S快速路公司融資新渠道研究
發(fā)布時間:2018-08-07 21:23
【摘要】:高速公路作為經(jīng)濟發(fā)展的重要產(chǎn)物,自上世紀五十年代開始隨著歐美國家經(jīng)濟的復(fù)蘇而應(yīng)運而生。中國自改革開放以來,國民經(jīng)濟得到了持續(xù)快速發(fā)展,我國的高速公路建設(shè)也如雨后春筍般的迅速發(fā)展。1988年,滬嘉高速公路作為我國首條高速公路正式運行通車,隨后的20多年中,我國的高速公路事業(yè)得到了長足進步,截至2011年末,我國的高速公路總里程已超過8萬公里,總里程數(shù)僅次于美國,位列世界第二。按照交通運輸部規(guī)劃,,用三到五年的時間加快交通建設(shè)任務(wù),在十二五期間力爭高速公路里程達到11萬公里,基本建成國家高速公路網(wǎng)。 本文以S快速路公司作為案例分析企業(yè),對該企業(yè)在近年中出現(xiàn)的融資困境的原因進行深入研究和分析,并參與到S快速路公司在資本市場對新型融資產(chǎn)品的探索、通過資產(chǎn)重組取得境外上市公司的股權(quán)進行境外資本市場融資活動、運用高速公路服務(wù)區(qū)資產(chǎn)進行售后回租方式使沉淀資金的固定資產(chǎn)轉(zhuǎn)化為現(xiàn)金、利用已盈利高速公路項目嘗試資產(chǎn)支持商業(yè)票據(jù)的運作以及通過公司架構(gòu)調(diào)整,成立專門的公司結(jié)算中心對集中S高速公路對外貸款資源及對集團資金歸集等方式,分析各種新型融資途徑在理論、實踐上對S快速路公司在資本市場上的改變和影響,從而得出本文結(jié)論。
[Abstract]:Highway, as an important product of economic development, began to emerge with the recovery of European and American economies in the 1950s. Since China's reform and opening up, the national economy has been continuously and rapidly developed, and the expressway construction in our country has also been developing rapidly. In 1988, Hu-Jia Expressway was officially opened to traffic as the first expressway in our country. In the following 20 years, the expressway industry of our country has made great progress. Up to the end of 2011, the total mileage of expressway in our country has exceeded 80,000 kilometers, the total mileage is second only to the United States and ranks second in the world. According to the plan of the Ministry of Communications and Transport, it will take three to five years to speed up the traffic construction task, and strive to achieve 110000 kilometers of highway mileage during the 12th Five-Year Plan period, and basically build the national highway network. Taking S Expressway Company as a case study enterprise, this paper makes a thorough study and analysis on the causes of the financing difficulties of the company in recent years, and participates in the exploration of new financing products in the capital market of S Expressway Company. Through asset restructuring to obtain shares of overseas listed companies to carry out overseas capital market financing activities, the use of expressway service area assets for after-sale rent-back way so that the fixed assets deposited funds into cash, Using the profitable highway project to try to support the operation of commercial paper and to set up a special company settlement center to centralize the external loan resources of S Expressway and collect the group funds through the adjustment of the company structure. This paper analyzes the change and influence of various new financing ways on the capital market of S Expressway Company in theory and practice, and draws the conclusion of this paper.
【學(xué)位授予單位】:廣東商學(xué)院
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2013
【分類號】:F275;F542.6
本文編號:2171388
[Abstract]:Highway, as an important product of economic development, began to emerge with the recovery of European and American economies in the 1950s. Since China's reform and opening up, the national economy has been continuously and rapidly developed, and the expressway construction in our country has also been developing rapidly. In 1988, Hu-Jia Expressway was officially opened to traffic as the first expressway in our country. In the following 20 years, the expressway industry of our country has made great progress. Up to the end of 2011, the total mileage of expressway in our country has exceeded 80,000 kilometers, the total mileage is second only to the United States and ranks second in the world. According to the plan of the Ministry of Communications and Transport, it will take three to five years to speed up the traffic construction task, and strive to achieve 110000 kilometers of highway mileage during the 12th Five-Year Plan period, and basically build the national highway network. Taking S Expressway Company as a case study enterprise, this paper makes a thorough study and analysis on the causes of the financing difficulties of the company in recent years, and participates in the exploration of new financing products in the capital market of S Expressway Company. Through asset restructuring to obtain shares of overseas listed companies to carry out overseas capital market financing activities, the use of expressway service area assets for after-sale rent-back way so that the fixed assets deposited funds into cash, Using the profitable highway project to try to support the operation of commercial paper and to set up a special company settlement center to centralize the external loan resources of S Expressway and collect the group funds through the adjustment of the company structure. This paper analyzes the change and influence of various new financing ways on the capital market of S Expressway Company in theory and practice, and draws the conclusion of this paper.
【學(xué)位授予單位】:廣東商學(xué)院
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2013
【分類號】:F275;F542.6
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