Xinjiang Listing Corporation Financing Way Choice And Optimization Of Capital Structure

With the rapid development of economy and expanding the size of thecompany, both the small and medium-sized enterprise or listing Corporation, are facingthe problem of shortage of funds, financing as an important part of financial management, andstudy how to use various financing tools, is of great significance to select theoptimal financing policy. Research of listing Corporation financing behavior, from a macroperspective, to provide reference for small and medium-sized enterprises, financingstructure change, will affect a country or region’s industrial structure adjustment, the overalleconomic layout and overall economic growth and stability. From the microperspective, change of listing Corporation financing structure not only directly affectthe listing Corporation internal governance structure, operating performance andmarket value, but also affect the sustainable development strategy of listing Corporation.The Xinjiang area has a special geographical position and the financing environment,and financing as an important part of enterprise financial management, the structure is easyto influence in many aspects, macro regulation by economic environment, and competitionenvironment, this study combines the financial macro economic policy at present, tried incomplex financing environment, found that Xinjiang enterprises in the financing channels atthe same time, the constant pursuit of financing.This paper selects TF thermoelectric enterprises as a case study, the thermoelectric TF isthe first in Xinjiang through the issuance of bonds financing listing Corporation, followingthe issuance of bonds after a few years, TF thermoelectric respectively by rationing sharesand issuing new shares to refinance, on the whole, TF thermoelectric except in the capitalmarket financing, the enterprise endogenous financing and after sale leaseback financingleasing way to ensure funding channels.Based on the research on the financing of development at home andabroad mainstream, according to TF thermal power’s basic situation and the demand forfunds and macroeconomic policy in Xinjiang area, analysis the financingenvironment, and found that the main problem of TF thermoelectric financing put forwardcorresponding countermeasures.The status quote of Xinjiang listing Corporation financing structure, the use of financial analysis, literature analysis, theoretical and practical methods of combining, the dataanalysis and research. The Xinjiang listing Corporation individual business case as theresearch object, carries on the careful analysis to the case of enterprise, attempts throughthe financing of the case enterprise and capital structure, between the different sources offunds of enterprises, and the connection between the different sources of funds raisedthrough the relationship between the ratio and get some inspiration, in the Xinjiang currenteconomic background next, find the other financing way sin the region to otherXinjiang listing Corporation enterprise also can use, reduce the financing cost for theenterprise, to provide funding, saving the financial cost sand open up a new way of thinking.