Corporate Finance Theory and Cases

Author: Chen Yan
Publisher:
Publish Date: 2000-12-01
Features: Banks and enterprises are two main bodies of the modern economy, both interdependent and mutually restrictive. The traditional bank-enterprise relationship in China was an internal link between state-owned banks and state-owned enterprises, with no market transaction characteristics in the flow and allocation of funds. With the advancement of the market economy system reform, enterprises began to diversify their structures. State-owned enterprises entered the market during the transition and restructuring, while state-owned banks moved towards commercialization. The bank-enterprise relationship underwent significant changes and faced a series of issues: