The Case Analysis Of Hui Yuan Utilize Mezzanine Finance

Mezzanine financing is a combination of equity financing and debt financing innovative financing way, originated in the U.S. junk bonds, initially in the form of a mezzanine loan applied to real estate enterprises, after continuous development, its unique stock of debt combined with the characteristics in enterprise merger, acquisition and reorganization, IPO and management can play a unique role. Mezzanine fund development abroad, mezzanine capital share in the international capital are also increasing year by year, but because of more stringent capital controls, domestic law on the lack of specific provisions of the mezzanine, and lack of capital market in the financial system to support the supply of mezzanine financing and exit. so domestic mezzanine finance always can only be used within the scope of the shallow. But as the open of the RMB, interest rate marketization process speeds up, the trend of financial mixed management is more and more obvious, the domestic capital controls is to relax, intensity of competition in financial institutions, domestic capital of the application of more diverse, hierarchical, mezzanine finance, as a kind of equity financing and debt financing in the middle of the financing way, the risks and benefits are relatively moderate, at this moment of change is a development opportunity.This paper introduces the Hui yuan mezzanine finance condition, using the typical cases of financial mixed operation mode dialysis the use of the whole of the mezzanine finance theory and practice., after analyzed the Hui yuan's situation, from the Angle of supply and demand, combined with the characteristics of the mezzanine finance analysis why choose mezzanine, summarizes the successful experience of the mezzanine, judge the mezzanine finance in can play a role in the operation and development of the enterprise. Secondly, analyzes the domestic enterprise from the process of Hui yuan mezzanine financing mezzanine finance faces several obstacles. With the continuous development of mezzanine financing, for the financial control is also gradually relaxing at home, legal policy and the financial environment and the enterprise is in progress to the use of the mezzanine, but currently the biggest problem is the imbalance between supply and demand of the development of mezzanine financing, the paper summarizes the use of the mezzanine finance mode, analysis on the mezzanine financing supply and demand in the process of the existing problems and combining with the unique mezzanine finance risk solutions is put forward, from the mezzanine using various angles increase the utilization level of the mezzanine finance. In a nutshell, mezzanine financing will be the domestic enterprise financing a new model, will bring great change to the use of domestic capital.