| Gem has been the focus of social concern, the establishment of gem for enterprise development to provide the financing channels, especially for small and medium-sized enterprises, especially high-tech enterprises development to create a good environment, greatly improve the China Science and technology innovation and R & D capability, gem is larger and larger, until now have nearly 500 enterprises successfully landed on the gem, but the gem in the growth process also appeared some problems. Gem IPO Financing over equity phenomenon is very common, these huge amounts of money into the listed companies, and too much capital to listed companies have more investment options, the efficiency in the use of the funds raised to the inefficiency of the funds rate use damage the investors’ interests, will reduce the capital allocation efficiency of the capital market, in China there are many highquality companies wait listed, perhaps these companies get the funds to improve efficiency in the use of funds. So the GEM Listing Corporation added efficiency of fund-raising is discussed, hoping to enhance the core competitiveness and profitability of enterprises, protect the interests of investors, optimize the capital market allocation of resources.The based on the previous research, in China’s gem generally raised over the background, combined with the Shenzhen Stock Exchange and the securities and Futures Commission will be the introduction of the relevant provisions. This paper on China’s GEM market conditions and different sectors of the total fund-raising fundraising situation were introduced, and then introduces the basic situation of the case, the industry situation, motivation and the use of funds raised, the main part of the article from several efficiency of enterprise development ability, profitability and new fund-raising, through a comparative study with competitors and industry value Inovance technology company as a whole of efficiency in the use of funds raised, finally compared with the case study, the efficient use of Inovance technology to raise funds for the reasons behind it, aiming at some problems existing in the use of funds raised over the proposed measures and suggestions for improvement related. |