CAJ | 학술논문

国外矿产资源地质勘查投融资市场主要包括基金市场、证券市场、银行信贷市场，发达国家的地质勘查资金投入多采取“多元化投融资模式”。以日本、加拿大、德国三个比较典型的地质勘查市场投融资体制为案例，其投融资模式分别为银行+政府主导型、资本市场主导型、财政资金投入主导型。国际地质勘查资金投入包括资本市场的股票融资投入、私人资本投入、商业银行信贷资金投入、投资公司的股权投入、合作投入等多种形式。对我国的启示：(1)加大政府对地质勘查投入的支持力度，建立完善有效的财政投入机制；(2)大力发展矿业资本市场，建立完善多元化的投融资体系；(3)进一步完善矿业法律制度，改善矿业投资政策环境。
국외광산자원지질감사투융자시장주요포괄기금시장、증권시장、은행신대시장，발체국가적지질감사자금투입다채취“다원화투융자모식”。이일본、가나대、덕국삼개비교전형적지질감사시장투융자체제위안례，기투융자모식분별위은행+정부주도형、자본시장주도형、재정자금투입주도형。국제지질감사자금투입포괄자본시장적고표융자투입、사인자본투입、상업은행신대자금투입、투자공사적고권투입、합작투입등다충형식。대아국적계시：(1)가대정부대지질감사투입적지지력도，건립완선유효적재정투입궤제；(2)대력발전광업자본시장，건립완선다원화적투융자체계；(3)진일보완선광업법률제도，개선광업투자정책배경。
There’re several investment and ifnancing patterns in foreign geological exploration market, including funds, equities, bank credit market. In developed countries, the diversiifed investment and ifnancing mode is popular. In this study, we take Japan, Canada and Germany as examples, which are three typical investment and ifnancing system in geological exploration market. We ifnd that the investment and ifnancing pattern can be classiifed as banks and government oriented, capital market oriented and ifnancial investment oriented respectively. Overall, the investment and ifnancing patterns in international geological exploration market are as follows: stock ifnancing, private capital investment, commercial bank credit capital investment, stock investment by investment companies, investment and other forms of cooperation. There’s some enlightenment for China: Firstly, we should increase government investment in geological exploration in order to the establishment of a sound and effective ifnancial investment mechanisms. Secondly, we should develop the mining capital market, establish and improve the diversity investment and ifnancing system. Thirdly, we should furtherly improve the mining legal system and the policy environment of mining investment.