Analysis On The Financing Situation Of Small And Medium Sized Enterprises In The NEEQ

After entering in twenty-first century,with the improvement of the national economy and the strengthening of the reform,small and medium-sized enterprises have ushered in an unprecedented development.At the same time,the financing problem has gradually surfaced,put forward higher requirements to the development of new economic environment of small and medium-sized enterprises,which has become the academic and practical circles to focus.At the same time,the rapid development of the new normal economy,the new three board market has become a new way of financing for people to accept.As an organic part of the capital market,the new three board market plays an irreplaceable role in solving the problem of financing difficulties.In 2006 the share transfer system set up in Beijing Zhongguancun so far,three new board market has experienced more than 10 years of development and exploration,has expansion to the country,which shows that the new third market in the development of China's capital market ushered in a new milepost.This innovative move has won the world's attention and appreciation,in today's increasingly competitive economic environment,thriving new three board market for financing difficulties of enterprises to improve the financing effect.This paper first refers to a large number of domestic and foreign research literature,discusses the financing difficulties of small and medium enterprises and points out that the new three board as a new OTC market is the key way to solve the financing difficulties of smes.Then,through in-depth analysis of the case since the establishment of the company after the listing of shareholder changes,directed replenishment ability,profitability,solvency and growth capacity and quantitative index for the case company to strengthen corporate governance,improve internal control,attract talent and other non quantitative indicators on the small and medium-sized enterprises in the three new board listed after the financing effect.Due to the three new board set up a short time,is still faced with many difficulties and challenges,puts forward some suggestions on how to improve the financing of three new board listed company,for example,the active use of the market maker system,strengthening internal control,strengthen information disclosure,promote the new third market hierarchical construction and smooth transfer mechanism,strengthen the supervision system of lifelong hosting broker.This will determine the future of China's capital market is a national SME share transfer system established,the new board will be with the gem,small board and motherboard are connected with each other,combine together has become an important part of our multi-level capital market system.