| The realization of sustainable development is a general trend for econonic development in future, and the research on sustainable development of industrial enterprise is currently at the frontier and a key project to theoretical and academic research. Iron and steel industry is an important fundamental industry of national economy, and is an integral part of the industrial system in China. With the growth of fixed assets investment and the rapid development of dominant industries as automobile, real estate, equipment manufacturing industry, etc in China, the demands from society on iron and steel products maintain a high growth rate over a long term, however, the iron and steel enterprises are highly energy-consuming and highly contaminating, and the traditional industrialized road with the cost of large amount of resource consumptions, severe environmental pollution, and destroying of ecological environment shall be strictly prohibited in the process of rapidly developing iron and steel industry. The research on sustainable development of iron and steel industry has important theoretical and realistic significances. Meanwhile, one of the important functions of financial market is to accelerate the rational allocation of capital resources, that is, to exert the directing function on resource allocation through guiding the capital flow. Because the financial market, particularly the direct financing market is equipped with a strong appraisal, selection and supervision mechanism, the capital flow is attracted to the departments with high profits, thus the function of optimized resource allocation is indicated.The research in the thesis creatively and organically combines the comments on sustainable development of iron and steel enterprises, the eco-efficiency issues and the resource allocation issues of financial market, which is not only conducive to accelerate the improvement of resources and energy efficiency of iron and steel enterprises, and to realize sustainable development, is but also more beneficial to the further perfection and scientific of resource allocation function of financial market, and is evidently accelerative to the development of financial market itself. The thesis mainly consists of the following several parts.First, the historical background and development trend of sustainable development is discussed in details, and the influential factors and major problems encountered to the sustainable development of industrial enterprises, particularly the iron and steel enterprises are explored. It's pointed out the new subject of industrial ecology is an important tool of accelerating the realization of sustainable development by industrial enterprises, and the theoretical framework of industrial ecology is analyzed. In addition, the functions and effects of government in accelerating the sustainable development of enterprises are analyzed. Second, a systematic analysis is made on the admittance qualifications and appraisal methods on listing financing of the existing enterprises. It's put forward that it's very necessary to establish a set of financing index appraisal system to reflect the resource and energy application efficiency of enterprises under the existing approval system.Third, the material metabolism and manufacturing process flow of iron and steel industry is analyzed in details. Three methods as direct eco-efficiency, resource efficiency based on MIPS and environmental efficiency based on ecological footprint are respectively selected to have comparative study on the current situation of resource, energy and environment of Chinese iron and steel industry, and a series of important conclusions are made: the resource efficiency, energy efficiency and environmental efficiency of the Chinese iron and steel industry are being continuously improved, and the utilization efficiency and environmental efficiency of water resource pose the fastest improvement; all the MIT values of the abiological resource, water resource and air resource in Chinese iron and steel industry are in an obvious decreasing trend, however, because the production capacity is rapidly expanding over recent years, the MI values are increasing by a large margin, and the overall impacts on environment are being constantly enlarged. The energy land use is at a dominant position in iron and steel industry ecology, it has huge impacts on natural environment and reduction of energy consumption is a restrictive link of alleviating the ecological footprint of iron and steel enterprises.Fourth, establish a set of appraisal system on sustainable development of iron and steel enterprises based on eco-efficiency on the basis of analyzing the elements for the sustainable development of steel and iron enterprises, the index appraisal system involves the technical innovation capacity, resource utilization capacity, operation capacity and environmental protection capacity, four aspects of iron and steel enterprises, and totally 32 indexes are included. ANP method is employed to calculate the weights of various indexes in the appraisal system. The results indicate that the operation capacity has the highest contribution degree to the sustainable development of iron and steel enterprises, and the contribution degrees from other aspects are respectively environmental protection capacity, innovation capacity and resource utilization capacity by their priorities. If such a system is employed in listing financing appraisal on iron and steel enterprises, the current situation that the listing financing standard of enterprises is lack of investigations on eco-efficiency, and it's conducive to accelerate the overall improvement of the sustainable development capacity of listed iron and steel companies.Fifth, case studies on the financing appraisal of listed Chinese iron and steel companies are respectively made from the perspectives of specified base values and operation efficiency by employing the established listing financing appraisal system or iron and steel enterprises. The results indicate that if a company has a very low technical innovation capacity and resource utilization capacity, and it will fail to comply with the listing conditions even if it has a strong operation capacity; meanwhile, provided if the listed iron and steel enterprises are investigated by the sustainable development index of operation capacity established by the thesis, there will be quite a lot fail to meet the listing conditions in listing. The results of case studies have fully proved that the listing financing appraisal system established in the thesis is a beneficial supplement to the current enterprise listing financing approval system.
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