债券质押贷款是一种政府以公债质押获得银行贷款的融资方式。它成为吸引南京民国政府时期华资银行向铁路放款和投资的有效模式,代表近代铁路融资方式的重大转变。浙赣铁路是这种转变的起点和蓝本。在这条铁路的建设过程中,华资银行逐渐形成了以债券质押贷款为主的投资规模大、风险防范机制完备的铁路放款和投资模式。 Bonds Pledged Loans are a form of financing that a government pledges to obtain a bank loan. It became an effective model for Chinese banks to lend money and investment to the railway while attracting the government of the Republic of China, representing a major change in the financing mode of modern railways. Zhejiang-Jiangxi railway is the starting point and blueprint for this change. During the construction of this railway, the Chinese-funded banks gradually formed a railway loan and investment model with a large investment scale and a complete risk prevention mechanism based on bond pledged loans.