Research On Chinese Small And Medium Enterprises That List On The United States OTCBB Market

Chinese SMEs(Small and medium-sized enterprises) is an very important integrated part of our national economy, they have already become important motive force for promoting the development of the social production forces. The practice shows that SMEs is playing an increasingly important part in the fields of promoting economic development, prosperity of rural and urban markets, increasing fiscal revenue, expanding social employment, promoting technological innovation and optimizing economic structure. Many Chinese SMEs select the United States OTCBB Market to list and financing because it's really difficult for SMEs to get financing in Mainland China.The starting point of this thesis is Many Chinese SMEs that list on the United States OTCBB Market, firstly explains internal and external reason why Chinese SMEs financing is difficult, and analyzes the boom for Chinese SMEs listing on overseas stock markets. In the meanwhile, comparing with the stock markets of different countries and regions, this thesis analyzes the United States OTCBB Market and listing process, discusses the advantages for listing in OTCBB Market. This thesis focuses on analyzing these Chinese SMEs which have successfully upgraded to the main markets from the OTCBB Market, researches a typical case that has successfully listed in the OTCBB Market, and analyzes the benefit which be got from the OTCBB Market.Last but not least, the OTCBB market is not suitable for all of Chinese SMEs although the United States OTCBB Market is a good way for Chinese SMEs to solve the financing difficulty, because some companies have good performance but others not in the OTCBB market, only when the SMEs succeed to upgrade to other markets, and would be got more recognition of investors, achieves the financing so that the enterprises themselves develop faster. So we should regard OTCBB Market as the springboard for the rapid financing and the opportunity to upgrade to the main markets, improving the liquidity of the stock, the company's market value and seeking greater development in order to make Chinese SMEs big and strong.