Research On Financing Risk Control Of Mezzanine Financing In Chinese Private Enterprises

As the complexity of economic pattern,the traditional pure equity financing or debt financing,even two hybrid way of financing are cannot increasingly meet the gambling between investors or the issuer's position.The growing space between debt and stock has spawned a more diversified use of financing,as well as the emergence and growth of the intermediate-level financing tool.Moreover,the development of China economic,enterprises upgrading and market reforms will definitely increase the demand for venture capital,which creates a favorable opportunity for the development of mezzanine financing.Because mezzanine finance is the new financing way that match the structure and function of the corresponding financial cash flow,and the risks and benefits are moderate,and can better solve growing period private enterprise financing problems,which open up a new ways of financing.This paper demonstrates how to prevent and defuse the financing risk of private enterprises.Firstly,Based on the analysis of the relevant literature about the financing and risk control of the mezzanine at home and abroad and the specific situation of mezzanine financing in the CFLD,the theoretical basis of the risk control mechanism of the private enterprise mezzanine financing is established.Then based on the previous analysis,the corresponding countermeasures and suggestions are put forward.On the research methods,choose the mezzanine finance risk of CFLD company as the research object,reading and summarizing the domestic and foreign related literature of mezzanine financing and risk control,from private enterprises financing problems,through the analysis of the way of mezzanine financing risk Formation causes,draw lessons from experience,using case analysis method and inductive method,The paper puts forward the risk control which can be taken by mezzanine financing in CFLD.At the end,the author puts forward some corresponding policy opinions on the risk control mechanism of private enterprise mezzanine financing.The main contribution of this article,Firstly,this paper analyzes the risk of the mezzanine financing of CFLD,and concludes that four types of mezzanine financing risks: the payment risk,the interest rate risk,the agreement risk and the legal risk.Then,the paper analyzes the risk and cause of the mezzanine financing risk of CFLD,and finds that CFLD has great influence on financing risks in the process of mezzanine financing.Finally,this paper puts forward some specific Suggestions on the risks of CFLD mezzanine financing based on the previous analysis: firstly,The payment risk of mezzanine financing is proposed to improve the solvency of CFLD and establish the fund management system to ensure the flow of funds.Secondly,according to the interest rate risk of mezzanine financing,the scale of the mezzanine financing and the financing mode according to the financial condition of CFLD are put forward.Thirdly,In view of the mezzanine finance risk of interest rate risk in view of the mezzanine financing deal the CFLD fully consider their own conditions and reasonable setting mezzanine financing agreement standard put forward reasonable to determine the size of the mezzanine and according to the CFLD financial situation choose the financing way.Fourthly,Aiming at the legal risk of mezzanine financing,this paper proposes to improve the legal system of mezzanine financing and the related laws and regulations concerning mezzanine financing.Finally,the research results of this paper can be used for reference and reference for the identification and control financing risk of private enterprises in China.