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(2) Department of finance Delong non-listed company, using their own resources for industry consolidation - IPO financing - the introduction of series of programs, measures - to increase their investment leveraged buyout. Or use their resources to industry consolidation - not IPO financing, replacement into existing listed companies - as the existing listed companies to increase their investment financing factors. This is the "Troika" to increase their investment to achieve a series of reasons. 
(3) the shares of financial sector, financial institutions raise funds by function, on the one hand a large number of fund-raising to expand its core business of market size and market share; Lingyifangmian synergy, use of the financial advantage of enhancing its business and product competitiveness. 

Whether in the years 1997 to 1999 bear market, or from the bear market that began in 2001, the known as "the first stock market Zhuang", "China's first Jiangzhuang" reputation of Deron has been the image of evergreen Zhuanggu supported the party in the world market. However, the rebound in the stock market in 2004, Drilon "troika" has gone against the tide fell, until the diving, no doubt, the capital chain completely broken. 

   Analysis of the reasons for the collapse of the Empire Delong, of course, the macro backdrop of a number of reasons, such as: national financing policy of a state-owned enterprises used to tilt, so that private enterprise financing; China's capital market development is not yet perfect, perfect, relevant operational rules not yet into the system, resulting in difficult capital operation of private enterprises; equity related laws, regulations and related policies is lagging behind, it is difficult to solve new problems; financial and securities supervision and regulatory authorities is not enough; private enterprise as a whole lack of credit , coupled with the beginning of 2004, due to overheated investment in the Central Government concerned, to adopt a monetary policy contraction in monetary policy, directly reduce business loans. State restrictions on several overheated sectors, including steel, cement, electrolytic aluminum, automotive, real estate and coal. Delong involved in several major industries, is precisely one of them. Since the emergence of this series of external factors and promote the Delong funding strand breaks, a picture of the domino Delong

   But further explore the deeper reason, I think the reason is the internal Delong. First of all, Delong, Department of Industrial and Financial two areas involved in this basis, Delong further subdivided, industry, including tomato paste, cement, auto parts, power tools, heavy-duty trucks, seeds, mining, etc.; finance , then the trust, securities, commercial banks, leasing and other eclectic. The so-called scene shop is too wide and too large, the correlation coefficient between industries but also very small, and also not have their own core industries, industry consolidation is only achieved a dubious, which led to the Delong not have their own core competencies, in an increasingly competitive market economy, there is no core business is the market sooner or later to extinction. 

   Should be recognized that the development of enterprises to a certain extent will want to continue to grow for capital management, not on its own accumulation, fund public financing and other financing channels widen, provide the basis for the capital operation. Financing is completed is the premise, but how to become entrepreneurs in the capital have to think about. Should beware of the trap and be treated with caution diversified industrial integration. 500 in the world economy, few enterprises are safe conduct by the diversification of life. Statistics show that 70 years a large U.S. enterprises to enter the industry is 4.3, while in the 90s, a big business into the industry is only 1.2. The reason why some companies have a wide range of ideas, primarily for their own main business which started production, "how long can the red flag" concerns. Giants and if so, the sun god is the same. Titan was founded in 1988, during 1988-1993 period, they got rapid development, the annual output of 7.5 million in 1988 You, all the way rose to 1.3 billion in 1993. However, that is, at this time, the enterprise market development for the future of health care products had shaken, made the search for "Multilateral anchor" approach, the results within the group of nearly 20 projects to engage the company, widely involved in hotels, restaurants, car Qi , cosmetics, cross-border trade and other industries. Apollo not only in the diversification of particles not received, and missed a good opportunity to build a solid core business, the consequences reflected in the final in recent years. 

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Rtgage Advice Flexiblemorgage M Flexible Mortgage Of Szh 1 Flexible Mortgage Chinese private enterprise capital operation and industrial integration

Rtgage Advice Flexiblemorgage M Flexible Mortgage Of Szh 1 Flexible Mortgage