The Financing Decisions And Project Of BY Company On The National Equities Exchange Quotations

With the constant deepening of reform in our country and the advance of economic structure transformation,high-tech technology enterprises gradually become the power of China's economic growth.In 2015 the state council put forward the slogan of "public entrepreneurship and peoples innovation",which indicates the Chinese government attaches the science and technology innovation.Though the policy to encourage a high and new technology enterprise of independent innovation,the initial high-tech enterprises still exist some problems,such as the limited financing channels of financing.Our country capital markets has initially built a multi-level capital market system since the early 1990.The national equities exchange quotations has become an important OTC market since 2013,which is committed to provide perfect capital market for innovative,entrepreneurial,growth of micro small and medium enterprises.Under the impetus of the national policy,the national equities exchange quotations has attracted many companies,and it has become the preferred financing platform for many small and medium-sized enterprise.The national equities exchange quotations has recognized by small and medium-sized enterprises,especially the high-tech enterprises of the initial time.Because of the limitation of their own development,there are many problems,such as incomplete corporate governance,nonstandard management.The small and mid-sized enterprise financing decision process on the he national equities exchange quotation is also the course of the business management standardization.Standardized corporate governance can enhance the risk resistance ability of the enterprise and the overall competitiveness.It also can gain the attention of investors,increase enterprise financing channels.If the high-tech enterprises in the initial time want to finance smoothly,they need to face up to various problems of the enterprise,solve these problems and specification,perfect the governance structure.The innovation of this paper is combined with real cases of BY company,from the perspective of financing decision,and analyze the company's financing condition and the financing ability comprehensively.After this analyzation the writer think financing on the national equities exchange quotations is the best choice for the BY company's.This article is divided into six parts:the first part is about the introduction,the research background,research significance,research contents,methods,research findings and the study of domestic and foreign scholars.The second part mainly introduces the multi-level capital market theory,points out the theoretical basis for the guiding significance of the construction of multi-level capital market in China;Introduces the theoretical basis of financing on the national equities exchange quotations and the financing conditions.The third part introduces the BY company's main business,main products,operating conditions,then lists the financing needs of BY company,lists the basis of SWOT analysis,has carried on the quantitative analysis of its financing ability and provides the basis for financing.According to a case study BY company for optional financing,the fourth part has carried on the comparative analysis,financing on the national equities exchange quotations is the best choice for BY the company.The fifth part summarize f BY company's financing process on the national equities exchange quotations,estimates the implementation cost,focus on the financial problems in specification,put forward the BY company's financing risk and countermeasure,puts forward concrete suggestions on follow-up financing of BY company.The sixth part coclude the research conclusion and the wishes of the national equities exchange quotations.Also this article puts forward the deficiency finally.