Financing Of Guizhou SMEs Landing GEM

With the construction of multi-level capital market and continuous development and improvement, in 2009 China launched the GEM, GEM has become the new choice for SME financing. From the current situation, the country has already exceeded the GEM Listing hundreds of companies, but no one in Guizhou enterprises. Over the years, the financing channels for SMEs in Guizhou single, mainly relying on its own funds and bank loans in two ways. The face of its own limited financial resources and bank loans cumbersome procedures, the reality of a small line of credit, financing has become a problem restricting the development of SMEs in Guizhou. Above, to promote small and medium enterprises in Guizhou, especially with strong capability of independent innovation growth companies listed on GEM, both mitigation Guizhou effective way of financing small and medium enterprises, SMEs in the province of Guizhou is also expanding visibility and influence an important tool.In this paper, our launch of the GEM in the context of small and medium enterprises in Guizhou to study how to achieve the main goal of the GEM Listing will Guizhou SME financing combined with GEM. Through a series of analysis and research, made landfall in Guizhou SME GEM measures and suggestions. Thesis is divided into six parts. The first part is the introduction, this part of the research background, significance, focus, and innovation so difficult was introduced. The second part is an overview of GEM. This section first introduces the concept of GEM, background, development history, status quo, the world's major basic information GEM, characteristics and history of the Growth Enterprise Market, profile and so on. The third part is the status of small and medium enterprises in Guizhou Province. The part of the basic situation of small and medium enterprises in Guizhou Province and its financing situation. The fourth, the fifth part is the core of this article. Among them, the fourth part is the positive part. The first part of the GEM by selecting the 28 companies listed on the financing situation and some of the major financial indicators for empirical analysis, obtained financing of more efficient GEM conclusions for small and medium enterprises in Guizhou province provides a reference listing. The fifth part, first, to find out the advantages of small and medium enterprises in Guizhou Province and characteristics of SMEs in Guizhou Province feasibility of GEM. Then, with the actual Guizhou, two levels from the small and medium enterprises and the government proposed listing on the GEM of Guizhou SME measures and suggestions. SME level, to attract venture capital to accelerate the development of enterprises;to increase R&D investment,enhancing technological innovation; improve the corporate governance structure, building a modern enterprise system; advantages expertise, highlight the main business; establish an incentive mechanism, the formation of corporate culture; to increase brand awareness, promote the brand strategy. Government level, to establish a "reserve of Guizhou Province GEM Enterprise Library" to strengthen public resources, mining and training; to establish a "listed on the GEM group of expert advisers in Guizhou Province", training and consulting work to do IPO; formation of a "service platform for small and medium enterprises in Guizhou "to promote SME service system; the development of the venture capital market, the introduction of strategic investment institutions; speed up the system, and optimize enterprise external environment for development. Part VI is the conclusion and inadequate. Earlier studies on the summary of the situation, and analyzes the thesis limitations and shortcomings.The main point:the financing channels for SMEs in particular, relatively small, located in the "Undeveloped, less Development" small and medium enterprises in Guizhou Province, the Growth Enterprise Market of great significance. The face of the GEM market opportunity, the Government, SMEs themselves need to be based on actual market conditions, according to the GEM and operation of law, in full knowledge of their own based on the strengths and weaknesses, identify the direction, clear goals, Focus, step by step promote small and medium enterprises listed on the GEM. Government, should be targeted policies and measures drawn up and do estate planning, focusing on supporting the development of industrial policies that have the potential of SMEs, in particular, chemical, pharmaceutical, wine, energy, manufacturing companies and other advantages High-tech enterprises, the development of small and medium enterprises in Guizhou Province to create a favorable external environment. SMEs themselves should follow the modern enterprise and the conditions for GEM listed companies focus on improving independent innovation capability and core competitiveness, and lay a solid foundation in the GEM.The main contribution of this paper has the following two aspects:First, there is no one in the landing Guizhou enterprises in the context of the GEM, the paper how SMEs can visit Guizhou GEM market financing for the research object, Guizhou SME financing and the GEM Listing Financing combined comparison system. Before that, research in this area and the relative lack of research data. Second, for small and medium enterprises in Guizhou Province actual, two levels from the small and medium enterprises and the government were listed on GEM proposed specific action recommendations, has some real value and practical significance.