Financing Constraints of Enterprise—Based on RMB Included into SDR

Abstract

Beijing time December 1st 2015 at 1 am, International Monetary Fund formally announced that add RMB into SDR (Special Drawing Right), the decision is to take effect on October 1st 2016. Considering the financing constraints most China’s listed companies have, we think that the decision will impact the status quo. This paper is centered around the financing constraints of enterprises, based on RMB included into SDR.