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Strategic Study of CAE >> 2017, Volume 19, Issue 5 doi: 10.15302/J-SSCAE-2017.05.005

Research on the Investment and Financing Mode of China Railway’s “Go Global” Strategy

1. China Railway, Beijing 100844, China;

2. China Railway Economic and Planning Research Institute, Beijing 100038, China;

3. China Development Bank, Beijing 100036, China;

4. The Export-Import Bank of China, Beijing 100031, China

Funding project:中国工程院咨询项目“中国铁路‘走出去’发展战略研究”(2015-ZD-11) Received: 2017-09-15 Revised: 2017-10-15 Available online: 2017-11-28 13:20:13.000

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Abstract

This paper analyzes the current situation and problems of investment and financing in China Railway's "Go Global" project, and summarizes the investment and financing mode of Japanese overseas railway projects. By analyzing the investment and financing modes of different types of China Railway's "Go Global" projects and markets, this paper points out that the government should provide policy and financial support to the construction of railway projects in underdeveloped countries with geopolitical characteristics, the “Belt and Road” or connectivity background, as well as those that further strategic objectives relating to national security. This paper also offers suggestions to reduce financing costs through financial or policy support by the government and proposes some policy suggestions, such as strengthening cooperation among enterprises, establishing a railway international cooperation strategy committee, and identifying the national strategic project in advance.

References

[ 1 ] Xiao N, Wu W P. Research on the strategy of China high-speed 036Research on the Investment and Financing Mode of China’s “Go Global” Railway Strategyrailway export supported by financial institutions [J]. Railway Economics Research, 2017(4): 18–21. Chinese. link1

[ 2 ] Zhang J C. Study on the mechanism of Japan attending foreign railway construction projects [J]. Railway Transport and Economy, 2015, 37(10): 67–73. Chinese. link1

[ 3 ] Luo Y Z. Study on financing and investment mechanisms for infrastructure connectivity of the Belt and Road Initiatives [M]. Beijing: China Development Press, 2015. Chinese. link1

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