The Research Of Being List Of National Equitites Exchange And Quotations For Small And Medium Enterprises

Small and medium enterprises are taking a dominant part of China·seconomy, making great contribution to employment and technologicaladvancement. In the growth stage, small and medium enterprises will facemany obstacles. The biggest problem is fund shortage. In China, bank loansare the largest part of the financing structure. It is hard for small and mediumenterprises to get bank loans, because small and medium enterprises arerelative small in scale, and lack of collaterals. Thus the development of smalland medium enterprises is severely restricted by the funding problem.During transformation of China·s economy, the contribution of small andmedium enterprises is clear. The government has put forward a lot of policiesto help small and medium enterprises, hoping to relieve the funding problem.In the capital market, a lot instruments such as small and medium-sizedenterprise set bond, small and medium-sized enterprise set note, privately raised company bonds. But the result is far from satisfaction. Under theexpansion of National Equities Exchange and Quotations· and theamendment of relative regulations, the situation will change. Since NEEQ is amore suitable way for small and medium enterprises to get funding, besides,the corporate governance will be improved. Also, the company can exercisestock-based incentive. The acceleration of NEEQ will be a mile stone ofChina·s capital market.NEEQ is a breakthrough of China·s capital market. The significance oflist of NEEQ for small and medium enterprises will be analyzed from apractitioner·s perspective. In the end, proposes will be made on three aspects:improve market making system, make transfer-plate-mechanism clear, andprovide tax incentive for listed small and medium enterprises.