An Analysis Report About The Case Which Tian Xing Capital Listed On The NEEQ Failure

China's capital market from 20 centuries 90 years now has formed a relatively complete multi-level capital market,National Equities Exchange and Quotations(NEEQ)as an important part of Chinese multi-level capital market,which is committed to supporting small and medium enterprises,in particular innovative start-up enterprises development.The State Council issued? " Thirteen-Five " in the national program for scientific and technological innovation?,explicitly mentions the need to " support innovative start-ups access to capital markets,improve the mechanism of merger and reorganization of enterprises,encourage the development of various forms of financing ",which greatly promote the fast development of NEEQ market,the number of listing in 2015 surged.JD Capital ban has become the country's first successful listing in April 23,2014,and backdoor Zhongjiang real estate registered A shares in 2015,in this context,Golden mode-induced PE institutions listed in NEEQ as a wave,Tianxing Capital is a PE institutions who focused on the new Blackboard market also among them,but at the very last moment of listed SFC halted PE institutions listed,which led to a series of PE institutions reflections on the tone of the new ban.PE institutions listed NEEQ whether to disturb the market positioning,Related to the normal operation of the problem,and PE institutions listed information disclosure and other issues has aroused widespread concern.ianxing Capital for defeat this both has the tragedy color and typical case as the analysis object,through research Tianxing Capital whole of public information,and visited asked related personnel,and qualitative analysis?quantitative analysis wrote this paper,This paper focuses on the relationship between Tianxing Capital itself and the whole capital market to analyze this case,based on the large market environment of listing the new three board chaos,not only from the process of Tianxing Capital itself Normative issues to be analyzed and more consider the long-term development of enterprises and the current financial regulatory environment,the spirit of the degree of fit to the enterprise to this type of enterprise in the normative existence of the ills,hoping to PE institutions listed in the process of common The problem is extracted,including the grasp of the spirit of supervision,improve corporate governance and appropriate information disclosure and other relevant suggestions to bring about similar PE institutions and the listed parties to participate in certain reference for the healthy development of China's PE institutions,steady Capital market to provide some theoretical support.This report will be divided into five parts: the first part,the background and significance of this case study and relevant theoretical foundation;The second part,for PE institutions listed on the new generalization of the three board;The third part,the case subject systematic introduction;The fourth part,case analysis put forward the problems existing in the listing process,put forward specific countermeasures and Suggestions;The fifth part,summarized the similar PE agency problems and put forward to its development and specific policy recommendations.