The Study On The Interacted Relation Between Growth Enterprises Market And High Technology Industry

There is a crude unusual relation between Growth Enterprises Market and high technology industry from the view of foreign development experience. But some countries which Growth Enterprises Markets develops well, such as America and England, paid attention to the relation at first. They don't hope to further the their relation by establishing the relative measures, but destroy it.It is on 3,1998 when our Growth Enterprises Market is brought forward at first. Until June of 2000 year, our Growth Enterprises Market start-up formally, named the SSE second exchange system. In this period, State Department discussed the proposal brought forward by the SSE second exchange system many times, and we can see that our state is very cautious of Growth Enterprises Market, also indicates volition to develop it. State Department constituted a decision which content is on enhancing technology innovation, developing high technology and achieve its industrialization on August 20, 1999. The decision purported that our state should cultivate the capital market for high technology industry development, establish the mechanism of venture capital investment gradually, and set up the high technology enterprises board when it is appropriate. On November 29, 1999, the standing committee of the people's representations amended the law for company, and the high technology enterprises could come into the market according to the standard constituted newly by State Department, and at the same time, passed a decision on preparing a separate stock exchange system for the high technology enterprises. Even though we were all set, we have to stop Growth Enterprises Market after it was set up justly. Until May of 2004, constitution of the middling and small board lifted the curtain on the development of our Growth Enterprises Market.The development of our Growth Enterprises Market is very slow, which result in the slow development of high technology industry directly. From the view of the experience of Hesperian Growth Enterprises Market development, the constitution of Growth Enterprises Market will increase the speed of the high technology industry development, but in our country, this kind of phenomenon didn't appear, and high technology industry development is persistently slow. So we can't eliminate that late Growth Enterprises Market forms the reason. From the view of our state, the important step of improving our synthesis national power is developing high technology, one of the keys of which is establishing investment system, the necessary condition of which is establishing burgeoning securities business. In fact, the constitution of Growth Enterprises Market is not only the need of high technology industrialization, but also the need of reform and development of economic system from the view of broader sense. Growth Enterprises Market will provide the site for new type of enterprises financing directly and capital dilation. It can both improve the financing diversification, and promote large quantities of high technology enterprises to develop.What I just said indicates that our action of enhancing their relation is not perfect, and also consciousness about is it not sufficient. It is very obvious that the domestic literature on Growth Enterprises Market focuses on the instauration and running of it, the conditions of coming into the market of high technology enterprises, the experience of overseas Growth Enterprises Market development etc. Now we have no special composing on the relation between Growth Enterprises Market and high technology industry. This kind of research is scarce not only interiorly but also overseas. Consciousness should progress first, but not, instead we rashly acted, which resulted in the dystocia of Growth Enterprises Market. So we should clarify that the relation between Growth Enterprises Market and high technology industry is the key of developing Growth Enterprises Market properly and promoting the development of high technology industry.The development of high technology industry needs the supp...