城投再来:城投企业的转型路径

Comes Again: The Transformation Path of Urban Construction Investment Company

城投企业在20多年的发展历程中,以“半官半商”的独特身份,承担了基础设施项目投融资主体和地方政府融资平台的功能,是我国经济发展与城镇化率直线提升的重要推动力量。新时期,城投企业迎来历史性变革,从融资平台角色转型升级成为市场化主体,面临困难与挑战。要深入剖析其前世今生、不断变化的宏观政策及发展规律,通过重新定位政企关系、发展混合所有制企业、推进运营模式创新以及聚力挖潜降本增效等路径,实现国有资产经营模式创新。

In the course of more than 20 years of development,the urban construction investment company has played an important role of investment and financing of infrastructure projects and the financing platform of local governments with the unique identity of“half-government-half-business”,serving a pivotal role for the rapid development of China's economic development and urbanization.In the new era,urban construction investment company have ushered in historical changes,from the transformation of the role of financing platform to the main body of marketization,facing difficulties and challenges.Therefore,it is necessary to deeply analyze its past and present,changing macroeconomic policies and development rule.Through the reorientation of government-enterprise relations,the development of mixed-ownership enterprises,the promotion of operational model innovation,and tapping-potential reducing-cost increasing-benefit,the state-owned asset business model innovation will be realized.