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A Strategic Study On Financing Capability Of Capital Market In Inner

Posted on:2014-04-08Degree:MasterType:Thesis
Country:ChinaCandidate:L P FangFull Text:PDF
GTID:2279330428984625Subject:Senior management of Business Administration
Abstract/Summary:PDF Full Text Request
The moment, the Chinese economy is facing a big problem,"More enterprises with difficult financing; More funds with difficult investment." Further enhancement of capital markets capabilities to the direct financing will be an important way to solve this problem. As an important tool to adjust economic structure and promote regional economic development, capital market is becoming integrated with regional economic being an important part of the regional economy during the economic development.Mongolia Autonomous Region has made impressive economic progress after years of building a market economy. However, from the perspective of economic growth area structure, energy region "investment dependence" is still serious, the development of the capital market has become one of the key factors affecting and restricting the rapid economic growth of Inner Mongolia. Therefore, strengthen the financing capacity of Inner Mongolia capital market, expand the area proportion of direct financing effectively, meet the demand for diversified investment and financing of majority enterprises of the whole region, further strengthen the capital market services to the local economy, is a problem worthy of study.In this paper, the overall research ideas are:clarify the theoretical basis and practical significance to use capital market financing function as standing in the strategic height of the whole country, summary and analysis the direct financing of existing capital markets and its advantages and disadvantages providing holistic conceptual framework; through further discussing on details of the direct financing capital market status, problems and causes, put forward the strategic mode field to strengthen financing capacity and some opinions and suggestions under the instruction of the mode base on the advanced experience introduction of the domestic and foreign capital market.Article focuses on the use of quantitative analysis methods to discuss the positive significance that direct financing for the capital market do to promote regional economic development and optimize the regional industrial structure. Through a comprehensive analysis of the direct financing of Inner Mongolia capital market conditions, this essay put forward the details of the existence of three major issues:incompatible with the region’s economic development, low to the indirect financing and low to the national average. Furthermore, it gives out the main three causes composed of small number of listing Corporation, some listing Corporation refinance ability is insufficient and the scale of bond financing needs further expansion.Stones from other hills may serve to polish jade. Through the comprehensive analysis of the U.S., Hong Kong and Beijing, Shanghai and other developed countries or regions of advanced experience and practice, the paper summarizes the three major strategic modes to strengthen the financing capacity which is formulating development outline, building a multi-level equity markets and developing the bond market. Under the framework of the strategic model, the strategies and recommendations to enhance the capacity of Inner Mongolia capital market financing are put forward hoping it can better serve the local economic and social development and achieve capital markets and regional economic harmony and win-win.
Keywords/Search Tags:capital market, finance, strategy, research
PDF Full Text Request
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