Research On The Foreign Bond Financing Of State-Owned Forestry Enterprises

With the acceleration of economic globalization step, the competition of resources in domestic and international is growing fiercer. The state-owned forestry enterprises should take this opportunity to expand financing channel and make full use of foreign capital of great advantage to achieve sustained development. Meanwhile, the state-owned forestry enterprises should take this opportunity to create a sound financing environment, build a good mode of marketization. So that the economy of forestry turn into a economy of forest zone, which depends on several ways, multi-wheels, diverse development and is brought in line with the international market closely. Make use of international financing method to establish more financing channels, which adapt to the features of state-owned forest enterprises.This article has analyzed the combination of present situation of state-owned forestry enterprises based on financing theory with the advantage of foreign bond financing, summed up the suggestions of foreign bond financing and the methods. This paper includes four parts, in which expands the status, questions, solutions and design plan. So, the article contents four major parts.Firstly, the first part analyzes the background and theoretical foundation, which puts forward proposals on background, research meaning, domestic and foreign development status and bond financing theory of article essay. It lays down the rigorous footstone for the following study. Secondly, the second part bases on comprehensive analysis of present financing situation of the state-owned forest enterprises and points out the existing main problems of the state-owned forest enterprises. It elucidates that the modern enterprise system of state-owned forest enterprises is rudimentary, the amount and proportion of direct financing is placed in small scale, the funds structure is not rational and the financial environment is poor. All the problems we have come up against must be pressing concerns. Moreover, it analyzes the superiority of foreign bond financing. Thirdly, the third part of this paper includes chapter four and chapter five, this part is attempt to solve the difficult problem of financing and build forestry financial system by analyzing the capital gap of forestry enterprises. Then produce forestry financial support system frame and governmental policy foundation to hold up an attractive environment for "going global". Finally, the forth part is the most important part in full. Take the Jilin forestry industries for example to design foreign bond financing solutions, which including the capital asset pricing, bond issue procedure, bond issue clauses designing and bond pricing.The conclusion is the last achieve of this researching paper that supplies reference and utilize to expand financing channels and improve financing environment. Finally, this paper also provides funding support for the forestry recycling economy and the forest sustainable management.