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Research On Improving Financing Path Of Shandong Railway Construction Investment Co.,Ltd.

Posted on:2018-11-22Degree:MasterType:Thesis
Country:ChinaCandidate:K SongFull Text:PDF
GTID:2359330512990968Subject:Business administration
Abstract/Summary:PDF Full Text Request
With the rapid development of China's railway construction,the railway network has been improved significantly,and the leap in railway construction is an essential help to the sustainable development of China's economy.While the investment burden of local railway has been allocated to local government more and more,how to raise enough capital is a very difficult problem to local government.Shandong Railway Construction Investment Co.,Ltd.was founded in 2008 and aimed to solve the financing problem of Shandong's railway construction and cooperate with China Railway Corporation.The financing activities of Shandong Railway Construction Investment Co.,Ltd.were focused on the 10 railway projects the company invested,and the main financing path are government capital injection,debt financing,public and private partnership,etc.Recently,the company has changed its investment pattern from participate minority share of railway projects to taking controlling interests of a railway project,and the financing path has been changed a lot.It is not practical to use the previous financing path.The company is facing a lot of financing problems such as equity financing channels have not been effectively opened up,lack of market-oriented financing,etc.The company needs to build up a sustainable financing patter,and how to effectively enhance income of railway investment and broaden the financing path are practical difficulties of the company.The essay is guided by classical financing theory and popular PPP financing theory,and based on the financing activities of Shandong Railway Construction Investment Co.,Ltd.after its establishment,gives a systematically analysis of corporate finance structure and pattern,discussing the problems of the company's financing activities and paths.Finally,based on the theory research,the essay brings out several reasonable suggestions for Shandong Railway Construction Investment Co.,Ltd.,which are,improve government financing,Optimize the current equity financing channels,Broaden the debt financing and improve the ability of debt financing.The essay summarizes the common problems,especially the background and causes of the problems,as well as the feasible solutions for other domestic provinces,under the highly similar circumstances,it can not only provide reference for Shandong Railway Construction Investment Co.,Ltd.'s financing activities in the next stage,and more importantly,it is helpful for other provinces to expand financing channels,and step out of the dilemma of the financing activities in railway field.
Keywords/Search Tags:investment and financing platform of local railway construction, capital structure, financing from government, equity financing channel, debt financing
PDF Full Text Request
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