FX Company's Financing Structure Analysis And Optimization Design

This article research about the operation and financing structure of FX company which is one of the infrastructure construction company in Xi Xian new district,under national level of new district construction.FX company is the enterprise solely funded by the state sponsor by Feng Xi council of Xi Xian new district.It is the most important part of infrastructure construction and land consolidation and development.It making positive contributions to the economy and social development of Feng Xi.And also have strong supply of the intra-regional infrastructure contribution and development.FX company have strong competitive edge because of the supply of policy,business and fund by Feng Xi council.However,the most part of company finance still supplies by government investment and bank loan due to the large investment and long horizon of infrastructure construction.Based on the theory of corporate financing structure,this paper studies the optimal corporate financing structure by literature research,case analysis and expert interview.Taking FX company as an example,this paper analyzes the current financial situation and financing structure of FX company based on the basic situation of the company,and discusses the problems and unreasonable reasons of the financing structure of the company with a number of FX company employees and employees of financial institutions.On the basis of considering how to optimize the FX company financing structure adjustment,in the equity financing and debt financing,internal financing and external financing,under the basic idea of combination of corporate financing structure problem,we put forward FX risk financing and composite financing two optimization scheme,the design of the two schemes are lower leverage,improve margins and company value maximization as the goal,the future of financing for the company to provide the reference.In the process of program implementation,we guarantee the smooth implementation of the program from the perspective of company system and personnel allocation,and take countermeasures against possible management risks,financial risks and operational risks after the implementation of the program.As state-owned enterprises in local infrastructure construction,the optimization scheme and conclusion of FX corporate financing structure in this paper are also applicable to infrastructure construction enterprises in other regions.In addition,new areas and development zones are being constructed in a large scale.It is believed that there will be moreand deeper research results in the future to improve the financing level of similar enterprises and provide support for promoting the economic and social development of new areas.