面对PPP项目融资难,管理层出台了大量的约束性政策,但着眼点更多还是以规范项目的名义,让社会资本承担更多的项目风险,而金融机构和社会资本最为关注的、确保项目稳定运营的必备条件——PPP项目的基础制度、限制政府干涉PPP项目的“权力清单”和政企合作的边界划分并没有规范出来。殊不知,PPP项目的最大风险其实不是市场风险,而是基础制度缺失、合作双方的合作规则不清晰稳定,特别是面对强势的、既是合作伙伴又是监管部门的地方政府,若没有权威的约束规范,社会资本和金融机构对PPP模式是深有疑虑的。 Faced with the difficulty of financing PPP projects, the management issued a large number of restrictive policies, but the focus is more on the name of the standardized projects, so that social capital can bear more project risks, and financial institutions and social capital are the most concerned and ensure that The prerequisites for the stable operation of the project—the basic system of PPP projects, the “power list” that restricts government intervention in PPP projects, and the border division of government-enterprise cooperation are not standardized. As everyone knows, the biggest risk of PPP projects is actually not market risk, but the absence of basic systems and the unclear and stable cooperation rules between the two parties, especially in the face of a strong local government that is both a partner and a supervisor, if there is no authoritative constraint. Norms, social capital and financial institutions are deeply doubtful about the PPP model.