Research On The Financial And Related Affairs Of Listing Of Private High-tech Corporations

Listing of a company is the best way for private high-tech corporation with further development. Along with more and more private corporations to be listed into market, the capital market of China supports high-tech corporation with exploring Growth Enterprise Market. The financial affair is one of the most important things for private high-tech corporations to be listed in market. Private high-tech corporations have their special characters and financial affairs.The writer research the financial and related affairs for private high-tech corporation planning to be listed in market, pay attention to what kind of key financial obstacles, how to solve them , that is the motivation and intention of this article.The writer follows following clues: discover questions,brings up and enunciates problems, solves problems.Firstly, the writer studies the present situations of listing of high-tech corporations in China, regards being listed in Growth Enterprise Market is a common way for private high-tech corporations, reverse take over(RTO) is another way.Secondly, the writer studies the qualifications to satisfy financial conditions to be listed in market for private high-tech corporations abroad and in China. It concentrates on requires of company management and financial index.Thirdly, the writer analyses and discusses the factors to influence financial insurance system to be listed in market for private high-tech corporations, including macroscopical and microcosmic factors (stock ownership; company management; real financial reflections; mode to list in market). Points out following problems for private high-tech corporations: l.the unfair government policies to private high-tech corporations, faultiness in capital market and high-tech industry; 2.the inconsequence structure of stock ownership (single strong stock holder and "Red Cap" are common problems); 3.fasle company management structure, lack of prompting process and perfect inner control; 4.it is easy to be listed in market with factitious packaging etc.Finally, to solve the above problems, the writer suggests some measures, includes: 1.government should provide supports in policy; 2.consummate all kinds of developing markets; 3.develop capital market especially Growth Enterprise Market energetically. Furthermore, to consummate the stock issuing and auditing mode; consummate supervise; consummate risk prevention mechanism. At the same time, suggest some measures to construct good stock ownership; some measures in detail to consummate the construction of high-tech company management, including carrying out professional manager; consummating prompting and obligation system; carrying out the stock option inter-corporation. Moreover, request using "index management" to make every working index reach the standard of listing in second board stock market, carry out financial statement insurance system to prevent financial factitious packaging.