Research On The Financing Mode Of My Country's Military Industry Enterprises

With the rapid development of the market economy,the risks and opportunities for the development of China's military industrial enterprises coexist.There are many problems in the military enterprises of the current period,and it is also a difficult task on the road to reform.It is imperative that the economic situation be transformed and upgraded.Reform and innovation are what China's military-industrial enterprises have been trying hard to do.However,because our country's planned economy still occupies a certain controlling position in the military-industrial enterprises,this road has not gone so smoothly.After the reform and opening up,although the dominant position of the market economy has been determined,the source of funding for most military enterprises depends mainly on the central government.In order to successfully transform and upgrade,how effective financing has become the number one problem,many military-industrial enterprises are even faced with the risk of production failure due to their inability to effectively finance.An important reason why military enterprises cannot effectively finance is the problem of financing channels.Under the economic environment where market economy is prevalent and capital operation is dominant,it is clear that the financing channels of military-industrial enterprises are traditional and single.Therefore,military enterprises urgently need to use market-based capital and continue to explore diversified financing models.In recent years,China's military-industrial enterprises have raised more than 160 billion yuan in capital markets through capital markets.The Chinese government has paid more and more attention to the strength of the market.A strong national defense can not be separated from the support of the capital market.After understanding the importance of social capital for the development of a military-industrial enterprise,we can still find that the degree of utilization of the capital market by China's military-industrial enterprises is not large enough.For example,China's military-industrial enterprises have an asset-to-equity ratio of only about 30%.The core departments like military research institutes are still not involved in the financing wave of the capital market,or there is a phenomenon that they cannot fully utilize corporate resources.From this perspective,China's military enterprises do have a long way to go.Of course,our Party and the government have also realized this point.The40 years of reform and opening up allowed us to understand the importance of market-oriented enterprise reform.In the near future,apart from some strategic equipment,China's military-industrial enterprises will have more in-depth integration with the market.This paper starts with the evolution of the financing model of China's military enterprises,summarizes the problems and causes of its financing,summarizes the existing traditional financing models,and proposes new financing models.Then analyze the financing status and characteristics of listed military companies,and pave the way for the case analysis of J industry enterprises.Then take the J military industrial enterprise as an example to analyze its financial situation and financing requirements in depth,and then design a financing combination scheme suitable for it and use the J company's production line as an example to try to explore the PPP financing model.Finally,make suggestions in different perspectives.