Study On Financing Strategy Of Qinghai Energy Group In The NEEQ

The NEEQ market is an important part of multi-level capital market.since becoming a national securities market in 2013.Due to lower listing conditions,it has provided more and more enterprises with financing and capital operation.it has become an important platform.for majority of small and medium enterprises to achieve equity financing.Qinghai Energy Group is a local state-owned enterprise in Qinghai Province.It mainly operates coal mining and sales business.It has a high share of coal market in Qinghai area.At present,the company needs a lot of monery to repay bank loans and project construction.This paper begins with the practical problem of solving the financing needs of the company.Firstly,it introduces the basic theories such as financing,the NEEQ market functional positioning and the main financing way of the NEEQ market.And then introduced the company's development overview,analyzed the company's financial situation and financing needs.Thirdly,it analyzed the current financing methods of the company from the aspects of internal and external channels,and analyzed the feasibility of financing the NEEQ market.At the same time,it introduced advantages for the company through the NEEQ market.After analyzed the theoretical and introduced the company's case,this paper has designed the NEEQ market listing plan for the company in connection with the actual situation.Then,according to the financing needs of the company and the current situation of the company,it has designed financing channels for the company from the private placement financing and pledge of stock rights,and evaluated the two channels.Then introduced other financing channels for the company,such as,SME private debt,mergers and acquisitions and other auxiliary financing means.Finally,based on the above research contents and related literatures,this paper gives the conclusion of the research,and draws some enlightenment from the reform of state-owned enterprises,perfects the financing functions of the NEEQ market and strengthens the self-construction of the enterprises,at the same time there are some shortcomings and problems in the study.