The Financing Research Of State Owned Enterprise

At present,China’s state-owned enterprises especially large state-owned enterprises financing problem has not been fundamentally resolved,the diversification of financing channels,high financing behavior and capital structure diversification has not formed,serious impact on the steady implementation of China’s state-owned enterprises especially large state-owned enterprises technology innovation and the strategy of "going out".This paper takes A company as an example of empirical research,analysis of the financing of large state-owned enterprises in our country,explore the new situation to solve the financing of large state-owned enterprises in our country to the rational strategies and capital structure optimization.On the basis of comparative analysis and reference of the system proposed a large state-owned enterprise to crack the problem of financing and capital structure optimization strategies.And combined with the A large state-owned enterprises in recent years and the next annual production and business plan as an example,gives the next year financing plan.Through the financial statements and financial analysis of A large state-owned enterprises in recent years,that the impact of A large state-owned enterprises financing problems are mainly:1、the financing structure is single institution;2、the external financing environment,established credit system is not perfect;3、the main use of debt financing and equity financing ratio does not match.By analyzing the industry advantages and leading position of A large state-owned enterprises,this paper argues that A enterprises can effectively solve the above problems by the following ways:1、enhance its own credit system construction;2、rationally use equity financing method;3、rationally use corporate bonds financing;4、scientifically use notes,trade,financing mode,financing;5、make great efforts to optimization the relationship between banks and enterprises,the use of bank loans,improve existing financing mode to ensure that the annual demand for funds.This study is conducive to innovation and research paradigm of the financing problem of large state-owned enterprises in China is conducive to China’s large state-owned enterprises to accelerate technological innovation and enhance the core competitive force,is conducive to better Chinese large state-owned enterprises to participate in international competition.