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Research on Financing Problem in Tourist Circle of Western Hubei

Author: YangYi
Tutor: ZhangYing
School: Central South University for Nationalities
Course: Chinese minority economic
Keywords: Tourist Circle of western hubei Pecking Order Theory diversified financingchannels
CLC: F592.7
Type: Master's thesis
Year: 2012
Downloads: 167
Quote: 0
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Abstract


In2008, hubei provincial government plans to launch a planning of construction onwestern hubei, which has lasted about four years, in this period of time, related research onwestern hubei province involving in some fields,including national tourism culture, thecommercialization and the original ecological culture, and the resource integration ofresearch. As we all know, western hubei do have a lot of excellent tourism resources, butdevelopment of its tourism resources does not adapt with its condition, it is necessary tointegrate and develop tourist resources in western part of hubei province. So Speeding upthe development of tourism resource in western part of hubei province is necessary.The research bases on the genetic resources situation of Tourist Circle of westernhubei,using the SWOT analysis method, summarizes their own specific genetic advantagewhich is riching in surplanded resources and improving public awareness; Thedisadvantages are lack of integration ability, and insufficient on capital investment.Combined with the actual situation, from capital supply and demand of ecologicalculture,the auther points that the government-led private investment is becoming the maincapital source.Also,The author analyzes financing problems on western hubei and makessome conclutions: based on the consideration of risks and cost, commercial banks aremuch more willing to invest on developed city, which has perfect credit record, Secondly,although advanced financing theory shoud have guiden national regions, but local realitieslimit the application of financing models. In addition, financial institutions in western hubeiplayed an important role on the construction of corresponding, but quantity is limited.Therefore, the author suggests: one is to establish the system of financial supporting,building a development platform fron banks to enterprise with government, and developcapital market, mainly invest on the infrastructure construction or the development of thescenic area; Secondly,develpe private capital and risk investment; Three, to establish adiversified financing channels, such as capital market, the bond issue, project financing andtourism industry investment funds.

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