The Discussion About China's Environmental Protection Enterprise Financing Channel

Under the guidance of financing theory at home and abroad, The research methods this paper adopted include empirical analysis and normative analysis combined, qualitative analysis and quantitative analysis combined, comparative analysis and historical analysis combined. This paper focus on how to broad the financing channels of China's environmental protection enterprises, researching the problems related to China's environmental enterprises financing problems, so as to broaden China's environmental protection enterprise financing channel.This paper is divided into six chapters. The first chapter is introduction, introduces the background and significance of this topic, and emphatically summarizes the literature review about environmental protection enterprise's financing review both at home and abroad; The second chapter define the concepts of financing, environmental protection enterprise, and the types of environmental protection enterprise, and then discusses the theoretical basis of environmental protection enterprise financing, there are t sustainable development theory, externality theory, public goods theory; classify the financing channels, according to the different classification standard, the financing channel can be divided into the internal financing channels and exogenous financing channel, direct financing channels and indirect financing channel, equity financing channels and debt financing channels. The third chapter review development status of environmental protection enterprise financing channel, and expounds the status of environmental protection enterprise financing; and on the basis of the third chapter,the fourth chapter summarizes internal obstacles and external barriers of environmental protection enterprises financing channels comprehensively:the internal obstacle have the financing channels is single, lack of innovation, financing cost is higher, the efficiency of financing is low, the financing environment is bad, weak capacity of investment attract, environmental protection enterprises development lags behind; External obstacle have financing body is not clear, dependent on government excessively, fiscal and financial system construction lags behind, not established financing system of environmental protection in conformity with market economy, environmental protection enterprise financing lack of supporting policies, laws and regulations system is not perfected. The fifth chapter puts forward countermeasure according to internal obstacles and external obstacles in environmental protection financing:perfect and innovative environmental protection enterprise financing channels, to build a good financing environment for the environmental protection enterprise, deepen the reform of the environmental protection enterprise, enhance their own strength, Introduce project financing models to solve the bottle neck of environmental protection enterprise financing, play the leading role of government systemic, fuse the financial mechanisms and financial system organic, increase financial system innovation, construct a relatively perfect financing system for China's environmental protection enterprise financing; the sixth chapter is closing section, it summarizes the main conclusions of this study.