Research On Financing Problems For W Enterprises In New Third Board Market

Small and medium-sized enterprises hold a decisive role in economic market of the country.For recent years,the state published laws and regulations associated with capital market development,which does not only construct multiple hierarchical structure of economic market,but also accelerates its development.With characteristics such as low entering conditions,short cycle and low listing cost,new third market becomes an important mode for realizing linking between small and medium-sized enterprises and capital market as well as direct financing.Enhancing development strength to new third market,capitalizing small and medium-sized enterprises continuously and guaranteeing their capital demand are major measures for successful transition of new third market.In 2006,stock transfer system pilot was established in Beijing Zhongguancun.With decades of experience accumulation and continuous development,new third market has been improved even covers fields all over the country.Under complicated and changeable market financing background,this new type market economic mode provides new channel for small and medium-sized enterprises with financing difficulty.The paper takes financing of W company in new third market as study object after analyzing financing situations of small and medium-sized enterprises and concludes problems before financing,in financing and after financing these three stages in means of hierarchical study by summarizing financing reasons as well influence to new third market,and then puts forward corresponding solutions and measures;while study to financing problems of W company in new third market will not only help small and medium-sized enterprises actively confronting with similar circumstances meet,but also can offer references for smooth development of financing work in new third market.