宏源证券企业融资业务研究
发布时间：2018-11-21 10:06
【摘要】：证券公司作为资本市场中重要的金融机构之一,在金融体系中扮演的角色、发挥的功能已经显得越来越重要。宏源证券作为第一家上市的证券公司,其对企业融资的创新业务,在近两年也取得了跨越式发展。2014年以来,我国经济增速放缓,此时企业对国民经济的拉动作用就显得更加珍贵,但企业融资难,融资方式单一的问题仍然困扰着企业。因此,充分发挥宏源证券在金融市场中的作用,通过其创新型的融资业务,帮助企业缓解融资难度,增加融资的方式,是企业和宏源证券实现持续发展的又一良机。 文章首先介绍了宏源证券的基本情况及宏源证券企业融资的传统业务,例如公司债和私募债,城投债,股票质押回购业务。但随着企业的发展和时代的变迁,企业融资需求发生改变,宏源证券传统的企业融资业务已经不能完全满足企业的需求。随即,宏源证券根据企业需求的特点,结合国家对证券公司的政策引导,在一些创新性的企业融资业务上有所作为,例如：资产证券化业务、企业融资通道业务、信托宝业务、私募中票业务。这些业务实现了企业、券商、投资者风险共担,优化了企业的财务结构,提出宏源证券依靠股东加大海外业务开展。最后,文章提出了完善宏源证券企业融资业务的对策和建议,希望能够促进宏源证券自身的成长与发展,为资本市场的投资者带来更好的金融服务,让投资者更加了解企业,愿意将资金投入到企业中来。相应的,也能够促进我国资本市场融资结构更加优化,更加成熟。本文的研究结果能够帮助宏源证券更好的开展企业融资业务,同时对企业,资本市场的发展都有实践意义。 文章提出,类似于宏源证券对企业融资的创新业务,应该充分发挥自身作为证券公司在资本市场中的优势和独特地位,顺应行业发展,在不违背行业监管法律的原则下,在风险可控,可测的前提下,积极开发适合企业、券商的创新类融资工具,从而带动企业融资渠道向多元化发展,进而促进我国资本市场更加成熟,实现投资者、企业、券商的多赢。
[Abstract]:As one of the important financial institutions in the capital market, securities companies play an increasingly important role in the financial system. As the first listed securities company, Hongyuan Securities has made leaps and bounds in its innovative business of enterprise financing in the past two years. Since 2014, China's economic growth rate has slowed down. At this time, the pulling effect of enterprises on the national economy is more precious, but the financing of enterprises is difficult, the single financing method still puzzles the enterprises. Therefore, giving full play to the role of Hongyuan securities in the financial market, through its innovative financing business, to help enterprises ease the difficulty of financing and increase the way of financing, is another good opportunity for enterprises and Hongyuan securities to achieve sustainable development. This paper first introduces the basic situation of Hongyuan Securities and the traditional business of Hongyuan Securities financing, such as corporate debt and private debt, city investment debt, stock pledge repurchase business. However, with the development of enterprises and the changes of times, the financing needs of enterprises have changed. The traditional financing business of Hongyuan Securities can not fully meet the needs of enterprises. Immediately, according to the characteristics of the enterprise demand, Hongyuan Securities has made some achievements in some innovative enterprise financing business, such as asset securitization business, enterprise financing channel business, trust treasure business, combined with the policy guidance of the state to the securities company. Private equity ticket business. These businesses realize the risk sharing among enterprises, securities firms and investors, optimize the financial structure of enterprises, and put forward that Hongyuan Securities relies on shareholders to expand overseas business. Finally, the article puts forward the countermeasures and suggestions to perfect the financing business of Hongyuan securities enterprise, hoping to promote the growth and development of Hongyuan securities itself, bring better financial services to investors in the capital market, and let investors understand the enterprise better. Willing to put money into the enterprise. Accordingly, also can promote our country capital market financing structure to be more optimized, more mature. The research results of this paper can help Hongyuan Securities to carry out financing business better, and it has practical significance to the development of enterprise and capital market at the same time. The paper points out that the innovative business similar to Hongyuan Securities should give full play to its advantages and unique position in the capital market, comply with the development of the industry, and not violate the principle of industry supervision law. Under the premise of controllable and measurable risks, we should actively develop innovative financing tools suitable for enterprises and securities dealers, thus driving enterprises to diversify their financing channels, thus promoting the maturity of our country's capital market and realizing investors and enterprises. The stockbroker wins many times.
【学位授予单位】：郑州大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51
本文编号：2346655
[Abstract]:As one of the important financial institutions in the capital market, securities companies play an increasingly important role in the financial system. As the first listed securities company, Hongyuan Securities has made leaps and bounds in its innovative business of enterprise financing in the past two years. Since 2014, China's economic growth rate has slowed down. At this time, the pulling effect of enterprises on the national economy is more precious, but the financing of enterprises is difficult, the single financing method still puzzles the enterprises. Therefore, giving full play to the role of Hongyuan securities in the financial market, through its innovative financing business, to help enterprises ease the difficulty of financing and increase the way of financing, is another good opportunity for enterprises and Hongyuan securities to achieve sustainable development. This paper first introduces the basic situation of Hongyuan Securities and the traditional business of Hongyuan Securities financing, such as corporate debt and private debt, city investment debt, stock pledge repurchase business. However, with the development of enterprises and the changes of times, the financing needs of enterprises have changed. The traditional financing business of Hongyuan Securities can not fully meet the needs of enterprises. Immediately, according to the characteristics of the enterprise demand, Hongyuan Securities has made some achievements in some innovative enterprise financing business, such as asset securitization business, enterprise financing channel business, trust treasure business, combined with the policy guidance of the state to the securities company. Private equity ticket business. These businesses realize the risk sharing among enterprises, securities firms and investors, optimize the financial structure of enterprises, and put forward that Hongyuan Securities relies on shareholders to expand overseas business. Finally, the article puts forward the countermeasures and suggestions to perfect the financing business of Hongyuan securities enterprise, hoping to promote the growth and development of Hongyuan securities itself, bring better financial services to investors in the capital market, and let investors understand the enterprise better. Willing to put money into the enterprise. Accordingly, also can promote our country capital market financing structure to be more optimized, more mature. The research results of this paper can help Hongyuan Securities to carry out financing business better, and it has practical significance to the development of enterprise and capital market at the same time. The paper points out that the innovative business similar to Hongyuan Securities should give full play to its advantages and unique position in the capital market, comply with the development of the industry, and not violate the principle of industry supervision law. Under the premise of controllable and measurable risks, we should actively develop innovative financing tools suitable for enterprises and securities dealers, thus driving enterprises to diversify their financing channels, thus promoting the maturity of our country's capital market and realizing investors and enterprises. The stockbroker wins many times.
【学位授予单位】：郑州大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51
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