Credit Risk Assesment And Financing Strategies Of High-Tech Tnterprises In Baoji City

In recent years, high-tech enterprises with rapid development speed have become a new army of economic growth forces, which have a significant contribution in the promotion of technological development and promoting employment. However, high-tech enterprises which undermine the aftermath of financial crisis are faced with a series of problems, such as financial difficulties, poor product sales channels and low employee motivation and so on. The financing difficulty is the biggest challenge of high-tech enterprises facing.Baoji City is an important city of western Shaanxi. High-tech enterprises also plays an important role in the economic development of Baoji city, the financial plight of high-tech enterprises in Baoji city is still the main trouble, while there is a great relationship between financing and enterprise's own credit, banks and other financial units provide funds according to the size of credit risk of enterprises, the traditional credit risk assessment system is no longer applicable to high-tech enterprises. Thus, this paper studied on Baoji high-tech enterprise'financing problems, analyzed their financial status and satisfaction, establishing the new credit risk assessment system which adapt to high-tech enterprises combined the traditional enterprise credit evaluation system, to proposed financing strategies for each life cycle of high-tech enterprises, to achieve in solving financing difficulties and improving the status of high-tech corporate finance purposes. Details are as follows:1. Reviewed the financing studies of high-tech enterprises at home and abroad, proposed the perspective of this paper;2. Expounded the related concept of high-tech enterprises and financing theory,analyzed the current financing channels of high-tech enterprises, the analysis shows that the existing financing channels for high-tech enterprises can not solve the financing difficulties;3. Using fuzzy comprehensive evaluation model to evaluate the high-tech enterprises'financing satisfactory in Baoji city, drawled the conclusion that the financing satisfaction of high-tech of Baoji belongs to "medium";4. Establishing a new credit risk evaluation system which is suitable for high-tech enterprises based on the traditional corporate credit risk evaluation system, which can be used as reference standards of financing security of banks and other financial units;5. Analyzed the credit risk level of high-tech enterprise in Baoji by a real example to verify the applicability of the new credit risk assessment system. Finally, analyzed the credit risk of high-tech enterprises'each life cycle and proposed different financing strategies;Finally, summed up the full text and pointed out the deficiencies and future research directions.