An Empirical Study On The Impact Of Financial Constraints On The Export Margins In China's Manufacturing Industries

With further promote the policy of new rural construction and urbanization,as well as the country to support the "three rural" and inclusive financial value,the reform of rural financial increment effect gradually,the rural financial institutions in rural banks,led by the massive expansion of rural areas,inhibit the informal financial activities has played a good role,but also make the contribution to the national control of systemic risk.But at the same time,the Basel agreement in the domestic implementation of the rural financial institutions in the capital adequacy rate put forward higher requirements,a large number of rural financial institutions founded in the beginning did not take into account the capital constraints on the future development of the Limited registered capital of domestic rural banks is generally low,the tighter regulation of the situation have encountered in development bottleneck.The choice of the channels,the way to supplement their own capital,to avoid regulatory constraints,it has become an important issue facing today's rural banks.In this paper,the A rural bank in Hunan,Xiangxi Province as the research object,in the field of research and investigation,according to its actual conditions and the regional environment for its tailor-made capital increase program to supplement the capital.The capital increase plan design is divided into three parts:the first part discusses the A rural bank financing motivation,carry out comprehensive investigation in the financial data and the history of the A rural bank,according to the Commission for the two regulatory standards of rural banks,starting from the angle of measurement of risk weighted assets,analyzes the urgency of capital,and estimates the future bank capital gap;the second part is to build the framework of financing mode,starting from the capital gap perspective,analysis of the merits of various financing methods,and ultimately determine the best way to increase their investment in A Rural Bank supplementary capital,the capital increase the issuance price determination is analyzed and calculated.The third part is discussed;and the design problems of the implementation phase,including the allocation of additional object selection,placement and share of ESOP Finally,the future development of the bank after the implementation of the program to predict and give recommendations.This paper tries to design a more comprehensive framework,balance the scale of assets,profit model,ownership structure,regional situation and other aspects of capital investment,many aspects involved as much as possible and to cover,the A rural bank as an example,the design of a relatively comprehensive and operable plan,will and this paper provides a reference for the future to increase their investment in rural banks.