5-旧城改造项目融资模式研究

2012 年 11 月
Thesis Submitted to Hebei University of Technology for The Master Degree of Technology Economy and Management
THE RESEARCH ON URBAN REDEVELOPMENT PROJECT FINANCING MODE
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学 位 论 文
旧城改造项目融资模式研究
齐建敏
指导教师姓名：陈敬武 申请学位级别：硕
教 授
河北工业大学 技术经济及管理
士
学科、专业名称：
论文提交日期： 2012 年 11 月 学位授予单位：
论文答辩日期: 2012 年 12 月
河北工业大学
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I
旧城改造项目融资模式研究
THE RESEARCH ON URBAN REDEVELOPMENT PROJECT FINANCING MODE
ABSTRACT
In recent years, urban renewal rapidly all over in a boom. The scene of urban renewal project can be seen every where. The urban renewal project's financing problems has become a key issue of the entire transformation process for it’s complexity , demolition difficult, high-risk, large-scale capital requirements. According to the study of urban renewal in the aspect of the development, operation mode and financing, It is summed up that the different nature of urban renewal should have unique development and runtime mode .Bank loans is the main form of urban renewal financial. Certainly there is a small amount of project financing mode, but for it’s lack of the system of scientific evaluation and decision, most for pat forehead behavior. It is proposed the decision making system which “split-combination” design financing mode ,quadrant angle method, and using the SWOT method combined with AHP Analytic Hierarchy Process filter the mode of urban renewal project financing ,on the basic of analyzing the development and the financing Status quo of the urban renewal project and the theoretical of project financing. The SWOT and AHP initial indicators system of urban renewal project financing model evaluation is designed on the basic of the evaluation of the financing mode of predecessors. Then the final SWOT and AHP index system are determined though the questionnaire and SPSS statistical analysis software. The urban renewal project financing are initially evaluationed by using the SWOT method, then the mode of financing in the same quadrant are ultimate chose by using AHP method. The risk was defined from the selection process of financing model and the process of financing .Appropriate prevention and control measures should be taken for the two phases. Finally, the combination of urban renewal project financing evaluation and risk control analysis are used in a city in the shanty town reconstruction project financing, the financing mode evaluation system and risk control is proved reasonable and effective. It is benefit to solve the financing problem of urban renewal by using the ideological of Split combination and the method of SWOT the AHP to design and choose financing model. KEY WORDS:urban renewal;combination financing;SWOT azimuth;financing select risk
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河北工业大学硕士学位论文
目 录 第一章 绪论 ·····································································································································pervisor: Prof Chen Jingwu
November 2012
河北工业大学硕士学位论文
旧城改造项目融资模式研究 摘 要
近年来城市更新在各地迅速掀起热潮，随处都能看到旧城改造项目的影子。由于旧改 项目一般都比较复杂，拆迁困难，风险高，资金需求规模大，融资问题就成了整个改造过 程的关键问题。 文章通过对我国旧城的改造，开发和运行模式以及融资现状的研究，总结出不同性质 的旧城改造项目要有其独有的开发和运行模式，不同的开发和运营模式对旧改融资模式的 选择也会产生相应的应的影响。此外我国目前旧城改造项目融资多为银行贷款形式，虽出 现了少量的项目融资模式，但在模式的选择过程中缺少科学的评价决策体系，多数为拍脑 门行为。本文在结合我国旧城改造的现状以及项目融资的相关理论基础上提出将旧城改造 项目进行拆分组合设计融资模式，利用 SWOT 象限角法结合 AHP 层次分析法组合和筛选 旧改融资模式的方法。在前人关于融资模式评价指标的基础上设计旧改融资模式评价 SWOT 和 AHP 初始指标体系， 通过调查问卷和 SPSS 统计软件分析来确定最终 SWOT 和 AHP 指标体系，然后再运用 SWOT 方法初步确定旧改组合融资模式，对处于同一象限的融资模 式再运用 AHP 方法终选。论文还从旧改项目融资过程以及旧城改造组合融资模式选择过 程两个方面来定义旧城改造项目融资风险，针对两个阶段要采取相应的防控措施。最后结 合某市棚户区的改造项目融资过程对上述旧改组合融资评价及风险控制进行例证分析，案 例分析结果证明本文设计的融资模式评价体系和风险控制是合理有效的。 运用拆分组合思想及 SWOT 结合 AHP 方法筛选设计融资模式，既有助于解决目前旧 改项目面临的融资难问题，也有利于融资模式决策的科学性，通过 SWOT 结合 AHP 方法 能够进一步确保旧改融资模式的适用性。 关键词：旧城改造，组合融资，SWOT 方位角，模式选择风险
§1-1 研究背景与意义 ··································································································································· 1 1-1-1 论文研究背景 ···························································································································· 1 1-1-2 论文研究的目的························································································································· 1 1-1-3 论文研究的意义························································································································· 2 §1-2 国内外研究综述 ··································································································································· 2 1-2-1 国外文献综述 ···························································································································· 2 1-2-2 国内文献综述 ···························································································································· 3 §1-3 研究内容与方法 ································································································································· 3 1-3-1 研究目标 ···································································································································· 3 1-3-2 研究内容 ···································································································································· 4 1-3-3 研究方法 ···································································································································· 5 §1-4 论文创新点 ············································································································································ 5