The Research In The Using Efficiency Of Chinese Small And Medium-sized Listed Financing

The use of small and medium-sized listed on the stock market to raise funds to solve their difficulties in an important way of financing,but also its sustainable development and an important way for rapid expansion,but also to play the stock market is to optimize the allocation of resources means function,which is no doubt that with the development of small and medium-sized to major opportunities. Corporate finance market is a market economy functions to achieve optimal allocation of resources,an important means of financing is an appropriate function of the stock market long-term financing to function effectively in an important prerequisite.But in real life,in some small and medium-sized listed on the over-performance "financing thirst disease",particularly in the refinance market,there are some financing malicious behavior,the prevalence of" Enclosure money" the impulse to change and investment funds as well as the funds are major shareholders of the occupier,such as serious,they seriously distort the financing of China's securities markets function,reducing the use of funds and the efficiency of resource allocation efficiency,interference in China's stock market to optimize resource allocation function.In this paper,through the use of qualitative and quantitative research combining theory and empirical method of combining light China's realities,detailed and systematic financing of China's small and medium-sized acts listed the many problems that exist and the reasons for the analysis of behavior to improve financing market response.In this paper,based on the analytical model to China's national conditions, given the conclusions of this paper,the larger the value of practical application. Conclusion In this paper,for the investment decisions of investors to provide a reference for the listing of small and medium enterprises to improve the overall quality of the ideas provided for the supervision of the securities regulatory authorities to provide recommendations;for China's reform and development of the stock market, as well as for the operation of the stock market mechanism innovation,there are important theoretical and practical significance.