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跨国公司在华子公司的融资方式按其重要性依次为直接投资(包括中外合资)、中国境内人民币借款、中国境内外汇借款、中国境外借款。因我国对外资企业的有关法律的规定,它们的负债率都比较低。短期融资主要是向中资银行的人民币借款,因为这比其他借款成本低。了解跨国公司在华企业的融资行为和融资策略,可以加强对它们在华融资行为的引导和规范,改善我国的投融资环境。
According to their importance, the ways of financing multinational corporations' subsidiaries in China are: direct investment (including Sino-foreign joint ventures), RMB loans in China, foreign exchange loans in China and loans outside China. Due to our country's laws on foreign-funded enterprises, their debt ratio is relatively low. Short-term financing mainly borrows from Renminbi in Chinese banks because it costs less than other borrowings. Understanding the financing activities and financing strategies of multinational corporations in China can enhance the guidance and regulation of their financing activities in China and improve the environment for investment and financing in China.