Analysis The Financing Chanels Of State-owned Enterprises Taking The Shandong Energy Xinwen Mining Group

With the adjustment of national macroeconomic policy and the transformation of market economic system,The traditional state-owned energy enterprises whose development mainly rely on bank loans and government subsidies face severe challenges in financing.Traditional financing channels and financing modes cannot meet the financial needs of enterprises,which further threatens the survival of enterprises.Financing demands and financial plans increasingly become the focus of attention of the traditional state-owned energy firms.Therefore,it is of great significance to create new financing modes,broaden financing channels and optimize financing means to help state-owned enterprises acquire sufficient funds and keep business running right.Moreover,state-owned enterprises also need to acquire enough capital,improve the capital utilization efficiency and reduce financing cost to survive and develop in fierce market competition.As the key point of enterprise survival,capital has become a research hot spot for scholars and enterprises.The paper aims to discuss the current situation and existing problems of state-owned enterprises in financing and put forward corresponding measures to help state-owned enterprises achieve the comprehensive development.Taking Shandong energy Xinwen Mining Group as the research object and using literature analysis,case analysis and other methods,this paper analyzes its present financing situation and structure and draws some results.The research results show that the main financing channels for this group are traditional financing ways such as bank loans,bank acceptance,government subsidies and supply chain financing.This thesis believes that the group has some financing problems such as sole financing channel,too much funds occupation for receivables and excessive idle assets,etc.Combining the theoretical factors in financing and innovative financing tools in financial market,this paper tries to analyze the specific financing needs of Xinwen Mining Group such as due debt and accounts payable of Xinwen mining group,business income taxes of 2015.Based on credit extension to pay the accounts payable,factoring accounts payable in big amount and leaseback of idle assets,this thesis puts forward financing ways and channels that are suitable for the Xinwen Mining Group in order to promote the sustainable development of Xinwen mining group in the severe current coal situation,.On the basis of this,the paper proposes solutions and countermeasures that fit for the financing of traditional energy firms.