Study On Financing Countermeasure Of Tianjin Science And Technology Small And Medium-sized Enterprise

21st century is the era of innovative economy,all countries and regions are getting more and more attention to the tech-oriented small and medium-sized enterprises on the economic contribution.However,tech-oriented small and medium-sized enterprises are of light assets,high risk,high growth and high yield which make financing of tech-oriented small and mid-sized enterprises harder than general small and medium-sized enterprises and make industrialization of new and high technology more difficult.Financing problem has become the biggest obstacle restricting the smooth development of tech-oriented small and medium-sized enterprises;financing problem also affect the adjustment of national economic structure transformation and the achievement of the goal of national science and technology innovation strategy.In 2006,the State Council approved the Tianjin Binhai New Area as a national comprehensive reform pilot area,with the support of the policy as a growing soil,Tianjin has been promoting the rapid development of tech-oriented small and medium-sized enterprises through financial innovation.From 2010 till the end of 2015,tech-oriented small and medium-sized enterprises in Tianjin developed vigorously with continuous increasing of the scale of enterprises,which shows the leading role of "Little Giant" in extent of science and technology and promotes the social and economic development effectively,as well as employment.My research is based in Tianjin,firstly,I summarize and analyze the financing theories concerning enterprises through combining theories and practices,while making separate research on tech-oriented small and medium-sized enterprises with a large number of materials and data so as to analyze the current situation of tech-oriented small and medium-sized enterprises and their financing mode and factors which influent the financing of tech-oriented small and medium-sized enterprises.Through comparison of the financing mode between tech-oriented small and medium-sized enterprises in United States and that of Japan,I summarize the reference significance to domestic tech-oriented small and medium-sized enterprises.Take JM company,the public company,as the case for study,my paper focuses on analyzing its listing process and how JM company finances in the financing market in order to realize the industrialization of its innovations.Finally,I propose measures and suggestions concerning the financing problem that Tianjin tech-oriented small and medium-sized enterprises are facing,in terms of strengthening the construction of tech-oriented small and medium-sized enterprise,establishing and improving the evaluation and assessment mechanism,enhancing the development of financial markets regarding tech-oriented small and medium-sized enterprise and promoting the development of incubators.