Research On The Bond Financing Of City Investment Platform W Company

At the end of 2019,an outbreak of novel coronavirus occurred in Wuhan.Due to the particularity of the business of the city investment platform,Wuhan city investment group rushed to the frontline of the battle against the epidemic,and actively played the basic role of the city investment platform in ensuring the stable and orderly life of urban people.Urban investment platform is closely related to the life of urban residents,so we should pay more attention to city investment platform company.One of the most important functions of city investment platform is to undertake the financing of government investment projects.In 2019,a total of 3.39 trillion yuan of bonds were issued nationwide,with net financing exceeding 1.20 trillion yuan,that's up 36% and 92% from the same period in 2018,respectively.By the end of 2019,China's stock of urban investment bonds reached 8.8 trillion yuan.This paper selects the non-public corporate bonds issued by W company in 2019 as a case study to explore the whole process of bond financing of urban investment platform.First chapter of this article introduces the relevant research background,significance of the Bond Financing of city's investment corporation,we can find that the platform company had made great contribution to the development of local through the Bond Financing,and then introduced the main research contents and methods of this article.Followed by an overview,the second chapter through the simple analysis of the W company,we put forward the proposal for W company to issue non-public corporate bonds(privately raised bonds)for financing,to support the development of the company.And introduces the preliminary preparation,basic information and issuance process of the bond financing;The third chapter,we analyze the W company's basic situation,main business,financial condition,financial status and risk of the bond financing one by one,In order to ensure that the company can meet the requirements of the regulatory authorities,smoothly carry out the bond financing.Finally,by doing the work in the real discovery and personal feelings,the author puts forward financing problems of the platform company: financing environment is complex,low efficiency,high cost of financing,financial management risk is bigger,and give Suggestions: improve the credit rating,optimization of asset building,actively explore the project,promote the development of transformation.Through the research on the case of W company 2019 non-public corporate bonds,we may safely draw the conclusion that the W company through the bond financing can effectively improve the cash flow situation,broaden the financing channels,strengthen the short-term debt paying ability,promote the company's sustainable development;At the same time we also can draw inspiration from this case that the W company following the national policy closely,integrating resources and active as a revelation and actively planning.Hope can help to other platform company to prepare the financing in the future and be better to undertake the construction of local infrastructure,public services,to improve the well-being of local people,and making arduous efforts for the early realization the China dream that the great revival of the Chinese nation.