论文部分内容阅读
目前,尽管已经把“投资体制”扩展为“投融资体制”,但仍然是在项目层次上讲融资。随着电力体制改革的深化和市场主体的完善,必然要求电力投融资体制由项目管理向资本市场管理转变。 电力投融资体制必须进行实质性改革。总体目标应该是建立起针对出资人的资信评价体系,以资信等级为依据,实施对出资人融资能力的宏观调控。 应该放弃项目的行政审批,形成投资决策、资本决策、信贷决策三权鼎立、相互制约、各负其责的投融资格局。同时,要严格金融监管,放松金融准入,严格市场秩序,放松资本管制,培育财务投资者与战略投资者之间良性互动的资金供求机制。
At present, although the “investment system” has been extended to “investment and financing system”, financing is still at the project level. With the deepening of the power system reform and the improvement of the market main body, it is inevitable that the electricity investment and financing system should be transformed from project management to capital market management. Power investment and financing system must be substantive reform. The overall goal should be to establish a credit rating system for the investor, based on the credit rating, and implement the macro-control of the investor’s financing ability. The administrative examination and approval of the project should be abandoned to form a pattern of investment and financing with the three powers of investment decision-making, capital decision-making and credit decision-making in mind and mutual restraint. At the same time, we must strictly regulate financial regulation, relax financial access, strictly enforce market order, relax capital controls, and foster benign and interactive funding supply and demand mechanisms for financial investors and strategic investors.