位置: > 创业先例 > 正文 >

专项债月发数千亿财政货币政策双护航“稳投资”

2018年09月28日 05:19来源:网络整理手机版

原标题:专项债月发数千亿 财政货币政策双护航“稳投资”

  专项债月发数千亿 财政货币政策双护航“稳投资”

  多路资金密集涌入“输血”基建

  万亿民间投资空间开启,吸引社会资本系列新政将密集落地

  近期,在稳投资系列政策信号加强的同时,多路资金也开始密集涌入为基建投资“输血”。其中,专项债在最近一个多月发行超过6000亿,多家银行公开表态称要重点支持基建项目……财政货币政策双双发力护航稳投资,民间资本也开启了万亿空间,系列吸引社会资本新政还将密集落地。专家表示,稳定基建投资关键还是要依靠财政资金、金融资本等撬动更多的民间资本进行投入。

  补资金缺口政策信号加强

  今年以来,在我国集中清理PPP项目库、严控地方政府债务、继续推进金融去杠杆的背景下,到位资金不足、后续融资难也成为掣肘投资增速的因素之一。

  “今年以来,尽管贷款余额增长了12.7%,但社会融资环境总体趋紧,社会融资规模存量增速比上年同期回落了3个百分点,导致投资资金有所不足。”中国银行国际金融研究所研究员高玉伟告诉《经济参考报》记者,例如一季度,我国投资到位资金比上年减少0.1%。其中,占比65%左右的自筹资金同比减少0.6%,占比约11%的贷款同比减少5.3%。

  近期,在稳投资系列政策信号加强的同时,政策层面也接连就建设资金情况作出部署安排。9月18日召开的国务院常务会议强调,引导金融机构支持补短板项目建设,地方政府要将专项债券已筹资金加快落实到补短板项目。有序推进政府与社会资本合作项目,积极吸引民间资本参与建设。

  银行配套资金一直是支持基建领域投资的重要资金来源。近期,监管部门再次强调金融机构要加强对重要在建项目的资金支持。中国银保监会日前召开的银行保险监管工作电视电话会议强调,优化对重点领域的银行和保险服务,对关系国计民生的在建项目加强资金保障,防止因资金断供形成“半拉子”工程。

  值得注意的是,货币政策也将在“护航”基建投资方面发挥一定作用。央行在此前发布的二季度货币政策报告中强调,稳健的货币政策要保持中性、松紧适度,把好货币供给总闸门,坚持不搞“大水漫灌”式强刺激,根据形势变化预调微调,注重稳定和引导预期,强化政策统筹协调,为供给侧结构性改革和高质量发展营造适宜的货币金融环境。

  专项债及银行资金将驰援基建

  在政策助推下,地方政府专项债正全面提速。数据显示, 红桥区委员会,今年8月至9月中旬,在一个半月时间内,新增专项债发行已超6000亿元。其中,9月发行已超2000亿元。

  今年全年新增专项债额度为1.35万亿元,“按照财政部文件,各地至9月底累计完成新增专项债券发行比例原则上不得低于80%,即到9月底前需发行1.08万亿。那么,9月全月发行规模应超过5000亿元。”中国国际期货股份有限公司研究员汤林闽告诉《经济参考报》记者,从已发行专项债来看,募集资金多用于市政建设、交通运输、保障性住房建设安居工程等基础设施建设领域。

  还有专家测算,全年新增专项债中预计将有数千亿“输血”基建,杠杆作用下,预计撬动的投资规模应该超过万亿。

  银行配套资金方面,业内人士表示,与此前基建投资资金主要来源于银行表外资金不同,在强监管和防风险的大背景下,此轮资金来源将回归表内信贷。

  不少银行也公开表态称要重点支持基建项目。建行行长王祖继表示,“在稳健经营的前提下,在保持经济指标稳中向好的前提下,我们还是要尽量加大信贷投入,支持重点基础设施建设,支持结构调整。”中行行长刘连舸也表示,下半年贷款继续保持平稳适度增长,全力支持基础设施领域补短板,推动高端装备制造、民生消费、节能环保、信息技术等产业发展,支持京津冀、雄安新区、长江经济带、粤港澳大湾区(港)和海南自贸区建设。

  中国人民大学重阳金融研究院高级研究员董希淼表示,目前市场上流动性不少,但是银行的风险偏好有所下降,在信贷投放时比较谨慎,目前的政策也是着力引导资金流入实体。他同时表示,银行资金在投向基建项目时也要注意把握市场化原则。

  中信证券报告称,若松动表内信用创造的资本约束,将提高表内信用创造的速度,从而为基础设施建设提供资金。提高货币乘数的办法中,降准是市场已经预期较为充分的工具。公开信息显示,今年以来,央行已两次降准,共释放了将近1.1万亿资金,而近期又接连进行MLF(中期借贷便利)操作释放流动性。有市场人士预期,央行或在近期再次实施定向降准。

  鼓励和引导民间资本投资

  业内人士表示,稳定基建投资关键还是要依靠财政资金、金融资本等撬动更多民间资本进行投入,预计民间资本投资将开启万亿空间。

  发改委透露,下一步将加大资金筹措力度。通过规范的PPP方式运作,鼓励民间资本积极参与交通基础设施建设。推进铁路项目股份制和混合所有制改革,按照市场化、法制化原则推进债转股。将进一步加大政策支持力度,调动民间投资的积极性,巩固民间投资发展的良好势头。未来将从准入、政策支持、营商环境、信息服务和产权保护等方面推进政策出台,进一步优化民间资本发展环境,推进交通、能源等领域进一步开放,助力民间投资持续向好。

  记者了解到,包括PPP条例出台、深化投资融资体制改革、进一步降低民间资本投资门槛、进一步优化营商环境等系列政策将密集落地。

本文地址:http://www.baijuechina.com/chuangyexianli/33787.html 转载请注明出处!

大家都在看更多>>

今日热点资讯
baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina baijuechina