国开吉林公司哈达湾项目融资问题探究

　　摘 要

　　吉林市哈达湾老工业区是在国家“一五”时期形成的，以造纸厂、水泥厂、碳素厂、铁合金厂为主，区域内工业企业生产污染非常严重。随着时间的推移，经济的发展，哈达湾老工业区渐渐演变为了城市核心，它的存在，对区域内居民的生活造成极大影响，同时也不利于松花江流域环境保护，阻碍了吉林市城市发展，已不符合吉林市城市发展的要求，急需改造。

　　2003 年，国家实施振兴东北地区等老工业基地战略正式启动。2009 年 11月，长吉图开发开发先导区建设上升为国家战略，吉林市政府紧紧依托国家振兴东北老工业基地和长吉图开发开放先导区建设的有利契机，于 2010 年成立了吉林市城建发展有限公司，负责哈达湾老工业区整体搬迁改造工程。国家开发银行与吉林市政府在资金和政策方面给予了项目大力支持，国开行组成 74 亿元银团贷款，用于哈达湾老工业区项目改造。但项目实施后，仍遇到了各种问题，最主要的问题就是资金超出概算严重，资金缺口巨大。如何扩大融资渠道，给予项目足够的资金补给，成为了哈达湾项目急需解决的首要问题。本文通过对国开吉林公司和哈达项目现状、存在的问题和将来的发展建议进行了全面分析，试图制定出适合国开吉林公司哈达湾老工业区改造项目的融资策略。

　　本论文共分为四个章节，第一部分主要介绍该论题的研究背景、研究意义与研究方法和内容。第二部分首先介绍了国开吉林公司和哈达湾老工业区的整体状况，然后对项目融资现状及存在问题进行了分析，找到项目目前面临的主要困难。第三部分通过对项目外部环境和公司三年财务报表进行分析，用 SWOT模型列出了项目存在的优势、劣势、机会和威胁，为找出解决方法，制定融资策略做好铺垫。第四部分首先阐述了项目融资策略制定的基本思路，然后结合项目存在的困难和项目自身特点制定出适合项目的融资策略，最后阐述了项目融资策略实施的保障措施。

　　本论文旨在通过对国开吉林公司哈达湾老工业区改造项目进行研究和分析，制定出符合老工业区搬迁改造的特定融资策略，保证项目的顺利实施，为吉林市环境改善和经济发展做出应有的贡献。

　　关键字：老工业区 搬迁改造 融资策略

　　Abstract

　　Jilin Hadawan old industrial areas in the country, “fifteen” period formed topaper mills, cement plants, carbon plant, ferroalloy plant-based, industrial productionand pollution in the region is very serious. Over time, economic development,Hadawan old industrial area gradually evolved to the urban core, it's there, causegreat impact on the lives of residents in the region, while not conducive to theSonghua River Basin Environmental hampered Jilin urban development, has not meetthe requirements of urban development in Jilin City, in urgent need of renovation.

　　2003, the implementation of the strategy to revitalize the old industrial bases innortheast China and other officially started. November 2009, Changjitu DevelopmentDevelopment Pilot Zone rose to national strategies, Jilin city government firmlyrelying on the revitalization of northeast old industrial base and the development ofopen Changjitu pilot zones favorable opportunity, set up in 2010 in Jilin City UrbanConstruction development Co., in charge of the old industrial area Hadawan overallrelocation renovation project. China Development Bank and the Jilin municipalgovernment in terms of funding and policy support given to the project, consisting of7.4 billion yuan CDB syndicated loan for the project Hadawan transformation of oldindustrial areas. However, after implementation of the project, encountered variousproblems, the main problem is funding beyond the budget for the serious, a hugefunding gap, how to expand financing channels, give the project sufficient capitalsupply, has become a primary issue Hadawan items need to be resolved. In this paper,CDB Jilin company hada project status and existing problems and future developmentproposals to conduct a comprehensive analysis to try to find a suitable opening in thecountry's financing strategy Jilin Hadawan project through.

　　The paper is divided into four chapters, the first part introduces the topic of theresearch background, significance and research methods and content. The second partintroduces the country for the company and the overall condition of Jilin Hadawanold industrial areas, then the status of project financing and problems were analyzedto find the project is currently facing major difficulties. The third part of the projectby the external environment and the financial statements of the company for threeyears were analyzed using SWOT model lists the items the strengths, weaknesses,opportunities and threats to find solutions, to develop financing strategies pave theway. The fourth part describes the basic idea first project financing strategyformulation, and then combined with the existence of the project and project theirown characteristics difficult to work out suitable project financing strategy, andfinally elaborated safeguards project financing strategy implementation.

　　This paper aims to open the country's Jilin Old Industrial Area Project Hadawanresearch and analysis to develop a financing strategy in line with the specificrelocation and reconstruction of old industrial areas, to ensure the smoothimplementation of the project for Jilin environmental improvement and economicdevelopment due contributions.

　　Keyword:Old industrial areas Relocation Financing Environment

    目 录

　　摘 要……I

　　第 1 章 绪论……1

　　1.1 研究背景 ……1

　　1.2 研究意义 ……2

　　1.3 研究方法与内容 ……3

　　第 2 章 国开吉林哈达湾老工业区改造项目融资现状及存在问题……4

　　2.1 国开吉林公司概况 ……4

　　2.2 哈达湾老工业区改造项目融资现状……6

　　2.3 项目融资存在的问题……13

　　第 3 章 国开吉林公司哈达湾老工业区改造项目融资环境分析……17

　　3.1 国开吉林公司哈达湾老工业区改造项目融资外部环境分析 ……17

　　3.2 国开吉林公司内部财务分析……19

　　（1）资产负债情况……19

　　3.3 国开吉林公司哈达湾老工业区项目 SWOT 分析……24

　　第 4 章 国开吉林公司哈达湾老工业区改造项目融资策略设计及保障措施 ……29

　　4.1 项目融资策略设计的基本思路……29

　　4.2 项目融资策略设计 ……30

　　4.3 项目融资策略实施的保障措施……38

　　结 论……41

　　参考文献……43

　　致 谢……45