Research On The Financing Of Subway Project Of Company A

To judge the degree of development of enterprises,we mainly analyze the degree of activity of enterprises in the market competition.The higher the degree of activity of enterprises,the higher the market economic vitality of the region or a country.Since the financial crisis in 2008,many small and medium-sized enterprises in China are facing greater challenges.Especially the deterioration of enterprise financing environment has restricted the overall development of enterprise financing in China.In the future,L city is still in the golden period of rapid development of transportation infrastructure,improvement of service level and economic transformation.The demand for subway development is strong,and the demand for capital is still large.In the current situation of tightening financing channels,highlighting capital contradictions,expanding debt scale,and increasingly prominent financing risks,this paper conducts in-depth research on A company's subway project,analyzes the sources and channels of project financing funds,and deeply analyzes the problems.It puts forward the next step of A company's project financing proposals from the government level,financial institutions level and project unit level,respectively.The company's follow-up project financing activities provide a reference and replicable experience and practices,which is of great significance to achieve a higher quality,more efficient,fairer and more sustainable development of A company's subway project and even L city's overall economy.This paper introduces the basic situation of A Metro project,analyses the existing problems and reasons,and puts forward scientific and reasonable suggestions based on the overall situation of L city and the actual construction and operation management of A company's Metro project.The full text is divided into seven parts: The first chapter is an introduction.The background,research status,research contents and methods of the paper are described.The second chapter is the basic situation of project financing.This paper introduces the concept,characteristics and project differentiation theory of project financing,clarifies the structure of project financing mode,and analyses the project financing mode.Chapter three is the introduction of the subway project financing of Company A.This paper introduces the general situation and progress of L city's Metro project,analyses the characteristics of L city's metro project financing one by one,expounds the decision-making and operation procedures of A company's project financing,and analyses in detail the sources of A company's project financing.Chapter IV is about the problems of project financing in Company A.The existing problems of Metro financing in Company A are analyzed,which are mainly manifested in: imperfect policies and regulations,insufficient support,large demand for funds,widening financing channels,irrational financing structure,urgent need for further optimization,high financing cost,high short-term debt-paying pressure,strict planning control,lack of market competitiveness,low proportion of bill revenue and economic benefits.In contrast,the tax system is imperfect and the construction enthusiasm is weakened.Chapter 5 is the analysis of the reasons for the problems in project financing of Company A,such as insufficient policy support,lack of long-term mechanism,low financial investment,unable to meet the needs of construction and management,serious shortage of repayment sources,and the need to rely on financing.Current financial system constraints,difficulties in obtaining financial support,tightening credit supervision policies,difficulties in innovative financing,and unsustainable construction and operation costs.Higher bill income can not be satisfied,lack of preferential tax policies,affecting the development of construction and operation.Chapter 6 is the countermeasure to the problem of project financing of Company A.There are seven major items: strengthening top-level design,establishing and improving systems,ensuring capital input,meeting construction and management needs,developing diversified financing,ensuring the availability of funds,improving adjustment mechanism,rationally adjusting fares,striving for tax preferences,reducing tax expenditure,rationally allocating resources,comprehensive land use,actively carrying out research and achieving sustainable development.Chapter 7 is the conclusion and prospect.The conclusion of the research is summarized and the prospect of the research on this subject is forecasted.