The Second Board Market Support For Sme Financing

The high tech small and medium-sized enterprise is playing more and more important roll in Chinese economic development, but the science and technology small and medium-sized enterprise development barrier -financing question has not been thorough solved. This article mainly elaborated the venture capital - the Second Board Market financing mentality, the process is as follows: The science and technology small and medium-sized enterprise initial period (risk financing) - the intermediate stage (risk financing, other financing unifies) - the later period (to go on the market financing, risk financing withdrawal), when develops to the certain scale, go to motherboard market for financial. The venture capital and the Second Board Market are still at the initial stage in our country , therefore, research in his article has the important practical significance. This article altogether divides into eight parts.The first part is an introduction. It mainly states this article's research significance, writing method and paper structure.The Second part is the outline of science and technology small and medium-sized enterprise. Through state the contribution of science and technology small and medium-sized enterprise to our country and even to the world, thus expresses that it is worth studying, and we should pay much attention to this special community.The third part is the analysis of science and technology small and medium-sized enterprise financing. As stated above, the science and technology small and medium-sized enterprise display a vital role, but actually it has the financing bottleneck, which has seriously hindered its smooth growth. This part gives a thorough analysis about its existence financing barrier.The fourth part mainly carries on a discussion to the venture capital. The author thought as a special financing way, the venture capital has provided the outlet to solve science and technology small and medium-sized enterprise financing question. But at the present, venture industry development walks with difficulties, the main reason is that the venture capital withdrawal channel has been restricted, thus it is very significant to propose the construction of "the Second Board Market". The fifth part introduces the Second Board Market, and has analyzed "the Second Board Market" specifically, the venture capital and the science and technology small and medium-sized enterprise financing relations.The sixth part introduces our country specifically "two boards markets" -the small andmedium-sized enterprise board construction situation.The seventh part then has analyzed some questions which our country's small and medium-sized enterprise board exists now, and then puts forward the correlation proposal.The eighth part launches the analysis which centers on the science and technology small and medium-sized enterprise, emphasis that if the Second Board Market, the venture capital and the science and technology small and medium-sized enterprise financing cooperation want to achieve best effect, the construction of science and technology small and medium-sized enterprise own is quite important.