Development Of The Second Board Stock Market In China:Limitation And Improvement Measure

The modern economy has already entered a time of knowledge-economy, It is well-known that the most important part of the knowledge economy is high-tech industry. There must be a long way and abundance of risks while knowledge is being turned into economic revenue. However, every step in the process cannot get along without financial support. It has already become common sense that, facing the worldwide knowledge-economic turmoil, we must improve the high-tech industries of our country by introducing the career of risk-investment. The sticking point of whether the risk-investment will succeed or not is the existence of a healthy retreat mechanism. From uncountable facts, it comes out that the growth enterprise market is the best xit? That the growth enterprise market is set up makes for fetching up the shortages of the capital market in macroeconomic and is good for the development of the high-tech industry and the middle level enterprise in microeconomic. So the growth enterprise market must be founded in our country.The characteristic of the dissertation is that the method of comparative study, academic and demonstrative study have been used to prove the importance of the growth enterprise market and a set of elaborate projects have been made. The essay contains the following four sections: First, the necessities of introduction of the growth enterprise market on the present condition in China; second, the compare between the development models of different countries?second-board markets for reference; third, the present limitation of the growth enterprise market in China, from the views of both market and system; fourth, the way to improve the growth enterprise stock market in China, including Some suggestions are put forward, such as the mode of the operation, the status of the growth enterprise market in the whole securities market and so on.