| Capital is the blood of an enterprise. It is the first and the sustainable motive force in economic activities of enterprises. So, for an enterprise, regardless of its establishment in initial stage or the later development, it has to possess and retain certain amount of capital, and to finance, invest, re-finance again and again as it's prerequisite.In the traditional planned economy ages, there was no real enterprise in our country because in that ages, not only the property right of enterprise was in simplex form, but also the enterprise could not decide itself what and how many to produce. The so-called enterprise was only a certain link in the large production unit of state, and its capital source was mainly dependent on national financial appropriation and a partial low interest bank loan. It had not and also needed not any decision-making power to finance capital In addition, the highly planned and relatively closed finance market made enterprises lose the possibility and external conditions of acting on its own in choosing the method of financing capitals. Therefore, the enterprise management in our country not only overlooked the research of financing problem over a long period of time, but knew little about it, especially those financing strategies of re-shuffle, brand, and transnational financing etc.With the establishment of socialist market economy system and the modem enterprise system, enterprise as the main part of the market economy, is put into the dynamic market situation, and the financing method in the planned economy has changed basically. The efficiency of financing becomes more and more crucial to enterprise development After our nation joins WTO, enterprise will confront the more intense competition from domestic and overseas markets. To meet the need of economic development, the new financing methods will come into existence, and the financing environment and channels will be more complex, which demand that enterprise management must take the financing for the most important thing hi the modern enterprise development, and consider adequately the influences of such factors as financing scale, method, velocity, cost, difficulties and risks on enterprise competition and development So, how to choose financing modes, how to decide the scale of financing and seize the chances and how to take advantage of the conditions, cost and risks, all of these become problems needed thinking and solving earnestly by the enterprise management, especially those who have the sense of modem competition.As a developing country, our social resources including population, financial and material resources, etc. are not only the important capitals to every enterprise's survival and development, but also the important fortune for us to follow up and surpass the developed countries in the world. However, the present situation is: for one thing, we urgently look for the development capital abroad regardless of high cost because of deadly needing a large amount of it; for another, considerable quantity of precious resources are wasted and going down the drain due to undue reasons; and for one thing, the competition and development of enterprises need sufficient amount of capital; for another, a great deal of resources are idle in enterprises without any beneficial result due to strategically wrong resources allotment. These phenomena show that resources allotment in our economy is not completely rational. There are many aspects required our research and improvement Consequently, research on enterprise capital finance, especially on financing strategy, has very important theoretic meaning in this new historic period, as well as the important realistic significance to improve allotment modes of capital and to promote the efficiency of resources allotment in the whole society.The thesis has 9 chapters in three parts.Part I, basic theory, including reasearch background, concept franework and theoretical reference, is explaned in chaptre 1,2 and 3.Chapter 1 introduces research thesis, background,...
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