A Research On The Capital Economic Circle’s Economic Differentiation And Industrial Structure Optimization

As important components of China’s market, small and medium-sized enterprises(SMEs) play crucial roles in the transformation of the current national economic structure. The financing difficulties have been the bottleneck that perplexes development of SMEs. In this paper, through the relevant financial indicators which were selected from 2006 to 2014 in national share transfer system, the present situation of financing of SMEs in national share transfer system was analyzed. Also, enterprise financing efficiency before and after the listing of the national share transfer system was compared. And the influence factors of the financing efficiency of SMEs in national share transfer system was discussed.Firstly, basic connotation and theoretical basis about financing efficiency of SMEs in national share transfer system was overviewed. On the one hand, the current research about financing efficiency of SMEs at home and abroad is described. On the other hand, the theoretical method of the present research on financing efficiency of SMEs is also introduced in this paper.Secondly, the financing situation of enterprises in national share transfer system is introduced from the number of SMEs enterprise, industry distribution, regional distribution, listed enterprise turnover, active degree, directed replenishment scale, the relative valuation, market liquidity etc. Thus this paper arrives at the conclusion that the national share transfer system is improved and upgraded constantly.Again, listing in the national share transfer system has a positive effect on financing efficiency of the SMEs the contrastive analysis.At last, the qualitative analysis of influencing factors about financing efficiency in SMEs in national share transfer system is described.The shortages and the national share transfer system are put forward and suggestions to promotion of small and medium enterprises’ financing efficiency are given,such as the improvement of transfer board system and the government support, the establishment of green turn board channel, innovation of SMEs’ loan, optimization of loan management as well as cultivation of small micro financial.