Research On The Financial Risks Of China’s Infrastructure Enterprises’ Overseas Investment

The model of China’s infrastructure enterprises overseas investment is gradually escalating from a single labor dispatch,construction subcontract development to the design along with procurement and contract service.And then it upgrades to the model that investment-oriented with engineering and investment combined model.The extension of the industrial chain is expanding from the low-end industry to the high.In recent years,infrastructure companies in the process of foreign investment begin to actively introduce BOT,PPP and other international access to the development of business model.But with the diversification of investment and the construction projects increased,some risks become a serious challenge,especially the financial risk.Based on the above background,this paper analyzes the financial risks of overseas investment in infrastructure enterprises,and puts forward some strategies of financial risk based on the analysis results.Firstly,this paper analyzes the sources of financial risk during the overseas investment of China’s infrastructure enterprises,analyzes the risk factors from the macroscopic,meso and micro levels respectively.Then analyzes the various situations among the overseas investment of the infrastructure enterprises.Meanwhile this paper analyzes the status of the overseas investment infrastructure enterprises from three aspects:the overseas investment area,the investment mode and the nature of the overseas investment enterprises.In this paper,four representative infrastructure enterprises,China Railway Construction,China Construction,China Railway,China Construction,respectively,using the Z value,F value model to the financial situation of the early warning analysis.But this method is only the analysis of the overall financial situation of the enterprise,which can not be closely linked to a business project invested by the enterprise.Therefore,the article uses the analytic hierarchy process to analyze the introduction of the case-Kenya Mengnei railway project.Build a hierarchical analysis structure,and then determine the indicators attached to the matrix,take consistency test after a comprehensive evaluation,provide Combined with qualitative and quantitative analysis of the conclusions for the project leader.There are relatively large impact on the project,such as tax risk,exchange rate risk,cost control risk,focus on traditional financial work.Then put forward one by one corresponding strategies.Based on the study of the case,we will generalize the response method to the above four main risks and summarize the preventive solution for the overseas investment projects of China’s infrastructure enterprises.In the stage of rapid development of overseas investment in infrastructure enterprises,it is hoped that the relevant strategies can provide relevant help to enterprises with similar projects.