資源描述：
《礦產(chǎn)資源儲(chǔ)量論文：礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化融資研究》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫(kù)。
1、礦產(chǎn)資源儲(chǔ)量論文：礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化融資研究【中文摘要】貴州雖然是礦產(chǎn)資源大省，礦產(chǎn)資源優(yōu)勢(shì)顯著，但同時(shí)也存在著資源優(yōu)勢(shì)難以向資金優(yōu)勢(shì)、經(jīng)濟(jì)優(yōu)勢(shì)轉(zhuǎn)化的問(wèn)題。為了有效解決這一問(wèn)題，本文從礦產(chǎn)資源儲(chǔ)量的資產(chǎn)屬性出發(fā)，運(yùn)用資產(chǎn)證券化原理進(jìn)行礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化設(shè)計(jì)，拓寬礦山生產(chǎn)企業(yè)的有效融資渠道，推動(dòng)礦業(yè)經(jīng)濟(jì)有序發(fā)展，從而助力黔中經(jīng)濟(jì)區(qū)建設(shè)和“工業(yè)強(qiáng)省”戰(zhàn)略。本文的主體研究結(jié)構(gòu)如下：首先，詳細(xì)研究了礦產(chǎn)資源儲(chǔ)量的資產(chǎn)屬性，并從融資者、投資者及信息不對(duì)稱等角度對(duì)礦產(chǎn)資源儲(chǔ)量資產(chǎn)實(shí)施證券化的動(dòng)力進(jìn)行了分析；其次，依據(jù)資產(chǎn)證券化原理，從現(xiàn)金流、資產(chǎn)同質(zhì)性、資
2、產(chǎn)抵押變現(xiàn)等方面論證了礦產(chǎn)資源儲(chǔ)量資產(chǎn)適合證券化；再次，創(chuàng)新設(shè)計(jì)了礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化SPV模式，提出了四種可供礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化運(yùn)用的SPV模式，其中分析得出國(guó)內(nèi)SPT模式應(yīng)是現(xiàn)階段的最佳選擇；最后，根據(jù)礦產(chǎn)資源儲(chǔ)量的勘探程度把礦產(chǎn)資源儲(chǔ)量劃分為四類，并通過(guò)對(duì)礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化的風(fēng)險(xiǎn)隔離機(jī)制和信用增級(jí)機(jī)制進(jìn)行分析，選用從屬參與模式實(shí)現(xiàn)風(fēng)險(xiǎn)隔離。依據(jù)礦產(chǎn)資源儲(chǔ)量可信度的高低發(fā)行最優(yōu)、次優(yōu)和垃圾債券。通過(guò)特殊載體對(duì)礦產(chǎn)資源儲(chǔ)量可信度高的債券全部向投資者發(fā)行，對(duì)可信度低的采用余額包銷方式向投資者發(fā)行。隨后，通過(guò)對(duì)礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化過(guò)程中所涉及
3、的重要因素的分析，提出了評(píng)價(jià)證券化融資效率的礦山建設(shè)和開(kāi)發(fā)的經(jīng)濟(jì)評(píng)價(jià)模型及資產(chǎn)支持債券定價(jià)模型。實(shí)施礦產(chǎn)資源儲(chǔ)量資產(chǎn)證券化，能為像貴州這樣的既有豐富的礦產(chǎn)資源又存在“資金瓶頸”問(wèn)題的地區(qū)找到一條有效的解決“資金瓶頸”問(wèn)題的途徑，也能為今后研究其他資源資產(chǎn)的證券化樹(shù)立一個(gè)范例?！居⑽恼縂uizhouprovinceisrichwithmineralresources,andhasasignificantadvantageinmineralresourcesfield.Meanwhile,thereareadifficultissueinthereso
4、urceadvantagesturntothecapitaladvantageandeconomicadvantagesaspect.Therefore,inordertoeffectivelyresolvethisissue,thispaperproceededfromthepropertiesofmineralreservesassets,usestheprincipleofassetsecuritizationtoimplementthesecuritizationofmineralreservesassets,andbroadentheeffe
5、ctivefinancingchannelsforenterprisesofminingproduction,andpromotetheorderlydevelopmentoftheminingeconomy,whichwillhelptheconstructionofCentralGuizhouEconomicZoneand“theBigIndustrialProvince”strategy.Inthispaper,themainstructureisasfollows:first,westudythepropertiesofmineralreser
6、vesassetsindetail,andanalysisthepowerofimplementingthesecuritizationofmineralreservesassetsfromtheperspectiveofthefinanciers,investorsandinformationasymmetry;second,basedontheprincipleofassetsecuritization,wedemonstratethatmineralreservesassetssuitforsecuritizationfromtheperspec
7、tiveofcashflow,assethomogeneityandassetcollateralrealization;third,wedesigntheinnovativeSPVmodesforthesecuritizationofmineralreservesassets,andputforwardfourkindsalternativeofSPVmodesforthesecuritizationofmineralreservesassets,whichdomesticSPTmodeshouldbethebestchoiceatthisstage
8、;finally,accordingtodegreeofexplorationofminera
