High & New Technology Enterprises' Project Financing Characteristic And Finance Strategy Choosing

Recently, high-tech corporations and high-tech projects spring out like bamboo shoots after rain, and have gradually become the core of the technological innovation. However, the high-tech corporation is constrained and embarrassed by the lack of capital, resulting from the lack of financing ways and methods in accordance with the features of high-tech corporations.This dissertation analyses the development and financing peculiarity of High & New Technology enterprises' project. On the basis of this, the dissertation generalizes the factors limiting access to capital as following four aspects: incertitude, asymmetric information, the nature of assets and financial market conditions. Then the dissertation suggests that the solution to High& New Technology enterprises' project financing difficulties lies in the microcosmic subject-enterprise and the macroscopic environment of financing. Then the dissertation probes that the choice of financial strategy of the High& New Technology enterprises' project should be on devising and selecting the financing behaviour, integrating developing stages, basing on the analysis to a variety of financial methods and fully considering relevant factors' effects.The financial tactics could assure the feasibility, availability, protracted nature of financial behaviours and maximized the value of enterprises.