Research On International Project Contracting Project Financing From The Perspective Of Capital Management

After decades of development, China's international engineering contracting enterprises have gradually in the market place. How to enhance the core competitiveness of enterprises, so that the future of these enterprises sustainable development, project financing and management is one of the key issues.These papers select the project contracting industry as the specific research object. In the process of "going out" of Chinese export enterprises, the financing mode of "credit insurance+export credit" has been used to effectively improve the international competitiveness and further expand the international market. However, there are still many problems in the process of project financing and fund management, which needs further research. Based on the case analysis, this paper puts forward the suggestions to improve the construction of the capital system of China's international engineering contracting enterprises. Can be considered from the project the business model (i.e., the characteristics of the project) as a starting point, to design a suitable financing scheme, take this as the foundation to establish personalized project funds management system, finally determined from the "business model, financing plan, capital management" to "three in one" of the international engineering contracting project funding system.The structure of this paper is as follows:the first chapter is the introduction. Mainly have the research background and the significance, the research method and the technical route, the innovation and the insufficiency and the main research content. The second chapter is the summary of the research and related theoretical basis. A review of the relevant research literature, including information asymmetry theory, principal-agent theory, internalization theory. The third chapter is the current situation of international project contracting industry and project financing. First, it defines the capital system, analyzes the current situation of China's international project contracting market, and probes into the current situation and problems of international project contracting project financing management. The fourth chapter is the analysis of the capital system of China's international project contracting projects. Firstly, comparison of different ways of financing of international project contracting, summarizes the various financing methods exist similarities and differences, to determine the different financing modes and the corresponding mode of funds management has the characteristics and for different projects applicability, and analyzes the international engineering contracting project funds management situation. In the fifth chapter, the specific analysis of the international project contracting and financing management of the Chinese enterprises is carried out in the view of several representative cases. Including credit insurance in international project financing in the application of international project financing Bella Mongolia electric power project. Subsequently, the focus of the M light asset sale loan financing industry chain of funds management model case analysis. The international project of M company to undertake and financing options, capital management system, risk sharing and management and other factors have a more comprehensive discussion. Compare all kinds of cases, find out the problem and put forward the method to solve the problem. In the last chapter, the paper puts forward suggestions on the basis of summarizing the research conclusions, and determines the further research areas.