Financial Effect Evaluation Of Debt Restructuring Of Jiazhaoye Company

With the trend of global economic development and change becoming more and more significant,the competition between enterprises is more intense.Some listed companies will fall into financial difficulties due to defects in internal governance structure,improper corporate strategic decisions and other reasons.Debt restructuring,as one of the ways to get rid of financial difficulties,has been favored by many listed companies.However,whether the debt restructuring behavior of listed companies can have a positive impact on financial benefits and promote the sustainable growth of corporate financial benefits is the focus of academic research on corporate debt restructuring behavior,which is also the focus of this study.Debt restructuring is to improve the overall quality and profitability of the company.Debt restructuring is an eternal theme for the capital market to re integrate its internal and external business activities in various ways.With the healthy development of China’s securities market,there are endless cases of private enterprises restructuring state-owned listed companies.In the capital market,debt restructuring is a common topic.With the development of the securities market,more and more private enterprises have restructured state-owned listed companies.Jiazhaoye Group is a rapidly developing private enterprise in Zhejiang Province.After successfully borrowing from Shanghai White Cat,the company carried out a series of debt restructuring.This paper aims to analyze and evaluate the above-mentioned debt restructuring behavior.In the process of research,this paper extensively collects and collates research literature in relevant fields at home and abroad.By drawing on the existing research theories and experience,combined with the typical cases of debt restructuring of Jiazhaoye Group,the paper adopts the methods of literature research,case analysis and comparative analysis to conduct research and discussion.Based on the basic situation of Jiazhaoye Group,this paper expounds its debt crisis performance and the plans adopted for debt restructuring at home and abroad,and analyzes and evaluates the debt restructuring of Jiazhaoye in detail from the basic theory of debt restructuring of listed companies in China.The innovation of this paper is that this case is the first case of real estate overseas bond default and debt restructuring in China.At present,there are few cases and relevant documents involving overseas debt restructuring.Taking the debt restructuring of Jiazhaoye as an example,the article points out the particularity of its family business in debt restructuring,and equity concentration will be more beneficial to debt restructuring.Based on the basic theory,this paper discusses the current situation and problems of the financial effect of the debt restructuring of Jiazhaoye Group under the current economic system in China,and puts forward improvement countermeasures according to the existing problems.