随着社会主义市场经济体制的确立,加快了公路交通投融资体制的改革,特别是证券市场的不断发展,国家明确鼓励支持交通、能源等基础设施项目采取股份制方式发行股票筹集资金,这为高速公路行业推行股份制创造了良好的政策环境。从此高速公路股份制企业就像雨后春笋般产生于神州大地,高速公路建设增加了通过发行股票进行股权融资的渠道,而且受到了企业的特别青睐。那么,为什么高速公路企业热衷于股权融资;股权融资的劣势如何,高速公路上市公司将怎样选择。本文将此做些探讨。 一、我国高速公路的发展及股权融资的情况 With the establishment of the socialist market economic system, the reform of highway traffic investment and financing system has been accelerated, especially the continuous development of the securities market. The state explicitly encourages the support of traffic, energy and other infrastructure projects to issue shares by way of a joint-stock system to raise funds for high-speed The implementation of joint-stock system in the highway industry has created a good policy environment. Since then, the shareholding enterprises of the expressway have mushroomed in the vast land of China. The construction of expressways has increased the channels of equity financing through the issuance of stocks, and has been especially favored by the enterprises. So, why highway companies are keen on equity financing; equity financing of the disadvantaged, highway companies will be how to choose. This article will do some discussion. First, the development of China’s highway and equity financing situation