each source by the reporter from Shanghai p> recently, following the rating agency Moodys to sing after the air-owned stocks,blue high heels, another international rating agency Fitch issued another announcement,nike heels for women, saying that Chinese companies will continue to be the target of fraud allegations. Because of this, Fitch Ratings has 35 companies in the photovoltaic business is the shadow,cheap asics shoes, so analysts believe that the report might affect the current phase of the solar companies in the difficulties of re-financing. P> PV companies re-list p> 7 18,nike air griffey max 1 engaged in engineering wor, Fitch published entitled "China and the rating of corporate governance," the report. Report that there are 35 Chinese enterprises are facing the pressure of corporate governance, and to point out the use of Chinese-funded enterprises accounting standards is a major disadvantage in one of the indicators. P> Recently, the U.S. stock market in Chinese stocks experienced a rare low point in recent years, many Chinese companies even received the prosecution on fraud, a direct result of the companys share price continued to fall and suffer panic selling. Fitch said this, because there are many Chinese enterprises operating or accounting standards of corporate governance problems exposed, investor confidence will remain in the short term may be negative. P> the same time, Fitch said that 35 companies most of the credit rating below investment grade. Problems which include independent directors serving a longer time,jordan heels, concentration of ownership in the hands of a few individuals, a substantial revenue and capital spending,nike air max nm, debt and cash than too high. The report also 35 Chinese enterprises and financial management to assess the situation, and pointed out that as investors worried about the intensification of corporate governance,asics sneakers, Nine Dragons Paper, GCL 35 Mainland companies and other financing channels may be blocked. P> In fact, this is the second within a month, announced the initiative to sing the air capital stock of the international rating agencies. Last Monday,cheap canada goose, Moodys cited a "red flag" of the evaluation methods,canada goose canada, data on the 49 stocks in a warning. P> The GCL is also bearish on Moodys released after the announcement, they boarded the rating agencies look at a list of PV companies empty. "In fact this time since many institutions have begun to discover the photovoltaic business is not very high rate of return, and there are some companies blindly expand, resulting in a very tight cash flow,nike shoes australia, financing began to become difficult." I stocks PV industry analyst Wang Yuming, said, "Many organizations now have clearly recognized this problem, but again, Moodys and Fitch point out this problem." p> or affect the photovoltaic industry financing p> Moodys and Fitch bearish announcements have emerged in the photovoltaic business figure, which is the development of domestic PV industry is a negative signal, and may cause international investors to invest more for the photovoltaic industry cautious. P> present, many domestic enterprises for capital PV can be regarded as desperate. Wang Yuming had said: "In fact, many solar energy companies more money, mainly due to the continuous expansion of production capacity, to carry out vertical integration,new griffey shoes, high-price ratio of capital expenditures." P> LDK is such an example. From March this year,dunk sb heels, LDK first nearly $ 33 million acquisition of SPIs 70 percent U.S. share,dunk heels, followed by an increase in Hefei, Anhui Province, a new battery production base, long before they announced the $ 40 million in Jiangxi Province,jordan heels, Nanchang to build a new two inches every year two million sapphire wafer fab capacity to supply such a number of major investment. P> not just the domestic photovoltaic giant, after the PV industry market in 2010 because of hot and mushroomed in Zhejiang small photovoltaic enterprises,griffey shoes, is also necessary capital investments. According to the reporter,nike heels shoes, the majority of last year into the photovoltaic industry, companies are currently experiencing difficult access issues orders, while the demand for funding is that they can spend this year, a "winter" one of the important. P> |
