1. Financing channels for additional issuance and allotment. 1. Issuance and allotment are effective channels for listed companies to raise funds. 2. It is beneficial to the shareholders of listed companies to introduce funds through additional issuance and allotment. 2. Bank loan financing channels. 3. Endogenous financing channels. Endogenous financing mainly refers to a way for listed companies to raise funds through their own accumulated funds.
1. Additional issuance. Financing channel of rights issue. 1. Issuance and allotment are effective channels for listed companies to raise funds. 2. It is beneficial to the shareholders of listed companies to introduce funds through additional issuance and allotment. 2. Bank loan financing channels. 3. Endogenous financing channels. Endogenous financing mainly refers to a way for listed companies to raise funds through their own accumulated funds. One. Additional issuance. The financing channel for rights issue is 1. Issuance and allotment of shares are effective channels for listed companies to raise funds. Among them, additional issuance refers to the issuance of new shares by listed companies to ordinary people, and allotment refers to the allotment of new shares by listed companies to shareholders of the company. These two methods are direct financing. While increasing the owner's rights and interests, additional issuance will reduce the shareholding ratio of shareholders, lead to the decline of the company's control rights, dilute the company's shares and avoid the concentration of rights. 2. It is beneficial to the shareholders of listed companies to introduce funds through additional issuance and allotment. At present, there is a problem of expanding circulation in the financing channels of issuing additional shares, which has caused great harm to the development of China's capital market. Therefore, the relevant departments have formulated a series of strict audit measures for the issuance and allotment of shares, which will affect the net income of listed companies. Strict requirements have been made on the scale and duration of financing to avoid some problems that hinder the development of the capital market. Two. Bank loan financing channel 1. Bank loan financing is a very common financing channel, especially for companies with continuous financial support. Bank loan financing is the repayment period of listed companies and banks. The loan interest rate and other aspects reached an agreement to obtain the funds loaned by the bank on the premise of repaying the principal and interest. Bank loan is a preferred financing channel for many listed companies, but in practice, there are not many listed companies financing through this channel, which forms a contradiction between them. 2. From the perspective of listed companies, bank loans will increase the company's debt ratio and play a double-edged sword role in the company's development. From the bank's point of view, there are certain risks in a large number of loans, and banks need to control the amount of funds to reduce the risks. Therefore, only by forming information transparency between listed companies and banks can the utilization rate of bank loan financing channels be improved. Three. Endogenous financing channel, endogenous financing mainly refers to a way for listed companies to raise funds through their own accumulated funds. The source of endogenous funds is mainly commodity depreciation. Income retention and enterprise principal, etc. Endogenous financing should be the first choice for listed companies, which has two main advantages: 1. The internal source of funds is the listed company itself, and the cost is low. Strong autonomy and strong ability to resist risks. 2. Endogenous financing is the optimal utilization of listed companies' own resources, which can strengthen the company's financial management and capital utilization and is conducive to the company's development.