How,to,Start,the,Exploitation,and,Construction,of,Public,Works,by,Using,Asset,Replacement:to the moon下载

　　Abstract: "Asset replacement" is a general successful practice of listed companies. To graft this practice onto public utilities and use it to start those local public works which are poorly financed now, the key is to understand the connotation ,scope of application, ways of operating and management system of asset replacement in depth. College A in Henan Province succeeded in using asset replacement to start the construction of new campus, from which we can get some inspirations.
　　Foreword: since the outbreak and spread of the 2008 financial turmoil in the whole world, affected by the tight money policies ,some local public works projects which have enclosed the land and been planned to start have been halted. How to strive for policy support,widen financing channels, start the project as soon as possible, and make the best of the current land resources have become the top priority of the units to which those problem projects belong. As an effective proper financing channel, asset replacement will surely play a big role in exerting government""s and administrative institutions"" subjective positivity, raising initial capital and redeveloping public works. This article takes the construction of the new campus of college A in Henan Province as an example, and focus to detail the connotation, appropriate projects, ways of operating, management system and policy suggestions of asset replacement from the perspective of public works.
　　1 Asset exchange concept
　　“asset exchange” comes from economics. It’s a means for the re-structuring of enterprise’s assets, namely the two parties of listed company’s transaction exchange evaluated assets based on equivalent value, separate away assets that don’t aid in the company’s development and in the same time infuse into qualitiy assets. Simply speaking, asset exchange is to exchange a company’s assets with other companies’ assets in order for a company’s assets to be at the best disposition, to obtain the maximum income or for other sakes such as getting listed.
　　This concept in economics is also applicable in the running of a university under market economy condisitons, the asset exchange of two parties under the principle of equivalent-value exchange uner the support and leading of the government. For schools, the counterpart’s high amount of money is acquired and invested into capital construction through high-valued asset (unimportant for itself) exchange.
　　2 Applicable projects
　　Asset exchange of universities in principle applies to public projects (e.g. land expropriating and prophase fees, water, eloctronic and central heating pipeline networks and auxiliary facilities, library, teaching building etc.). This realm of projects cannot be realised through the way of union development (the union of university’s and social money) due to the fact that they cannot produce economic benefit immediately after the completion of construction as the principle and core projects of universities. The narrow-margin projects and for-profit projects cannot catch up unless these projects are started up. The star-up of public projects cannot merely rely on universities and the government must exert more effect of support. Under the condition that government cannot increase direct investment, asset exchange can yet be regarded as a good resolution method.