[摘　要]　通过文献检索和结构化访谈，分析了有关政治风险的变化和趋势，包括其发生的可能性和后果的严重性。论文表明，政治风险的主要变化是发生可能性小但后果严重性大，总体趋势逐步向好，并建议关注新出现的重要风险因素。相信良好的政治局面将为中国基础设施建设领域带来广阔的投资机遇。

[关键词]　PPP,政治风险,风险管理,投资

Abstract: Based on a literature review and a structured interview, this paper analyzes the change and trend of political risks in China PPP projects, including the possibility of occurring and the resultant importance. It is showed that the political risks have a smaller possibility of occurring, a serious result and a better trend. The paper suggests to emphasize the coming and important political risk. It is pointed out that the good polical environment will produce a broad investment opportunity for China construction industry.

Key words: PPP; political risks; risk management; investment

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