Financing Mode Of Qingdao Zhongda Group

With the rapid development of our economy, more and more small & medium-sized enterprises flourish. But the lack of fund becomes a block to their further development because of the difficulties of financing which is also a big problem in our country. To survive and develop, the companies must get enough working capital.Trough a brief introduction of Qingdao Zhongda Group Co.,Ltd.and the present condition of its industry, this paper subsequently specifies different financing measures in different development period of the company. From agency policies at establishment, then comprehensive credit by commercial bank in rapid development period, and to company listing in the USA capital market currently, the financing methods of the company are explained in details about definitions and measures of Letter of Credit,Import Bill Advance, Export Bill Purchase, Forfaiting , Factoring, Domestic Letter of Credit, Bank's Acceptance Bill and Listings in the USA Capital Market. In spite of the underdevelopment of our domestic capital market, some private companies can grow to be a large and strong prosperous company from a very small one, it is great. Qingdao Zhongda Group is such a good case. I hope that some small & medium-sized enterprises can get more experience in money- raising.