Refinance Methods And Choices Of Listed Companies

With the continuous improvement of China's securities market,more and more companies have begun to seek listing,raising more funds through the securities market,to maximize the company's rapid development.At the same time,the establishment,growth,and all day-to-day business operations of a company are fundamentally linked to its financing activities.Refinancing provides a source of funding for the continued development of listed companies and is an indispensable and important way for corporate growth.It is also an important way for companies to achieve optimal capital structure.There are mainly three ways of refinancing,including allotment,additional issuance,and issuance of convertible corporate bonds.Enterprises should choose their own refinancing methods based on their actual needs.The choice of refinancing method must consider the size of the company's assets,its capital structure,and the level of risk that bondholders can bear.The choice of a refinancing solution for the company itself is not only to improve the financial status of the company,but also to promote the rapid growth of the company and the formation of economies of scale.Many researchers have shown that most enterprises in China prefer the type of equity refinancing.However,this option does not necessarily apply to all listed companies.Since the early 1990s,the number of listed companies that issue convertible bonds to refinance has gradually increased,and the convertible corporate bond market has developed rapidly.Convertible bonds have now become a key consideration for listed companies to refinance.This article will deeply analyze the selection of refinancing methods for camel shares and choose a refinancing plan suitable for camel shares.The main research object of this article is the selection of refinancing solutions for camel shares.Through literature retrieval,quantitative and qualitative analysis and other methods,the refinancing methods and refinancing methods of listed companies are studied,and different financing methods are applied to economic markets and corporate capital.The impact of the structure is analyzed.At the same time,a comparative analysis of these refinancing programs will be carried out to select the appropriate refinancing plan that combines the current status of Camel,the company's internal and external environment,and China's macroeconomic situation.After fully learning the experience of domestic and foreign companies in the selection of financing methods,the company,which focuses on the listed company of camel shares,focused on the impact of convertible bond refinancing on listed companies,and analyzed the advantages of the convertible bonds issued by camel shares.And combined with the current asset structure and financial status of the company,a systematic and comprehensive feasibility analysis was conducted on the issue of refinancing convertible bonds.The results of the study indicate that issuance of convertible bonds is the best choice for the refinancing of camel shares,and after the issuance of convertible bonds,the financial structure of the company will be effectively improved,improving operational capabilities and financial quality.Based on the choice of corporate refinancing methods and the status quo of China's capital market,this paper puts forward a series of countermeasures and suggestions to improve the effectiveness of the refinancing market and further promote the vigorous development of China's refinancing market.