Research On The Financial Regulation Of The New Three Board Of W Company

Financing has always been an important factor restricting the development of small and medium-sized enterprises.For small and medium-sized enterprises,direct financing channels are risky and the threshold is high.Due to the limited their own assets,the enterprise is difficult to use the land or buildings to bank loans,at the same time as the economic development in China has gradually stepped into the stage of the new normal,market depression increased the risk of non-performing loans and bad debts,small and medium-sized enterprise financing environment further.Since 2014,The small and medium-sized enterprise stock transfer system(new three board),the number of listed companies has been explosive growth,and start to assume the responsibility of service for innovative,entrepreneurial and growth medium and small enterprises.A virtuous cycle of capital markets requires not only a sound institutional set-up,but also a development prospect and potential enterprises.However,the current situation of the quality of the listed enterprises is different,which greatly influences the investors' confidence in the new third board market and the willingness of potential investment value enterprises to be listed in the new third board.As the number of listed companies gradually expands,the review of the new three board listed companies is becoming more and more strict.Turn on August 3,2016 shares of the company's "host brokers kernel work guide" has been clear about the new three board listed companies financial accounting quality requirements in accordance with standard IPO listing,enterprise want to in the new three board listing is no longer so easy as it once was.At the same time,the small and medium-sized enterprises due to its own limitations,the exposed in the process of listed financial lack basic concept of the rectification of defects problem,so in view of the listed company financial norm problem study is very necessary.This paper takes the food manufacturing enterprise W as the case study object.First of all,the system reviews domestic and foreign related research on the otc market and the financial regulation of listed companies.Secondly,it summarizes the new third board market and summarizes the key and specific requirements of the regulatory agencies on the financial regulation of listed enterprises.Then,analyze the background and financial situation of the case company in detail.Including corporate governance,industry development,major financial indicators,current financial control environment and financial system construction,and the listed new third board of the rigid rules and the enterprise one by one to determine whether to meet the conditions.The analysis found that the case company had the following problems in the financial specification,including:(1)related transaction and capital occupation;(2)basic problems of accounting;(3)imperfect internal control system;(4)tax payment.Finally,according to the actual operation situation and financial situation of the case company,the corresponding solutions and Suggestions are put forward.It is hoped that the research content of this paper can provide some reference value for similar enterprises to realize successful listing,promote future continuous operation and raise financing capacity.