Diagnosis And Countermeasures For Financing Problems Of L State-owned Mining Enterprises

Mining companies are constrained by their heavy assets,high risk and cyclical industry attributes.Even with the natural advantages of SOE credit endorsement,SOEs still face financing difficulties such as high asset-based mortgage credit thresholds,short credit maturities and the need to secure credit.These obstacles have limited the development of mining enterprises when it comes to financing the rights of creditors in financial institutions.L Company,a state-owned mining enterprise,is faced with such realistic financing problems as insufficient paid in capital,blocked endogenous financing,and difficulty in meeting the requirements of traditional bank mortgage loans in the growth stage of the enterprise,which is difficult to support the huge capital demand for mining investment.This article will take the financing behavior of L Company as the diagnosis object,based on the meso environment of the mining industry,and the micro financing environment of L Company,through interviews with senior executives,financing directors and other employees,analyze the basic situation of L Company’s business sector,financial data,financing decision-making mechanism,project financing objectives,financing methods,and diagnose and analyze the current financing situation of L company,the financing problems of external financing channels are not smooth and endogenous financing is blocked.To this end,together with an analysis of an agreement between a limited private equity fund and a state-owned mining company,this paper proposes a targeted and operational financing scheme for a limited partnership private equity fund and evaluates the advantages and risks of the financing scheme.It provides certain references for the financing of mining enterprises.