The Development Of Small And Medium Sized New High-Tech Enterprise And Capital Market

The small and medium-sized new high-tech enterprise produces rapidly with industrialization of scientific and technical result and arrival of the kownledge economy in recent years. People have known its social economic function gradually. The development of the small and medium-sized new high-tech enterprises of our country is still in primary stage. How to make them bigger and stronger has already aroused great concern from theory circle and business circles. This text made the research on the development in current situation of small and medium-sized new high-tech enterprises in our country to find that the question of the fund is the bottleneck, which small and medium-sized new high-tech enterprise developed. So, through studying a contrast on market of domestic foreign capitals, we can think that there are all sorts of defects on the capital market of our country. The key SES of the issue is that good credit extending channel is not able to been offered for medium and small new high-tech enterprise; And, it is the basic way to solve the problem to develop and perfect the securities market of our country, debt-credit market further. Last, this text proceeds with two respects of breadth and depth to solve the defect problem of the capital market and introducing the finance to innovate, corresponding setting-up multi-level, pluralism capital market accords with the national conditions of our country to make its better to serve financing of medium and small new high-tech enterprise.Through the contrast of domestic and outside studying of multi-level capital markets, this text attempt to set up serving small and medium-sized High-Tech plateses of new high-tech enterprises; Two boards of market; The market of transactions of property right; The angle investment; The system of four grades of transactions of risk investment. We can say that this is a new try of the research on capital market.