| 1.The purpose of the articleChinese textile industry is the important mainstay industry of our national economy. It is comparatively strength in the international competition. As China has entered WTO, textile and garment industry will face new development opportunities. If we can find out the key problem, we will achieve great success.In the author's opinion, the significance of this article lies in two aspects: one is to make a deep research of the present situation and problem of financing of Chinese textile industry, the other and the most important is how to enlarge financing channel, and benefit the practical operation of the financing in China's textile industry.2.The framework and viewpoint of the articleChapter one begins with the status, development and reform of international textile industry,pointing out that high-tech has widened the gap in textile technique between developing countries and developed countries. Meanwhile it analyzes in detail the situation of Chinese textile industry, including its strong points, weaknesses, opportunities, challenges or threats. It also analyzes the present situation and causes of textile industry structure change. In the end, it points out that financing "bottle neck" problem is the key drawback of industry technique progress, then it suggests we widen financing channel.Chapter two uses pragmatic method to analyze financing situation and channel of Chinese textile corporation in domestic security market, including three typical financing cases, pointing out that security market has become an important financing tool of textile corporations which have obtained the special admittance, and also finding out gaps and problems of practical financing operation. Then it provides the fivefeasible methods of how to widen the financing channel.Chapter three researches the whole textile industry's financing problem. Firstly, it analyzes the present situation and problem of Chinese textile industry. They can be concluded as four aspects: (1) There is an unbalance of financing in security market between textile corporations in the east region and west. (2) There is a lack of investment in textile industry. (3) Textile corporations haven't good economic profit and efficiency so they have no ability to supply development assets by themselves. (4) There is only a single financing channel so that the assets resources are rare. Next the paper designs the whole textile industry's financing channels and strategies. It involves eight aspects: (1) To make use of home and abroad security markets. (2) To absorb foreign investment. (3) To attract international loans. (4) To apply for financing to TFC. (5) To carry out the Chinese government's strategic support to textile technique reform. (6) To build up and perfect the Chinese government's strategic support system to textile and garment's middle-and-small-sized companies as soon as possible. (7) To strengthen textile corporations' financing ability. (8) To adopt financing by borrowing and ABS etc. new financing methods. Finally, it focuses on the interrelated strategic suggestions of financing management in Chinese textile industry. The paper analyzes this point in detail from three aspects: (1) To conceive the whole financing idea. (2) To build correlative strategy in order to increase textile corporations' financing ability. (3) Through reorganization of assets and reforming corporation system, assets are mustered in those corporations which are comparatively strong so that we can realize economic efficiency on a large scale. It also includes the analysis of a typical case, Weike Union Corporation.The last chapter talks about the financing competition ability of textile industry as China has entered WTO, and researches the Cost of Capital of Youngor Group Co. Ltd. which has obtained the specialadmittance in domestic security market, and it also indicates that the corporation has the financing problems and experiences, then it supplies the solvable methods, and others co... |
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