Research On Financing Problems Of YEIG

As an important participant in market economy activities,state-owned enterprises are always an important part in economy.Its development is not only the need of the company's own business development,but also the necessary condition for the stable operation of the national economy.Most enterprises cannot be separated from financing support,state-owned enterprises need a deeper and comprehensive understanding of financing,in the allocation of social resources to make full use of the money market and capital market,in order to effectively solve the demand for capital,to achieve the preservation and appreciation of state-owned assets.This paper firstly sorts out the literature on capital structure theory,the impact of financial environment on financing and the financing of state-owned enterprises,and uses it as the theoretical basis of research.YEIG is a typical provincial state-owned enterprise.In order to explore the company's financing problems,this paper immediately sorts out the company's general situation,external financial environment and financing needs,and conducts in-depth research and summary of the company's financing status;through comparison and reflection with the best companies in the industry,find out the problems of corporate financing,including endogenous financing to make up,the asset securitization rate is not high,the direct financing channel funds are too concentrated,the financing structure is irrational,etc.;after in-depth research and analysis,the reasons for the establishment of the core main business development is not clear,the fund management and control system is not Perfect,lack of professional team and influence on investment,imperfect corporate governance,external issues such as single equity financing platform and bank-led financial system.Finally,the article proposes financing countermeasures in a targeted manner:it is recommended that the company focus on the main business,continue to improve the operation,strengthen the construction of the talent team,strengthen the basic management,promote effective risk prevention and control,expand the credit financing channels,and rationally arrange the capital structure.This paper hopes that through the analysis of causes and policy recommendations,the company and even other state-owned enterprises can clearly understand their own financing problems,and provide the company with reference and basis for subsequent financing decisions from a strategic perspective.