Analysis of Capital Structure Characteristics of Chinese Listed Companies

This paper analyses the characteristics of capital structure of Chinese listed companies from average balance sheet,financing trend,external financing source comparison and financing behaviors et al.The study finds that,the debt percentage in Chinese listed companies capital structure is relatively low,while the short-term debt percentage is high,and the ratio of long-term debt is low.Chinese listed companies excessively depend on external financing.There are mainly equity financing in external financing and they have a keen preferences for equity financing.