights'reform, it not only has the natural advantages in all aspects of forestry production and development, also has a series of difficulties and challenges, of its related problems, the funds shortage problem is particularly concerned. Therefore, the basic starting point of this study are: First, in the situation of the newest round forestry rights'reform, to analyze the factors of the operating funds raising of commercial forests; Second, to prove their the degree of correlation coefficients between funds raising factor and the various factors by the field research and survey data, to calculate the coefficients to form the conclusion of the study and to propose the according measures.There are the basic starting points in the thesis: firstly, in the situation of the newest round of forestry rights'reform, analyzing the factors of commercial forest fund raising; proving the relevance of the funding factors by the researching data. The paper has six chapters totally, which is divided into three parts in accordance with the internal logic relations:The first part includes the first chapter and the second chapter. The first chapter introduces the researching background, the researching significance and the research situation at home and abroad. The second chapter simply analyzes the development situation and the overview of the newest round of forestry rights'reform of commercial forests in Fujian province. The paper first explains some basic overview of the commercial forests and the newest round of forestry rights'reform, first describes the characteristics and current situation of commercial forests. Specially highlights the problem of operating funds shortage in commercial forest management, points out insufficient funds is one of the main problems of the forestry development after the newest round of forestry rights'reform in Fujian Province. Basing on the front content, then explains the related issues of the newest round reform of forestry rights, including the concept of forestry rights, the main elements of the forestry rights'reform, as well as the effectiveness of the forestry rights'reform, and it also has the focused analysis of"the rights confirmation","certification", " package reform " and the other related reform measures, as well as the achievement of forestry rights'reform.The second part mainly includes the third chapter and the fourth chapter, is the main part of the paper. From the perspective of norms and empirical research, analyzes the major factors of commercial forest fund raising after the newest round of forestry rights'reform. The third chapter is in accordance with the ideas of norms research, theoretically analyzing and demonstrating the several major factors which may have an impact on commercial forest fund raising after the newest round of forestry rights'reform, they include commercial forest's characteristics, the cost of fund raising, the rate of investment return, policy environment factors for fund raising, mortgage and guarantee factors as well as annual income of farmers and so on. Basing on the front content, the fourth chapter mainly takes Youxi Sanming, Fujian Province as an example, through a questionnaire survey, combined with the necessary field surveys to further empirically analyze the commercial forest fund-raising factors after the newest round of forestry rights'reform. Primarily using the stepwise regression method, with the data collection of statistics from the questionnaire, to analyze the related degree between commercial forest fund raising and the various factors and to calculate the correlation coefficients, then to form the conclusion that: in Youxi, Sanming City, Fujian Province, the easy and difficult degree of forestry right'mortgage loans takes the most important part in the commercial forests fund raising, followed by these factors as the acres of commercial forests (operating scale), the operating cycle of commercial forests, the possibility of the debtor repaying the loan as scheduled, annual income of farmers, the investment return rate of commercial forest. On the basis, the article also carries out a qualitative analysis to have the further conclusion: commercial forest fund raising and the easy and difficult degree of forest right'mortgage loans, the acres of commercial forests (operating scale), operating cycles, the possibility of the debtor repaying the loan as scheduled, annual income of farmers, the investment return rate of commercial forest these factors have a significant correlation. Forestry right'mortgage loans takes the most important part in the commercial forests fund raising, after the newest round reform of the forestry rights in Fujian Province, forestry right'mortgage loans is a new way of fund raising, formed basing on the rights confirmation after the newest round reform of the forestry rights, it also is the package reform measure which is promoted and has already achieved initial results in the newest round reform of the forestry rights. The above conclusions, also reflects that the newest round reform of the forestry rights is successful from the other side.The third part mainly includes the fifth chapter and the sixth chapter, the fifth chapter basing on the conclusions of the second part, makes some policy recommendations accordingly. That is, by the further deepened relevant set reform to solve the insufficient operating funds problem existing currently, specifically includes, first, improving the management and services mechanism of the forestry rights to actively promote the forestry rights'mortgage loans, then to innovate the forestry credit model and to improve the forestry credit mechanism continually; Second, it is necessary to promote forest resources flowing voluntary, orderly after the newest round reform of the forestry rights, in order to achieve scale management of the forest, then in order to achieve scale economies and effective upgrade of forest management efficiency; Third, according to the relevant provisions and the allowed range of the law and policy, appropriately extends the contract period of forest property rights, thereby enhances the confidence and determination of the parties to invest in forestry to finally realize the sustainable development of forestry. The sixth chapter is a summary of the article, puts forward a number of research findings and the problem needed the future research in depth.The existing research results lack a comparative systematic and comprehensive summary to financing mechanism in the mortgage and loan of commercial forest, this thesis establishes the corresponding theory frame and the models; with the development phase and development tendency of system reform of forestry property right, it foresightedly discusses the main factors of commercial forests'fund raising; concludes that the easy and difficult degree of forestry rights mortgage loans is the most important factor of commercial forest fund raising, these researching conclusions are different to the previous studies, then has a certain reference for operating fund raising of the farmers and the related policies and regulations formulation of the government. |