Under The Mode Of Combination Of Industry And Finance Research On The Capital Structure Of CNPC

At present,to help promote the development of the real industry economy.80%of the world's top 500 enterprises and the financial industry turn to financial capital.The import volume of crude oil in China is the first in the world,and the consumption is the second in the world.The economic development and the development of petroleum industry in China complement each other.In order to centrally manage the group's funds and facilitate the pooling and settlement of funds,PetroChina established the PetroChina Finance Company in 1995,which is the first step forward for the PetroChina Group to move towards a mode of combination of production and finance.In 2017,the PetroChina Group carried out the reform of mixed ownership.Through asset replacement,the introduction of strategic investment,etc.,will belong to the 10 Financial enterprises should be reorganized and integrated.Under the mode of combination of industry and finance,the resources of oil and gas industry chain are deeply excavated,and the best path of financial service real economy is explored.This paper studies the capital structure of PetroChina Oil and Gas Co.,Ltd.,which is owned by PetroChina Group,first briefly introduces the general situation of PetroChina,and then implements the diversification strategy from obtaining funds,reducing costs,obtaining rich profits and implementing diversification strategy.This paper analyzes the motivation of PetroChina's strategy of combining industry and finance from four aspects of enhancing its international competitiveness,and then describes the history of the combination of industry and finance of PetroChina from 1995 to the present.Finally,through the scale and profitability of the company,The solvency operation ability analyzes the overall management situation of PetroChina Company,and understands the development situation and existing risk of PetroChina Company.Combined with PetroChina's Through the analysis of financing structure and debt structure,this paper studies the capital structure of PetroChina under the mode of combination of industry and finance,and finds out the problems existing in the ownership structure,debt maturity and financing channels of PetroChina under the mode of combination of industry and finance.This paper analyzes the reasons behind these problems and puts forward the optimization scheme.The innovation of this paper lies in combining the strategy of combining industry and finance with the capital structure,deeply analyzing the influence of this model on the management condition and capital structure of the company.discovering the financial risk under this model,and putting forward the corresponding plan.The reform of state-owned holding enterprises is the key to the economic development of our country.The reform of economic system and development mode of state-owned holding enterprises can not only promote the development of small and medium-sized enterprises.It also plays an important role in the task of building a socialist economic market with Chinese characteristics.This article hopes to explore the way of the reform of the state-owned enterprise system,forge "the most important weapon of the country",build the "Chinese brand",and help "the rise of China".