A Study On The Growth Enterprise Market In China

In the 21s it's inevitable to establish the growth enterprise market. Since the capital market develops steadily and the economic system reform is also deepened. The growth enterprise market will exert positive influence on the quit of risk market, financing of medium and small businesses, and development of high new technology, which can't be achieved by traditional main board market.The growth enterprise market was newly born in China. Although our growth enterprise market has made certain achievements in the last ten years, still lots of problems exist, especially, the standard functioning of the market, which hasn't caught up with the international market. The characteristic "Security market plight"deprives stockholders of their interest. it's hard to imagine that the growth enterprise market can work in a standard way without a developed mainboard market as a base.Through investigation of certain problem concerning Chinese growth enterprise market, this thesis angues how to standarize and develop the prospective Chinese growth enterprise market. Instead of exhausting everything relevant to the growth enterprise market, the thesis focuses on the analysis of features and functions of the growth enterprise matket, conditions for the growth enterprise matket enterprises to appear on the market, share-holding system transform,functions of intermediary orgnizations,especially,stock business, service norms, prectionsfor little investors.this thesis holds that growth enterprise market is an inexoruble outcome of our socialist market economy. Its establishment is bound to promote the share-holding transform of new, highly growing medium and small enterprises, prefect the structure of capital market,and spur the development of our socialist market economy characterized by knowledge economy.This paper falls into four parts.The first part deals with features and functions of Chinese growth enterprise market. It devells on the background for the establishment of the growth enterpricse market , then surveys it's features of high risk, high prafit, whole stock circulation. Special attention is paid to its extraordinary functions to our economy and mainboardstock market. The author holds that two markets replenish mutually, promote mutually, meet financing reguirements of different scale enterprises on the market and perfect the capital market structure of our country.The second part is about conditions for the growth enterprise market enterprises to appear on the market. This part begins with discussion about conditions for American growth enterprise market- NASDAQ market to be on the market and taking into account special conditions of our country, confirm the location problems of the growth enterprise market in china as well conditions for it to appear on the market. Then itanalizes in detail the problems that our growth enterprise market enterprises to be on the market should cope with, in hopes of exploring a road for the share-holding system-transform that suits our special national conditions.The third part lays emphasis on intermediary organization functions and service norms. It mainly discusses the self-adjustment of securitybusiness in order to have a dominant effect on the working of growth enterprise market.The forth part devells on the protection for medium and small investors. First, through the analysis of risks encountered investors, it is intended to explain the protection measures. Government should take so as to normalize security market. Then it discusses self-protection from medium and small investors themselves, including strengthening risk consciousness and grasping flexible investment skills.In sum, the growth enterprise market is different from mainboard market. To perfect it calls for joint efferts of researchers and operators.