Government Capital Manage The Enterprise Financing Channel Studies Under Budget System

As China's reform and opening-up program in depth,and the socialist market economic system continuously improved,the modern enterprise system gradually established urgently requires countries to the state-owned assets management system reform.Therefore,in order to improve the state-owned assets management and operational efficiency,strengthen supervision and operation of state-owned assets and safeguard the national interests of the owners of state-owned assets, China's state-owned capital to establish the operating budget system.State-owned capital operating budget system,state-owned enterprises to other investors to enjoy the same investor receipts,which means that over the past 12 to the state-owned enterprises are not tax non-payment of the dividend history has ended.For a long time,China's state-owned enterprises for simple reproduction and the maintenance of the funds to expand production mainly comes from the use of state-owned capital gains,then a state-owned capital operating budget system,the state should invest to the identity of the distribution of profits in the enterprise,state-owned the development of enterprises will immediately face financing problems.Papers from theory to practice,and the analysis and,in conjunction with the financing of Chinese enterprises,the capital of China's state-owned enterprises under the operating budget system for financing channels to make specific analysis and research.(1)Of the operating budget system for state-owned capital the background, the basic framework,in the state capital of China's proposed operating budget system,the national investors to participate as a distribution of profits, state-owned enterprises will face financing difficulties; (2)In the operating budget system for state-owned capital,China's state-owned enterprises into independent mainstay of the market,in line with market demands,expand the financing channels,so that the financing of enterprises toward standardization.(3)By the state-owned capital operation budget system,China's state-owned enterprises should actively promote the asset management company as a platform for restructuring,accelerate the restructuring of listed companies,expanding bond financing.To raise short-term funds through bank loans and bills market to solve.In short,we should be in accordance with the market in accordance with the requirements,and actively expand the financing channels,so that the financing of enterprises to standardize.(4)To broaden the financing channels of policy proposals.In this paper,using standardized research-based methods,summing up the research results at home and abroad have practice and learn from foreign countries on the basis of the operating budget system for state-owned capital as the background of China's enterprises financing channels for the design.