The Development Study Of SME The Private Bond Underwriting Business Of GF Securities Company

small and medium-sized enterprises in the share of China’s economic occupies no small proportion, make a positive contribution to solve the problem of employment, and social stability. Over the years, however, the financing difficulties have been troubled by the bottleneck of the development of SMEs.2012, this issue is expected to solve the SME private bonds issued in the pilot provinces, launched the SME private debt is a major innovation and reform of China’s securities market, to further enrich the structure of China’s bond market, but also improve the capital market in China system of a major breakthrough. Domestic distribution yet to be further improved, especially in the laws and regulations, can be based on less the SME private bond issues, in the context of the current economic slowdown, there are still a lot of resistance. GF Securities, for example, the development of small and medium enterprises in Gansu Province, private bond underwriting business. The text is divided into seven parts, and its main contents are as follows:The first, the second part is related theoretical content, the background and significance of this issue, as well as private securities Theory of laid the theoretical foundation for the subsequent conduct research.The third part is the research and development of the private debt status quo of domestic and foreign SMEs through business analysis of domestic and foreign countries, the present study the extent of the the SME private placement bonds, the business of our country just started to study the subject of SMEs in China the development of what role.The fourth part is the assessment of the development of the private bond business of small and medium enterprises in Gansu Province. The part of the main analysis from the following three aspects:the characteristics of the the SME private placement bonds, demand for private bond financing of small and medium enterprises in Gansu Province; private bond financing for SMEs face difficulties.The fifth part is focus of this article. This part is the most important.GF Securities, for example. The three aspects introduced the macro, meso, micro assessment. Assessment of the macro aspects of the environmental condition of the bond market, the SME private debt economic environment, small and medium enterprises, private debt legal environment; meso from Gansu Province, the size of the market in the securities industry to assess the private bond underwriting capacity of Gansu Province; The microscopic aspects specific departure from GF Securities to evaluate the possibility, condition, capacity, pricing and other issues. Part Ⅵ for GF Securities Company SMEs to private debt underwriting business development proposals, the part of the following two recommendations:macroeconomic policy advice and underwriting business proposals.Part Ⅶ Conclusion and Outlook.