Author(s)

Tengfei Zhao ¹

Affiliation(s)

¹ China Construction Eighth Engineering Division Corp., Ltd., Shanghai, 271608, China

Corresponding Author

Tengfei Zhao

ABSTRACT

This paper conducts a systematic study on the logic and path of infrastructure investment and financing in the new situation. It deeply analyzes the characteristics of infrastructure projects, such as large capital demand, long construction period, dispersed risks but stable returns. It reveals the limitations of bank credit in financing, mainly reflected in risk aversion, maturity mismatch, and lack of income compensation mechanism. This study further explores the optimization effect of intensive and large - scale operation on the investment and financing logic under the promotion of policies, and emphasizes the activation of social capital vitality through innovative financing tools, policy - based financial support, and fiscal incentive measures. It proposes to effectively solve the financing problems by constructing a diversified financing system, promoting infrastructure REITs, introducing long - term capital, and improving the risk - sharing mechanism. In view of the systematic defects existing in the current investment and financing mechanism, this paper puts forward the paths of deepening reform. These include the coordination of fiscal and financial policies, the construction of a multi-level capital market, and the improvement of legal guarantee. The aim is to achieve the efficient and sustainable development of infrastructure investment and financing, providing theoretical support and practical reference for promoting high-quality economic growth and industrial structure optimization.

KEYWORDS

Infrastructure construction; Investment and financing logic; Credit mechanism

CITE THIS PAPER

Tengfei Zhao, The Logic and Path of Infrastructure Investment and Financing in the New Situation. Financial Engineering and Risk Management (2024) Vol. 7: 186-192. DOI: http://dx.doi.org/10.23977/ferm.2024.070625.

REFERENCES

[1] Yang P, Du Y. Reform of the infrastructure investment and financing system and mechanism in the high - quality development period [J]. Macroeconomic Management, 2020, (05): 23 - 29+36.
[2] Zha L. Analysis of the logic and path of infrastructure investment and financing: Taking design institutes as an example [J]. New Silk Road Horizon, 2024, (09): 45 - 47.
[3] Wang C M, Li D K, Lü L Y. Research on new investment and financing business models for infrastructure [J]. Electric Power Survey & Design, 2023, (04): 9 - 13.
[4] Sheng L, Yang B B. Exploration of investment and financing models and paths for new infrastructure construction [J]. Reform, 2020, (05): 49 - 57.
[5] Li M, Long X Y. The choice of investment and financing paths for new infrastructure construction in China from the perspective of the relationship between the government and the market [J]. Sub - National Fiscal Research, 2021, (12): 67 - 75.

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