中文摘要：

金融支持是推进国际产能合作的重要前提,其方式选择不仅需要考虑本国利益的实现,还必须高度重视其他国家的福利改善。这关系到相关国家的接受程度,并且决定了国际产能合作可以实现的纵深。本文以贷款为例,借助一个包含五种类型的国家,涵盖国际招标、跨国投资、装备贸易、金融合作等环节的理论模型,研究国际产能合作中金融支持的运作机制与影响。研究发现：如果只由产能供给国的金融机构提供贷款支持,那么在单位贷款利息方面政策性金融较之于商业性金融要更低,并且也更加有利于促进产业供给国、产能需求国、产能配套国福利的提升。由多边国际合作开展金融支持,在大多数情况下上述结论依然成立,但是单纯的资金提供国则更倾向于商业性金融。此外,多边国际合作下的金融机构其运行如果涉及非股权投票权,则意味出资比例高于平均值的国家向出资比例低于平均值的国家进行了投票权让渡,进而也将影响到各国的福利水平。

英文摘要：

Financial support is an important premise of the international capacity cooperation. The mode choice should rely on the full consideration on the realization of the country＇s interests as well as high attention to the welfare improvement of other countries. It concerns the acceptability of the relevant countries, and determines whether the international cooperation capacity can be implemented in depth. Based on an example of loan, this paper uses a theoretical model containing five types of countries, international bidding, transnational investment, equipment trade, and financial cooperation, studies operation mechanism and influences of the financial support in the international capacity cooperation. Research indicates that if depending only on the loan support from the financial institutions of capacity supply countries, compared with commercial finance, policy finance produces less profit in terms of unit loan interest. Besides, the welfare of industrial supply, capacity requirements and capacity supporting countries can be more conducive to promote. Undertaking the financial support based on multilateral international cooperation, the above argument proves to be true in most cases, but pure financiers tend to commercial finance. In addition, if the operation of financial institutions within multilateral international cooperation involves non-equity voting rights, which means the country whose proportion of capital contribution is higher than the average demise the voting right to the country whose investment proportion is lower than the average, which will also affect the well- being of all countries.