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论文编号：	14338
作者编号：	2320213571
上传时间：	2023/12/12 9:30:57
中文题目：	Q城投公司的融资问题及其优化对策研究
英文题目：	Research on the Financing Problems and Optimization Strategies of Q City Investment Company
指导老师：	覃家琦
中文关键字：	城投公司；新形势；融资问题
英文关键字：	Municipal Investment Company；New situation；Financing problem
中文摘要：	摘要 随着城市投资公司的不断扩张，出现了一系列诸如高度负债、偿债压力逐步上升、投资回报不足、市场化水平较低等复杂问题。同时，我国的金融监管环境和政府财政收入格局正在发生重大变革，土地财政收入也经历了显著的演变。在资本市场融资条件日益紧张和新政策环境下，如何促进城市投资公司的可持续健康发展，成为城市投资公司自身发展以及所在地区经济运营的重要议题。 本研究基于上述背景，旨在探讨国有平台公司在融资方面面临的困境以及提出相应的改进措施。首先，本研究综合总结了国有平台公司的企业性质、融资方式、融资困境和应对策略等领域的研究成果，以获取最新研究动态。其次，重点阐述了理论基础，包括国有平台公司的历史发展、融资渠道和融资方式，为后续研究提供了坚实的理论基础。 接着，本研究以Q城投公司为案例，通过实地调查获取了该公司的经营数据和发展资料，并深入研究了其融资问题。研究结果表明，Q城投公司面临融资还款来源单一、融资还款过于集中、融资渠道过于集中、债务融资占比过多、对外融资担保余额过大等多方面融资问题。结合新的环境背景，针对Q城投公司的融资挑战，本研究提出了新形势下的融资策略。在融资方面，积极推进产业结构升级，减少对土地财政的依赖来改变自身的竞争力，最终实现融资能力的提升；努力拓宽融资渠道，去探索、尝试更多的融资工具和渠道，以达到扩充融资规模和降低融资成本的效果；加强融资决策者的融资专业能力，优化融资决策流程，让融资金额和期限能与公司实际需求、未来经营能匹配，达到优化债务的效果；优化融资结构，减少债权债务占比，提升权益融资比例，最终实现降低资产负债率，提升风险抵抗能力；科学管理集团子公司，规范企业关系，减少不必要的关联交易，提高对外担保的合理性和有效性，建立完善的担保体系。 通过对Q城投公司在新环境下融资策略的深入分析，本研究旨在为类似城投公司的发展提供有益借鉴，为进一步研究融资策略的有效应用提供参考。
英文摘要：	Abstract With the continuous expansion of urban investment companies, a series of complex problems have emerged, such as high debt, increasing debt repayment pressure, insufficient investment returns, and low marketization level. At the same time, China's financial regulatory environment and government revenue pattern are undergoing significant changes, and land revenue has also undergone significant evolution. In the increasingly tense financing conditions of the capital market and the new policy environment, how to promote the sustainable and healthy development of urban investment companies has become an important issue for their own development and the economic operation of the region where they are located. Based on the above background, this study aims to explore the difficulties faced by state-owned platform companies in financing and propose corresponding improvement measures. Firstly, this study comprehensively summarizes the research achievements in the fields of corporate nature, financing methods, financing difficulties, and response strategies of state-owned platform companies, in order to obtain the latest research trends. Secondly, the theoretical basis was emphasized, including the historical development, financing channels, and financing methods of state-owned platform companies, providing a solid theoretical basis for subsequent research. Subsequently, this study took Q City Investment Company as a case study, obtained business data and development information of the company through on-site investigation, and conducted in-depth research on its financing issues. The research results indicate that Q City Investment Company faces various financing problems such as a single industry, excessive concentration of financing repayment, excessive concentration of financing channels, excessive proportion of debt financing, and excessive balance of external financing guarantees. Based on the new environmental background and the financing challenges of Q City Investment Company, this study proposes financing strategies under the new situation. In terms of financing, actively promote the upgrading of industrial structure, reduce dependence on land finance to change one's competitiveness, and ultimately achieve the improvement of financing capacity; Efforts should be made to expand financing channels, explore and try more financing tools and channels, in order to achieve the effect of expanding financing scale and reducing financing costs; Strengthen the financing professional ability of financing decision-makers, optimize the financing decision-making process, match the financing amount and term with the company's actual needs and future operations, and achieve the effect of optimizing debt; Optimize the financing structure, reduce the proportion of debt and debt, increase the proportion of equity financing, and ultimately achieve a reduction in asset liability ratio and enhance risk resistance; Scientifically manage group subsidiaries, standardize enterprise relationships, reduce unnecessary related party transactions, improve the rationality and effectiveness of external guarantees, and establish a sound guarantee system. Through in-depth analysis of Q City Investment Company's financing strategies in the new environment, this study aims to provide useful reference for the development of similar city investment companies and provide reference for further research on the effective application of financing strategies.
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