| In China, from 1970s' later years up to now, the ratio of FDI relatively to Chinese national fixed assets investment, and total assets of FIEs (Foreign Investment Enterprises) increase continuously. Within the course, the average scale of FIEs becomes larger and the function of FIEs is systematized cross all the fields: production, marketing, R&D, financing, and capital operating, especially after through restructuring their business unites, in which process the coordination between these related factories also has been being improved. All changes of FIEs in China we mentioned, conduct many effects on Chinese substantial economy, just like: promoting national economic growth, the level of technology, the quality of both physical assets and intellectual assets, diffusion of knowledge, and degree of market competition, on which the research seem more enough. However, we may assert that FDI or FIEs have generated a very large monetary economy in China, which means that except for their physical difference from domestic resources, the sameness of their financial form will exercise. We maybe want to earnestly know in the two ranks: at first, how the MNEs unfold their financial activities, as we know, any production and technology activity reflected on monetary sign which decide weather those activities are rational. Secondly we want to know what relations exist under substantial economy and monetary economy, and what effects will be generated on monetary economy of host country. Because financing activity of FIEs is the most primary financial problem, we believe it is also the best foundation for research on MNEs' financial activities, especially in China. To fulfill the aims, I organize all chapters to include contents as following:Introduction: Six related question that will be explored in the thesis are put forward, by doing this, I also maintain the importance and significance of those questions for host country. Before we undertake the whole adventure, some important concept and fundamental methodologies will be explained clearly, in order to make all the reader understand what is going to talk about, and how we do.Chapter 1: Scope of the previous work. In this chapter, I have reviewed most of all perspectives on which previous works about the main issue in detailed, for few works concerned it have been published. The previous works can be divided into 5 categories: how MNEs or FIEs to make the decision about total quantity of investment and financing funds and the structure of those funds from every channel; the capital cost, capital structure, cooperate value of MNEs; how fluctuation of, or the institutes of exchange rate effect financing activity of MNEs; the govern structure, control power distribution between all precipitants in a FIE; LEC research on the subject.Chapter2: The total quantity, structure, and control power distribution of investment and financing Chinese FIEs. I will exhibit the total quantity, structure, and control power distribution of investment and financing Chinese FIEs, using national level data and typical area data. The distribution of control power will be pay more attentions, because it determine the technology and management knowledge, and it has been seen as a possible site for monopoly power in Chinese domestic market.Chapter3: The analysis of macroeconomic effects of financing of FIEs. The research will focus on how the financing of FIEs and MNEs effect the international balance, although opening capital market is belonged to a microeconomic problem, we definitely need a standard that give us information about regulation of the financing.Chapter4: Indirect financing of FIES. In china, for many years, the FIEs relay on the banks, so I will describe the characteristic of banking service needed by FIEs which could be supplied by Chinese or foreign banks on different quality levels. The competitive situation brought by foreign bank may cause risk crisis of Chinese state-owned banks, so policies will be talked.Chapter5: Direct financing of FIES-securitized tende...
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