Analysis Of The Financing Effects Of Beijing Capital Eco-Environment Protection Group Co.,Ltd’s Infrastructure Public REITs

With the rapid development of the economy,the government’s attention to environmental pollution issues has grown,leading to intensified efforts in various regions across the country to combat air pollution,restore ecological balance in rivers and lakes,address soil contamination,control road dust,and improve rural environments.As a result,the environmental protection industry and related infrastructure development have experienced significant growth,requiring substantial financial support.To alleviate the financial pressure on enterprises,address the bottlenecks hindering their development,and promote the growth and strength of the environmental protection industry,the government has implemented a series of policies since 2014 to encourage enterprises to raise funds through innovative financing methods.Beijing Capital Eco-environment Protection Group Co.,ltd,following national policies and seizing the opportunity,issued infrastructure public REITs in June 2021.Compared to traditional financing methods such as bank loans and bond issuances,this approach allows for faster access to funds at a lower financing cost,resulting in mutual benefits for both the enterprise and the fund company.By leveraging this financing to drive enterprise development,expand production,and upgrade operations,significant wealth creation can be achieved within a short period.Therefore,as the first enterprise in the environmental protection industry to engage in infrastructure public REITs financing,a new pathway for enterprise financing has been opened.By studying the effects of this financing,this research provides insights and recommendations for the enterprise and stakeholders.It contributes to a better understanding and evaluation of the role and value of infrastructure public REITs financing in enterprise financing and the growth of the environmental industry.This study employs the methods of literature review and case study to analyze the event,drawing on the theoretical foundations of exogenous growth theory,pecking order theory,and value evaluation theory.It provides a comprehensive analysis of the case company’s infrastructure public REITs,including an examination of the product elements,issuance process,and underlying motivations.Furthermore,an assessment of the financing outcomes is conducted from both financial and non-financial perspectives.From a financial standpoint,the financing of infrastructure public REITs offers the case company a stable source of funds and alleviates its debt burden.From a non-financial perspective,this financing method enhances the company’s brand value and social image.In conclusion,this study presents relevant conclusions based on the aforementioned analysis,enabling a better understanding and assessment of the role and value of this financing tool in corporate financing and asset allocation.This research provides valuable insights for environmentally conscious enterprises in terms of fundraising,operational management,and investment decision-making,ultimately improving their financing efficiency and reducing financing costs.