Research On The Improvement Of Management Of W Company’s Bond Issuance

Since 2021,influenced by national policies,various local governments have put forward development requirements such as "controlling increment,dissolving inventory",and"deleveraging".As a special type of bond issued by urban investment companies to promote social welfare construction and urban infrastructure project funding,which has been smoothly carried out,it has been gradually and strictly regulated and controlled.On this basis,The state has further proposed a series of regulations to strengthen the supervision and management of local government debt,and the problems existing in the issuance and management of bonds by urban investment companies under this environmental pressure are also continuously exposed.In this context,this paper uses the literature review and case analysis methods to study the issue of W Company’s bonds,and takes the bond financing process as an example.First of all,the existing research is reviewed in combination with the relevant research at home and abroad on the issuance and management of urban investment bonds and urban investment bonds,and the current research status is clarified.By defining the concept of urban investment bonds and urban investment companies and combing the relevant theoretical basis,the following relevant research is provided with strong support.Secondly,it elaborates the general situation of W Company,including the financial situation and the historical bond issuance situation,and combs the economic situation and the bond existence situation of the region where W Company is located;This paper briefly describes the process of bond issuance,including the issuance process and results,the use of funds and debt repayment arrangements.Through the above detailed analysis,it is found that the following problems exist in the issuance management of W Company’s bonds:the high cost of bond issuance,the lack of credit enhancement measures for bonds,the insufficient management of bond raised funds,the risk of default,and the imperfect disclosure of bond information.Based on the existing problems of W Company and relevant theories,this paper puts forward management optimization suggestions in line with the actual situation.It includes improving the issuance cost control,enhancing its own operating capacity,optimizing the company’s internal structure and improving the bond issuance risk management mechanism,and putting forward safeguard measures to ensure the smooth implementation of the above improvement suggestions,specifically for talent security,debt repayment fund security and institutional security.As a municipal urban investment company,Company W should carry out market-oriented transformation with the goal of long-term development,continuously improve its own operating capacity,and optimize the management of bond issuance.Only by making the management of bond issuance more clear can the risk of urban investment bonds issued be truly reduced.This paper takes W Company as the research object,deeply excavates and studies the current situation and existing problems of W Company’s bond issuance,and hopes to put forward effective bond issuance management improvement plan through analysis and research to provide ideas for W Company’s future bond issuance,and also provide valuable reference for other urban investment companies’ bond issuance,so as to ensure the healthy and stable development of China’s urban investment companies.