| With China’s rapid economic growth, the Shanxi coal industry has experiencedrapid development in the golden years. High growth companies make a lot of coal toforget the risk of blind expansion financing and market demand plunge, resulting in alarge number of enterprises to make ends meet, contradictory and performance loss duefinancial obligations continue between the coal industry has greatly enhanced the risk offinancial crises. Therefore, the research article on financial risk conduction mechanismof coal and preventive measures, not only promote the healthy development of coal inShanxi Province and the financial sector, the slowdown of the economy under the newnormal how to maintain sustainable economic development in Shanxi Province alsohave a positive Significance and guidance.This paper uses the literature analysis, descriptive statistical analysis and empiricalanalysis and case studies combining method, first in theory, finance and Shanxi Coal oncoal theoretically financial risks are described, followed by coal price riskcharacteristics empirical analysis, and then combined with the Shanxi Coal financialrisk cases, couplet Sheng Group funding strand endanger the whole financial ecosystemShanxi Datong Coal Mine Group restructuring and capital operation to achieve awin-win Zhangze Power Financial typical case of two coal analysis. Finally, from thefinancial market instruments, corporate, financial institutions and government, fourlevels constructed Shanxi Coal financial risk prevention system, to provide reference fordecision-making in Shanxi financial system reform and innovation, so as to furtherpromote the healthy development of coal in Shanxi finance proposed Precautions coalfinancial risks.The innovation of this project lies in: First, under the pressure of the economicdownturn large new normal background research on coal financial market risks, to someextent, improved the coal finance theory system, but also contributed to a betterunderstanding and prevention of coal enterprises various financial risks; and second,through couplets Sheng Group and Datong Coal Mine coal enterprises classic case oftwo recent analyzes, summarizes the lessons and experiences from coal financial riskprevention point of view of both positive and negative. Third, enterprises, financialinstitutions, governments, and financial market instruments, four levels constructedShanxi Coal financial risk prevention system, to provide reference for decision-making in Shanxi financial system reform and innovation, so as to further promote the healthydevelopment of coal finance. |