Research On Financing Management Of Harbin West Railway Station And Affiliated Projects Phase â…¡

Harbin West Railway Station and Affiliated Projects is the construction of majorinfrastructure projects, national and local joint venture with typical significance of52.6square kilometers contained within the project development and transformationof the West Railway Station in the renovation and expansion process of the country’smajor cities, its financing management with universal representation.Harbin West Railway Station and Affiliated Projects Phase II financingmanagement for the study were analyzed on the basis of a detailed investigation ofthe status of implementation of a financing needs and solutions, Project Phase IIfinancing needs and financing environment facing, according to the project theexisting financing platform, Harbin Railway Station project Phase II financingoptions, and the safeguards for the financing options. Project an initialimplementation of the country’s financial policy is more lenient financing still thetraditional credit-based, the process of building the national macro-financial policyadjustments, straighten out the government financing platform, the traditional meansof financing obstacles, in order to ensure that the the station project implementation isnecessary to explore new avenues of financing. The design process of the projectsphase II financing options, how innovative financing channels and ways to meet thefinancing needs becomes critical. In this paper, the project can take advantage of thefour financing platform and the analysis of the actual situation of the project, on thebasis of these two sources of financing of the land revenue and bank credit, designed length of integration, project loans and land reserve loans, traditional financingmethods innovative financing channels for a combination of financing options.Design a variety of ways in the the project payment factoring, structured financecredit under short-term financing bills in the short-term financing, to ensure that theproject construction period the financing paragraph peak demand; finance lease in themedium-and long-term financing, design corporate bonds, development of financialcooperation and other means to ensure the sustainable development of the project;according to the progress of the project and the perfect platform asset securitization,long-term means of financing backdoor listing proposal, the goal is directly to thecapital market standards.The design theory and practice level to meet the financing needs of Harbin WestRailway Station and Affiliated Phase II project, the financing of local governmentlarge-scale infrastructure construction and regional development projects with acertain reference and guidance. First, we must make full use of the existing policyenvironment and conditions for innovative financing channels. The second is to try tofoster market-oriented financing platform, to avoid the risk of policy. The long run,should be adjusted to the contradiction between the central and local financialauthority and powers does not match, the establishment of a standardized localgovernment borrowing system and market, in order to avoid systemic risk to thefinancial industry due to the local government debt.