ResearchontheoptimizationoffinancingstrategyofCXUrbanInvest Mentcompany

City investment company is a local government direct investment and investment enterprises,in the administrative area to undertake major municipal engineering projects.The Chinese economy’s swift growth and urbanization have caused the financing of city investment companies to become scarce;currently,the only options are financial fund and bank loan,which are inadequate to meet the current needs of urban development.This has led to the emergence of a plethora of new financial products,many of which have been successfully implemented in both domestic and foreign markets.However,the increasing demand for funds and the increasingly strict supervision and assessment system increase the financing difficulty and high financing cost of urban investment company.In the long run,this will affect the company’s capital turnover and the security of local governments.It is crucial to change the traditional extensive financing mode,reduce the company’s financing cost and increase the company’s financing efficiency.CX City Investment Company is a major infrastructure and state-owned enterprise in Liaocheng Economic Development Zone,which is of exemplary significance.CX City Investment Company is the focus of this paper,which delves into its current predicaments and proposes solutions.This article takes CX Urban Investment Company as the research object,based on pecking order financing theory,information asymmetry theory,and principal-agent theory,to sort out the current financing situation,existing problems,and reasons of CX Urban Investment Company.There are three main problems in CX Urban Investment Company’s financing:a single financing model;High financing costs;High debt repayment pressure;By constructing an AHP model for financing decisions of CX Urban Investment Company,the article obtains the preferred financing methods in financing decisions of CX Company,and then calculates the financing costs of different financing methods,proposes possible financing strategy optimization plans and combinations.Finally,combining the actual situation of the company,it proposes two innovative financing products,namely,low-carbon transition corporate bonds and accounts receivable financing,Some suggestions are proposed for the optimization of the company’s existing financing management model and the revitalization of existing assets.Finally,the article also proposes safeguards for the optimization of the financing strategy of CX Urban Investment Company,mainly including:strengthening government enterprise cooperation,accelerating market-oriented transformation,improving enterprise credit rating,and preventing hidden debt risks.As is typical,this paper employs CX City Investment Company as its research object.It can not only provide ideas for its own financing strategy optimization,but also provide references for companies in the same industry to improve financing efficiency and optimize financing strategy.This research has certain theoretical and practical significance.