京津冀协同发展的投融资需求分析及相关政策建议

Investment and financing demand analysis of Beijing-Tianjin-Hebei coordinated development and relevant policy recommendations

推动京津冀协同发展是国家的重大战略,核心是有序疏解北京非首都功能,要在京津冀交通一体化、生态环境保护、产业升级转移等重点领域率先取得突破。本文主要分析和估计"区域内发展差距趋于缩小"目标下的投融资需求目标及规划建设雄安新区所带来的投融资需求。按照投资决策主体的不同,京津冀协同发展中的投融资需求可以分为两类:一类是由市场主体发挥决定性作用,与产业转移升级相关的产业类项目投融资需求;另一类是由政府发挥主导作用的基础设施和公共服务类建设项目的投融资需求,其中包括交通一体化项目、生态环境治理和保护项目。从投资环境看,由于投资决策主体性质的不同,上述两类投资面临着不同的挑战和问题。推动京津冀协同发展的投融资政策建议主要有:发挥好政府资金和疏解项目的引领示范作用;动员和规划好不同性质的资金来源;大力推动科技金融和绿色金融发展;支持金融机构加大股权投资比重;不断改善和优化投融资环境。

To promote the coordinated development of Beijing,Tianjin and Hebei is a major national strategy,the core of which is to unlock the non-capital function of Beijing in order,and to make breakthroughs in key areas of Beijing,Tianjin and Hebei including transportation integration,ecological environment protection,and industrial upgrading and transfer.This paper mainly analyzes and estimates the target of investment and financing demand under the target of"regional development gap narrowing"and the investment and financing needs brought by Xiong new area planning and construction.According to different investment decision-making bodies,the investment and financing needs of Beijing,Tianjin and Hebei can be divided into two categories:one are the projects with the decisive role of the market subjects and related to industrial transfer and upgrading,and the other are the infrastructure and public service construction projects with the leading role played by the government,including transportation integration projects,ecological environment governance and protection projects.From the perspective of investment environment,the above two types of investment are faced with different challenges and problems because of the different nature of investment decision makers.The investment and financing policy recommendations to promote the coordinated development of Beijing,Tianjin and Hebei are mainly as follows:giving a full play to the leading demonstration roles of government funds and smoothing projects;mobilizing and planning well the different sources of funds;vigorously promoting the development of science and technology finance and green finance;supporting financial institutions to increase the proportion of equity investment;and constantly improving and optimizing the investment and financing environment.