On Financing Of Small And Medium-Sized Enterprises

According to train of thought of economic development of our country since reform and opening-up, small and medium-sized enterprises' contribution rate to national economy raises constantly, meeting people's diversification and individualized demand very, realizing social specialty cooperate, carrying on scientific and technical innovation and increase social total amount, and giving play to the important function day by day. But the development of small and medium-sized enterprises is not plain sailing, in the course of its development, the difficulty in raising money is a main factor to restrict its development. This paper has carried on the helpful discussion from several ways to solve this difficulty of small and medium-sized enterprises.This paper introduces the theory of strategy for raising money of small and medium-sized enterprises, such as choosing the financing way in which oneself needs, confirming the suitable scale of financing and utilize the opportunities of different financing ways, making the best financing tactics, realizing the abundant use to the capital market of small and medium-sized enterprises.On the analyses of the actuality and the reasons of the difficulty in raising money, this paper analyzes the different requests in raising money of small and medium-sized enterprises of different kinds of and at different stages.On basis of these, the paper discusses the effect of against security, risk investment and second board market to ease the difficulty in raising money.Being a new thing, against security solves the difficulty effectively. But there are some obstacles to against security, so it is necessary to improve the financing assurance of small and medium-sized enterprises system, to implement the market-oriented management and the standard operation to control the risk of against security, which is the urgent problem waiting to be solved effectively. And how to choose the reliable credit organization is an important subject.Risk investment has important function on small and medium-sized enterprises, especially the new high-tech enterprises. Through the analysis of the conception and characters of risk investment, some suggestions have been given to choose the riskinvestment for small and medium-sized enterprises.To the medium and small high-tech enterprises being kept out of by the main board of the stock market, the second board is one of the best methods. Through the raising money from the second board, a kind of high efficiency can be offered. Through the Running and going public, the enterprises win higher profit and social reputations, promote the high-tech enterprise to operate high-standard, set up the mechanism of management of management with rational science, improve inside efficiency, and control and reduce the business risk.On basis of the academic analysis above, the paper discuss four case, the new way was developed in WEIDA' reorganization, a corporation in Beijing obtaining against security, TTI obtaining risk investment, and YUXING' going public on the second board.At last, the paper put forward that in order to improve the financing environment and support the developing of small and medium-sized enterprises, it is important to perfect the financing of small and medium-sized enterprises and support the system, to develop risk investment of small and medium-sized enterprises, to perfect the social service system of small and medium-sized enterprises constantly, and to take the financial measures to support the small and medium-sized enterprises, etc.