项目融资中资本结构的选择

作认为可依据资本需求量、投资对项目现金流量和风险的判断、投资筹资能力、资本市场上资本供求关系和竞争状况及贷款银行承受风险的能力等方面的因素来选择债务资本／股本资本比率；可依据各种来源的可获得性、资本成本和贷款银行的要求等因素选择股本资本来源；可依据各种来源的可获得性、利率和资本的使用期限等的因素束选择债务资本来源。

The Choice of Capital Structure in Project Financing

For the sake of success of project financing,we must choose capital structure scientificly. The ratio of debt structure and stock structure can be choosed, according to some factors, such as the demand of capital, investors' estimation to cash flow and risk,investors finacing power,the relation of demand and supply of capital in the Capital Market,the ability of crediting banks enduring risk, and so on. Stock capital can be choosed, according to some factors, such as the conquerable of kinds of sources, capital structure and the requirement of credit bank. Debt capital can be choosed, according to some factors , such as the conquerable of kinds of sources, interest rate and the using term of capital.