关于构建我国风险勘查资本市场的思考

摘要

Social fund remains around 60% of all the investment in China's geological exploration industries since 2005 ,which indicates great disparity to the financing structure of venture exploration investment in western countries with prosperous mining industries .The high stake in this field requires great venture endurance for its investment .Therefrom ,the author pointed that China is in urgent need of developing a capital market for venture exploration ,and proposed the basis for such a venture market and put forward possible measures of developing the market consist of a pilot exchange for pilot capital market of venture exploration ,pilot projects of registered geologists ,a conversion system of domestic and foreign standards for reporting of exploration results ,mineral resources and ore reserves ,a market credibility system ,financial instruments such as stock options ,etc ..For China's pilot capital market of venture exploration ,the paper put forwards suggestions for relevant departments in governments and industrial associations to have close cooperation ,provide policy support ,etc ..%自2005年以来我国地质勘查行业投资中社会资金所占比重一直维持在60％左右，这个比例与西方矿业发达国家风险勘查投资的融资结构差距较大。地质勘查行业的高风险性决定了其所投入资金也必须能够具有高度的风险容忍度。由此笔者认为，我国地质勘查行业亟待建立风险勘查资本市场，并给出建立风险勘查资本市场的基础及提出构建风险勘查资本市场的设想，包括：建立试验交易平台开展风险勘查资本市场试点、开展注册地质师试点、建立国内外勘查技术标准转换体系、建设市场诚信体系、充分利用股票期权金融工具等等。最后，针对开展风险勘查资本市场试点工作对政府及行业协会等相关部门提出密切合作、提供政策支持等建议。