Energy Industry Development In Inner Mongolia Financial Support

Inner Mongolia Autonomous Region is rich in natural resources, such as coal, electricity, oil, gas and kinds of mineral, which provides advantages for development. After years of development and construction, Inner Mongolia Autonomous Region has initially formed the energy industry, which is mainly based on the coal and electric power system. As the pillar industry, the energy industry is playing an increasingly prominent role in the Regional economic development, which enhances its dominance. During the last decade, the energy industry has made great contribution to supporting and promoting the rapid economic development of Inner Mongolia, and has taken a crucial step in becoming the national energy base. Energy industry in Inner Mongolia, the rapid development process, bank credit and other financing channels play a crucial role. However, generally speaking, the energy industry in Inner Mongolia there is obviously insufficient financial support:First, limited financing channels and capital hole has seriously affected the energy exploration and development, and technological innovation ability of energy companies. Currently, in Inner Mongolia, the main source of energy capital relies on bank loans, bank credit takes up to 80% of the total investment in the energy industry, the proportion of other financing sources and financing instruments is quite low. In direct financing, the stock, bond issuance volume is very small, and trust lease, industrial investment funds, derivative financial instruments are rarely used; it also has just been started in project financing, absorbing international strategic investors and venture capital and using the private capital; Second, the energy credit structural contradiction is obvious, for example, overcapitalization exists in one-time energy industry, while renewable energy, new energy development and energy conservation projects are constrained by the lack of fund; Third, due to the lack of energy-relative financial products and services, energy, deficiency of financial risk management instruments and tools, and unperformed marketable risk management mechanism, sustainable development of energy industries in Inner Mongolia has been affected. Therefore, to build a national energy base, the inadequate financial problem of the energy industry must be resolved as soon as possible, which is also helpful to the healthy development of the energy industry.Basing on organizing energy the development of energy-financial theory, this paper explores the energy laws and the major driving factors for the development of Inner Mongolia Energy Finance, in order to provides a theoretical basis; By analyzing the present situation and financing issues during the Inner Mongolian development of energy industry, the paper provides reference for the Inner Mongolia Autonomous Region, which is adjusting its energy industry construction and building the national energy base. Meanwhile, providing the theoretical framework, reference paradigm, information and material for the follow-up research, are the basic objectives of this study.