Introduction Of Several Financing Strategies

　   企業進行資本運營，不僅要重視有形資產，而且妥善于對企業的無形資產進行價值化、資本化運作

I. capitalization strategy of intangible assets

The capital operation of enterprises should not only attach importance to tangible assets, but also be good at capitalizing and operating intangible assets of enterprises.

Generally speaking, the main way for famous brand advantageous enterprises to capitalized on intangible assets is to develop business groups with brand names as the leading products and rely on the scale linkage of a number of famous brand products and enterprise groups to achieve the goal of market coverage.

Two, franchising financing strategy

The significance of modern franchising has gone beyond this special investment mode and has a significant impact on people's economic and cultural life.

Franchising is actually a contract bond outside the common capital link.

Franchisees and franchisees maintain their respective independence and make joint profits through franchising.

The franchisee can obtain a larger market with less investment, and the franchisee can participate in the investment of others, especially the benefits brought about by intangible assets.

Three, turnkey engineering strategy

The turnkey project means that when a multinational company builds a factory or other engineering project for a host country, when the design and construction are completed and initially operated, the "key" of the ownership and management right of the plant or project will be "delivered" to the other party in accordance with the contract and opened by the other party.

The turnkey project is a non equity investment mode developed by multinational corporations in developed countries after being blocked by investment from developing countries.

In addition, when they have the cutting-edge technology needed in a certain market, and hope to quickly and extensively cover the market, if they are short of capital and other elements, they will also consider using the turnkey project.

Four, buy back contract strategy.

International repurchase contract management is essentially a combination of technology licensing, foreign investment, commission processing, and the compensation trade which is still quite popular at present. It is also known as "compensation investment" or "reciprocal investment".

Generally speaking, this kind of economic cooperation means that the TNCs of developed countries export the whole plant or patented manufacturing technology to the enterprises of developing countries, and the MNCs receive the appropriate proportion of products produced after the operation of the enterprises as the mode of payment.

Investors can also get multiple benefits from production, such as machines, equipment, parts and other products.

Five, BOT financing strategy

BOT is a relatively new form of contractual direct investment.

The handover in BOT is the key to BOT investment and other investment modes.

A contractual or contractual joint equity joint venture means that the investors usually withdraw their investments through depreciation and profit sharing of fixed assets before the expiration of the term of operation. The contract stipulates that when the joint venture is expired, all the property of the enterprise will be returned to the host country without conditions, without liquidation.

In the BOT mode of equity joint venture, after the expiration of the business, the original enterprise is conditionally pferred to the host country, and the conditions are agreed upon by the parties involved in the preliminary negotiations for the joint venture.

The pfer of sole proprietorship also adopts such conditional handover.

Six, project financing strategy

Project financing is an international medium and long-term loan for a specific project. The main guarantee of the project loan is the expected economic benefits of the project and other participants' obligations to the project construction, inability to operate, lack of income and repayment of debts, rather than the financial and credibility of the organizer.

There are two main types of project financing: first, no recourse project financing, the risk of lender is very large, generally less used; two is the current internationally adopted recourse project financing, that is, lenders rely on project income as a source of debt repayment, and can set security interests in the assets of project units, but also require all parties concerned with the completion of the project to provide various guarantees for the third parties.

The guarantor shall be responsible for the debts of the project, subject to the amount of guarantee provided by them or the obligations under the relevant agreements.

Seven, DEG financing strategy

German investment and Development Co., Ltd. is a financial institution directly under the federal government of Germany. Its main objective is to provide assistance for the development of private sector economies in developing countries in Asia, Africa and Latin America and in eastern and central Europe.

DEG's investment projects must be profitable, comply with environmental protection requirements, belong to non political sensitive industries, and can have a positive impact on the development of the country.

The investors of DEG must have professional management and no administrative intervention. Management has at least 5 years' experience in related industries.

Its total assets should be greater than 10 million Mark, Germany, and less than 5 billion German Mark, and profits in the first two years, retained profits, and operating profit should be greater than 5%.

Eight, apply for the world bank IFC unsecured mortgage financing strategy

The World Bank International Finance Corporation adopts the international practice of commercial banks to invest in specific projects with stable economic returns.

There are mainly three ways to do this: providing project financing to enterprises, helping developing countries to raise funds in international financial markets and providing advice and technical assistance to enterprises and governments.

IFC helps to finance projects through limited recourse project financing.

IFC promotes foreign investment in China by directly undertaking project cooperation with foreign investors, assisting in project design and financing.

Nine, financial leasing strategy

Financial leasing means that the lessor enters into a supply contract with the third party according to the charterer's request and the specifications provided. The lessor obtains the factory, capital goods or other equipment according to the terms agreed by the lessee in the scope of its interests, and the lessor enters into a lease contract with the lessee to grant the lessee the right to use the equipment on the condition of the lessee's rent.

Financial leasing is a kind of financing method that combines financing and financing. It has a strong financial business and is regarded as a loan business related to equipment.

Ten. Setting up a financial company strategy.

According to China's current financial policies and regulations, powerful enterprises can set up financial companies. As a kind of non banking financial institutions, financial companies of enterprise groups can initiate the establishment of commercial banks and related securities investment funds and industrial investment funds.

To apply for the establishment of a financial company, the applicant must be an enterprise group with a series of specific conditions.

A financial company can operate: absorbing foreign currency deposits from member units, issuing financial company bonds through approval, issuing loans for foreign and domestic loans to member units, and providing buyer's credit to purchasers of products of member units, etc. The People's Bank of China determines and approves business according to the specific conditions of financial companies.

Eleven, industrial investment fund strategy

Investment fund is an important way of financing in the market economy. It was first developed in the United Kingdom and developed in the United States.

At present, the global fund market has a total value of US $3 trillion, which is equivalent to the total volume of global merchandise trade.

Since 1990s, the use of overseas investment funds has become a new effective means of utilizing foreign capital in China.

There are mainly two ways of investment fund circulation.

One is redemption from the fund itself at any time, and the other is the bidding pfer in the two tier market.

Twelve, restructuring and reforming the strategy of commercial banks with non-performing assets.

Banks can be regarded as special policy resources in our country. Enterprises can seize the opportunity to hold, annex and acquire local commercial banks in the form of bank assets reorganization.

The reorganization of bank assets can be divided into government compulsory reorganization and bank independent reorganization according to the different organization modes and reorganization modes.

In a word, we should strive to hold banks, restructure shareholding banks, apply for listing and open branches at home and abroad, and raise huge amounts of funds to support the development of enterprises in the industry and form industrial banks in essence.

Thirteen, industry asset restructuring strategy

Asset restructuring is the rapid expansion of the scale of the operation of the superior enterprises through the acquisition, merger, capital injection holding, joint venture, pfer of creditor's rights and joint operation, and rapidly expanding the production capacity and marketing network.

Fourteen, asset securitization financing strategy

Asset securitization is the latest modern financing tool outside the traditional financing method. It can solve the contradiction between capital demand and ownership form in the management system reform of state-owned large and medium-sized enterprises on the basis of effectively protecting the interests of state ownership of state-owned enterprises and infrastructure and maintaining enterprise stability.

Asset securitization can pform liquid assets into highly mobile cash, and turn the expected assets return into the cash income realized at present. Through the off balance sheet financing, the assets and liabilities structure of enterprises can be improved.

At the same time, we should use capital market, bankruptcy isolation and credit enhancement measures to solve the problems of China's introduction of foreign capital, especially the use of upgrading technology is more suitable for China's current situation.

Fifteen, employee stock ownership strategy

At present, China's stock companies issue new shares, in order to reflect the past achievements of employees, they can issue staff shares to employees.

The amount of staff shares of the company shall not exceed 10% of the amount of the public stock issued, and the average person shall not exceed 5000 shares.

When a company applies for public issuance of stock materials, it must submit a list of the number of employees approved by the local labor department and the workers' appointment to subscribe for shares. The China Securities Regulatory Commission will carry out verification, and it may no longer arrange the share of the company's employees after the public issue of shares.

Combined with the success of foreign ESOP employee stock ownership plan, we put forward several practical and feasible employee stock ownership plans: Employee Stock Ownership Association.

According to the company law, a listed company may set up an internal employee stock ownership Association in accordance with the provisions of the civil law and other provisions, and take the Employee Stock Ownership Association as a legal person shareholder of the company.

In the Employee Stock Ownership Association, the share of employees must reach a certain proportion, for example, more than 20%.

Such ESOP can increase the value of employees' assets after the listing and issuance of shares.

Employee fund scheme.