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成本、风险、灵活性,这三大要素是决定企业融资成败的关键近两年来,不少大型国有企业纷纷开始探索多元化的融资渠道,不再满足于单一的银行贷款,而是将触角伸向了债券市场、私募、信托等金融领域。以锦江国际集团为例,2009年锦江国际集团首次发行30亿元人民币中期票据,开启了通过发行债务融资工具募集资金的先例。至2012年年中,锦江国际集团68亿的负债中有50亿是中期票据,18亿是贷款,贷款比例已下降至26%。多元化的融资渠道已成为大多数上海国企的战略选择,但目前可供选择的新型融资工具并不丰富。工商银行上海分行人士
In the past two years, many large state-owned enterprises have started to explore diversified financing channels and are no longer satisfied with a single bank loan. Instead, they will extend their tentacles To the bond market, private equity, trust and other financial areas. Taking Jin Jiang International Group as an example, in 2009, Jin Jiang International Group first issued 3 billion yuan of medium-term notes, opening up a precedent for raising funds through the issuance of debt financing instruments. By mid-2012, of the 6.8 billion of Jinjiang International Group's liabilities, 5 billion were medium-term notes, 1.8 billion were loans, and the loan ratio had dropped to 26%. Diversified financing channels have become the strategic choice for most SOE in Shanghai, but the new financing tools currently available for selection are not rich. Industrial and Commercial Bank of China branch in Shanghai