Abstract
In 2017, the balance of cash and cash equivalents at the end of term of ZLCs was 874.6 billion yuan, an increase of 6% y-o-y which was significantly lower than those of other years. There might be two reasons for the slow growth of cash and cash equivalents. Firstly, the accumulation of cash and cash equivalents of ZLCs has formed a certain scale. Secondly, due to the deleveraging in macro-economy and financial markets, financing channels for companies have been narrowed in 2017. As a result, many ZLCs were relatively short of capital.
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Zhongguancun Listed Companies Association. (2019). Investment, Financing and Cash Position of ZLCs in 2017. In: The Competitiveness Report of Zhongguancun Listed Companies (2018). Springer, Singapore. https://doi.org/10.1007/978-981-13-7697-9_7
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DOI: https://doi.org/10.1007/978-981-13-7697-9_7
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Publisher Name: Springer, Singapore
Print ISBN: 978-981-13-7696-2
Online ISBN: 978-981-13-7697-9
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