持续的紧缩货币政策带来流动性的减少必然对上市公司的债务融资和债务融资结构带来一定的影响,债务融资结构的一个主要特点是银行信贷比例快速下降,说明紧缩货币政策导致上市公司主要的资金来源受到了限制;另一个主要特点是债务结构比例变化幅度增大,说明紧缩货币政策的影响力要大于以往政策的影响力。 Continued tightening The reduction of liquidity brought by monetary policy inevitably has an impact on the debt financing and debt financing structure of listed companies. One of the main features of debt financing structure is the rapid decline in the proportion of bank credit, indicating that the tightening of monetary policy has led to the major The main source of funding is limited; another major feature is the increase in the proportion of debt structure changes, indicating that the tightening of monetary policy influence is greater than the impact of past policies.