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The fund's permanent portfolio
1. The characteristic of conservative financing strategy is that current liabilities only meet the capital demand of part of temporary current assets, while the other part of temporary current assets and permanent current assets are funded by long-term liabilities and equity capital;

Second, the characteristics of a prudent financing strategy are that current liabilities meet the capital needs of temporary current assets, and the sources of funds for permanent current assets and fixed assets are solved by long-term funds;

3. The characteristic of active financing strategy is that current liabilities not only meet the capital demand of temporary current assets, but also solve the capital source of some permanent current assets. Conservative financing strategy has the least risk, but poor profitability. Aggressive financing strategy is the most risky, but the expected profitability is the best, and a sound financing strategy is in between.

Financing strategy: the first one is IMF, which means secret loans of fake stocks. As the name implies, the so-called fake stock secret loan means that investors invest in projects in the form of shares, but actually do not participate in project management. Withdraw from the project at a certain time. This method is mostly adopted by foreign funds. The disadvantage is that the operation cycle is long, and it is necessary to change the shareholder structure and even the nature of the company. There are many foreign funds, so if you invest in this way, the nature of domestic companies will be changed to Sino-foreign joint ventures.

meaning

Capital is the first and continuous driving force of enterprise economic activities. Whether an enterprise can obtain a stable source of funds and raise the funds needed for the combination of production factors in time and in full is very important for its business development. But the biggest obstacle to the development of many enterprises is the financing dilemma. About 80% of the enterprises surveyed, especially private enterprises, believe that financing difficulty is a common or main constraint. In the start-up stage, more than 90% of the initial funds are provided by the main owners, members of the start-up team and their families, and bank loans and loans from other financial institutions or non-financial institutions play a small role. From this point of view, the importance and urgency of mastering financing strategy and practice is obvious.