Abstract

Development of the new energy industry is crucial to China’s future and local industrial rejuvenation. Meanwhile, irrational financing behavior will has negative effect on the sustainable development of listed company. As one of the emerging hi-tech enterprise, how to define the rationality of financing behavior is crucial to sustainable development of new energy industry. The article focuses on listed companies of new energy industries, analyzes irrational financing factors, and puts forward countermeasures.

Highlights

  • Development of the new energy industry is crucial to China’s future and local industrial rejuvenation

  • As one of the emerging hi-tech enterprise, how to define the rationality of financing behavior is crucial to sustainable development of new energy industry

  • The article focuses on listed companies of new energy industries, analyzes irrational financing factors, and puts forward countermeasures

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Summary

Irrational Financing Behavior

At present, financing ways of new energy listed companies include issuing stock, introducing venture capital, issuing corporate bonds and bank loans These channels are still unable to meet the needs of the rapid development of new energy industry of capital due to various reasons, and the financing mode remains biased, concrete analysis is as follows. Hudson, clean energy companies obtain credit bank of Switzerland $300 million in 2008, renewable energy investment banking at credit of Switzerland CEO John cavalier as a partners usually pay more attention to enterprise capital turnover and solvency, loans are mostly need collateral, and venture capital as equity capital, and bank credit capital of difference is that risk investment preference for high-risk projects, pay attention to corporate earnings and future growth, risk investment mainly covers in start-up stage of SMEs, to join Hudson, so as to realize win-win both sides with deposit. The Shenzhen stock exchange has launched the small and medium-sized enterprises board, but the listed terms and there was no difference in the motherboard market, should lower the threshold of the new energy enterprises listed as soon as possible

Establish and Perfect the New Energy Fund
Findings
Strengthening Governance Efficiency and Improving the Utilization of Funds
Full Text
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