Volume 8, Issue 4, December 2019, Pages: 128-133
Received: Sep. 6, 2019;
Accepted: Oct. 14, 2019;
Published: Oct. 23, 2019
Views 456 Downloads 177
Zhai Yigang, School of Public Finance and Tax, Central University of Finance and Economics, Beijing, China
Transportation infrastructure projects are often large in scale, and they require lots of long-term and concentrated funds, which is different from investments like stocks. With long-term saving function, life insurance funds own lots of stable long-term funds, whose nature matches the characteristics of infrastructure project gains, and can invest in large-scale transportation infrastructure and serve as a source of funds for long-term and stable investment in transportation infrastructure. It is necessary to fully understand the significance of life insurance fund investment in transportation infrastructure, and explore and study the similarities between life insurance fund and transportation infrastructure fund. This paper analyzes the significance of life insurance funds investing in transportation infrastructure construction, and argues that the role of life insurance funds investing in transportation infrastructure should be valued from the perspectives of macro environment, preservation and appreciation, regulatory system and cross-industry competition. By studying the characteristics of life insurance funds and the practice of life insurance funds investing in transportation infrastructure, the conclusion is that life insurance funds should invest more in transportation infrastructure construction. The main ways are to increase the asset allocation of transportation infrastructure, select the investment mode scientifically and establish the risk control system pertinently.
A Study on Life Insurance Fund Investment in Transportation Infrastructure, Economics.
Vol. 8, No. 4,
2019, pp. 128-133.
Wu rongzhen, insurance funds applied to expressway problem research, [D]. chang 'an university doctoral thesis, 2009.
Liu kexin, Analysis of insurance fund investment in infrastructure construction strategy, [J]. time finance, 2016.
Yan bing; Feasibility study of insurance funds participating in PPP projects of infrastructure construction, [J]. modern commercial industry, 2017.
Notice of the State Council on printing and distributing the development plan of the 13th five-year plan for the modern comprehensive transportation system.
Shen yuzheng, PPP model analysis of Canadian pension fund investment infrastructure and its enlightenment to China, [D]. Master's thesis of southwestern university of finance and economics, 2013.
Dai shiqing, highway project investment and financing research, [D]. doctoral thesis of central south university, 2011.
Cui Liyuan; Yao Mengyang; How to develop the modern comprehensive transportation system during the 13th five-year plan period, [J]. Transportation construction and management, 2017.
2009 China highway industry research report.
Yao weijie; Chen Bangxian, how much money do you have, [J]. Highway in China, 2012.
Wang Boyu; Zheng Quan; Chapter governing, a comparative analysis of the management system of expressway assets at home and abroad, [C]. academic papers on expressway management in China (volume 2010), 2010.
Mou xiangyu, management system of traffic fee collection based on J 2 EE, [D]. master thesis of chongqing university, 2009.
Huang sheng, research and implementation of traffic fee system based on service-oriented architecture, [D]. master thesis of Hunan university, 2007.
Wang hui, new changes in the application of insurance capital from the perspective of insurance market and big capital management, [J]. contemporary financier, 2017.
Xang zhaohui, discussion on the mode of financing and financing of China's, [J]. road construction with loans and loan repayment with fees, 2009.
Zhao ruihua, research on the source and use of funds for rural road construction and maintenance in chuansha xinzhen, [D]. master's thesis of Fudan university, 2011.
Yao dafeng, inspiration to China from the development and evolution of Korean life insurance products, [D]. doctoral thesis of graduate school of Chinese Academy of Social Sciences, 2019.
Han zhaozhu Dong zhen, research on the integration of Beijing-Tianjin-Hebei transportation based on holistic governance, j [J]. ournal of hebei university (philosophy and social sciences edition)", 2019.
A shwin, M. PPP Experiences in Indian cities: Barriers, enablers, and the way forward [J]. Journal of Constructing Engineering and Management, 2010.
Becker S, Deuber G, Stankiewicz S, et al. Public debt in 2020 [J]. Deutsche Bank Research, 2010 (6): 50.  Hochrainer S, Timonina A, Williges K, et al. Modelling the economic and fiscal risks from natural disasters [J]. Insights based on the CatSim model Background Report for GAR, 2013.
Casper van Ewijk, Paul JG Tang. Improving the assessment of economic foreign exchange exposure in public-private partnership infrastructure projects [J]. Journal of infrastructure systems, 2012.
Chan A. P. C, Lam P. T. I, Chan D. W. M, etal. Potential obstacles to successful implementation of Public-Private Partnership sin Beijing and the Hong Kong special administrative region [J]. Journal of Management in Engineering, 2010 (1).
DohJP, Ramamurti R. Reassessing Riskin Developing Country Infrastructure [J]. Long Range Planning, 2003, 36 (4).
Grimsey D, Lewis MK. Evaluating the risks of public private partnerships for infrastructure projects [J]. International Journal of Project Management, 2002, 20 (2): 107–118.
Guasch J L. Granting and Renegotiating Infrastructure Concessions: Doing it Right [J]. World Bank Publications, 2004.
Iossa E, MartimortD．Corruptionin PPPs, Incentives and Contract In completeness [J]. International Journal of Industrial Organization, 2016.