The Applied Study Of Operating Mechanism Of The Fund Of Development Of High-Tech Enterprise In China

Over the past several years, the practice in some developed countries has proved that to develop Hi-Tech is extremely important to the sustained economic growth for a country. The characteristic of high investments, high risk and high repayment of Hi-Tech enterprises have objectively determined the large gap in Operating mechanism of fund between Hi-Tech enterprises and traditional industry. To a great extent, the success of a high-tech enterprise depends on whether its fund operation can match its phased development, and whether can be implemented smoothly.Scholars in China have put forward their various opinions to the Development and financing of high-tech enterprise in China, At present, most of the researching achievements in the financing problem have taken some aspects into consideration such as policy support from the government, financial support from banks, great development in venture capital and the more decrease in tax, and some countermeasures have been put forward as well. However, operating mechanism of fund in Hi-Tech enterprises is practically a complicated and dynamic procedure, hence, We should come to it from systematization perspective, study the supporting mechanism of fund for the enterprise's development, combine all the aspects of the mechanism, and analyze the casual relationship in it.The operating mechanism of the fund in high-tech enterprise includes 4 parts: macro financing environment, capital market, financial organization and financial instrument. The four parts of it don't influence the financing of high-tech enterprise respectively, but form into a dynamic interactive system. Only when we have put all the four parts into a united analytic frame, can we comprehensively grasp theme of operating mechanism in high-tech enterprise's development. The thesis starts from the characteristics of fund in high-tech enterprise. Then comes to the summarization of research results both in China and abroad, An overall analysis on operating mechanism of fund in Hi-Tech enterprise's development is done and perfection measure concerned are put forward as well in it.According to the results above, in fund operation of High-Tech enterprise, every factor doesn't work respectively, we should systematically and comprehensively analyze problem and solve them, and realize the combined influence of all the factors, so as to theoretically and practically do good to the perfection of operating mechanism...