The Research Of The Equipment Manufacturing Industry In Anhui Province Financing Problem

According to the process of industrialization industrial country and developed country track, the equipment manufacturing industry is the best embodiment of comprehensive national strength and scientific research strength. Industry is the country to maintain prosperity and thriving survival foundation, and the equipment manufacturing industry as an important link and key areas of industry, is more representative of the prospect of the development countries.Under the attention of our government and the intense atmosphere of international competition situation, the equipment manufacturing industry in Anhui Province has made gratifying achievements in development, equipment manufacturing as a pillar industry of the position in industrial development continues to be consolidated. But at the same time facing unprecedented challenges, development and revitalization of the equipment manufacturing industry and the key is to address the root causes of the source of funds for the operation of the enterprise. In all aspects of the equipment manufacturing industry and the steps are involved in the supply chain to the question of money, whether it is the initial product design model, development of high-tech, purchasing raw materials or in the manufacturing of products, develop sales channels, improve service, and various terminal link without exception. Due to the existence of information asymmetry between space and time limitations and lag, and capital equipment manufacturing enterprises holder of information, capital market size and the degree of normative today’s direct financing is not yet mature and improve, the government issued a policy measures plus for large equipment manufacturing industry and finance to help, but most of these policies remain at the macro level, the policy concerns related to the onlookers substantial corporate finance and apparently has less lag and many other privacy, Anhui equipment manufacturing industry is still facing financing constraints problems. This paper has six chapters, respectively to study the financing situation, industry manufacturing enterprises from Anhui province equipment level, causes and Countermeasures of. Firstly, the research background of this paper, sharp put forward Anhui province equipment manufacturing industry development dilemma, based on a large number of domestic and foreign literature academic, research contribution on the equipment manufacturing industry innovation of foreign financing and theory, research results and the framework to support this. Then explain the related concepts, explained in detail the equipment manufacturing industry, financing constraints and cash flow, the noun. And to clarify the basic concepts of this interpretation, respectively, the modern financing theory and the theory of industrial clusters. Then analyzes the financing situation of equipment manufacturing enterprises in Anhui, points out that Anhui province equipment manufacturing industry supply and demand contradiction of financing, at the same time, the financial crisis hit the prospects for corporate finance, national policy support dynamics is insufficient situation. To analyse the equipment manufacturing industry in Anhui Province, the financing situathonpaisiaalvheoslearch the key part of this paper. The data support, in a variety of factors as variables analysis, Anhui equipment manufacturing industry technological innovation of financing constraints degree study. Select the data of manufacturing enterprises in Anhui province listed equipment in the longitudinal analysis, analysis of Anhui province to measure the degree of financing constraints. In the horizontal analysis, the equipment manufacturing industry will be the equipment manufacturing industry in Anhui province and other provinces compared to macro grasp, Anhui province equipment manufacturing industry technological innovation degree of restraint. Finally, from the subjective factors and objective factors restricting the Anhui province equipment manufacturing industry technological innovation financing reasons, and to study how to improve the Anhui province equipment manufacturing industry technological innovation financing constraint method according to the factors of financing constraint condition, the equipment manufacturing industry in Anhui province technical innovation degree, etc..to promote the orderly, healthy development of Anhui equipment manufacturing industry into orbit.