The hottest railway construction market, opening u

2022-10-21
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Opening up the railway construction market and making profits from rail transit equipment

Guide: delegate power on the one hand and find money on the other hand. The new policy not only eliminates many obstacles for private capital to enter the railway construction, but also provides double guarantees for railway funds. In view of the possibility that the investment scale and capital availability of railway infrastructure may exceed expectations, analysts pointed out that railway transportation, railway equipment manufacturing, railway engineering construction and construction machinery will directly benefit from this railway reform if specimen fracture, experimental force is over limit, the number of experiments reaches the set value, and the lubrication system is abnormal

the railway system, once called the last fortress of the planned economy, has once again ushered in a substantive breakthrough after the separation of government and enterprises in March this year, and once again proved that the reform power of the traditional economic development model often comes from economic coercion

On the evening of August 18, the Chinese government officially released the "opinions on reforming the railway investment and financing system and Accelerating Railway Construction" issued by the State Council, proposing six specific measures, including raising construction funds in multiple ways and channels, improving the railway freight rate mechanism, establishing a public transport subsidy system, and revitalizing railway land resources

the new policy not only eliminates many obstacles for private capital to enter the railway construction, but also provides double guarantees for railway funds. Given that the investment scale and capital availability of railway infrastructure are likely to exceed expectations, analysts pointed out that railway transportation, railway equipment manufacturing, railway engineering construction and construction machinery will directly benefit from this railway reform

favorable policies came

after the release of economic data in the first half of the year, China ushered in eight heavy policies in a month

the pull force is limited to 200 newtons, which is enough.

in less than a month from July 20 to August 18, measures such as liberalizing the control of loan interest rates, exempting small and micro enterprises with monthly sales of no more than 20000 yuan from taxes, expanding the pilot of replacing business tax with value-added tax to the whole country, accelerating the development of energy-saving and environmental protection industries, financial support for the development of small and micro enterprises, promoting information consumption, broadband China strategy, and reforming the railway investment and financing system have surfaced

Renmin University of China ● standard configuration of accessories: one set of wedge-shaped stretching accessories, one set of tightening accessories and one set of zigzag accessories. Zhao Xijun, deputy dean of the school of finance, said in an interview that a series of intensive policies reflect the intention and determination of the new government to ask for dividends from reform

Premier Li Keqiang held a symposium on promoting western development and poverty alleviation in Lanzhou on August 19. Li Keqiang made it clear at the meeting that China's economic development has entered a transition period, and it depends on efforts to release the maximum dividends of reform, stimulate market and social vitality, and enhance the endogenous driving force of development

Zhao Xijun also pointed out that this series of reform measures have the characteristics of combining the long and the short. For example, the liberalization of loan interest rates is a reform that can see dividends in a short time, which is conducive to reducing the cost of enterprise loans, while the railway investment and financing reform can only be truly reflected after the implementation of the implementation rules and the completion of the reform measures

the latest "opinions on reforming the railway investment and financing system and accelerating the promotion of railway construction" (hereinafter referred to as the "opinions") puts forward six measures around railway investment and financing, and proposes to speed up the construction of the 12th Five Year Plan railway, strive to overfulfil the investment plan in 2013, and earnestly make construction arrangements for the next two years

find money for railway construction

since the railway system entered the reform channel, public opinion has been worried about the reform mainly because of insufficient understanding of Technology (36.36%), high cost (29.44%) and no demand (19.05%), mainly focusing on the source of funds for railway construction. The "opinions" released this time also revolve around money

among them, the biggest highlight is decentralization and money seeking, including the introduction of social capital, the liberalization of the ownership and management rights of intercity railways, municipal (suburban) railways, resource development railways and feeder railways, and the change of railway freight prices from government pricing to government guidance prices. It can be said that measures such as all-round and multi angle are paving the way for solving the problem of railway construction funds

in sharp contrast to the decline in the growth rate of project investment subject to local financial resources and corporate profitability, the investment scale and capital availability of railway infrastructure are likely to exceed expectations. Zhaiyongzhong, a researcher in the railway industry of Hongyuan securities, told that this was the first time that the State Council issued a document on promoting the reform of the railway investment and financing system. It is expected that relevant ministries and commissions will also issue various policy rules in the future

according to public data, the national development and Reform Commission has raised the railway fixed asset investment quota this year from 650billion yuan planned at the beginning of the year to 690billion yuan. In addition, in 2013, the number of new railway projects was adjusted from 37 to 47. According to the previous financing plan, bank loans will reach 317billion yuan, and 150billion yuan of railway construction bonds will be issued during the year, accounting for nearly 70% of the investment

it is reported that since the establishment of China Railway Corporation (hereinafter referred to as the Railway Corporation), the top leaders of Tibet, Shandong and other provinces have visited the Railway Corporation to seek support, and the Railway Corporation's attitude is that you build, I support, but I have no money. Therefore, changing the financing mode based on bank loans and issuance of bonds and seeking new financing channels have become the unanimous appeal of the general railway administration

Zhao Jian, a professor at the school of economics and management of Beijing Jiaotong University, analyzed that local governments and energy-based central enterprises are really interested in the liberalization of the railway construction market. For example, the Mengxi central China Coal Transportation Corridor Railway, which is expected to start construction this year, only accounts for 20% of the total shares of the railway, and most of the remaining shareholders are central enterprises and local energy state-owned enterprises

railway equipment benefits

as soon as the train rings, the gold is ten thousand Liang. This proverb describing the great role of railway construction in stimulating the economy is most appropriate at the moment

according to the data from China Railway Administration, compared with the planned investment in railway fixed assets of 690billion yuan this year, the completion volume in the first half of the year accounted for only 30%. Combined with the statement of over completion of the investment plan in 2013 in the opinions, it can be speculated that the railway investment in the second half of the year will ignite a new round of enthusiasm in the rail transit equipment industry

stimulated by the favorable policies of the State Council to support railway construction and the reform of its investment and financing system, the railway transportation sector performed strongly on August 20, and rose 3.77% against the market decline. The next day, the whole railway industry continued to strengthen against the market

analysts pointed out that the three major fields of railway transportation, railway equipment manufacturing, railway engineering construction and construction machinery will directly benefit from this railway reform, involving many enterprises such as northern entrepreneurship, Jinxi axle, AVIC heavy machinery, northwest bearing, China Railway, China railway construction, Liugong, XCMG and so on

in early August, the China Railway Administration has launched the first bidding procurement of railway locomotives, multiple units, passenger cars and freight cars since its establishment, with a total purchase scale of hundreds of billions. Experts pointed out that this bidding is far from meeting the needs of future lines

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