“一带一路”投融资合作需要宏观机制创新与微观业务模式创新

“The Belt and Road” investment and financing cooperation mechanism needs innovations of macro mechanism and micro business model

"一带一路"战略和国际产能合作的深入实施,将为跨境投融资合作带来巨大潜力。然而,"一带一路"合作项目大多投资庞大、投资周期长、涉及跨境合作、项目结构复杂,金融机构参与"一带一路"建设相对滞后,迫切需要创新金融环境,提高投融资领域的创新开放水平。通过全面梳理"一带一路"投融资合作中宏观和微观两方面的风险问题,相对应地可发现一些改革创新途径:在宏观机制方面,建立健全对话协调机制,支持中外经济合作园区建设,打通境内外债券市场,改革创新金融机构风险防控机制;在微观业务模式方面,大力发展PPP业务模式,加强多元化投融资结构设计,开展跨境资产证券化业务,创新风险管理渠道。

The further implementation of 'The Belt and Road'strategy and international capacity cooperation will bring the huge potential for the cross-border investment and financing cooperation.However,the cooperation projects under 'The Belt and Road'strategy are huge financially,have long investment cycle,involve in cross-border cooperation and complex project structure,with financial institutions and lagging behind to participate,there is an urgent need to innovate the financial environment,and improve the innovation and open levels of investment and financing.Through combing risks in macro and micro two aspects in'The Belt and Road'investment financing cooperation,we can correspondingly discover reform and innovation ways:in macro mechanism,establishment and improvement of dialogue and coordination mechanism to support the construction of Sino Foreign Economic Cooperation Zone,connect the domestic and foreign bond markets,reform and innovate financial institutions risk control mechanism;in the micro business model,the development of the PPP businessmodel,strengthening multiple structure design of financing and investment,to carry out crossborder asset securitization and innovate risk management channel.