基于“一带一路”的金融创新及发展建议  

Financial Innovation Based on “One Belt and One Road”and the Development Recommendations

作　　者：申景奇[1,2] 

机构地区：[1]北京大学光华管理学院 [2]北京市民建金融委员会

出　　处：《全球化》2015年第11期77-87,119,共12页Globalization

摘　　要："一带一路"作为一项浩大的战略工程,离不开强有力的金融支持,运用目前传统金融模式推进项目,还存在较突出的问题。经过论证,本文提出基于"一带一路"的金融创新之PPP私募股权基金模式,该模式能更好地综合市场与计划的经济效率,兼顾发挥"一带一路"实践过程中政府指导作用、紧密更多民营资本参与项目建设;在一定程度上有利于保障"一带一路"专项资金的有效运作、民营资本的投资回报,形成政府、平台和民营"多赢"的合作局面;有利于在国内外参与"一带一路"建设多层面资金主体共同参与的前提下,解决项目资金的分步投入、分阶段管理、分层次回报、分主体量化等问题。最后,提出了基于"一带一路"的金融实践发展建议,包括合理安排"一带一路"项目节点、平衡项目区域协调发展及实现金融创新为先导等。As a huge strategic project,the implementation of one belt and one road is inseparable from strong financial support,there are still many prominent issues while promoting the projects with the traditional financial model.After argument,this paper puts forward PPP private equity fund model,one of the financial innovations based on the one belt and one road.This mode can be better integrated economic efficiency of market and plan,taking into account the guiding role of government during the course of implementation of one belt and one road,attracting more private capital involved in the construction of projects;help protect effective functioning of one belt and one road special funds and investment returning of private capital to some extent,and achieve the 'win-win' cooperation situation of the government,platforms and private capital;help on the premise that domestic and international multidimensional fund subjects participating the one belt and one road construction participate jointly,solve problems such as investment step by step,grading management,returning by different levels,quantification according different subjects.Finally,the paper puts forward the development recommendations based on the one belt and one road financial practice,including reasonable arrangement of project nodes,balanced and coordinated development of regional projects,and realization of financial innovation as pilot.

关 键 词：“一带一路”私募股权基金公 私合营 

分 类 号：F125[经济管理—世界经济] F832