Financing, from narrow Shang told is a enterprise of funds raised of acts and process, is company according to itself of production operating situation, and funds has of situation, and company future operating development of needs, through science of forecast and decision-making, used must of way, from must of channels to company of investors and creditors to raised funds, organization funds of supply, to guarantee company normal production needs, operating management activities needs of financial acts. Broadly speaking, financing, also known as financial, is the facility of monetary funds, through a variety of means to acts for financing or loans on the financial markets.With the rapid development of China's capital markets, the financing structure of listed companies issue more and more people's attention. However, the development of capital market in China time is not long, it results from planned economy in the process of transition to a market economy in our country, on either management or running inevitably with traces of the planned economy. Because of the enterprise system, financial institutions and markets environmental differences, and financing structure of listed companies in China and abroad contrary to classical theory of capital structure. Can be seen from our Constitution of capital structure of listed companies, with financing preference of listed companies in China. In a detailed analysis of the preference after the causes and negative impacts, proposes targeted governance measures, to promoting the system perfection of capital market and regulate the development of positive significance.
Financing, in a narrow sense is a financing business behavior and process, the company is based on its own conditions of production and management, capital has the condition, as well as the company's future business development needs, through scientific prediction and decision-making, with a certain way, from a channel to the company's investors and creditors to raise funds, fund supply, Surety Company need to normal production, management activities need financial behavior. Tell from broad sense, financing is also called financial, monetary capital financing, the financial markets through a variety of ways on raising funds or loans to the behavior.
With the rapid development of China s capital markets, listing Corporation of the financing structure has attracted more and more attention. However, the capital market development in China is not a long time, and it was produced in our country from planned economy to market economy in the transition process, whether it is for management and operation are inevitably has the trace of planned economy. As a result of the enterprise system, financial system and market environment and other aspects of the differences, China's finance structure of listing Corporation and foreign classical theory of capital structure is just the opposite. From China's listing Corporation capital structure of listing Corporation in China can be seen, with preference equity financing. In a detailed analysis of preference formation reasons and brought negative effect, put forward specific measures, to promote China's capital market system to perfect and standardize the development has the positive significance.
Listing Corporation financing preference policy recommendations
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