Research On Financial Issues Of China Tietong Telecommunications Co. Ltd

Being a core of modern enterprise management, financing has been come to be stressed by more and more researchers. For some time in the past, facing financing predicaments by many large enterprises indicate that financing decision making is closely related to the enterprise's survival and development.As a company with only seven years of operating history, China Tietong Telecommunications Group Co., Ltd., shortage of cashflow have been obstacle for it's sustained development under the situation of scorching competition, low market share and being hard up internal.)The purpose of this article is trying to figure out solutions of financing puzzles base on author's study, who works in the financing department of China Tietong Telecommunication Co., Ltd.. In additional, it is hoped to be sort of reference for corporation who has similar difficulties.Guided by this motivating concept, the author studied financing issues of China Tietong Telecommunications Group:Firstly, in order to make inspection and study over the financing needs, status of financing mode, and predicaments, the author took into account China Tietong Telecommunications Group's operation strategies, and chosed study method combining historical analysis and logic generalization. The inadequacy of China Tietong Telecommunications Group's financing mode was revealed through contrast and analysis in this article.Secondly, by adopting a method of combining theoretical analysis and case study, studying of successful experiences of domestic and oversea telecom operators, utilizing the thinking and method of capital structural theory study, taking certain provincial company under China Tietong Group as an example, a feasible financing mode from the author will be: via Spin-of listing, revitalize assets step by step, to achieve the objective of optimizing capital structure, and expanding financing channels; meanwhile attention should be paid to maximizing fund utilization rate of the enterprise, so as to reduce financing scale and financing cost, thus to ultimately resolve the inadequacy of China Tietong Telecommunications Group's existing financing mode.Finally, the author presents a summary and forecast of the financing problem of China Tietong Telecommunications Group at the end of the article. Its conclusion is that, the key to resolving existing problems in the current financing mode of China Tietong Telecommunications Group is achieving diversified financing under the frame of optimal capital structure.