Research On The Factors Affecting The Bond Financing Cost Of Chinese Science And Technology Listed Companies

China has strict and prudent institutional norms for company listing.As a representative of China's high-quality enterprises,listed companies can also be used as an important reference for the operation of Chinese enterprises.On May 19,2015,China proposed "Made in China 2025",and the important foothold of the development of Chinese society is in the technology industry.The economic development continues to improve,and the role of financing activities in the development and growth of enterprises is becoming more and more obvious.The current bond market in China still has greater development potential than the developed countries.The influencing factors of bond financing have also become the optimization of capital market allocation.One of the issues worth exploring.In this context,this paper selects the technology-type listed company A as a specific research object,and explores the important factors affecting the financing cost of technology-based corporate bonds,in order to better optimize the financing costs of technology-type listed companies and improve financing efficiency.This paper summarizes and refines the research on the cost of bond financing by domestic and foreign scholars,and selects the macro factors including economic environment,policy environment and financial market.Meso factors and micro-influence factors include:industry prospects,life cycle,intangible assets,corporate governance,financial status and credit rating.The factors affecting the nine major bond financing costs,combining the above factors with the actual situation of Company A,and conducting qualitative analysis.The research goal of this paper is mainly to explore the influencing factors of the bond financing cost of China's technology-based listed companies,and to discuss how to more effectively control the bond financing cost of technology-based listed companies,in order to more effectively control the bond financing costs of technology-based listed companies.Its own advantages and disadvantages,determine the expected level of bond financing costs,and improve the specific aspects to better improve the efficiency of financing,while issuing other corporate bonds in the bond market with the same type of company and the same industry listed companies Said,has a certain reference,reference significance.