Research On The "Go-abroad" Investment And Financing Strategy For Chinese Railway Industry

With economic globalization, regional integration and further development of the energy crisis, environmental pollution, traffic safety problems, the comparative advantage of the railway industry further highlights. At present, the international rail market and rail industry due to technological innovation, investment diversification, freight and other factors are moving towards full recovery. At the same time, China's railway industry, large-scale capital investment in recent years has achieved rapid development. China's railway industry achieved a series of major achievements in railway speed, heavy load, railway construction, equipment manufacturing and so on, which is our railway industry "go-abroad" the technical basis. However, the gap between the demand for infrastructure and government finance are growing, therefore, the company's financial strength and the strength of the financing capacity become key factors which decide the ability to obtain project. In China, the railway contracting business financing instruments are simple, which caused China's railway industry "going out" a certain amount of capital bottlenecks. Additionally, the current complex and volatile international situation, "Middle East revolution", Libya, Afghanistan and other war gave foreign investment in China's railway industry amount of risk alerts. Therefore, China's railway industry based on "going out" the practical problems faced and how to better develop China's railway industry "going out" strategy of investment and financing is particularly important. This paper is in the view of the railway industry "go-abroad" issues of investment, researching domestic and foreign investment and financing with the existing theory and our current rail industry "go-abroad" characteristics of the investment and financing, aiming to develop the foreign investment and financing strategies.This article is divided into five chapters, the first chapter is about background, significance, content and general introduction; chapter two is in the view of the investment and financing explaining the theoretical basis of this writing; third chapter is about the railway industry "go-abroad" an overview of the current situation, and on this basis, in-depth study of China's railway industry "go-abroad" of investment and financing basic methods and problems. Chapter four is about the problems identified above, respectively, both from the perspective of investment and financing of the railway industry "go-abroad" strategy for research and application of the theory of this case on a detailed explanation. Chapter five is about national and enterprise levels on China Railway Industry "going out" of investment and financing management recommendations.