Try To Talk About Equity And The Raise Of The Influence Of The Small And Medium-sized Enterprise Financing

When a state council executive meeting of the first proposed to carry out the equity,when the pilot suggests the concept of the tens of thousands of small and medium-sized enterprises in our country is still in for private enterprises because of the grassroots identities are kept out of the traditional financial institutions, the optimistic attitude of the government to raise the stakes in the participant is a great encouragement.Due to China's traditional financial system of the low efficiency, high threshold "stubborn" leave a place for the development of the Internet financial.Pratt &whitney financial rise of the Internet financial related, to the whole society all levels, including low net group to provide financial services, especially for small and medium-sized enterprise financing innovation,for the financial resources to have a benign flow demand of the market.In this paper, starting from the problem analysis of traditional small and medium-sized enterprise financing difficulties, according to the time series of teasing out the classical theory of capital structure to the concept of the Internet financial and linked three theory that destructive innovation, pratt &whitney financial theory and financial disintermediation theory in practice.Using literature data, summarizes, in combination with discussing the real stake in the raised platform;Analysis and comparison of representative of the platform, from operations to product characteristics, from the business orientation to the investment rules, find the similarities and differences among outstanding raised platform, it is concluded that China's current stake in the main problem of the raised platform.Mainly from the legal risk, "led + with" mode, the risk of financing difficulties of small and medium-sized enterprises, and other aspects.We believe that equity and the raise is due to factors such as transaction cost, information asymmetry, is to use the way of the Internet on traditional financial deepening reform.However, the core of the financial and financial risk of the two did not change, only in a certain environment tofind the combination of time and space for resources.Raise the stakes in the form is based on Internet technology, on the one hand, reduce the investor's barriers to entry, but on the other hand on the legal level set up barriers to entry of qualified investors.This illustrates the raise shares at the same time has, the popularity of the Internet financial and risk from all private equity to raise to the right of public offering to raise the pratt &whitney financial path.