Listed On The Model Of The Reform Of Small And Medium-sized Enterprises

This paper falls into four chapters.Chapter One presents a brief summary of the Small-Medium Enterprises(SMEs),The introduction elaborates on the nacessity and particularity on lending for SME, especially through capital market. Then it elaborates the content of reorganization of enterprises, the general requirement and restrict condition and control index of going public.In the second chapter, a more detailed discussion is made about many important issues, including the conditions for computing the enterprise's business achievements and sustainable operation, business disciplines, capital volumes and the proportion of the stock held by the public, the stockholder's means of payment. Also discussed are the issues of separating the human resource, capital ,business ,branch and facilities, the proportion of the intangible assets in the total capital, assets assessment, share deduction, and financial adjustment, the proportion of stock held by the large investor, restriction imposed on selling the stock, the managing structure of the corporate, the issues of the stockholding by the top management, taxes, and the disclosure of the connected deal. To correctly, reationally and legally handle above problems is the focal point in the process of going public. So the enterprises prepare to go public need deep research, to insure the development within the legal framework of nation and industry after becoming public companies.In Chapter Three, the content and the important operational instruction are discussed. The content covers a large extent, from reconstruction of the business, to the assets, equities, and organizational structure. The point here is to determine the restructuring of the assets before deciding the main business. In practice, attention should be paid in determining: which assets infuse or don't infuse into the corporate limited; which assets should be separate from the corporate to form a new company, and which assets should be changed into a branch or workshop which have no legal position, which sub-companies need merger, which need separation, which should be turned into a share holding one, which should be turned into a joint one, or sell it shares, which outsider should enter into the corporate. How to integrate the various assets by the way mentioned above is determined by how to accomplish the target of financing on the stock market. Every constraints of transaction should be taken into accounts because of the variables of each enterprise. That's to say, the practice of reorganization and going public of the enterprises rely on not only the concerned regulations, but the practical analysis on specific problem. It's the core issue. This part is the deep analysis of content of the second part.The fourth part is the models and analysis on SMEs' going public. It's the purpose and aim of this thesis. It mainly introduces the models and SME's going public and analyzes some concerned cases. So SME's going public has its part icularity. Through the discussion and analysis from the points of theory and practice for SMEs . this thesis can provide reference for those SME which wants to get developing quickly by entering capital market.