公共租赁房债券融资模式研究管理科学与工程专业论文.docxVIP

摘 摘 要 随着我国住房保障体系的逐年完善，廉租房、经济适用房建设和棚户区改造 力度的逐年加大，城市低收入群体的住房条件得到了较大的改善。但是，由于住 房保障政策覆盖范围较小，部分城市的商品住房价格高，上涨快。城市中的一部 分非低收入群体出现了住房难的问题。公共租赁房作为国内外广泛采用的住房保 障手段，在解决“夹心层的住房困难方面起到了积极地作用。同时为保证公共 租赁房在全国范围内加快推进，创新性的应用金融工具为公共租赁房的建设提供 稳定可持续的资金支持。 本文首先简要分析国内外公共租赁房建设发展的概况，结合国际上公共租赁 房的融资经验，分析国内公共租赁房融资面临的环境，归纳总结国内现有的融资 渠道的特点及存在的问题。 然后，本文根据公共租赁房作为一种特殊的公用事业项目，具有很强的收益 性，同时投入资金可形成资产的特点。深入探讨和分析利用债券市场拓宽融资渠 道的可行性，在确定的政府公共租赁房建设规模下，设计公共租赁房债券融资模 式的可操作框架，切实有效地提高资金的利用效率。 最后，针对公共租赁房建设管理以“保本微利为原则，借鉴国内外大型建 设项目的融资经验。根据保险资金巨额、长线、稳定的特点，探索实现保险资金 投资公共租赁房债券的运作模式，提高公共租赁房的建设和运营效率。 关键词：公共租赁房；市政债券；企业债券；PPP；保险资金 ABSTRACTWith ABSTRACT With the perfection of Chinese housing guarantee system，the enlargement of the low-rent house and economically affordable house’S construction and the force of shantytowns’transformation year by year，the housing conditions of low-income people have been improved greatly．However，according to the small range of the housing safeguard，some cities’commercial housing price is hi．gh and go witll a increasing rate．A part of the normal-income class in the city has appeared a difficult problem in housing．As a widely used housing guarantee measure in domestic and foreign，the public rental housing has an actively effect on(the apsect of)solving the difficult housing problem of“sandwich layer”．At the same time to ensure the acceleration of public rental house nationwide，the innovative application of financial instruments should offer a stable and sustainable funding support to its construction． Firstly，this paper briefly analyzes the overview of the public rental house’S construction and development in home and abroad，then combines witll the international financing experience of public rental house，and reanalyzes the situation that domestic public rental house financing will be facing，and finally sums up the specialties and existing problems that the domestic financial mediums have nOW． Then，based on treating the public rental house as a special l(ind of public project program，the public renta