Research On Financing Strategy Optimization Of FDCC City Investment Company

City investment companies appeared in the 1990 s,mainly in order to solve the problem of separation of the two powers in the management of urban construction funds,making the financing of urban construction funds more abundant and enriched.Among them,the regional city investment company,which is the leader of the local economic development,is particularly important.In 2017,the six ministries and commissions jointly issued document No.50 "Notice on Further Regulating Local Government's Debt Financing Behavior",emphasizing the importance of local government's debt risk prevention work,and warning against illegal debt borrowing behavior of city investment platform companies.On March 9,2018,the National Development and Reform Commission issued the Notice on Implementing the Key Tasks of Promoting the New Urbanization Construction in 2018,which stated: "Classify and Steadily Promote the Market-oriented Transformation of Local Financing Platform Companies,strip off the functions of government financing,and support the financing platform companies in transition and the public welfare state-owned enterprises after transformation to comply with the law." Undertake government public welfare projects.Since then,the regional urban investment companies that have endorsed government endorsements and financial institutions' past support have gradually lost their historical debt pressure and new project funding needs.Under the background of the current market-oriented transformation of city investment companies,regional city investment companies want to continue to maintain the leadership advantage of local regional development,highlight the financing capacity of regional construction and development,gradually reduce or even get rid of the dependence of policy income such as financial subsidies,expand the proportion of operating income,and take the path of sustainable development.Road,the company must break the existing financing bottleneck,improve and optimize financing strategies according to the current situation and future development needs of enterprises.Based on the relevant theories of financing and the related research results at home and abroad,this paper proposes to build a framework for optimizing the financing strategies of regional city investment companies.Taking FDCC City Investment Company as the research object,through the introduction of its basic situation and the analysis of its financing status,find out the financing demand of FDCC City Investment Company.Then,through the analysis framework of financing strategy optimization,use SWOT analysis method to analyze its financing competitiveness,and analyze and calculate the financing mode and financing cost of its actual demand.The article sorts out and analyze the optimization scheme of low financing cost strategy,the optimization scheme of low financing risk financing strategy and the optimal capital balance one by one.The feasibility of the structural strategy optimization scheme will ultimately help FDCC City Investment Company to choose the optimal financing strategy optimization scheme,help FDCC City Investment Company to solve the financing dilemma,improve its financing adaptability to future development,and successfully realize the market-oriented transformation.The innovation of this paper lies in placing FDCC City Investment Company in the market competition environment,analyzing the modern enterprise chasing value maximization perspective,and constructing financing strategy optimization analysis framework to start from the actual capital demand of enterprises and financing methods.The financing cost,financing risk,capital structure and financing competitiveness are analyzed one by one,and the financing strategy optimization plan is formulated and selected.It has certain theoretical value and practical guidance for the current regional city investment company to upgrade and optimize the financing strategy in the market transformation.