Research On The Financing Effect Of Ultra-short-term Financing Bonds For Rural Revitalization

Exploring the effective integration of rural revitalization and finance is an important topic in the financial field.The ultra-short-term financing bond,which is launched closely around the strategic goal of rural revitalization,stands out among various financing models.As a direct financing method,it has become the preferred financing tool for investors and issuers with its advantages of low financing cost,high flexibility and high issuance and registration efficiency,and has become an important channel to expand the source of funds.The issuance of ultra-short-term financing bonds for rural revitalization gives full play to the role of financial services to the real economy and targeted funding guarantee,and more than 30% of the raised funds are applied in rural revitalization projects,which effectively improves the financing situation of enterprises,promotes economic growth in the areas where rural revitalization projects are located,promotes employment and income,and has obvious rural revitalization effects.In this paper,"22 Jin Road Bridge SCP001",the ultra-short-term financing bond for rural promotion issued by Shanxi Road and Bridge Group in 2022,is taken as the research object.The issuer’s qualification and professional level have outstanding competitive advantages in the road investment and construction industry,and are in a leading position in the country,especially in Shanxi Province.Of the 1 billion yuan successfully raised,304 million yuan was used in the field of rural revitalization.The raised funds were mainly used to repay the principal and interest formed by the rural revitalization project,and its issuance greatly improved the operating conditions of the issuer.As the first ultra-short-term financing bond for rural revitalization in Shanxi Province,studying its financing effect has a very good demonstration effect for other enterprises to expand the financing path of ultra-short-term financing bond for rural revitalization in the future.Through literature analysis,case analysis and comparative analysis,this paper first defines the definition of ultra-short-term financing bonds for rural revitalization and the basic concept of financing effect,introduces the development status of ultra-short-term financing bonds for rural revitalization,and sorts out the relevant theoretical basis.Secondly,the paper introduces the case of "22 Jin Road Bridge SCP001" ultra-short-term financing bond for rural revitalization from the aspects of the introduction of the main body of bond financing,the operation situation,the industry influence,the motivation of bond financing and the situation of bond financing,and analyzes the case financing effect from multiple angles from the social effect,cost effect,financial effect and financing risk.Finally,it is concluded that the issuance of ultra-short-term financing bonds reduces the financing cost of enterprises.Significant improvement in financial performance and operating performance;The social effect of bond issuance is significant;But it will also bring some financing risks to enterprises.According to the case,the following suggestions can be made:enhance the strength of enterprises and enhance the credit rating of enterprises;Establish a sinking fund to reduce default risk;Improve the supervision system and set up risk warning lines;Clear positioning of rural revitalization,raising funds need to be quantified.