开发性金融支持化解过剩产能思考——以水泥行业为例  

Thoughts on Roles of Development Finance to Curb Excess Capacity——A Case Study of Cement Industry

作　　者：郭愫劼 宿雅娟 Guo Sujie;Su Yajuan

机构地区：[1]国家开发银行北京市分行

出　　处：《开发性金融研究》2020年第5期70-79,共10页Development Finance Research

摘　　要：本文首先分析了产能过剩的含义,总结了我国产能过剩的现状和主要调控政策。政府调控政策取得了显著成效,然而"一刀切"的总量控制虽然可以暂时抑制新增产能,但是效果具有不稳定性。在此基础上,本文进一步以过剩产能重点行业之一—水泥行业为例,使用SCP范式分析行业的市场结构、市场行为和市场绩效,并结合政府政策目标和行业市场特征,探讨了开发性金融作为政府和市场的纽带,助力化解过剩产能的必要性和优势,提出了开发性金融应该以高效率企业为抓手,以提供资金、资源服务为手段,以重点支持优化行业效率的并购和产能"走出去"为路径,助力化解过剩产能。This paper first analyzes the meaning of excess capacity in industries,and summarizes the current situation as well as main regulatory policies on excess capacity in China.Government regulatory policies achieved remarkable effects.However,the result of the sweepingly total-quantity-control approach is unstable,although it could restrain the expansion of production capacity in short term.Based on the mentioned above,this paper further takes cement industry,one of the significant industries with excess capacity,as an instance,and uses the SCP model to analyze market structure,market behavior and market performance in the cement industry.Additionally,through combining government policy objectives with cement market features,we discuss the necessity and strengths of development finance as a bond between government and market,which contributes to resolve excess capacity.We propose that development finance could help to resolve excess capacity in industries by focusing on enterprises with high efficiency,providing capital and resource services,mainly supporting those Mergers&Acquisitions which could optimize industry efficiency,and promoting production capacity to"go global".

关 键 词：过剩产能 开发性金融 SCP范式 

分 类 号：F426.71[经济管理—产业经济] F832