The Research On The Improvement Of Investment And Financing In Yueyang City Investment Corporation

Yueyang City Construction Investment Limited Company has played a great role in the construction of local urban infrastructure since its establishment.However,as an investment company undertaking the function of financing or investing for commonweal projects,Yueyang City Construction Investment Limited Company,exhibits obvious administrative characteristics,leading to its business independence being questioned by the market.To some extent,this also causes the current "stubborn illness" of high liabilities and weak profitability.In recent years,the State Council has promulgated a series of policies to rectify the financing behaviors of local governments,raising the local government debt management to a high level of safeguarding national security.Under the background that the government rectifies the debt and starts to clean up the shell company,it is very important for Yueyang City Investment to accelerate the market-oriented improvement of investment and financing business.Meanwhile,clarifying the relationship between government and enterprises,enhancing the profitability of investme nt business and relieving the pressure on existing debts' payments are beneficial to the future development of Yueyang City Investment and the smooth operation of local economy.This paper briefly introduces the historical evolution and organizational st ructure of Yueyang City Investment Limited Company.After analyzing the relevant economic policies,this paper introduces in detail the operation of its existing investment and financing business,and separately explored the main problems in Yueyang City Investment Limited Company's investment and financing business.The major problem exposed in the investment business is the inadequate investment income,which is caused by the single business model and the thick administrative color.The problems in the financing business can be attributed to the severe financing situation and the lacking of risk supervision.As for the proposed problems,six measures are put forward,including standardizing decision-making process before investment,improving investment management,innovating financing tools,strengthening risk supervision,and proposing implement steps.In addition,this paper also proposes the implementation steps and the safeguard measures for the improvement plan,including policy support,funding support and budget assessment.Finally,this paper measures the effects expected from three dimensions: investment return,capital structure and function orientation.To avoid systemic risks caused by over radical reform,the successful implementation of Yueyang City Investment Limited Company's improvement program should be conducted progressively.If Yueyang City Investment Limited Company can seize the opportunity to implement various improvement measures with the support of local government policies,its existing investment and financing business will be actually improved.