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Research On Optimized Architecture Of BGZ's Capital Operation

Posted on:2020-03-06Degree:MasterType:Thesis
Country:ChinaCandidate:H SunFull Text:PDF
GTID:2439330611989351Subject:Business administration
Abstract/Summary:PDF Full Text Request
The local government investment and financing Platform Company has played a pivotal role in improving local infrastructure construction and developing the local economy.It is an indispensable state-owned investment and financing enterprise in certain historical conditions.However,with the changes in macroeconomic regulation and control policies in recent years,the problems and contradictions faced by government financing platforms have become increasingly prominent.High debt burdens,the simplification of capital structure,and backward management systems and mechanisms have caused insurmountable gaps for platform companies.This has had an important impact on development companies that also have the functions of platform companies.How to digest the historical debt burden in the new regulatory environment and economic environment,resolve the risk of financing difficulties,and improve the efficiency of capital utilization have become the key issues that the government financing platform companies need to solve.After striving to reach the market,BGZ High-tech Industrial Development Corporation gradually discovered that there are many problems.The shortage of funds and the unreasonable capital structure are urgent problems for BGZ Hi-Tech Industrial Development Corporation to establish the relevant diversification goals.Based on the diversification strategy proposed by the government,this article takes the core business capital operation under the new strategy of BGZ High-tech Industry Development Corporation Technology Development Corporation as the main line,and uses PEST and other corporate strategic analysis theoretical tools through investigation and research and financial data analysis.To find out the problems existing in the capital operation strategy of BGZ High-tech Industrial Development Corporation,implement the direction of adjustment,and finally propose a plan to optimize and improve the capital operation.The main conclusions are as follows: First,the capital operation strategy of BGZ Hi-tech Industry Development Corporation Technology Development Corporation has not been adapted to the diversified development strategy;Second,the main problems in the capital operation strategy and operation mode of BGZ Hi-tech Industry Development Corporation Technology Development Corporation are that the financing model is single,the channels are few,the degree of secularization is low,and the investment income and investment channels are relatively single.Lack of quality companies and investment projects that generate cash flow and profit sources on a sustainable basis;Based on this historical background,it is to adjust and optimize the capital structure of BGZ Hi-tech Industrial Development Corporation Technology Development Corporation,expand the scale of operations,activate the stock capital of enterprises,enhance the competitiveness of enterprises,and successfully transform into capital operations and urban operators.
Keywords/Search Tags:local platform company, Capital operations, Strategic transformation, Enterprise finance
PDF Full Text Request
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