Design And Implementation Of GEM Financing Scheme For J Company

With the gradual improvement of China’s financial system,GEM as a financing platform for small and medium-sized technology-based enterprises,it is conducive to the development of scientific and technological innovation and the transformation of scientific and technological achievements in China.Although the requirements in terms of time of establishment,capital size,medium and long-term performance are lower than those of the main board market,However,due to the large risk,GEM listing has a higher demand for the comprehensive quality of small and medium-sized enterprises.GEM’s financing plan is an important strategic plan combining knowledge and capital.The real and effective GEM financing program and the planned implementation are the guarantee for the controllability of the risk of GEM financing for SMEs.his paper takes J Company as the research object,designs and implements the GEM financing program,solves the funding gap needed for the future development,raises funds to expand the production scale,so as to seize the flexibility opportunities brought by the future market expansion and prepare for the future market expansion.This paper uses literature research,theoretical research,comparative analysis and other research methods,based on information asymmetry theory,pecking order theory of financing,GEM issuance audit and other theories to summarize the existing literature,and provides a method and theoretical support for J company GEM financing program’ s design and implementation.At the same time,combined with the actual situation of J Company,this paper analyzes the business condition,main advantages and disadvantages,and analyzes the financing difficulties and financing demand which J Company is facing with.Furthermore,this paper analyzes the financial situation of J Company and the issuing conditions of GEM IPO,and the feasibility of GEM IPO of J Company.It judges the matching degree between the current situation of J Company and the conditions of GEM issuing,and draws conclusion of the feasibility of GEM issuing.On this basis,this paper puts forward specific financing plans for J Company,such as stock reform plan,project design,IPO issuing elements and so on.In the aspect of organization and implementation of financing,this paper discusses the operational methods in detail from the selection of intermediary,personnel organization and supporting implementation.The financing plan studied and implemented in this paper is designed by the requirements of GEM issuance audit,the company’s business and financial characteristics.This paper aim to help J Company to expand financing channels,improve the level of financing,and to build a specific plan for increasing production efficiency and enhancing their competitiveness at the strategic level.This paper can be also used as a reference for other similar SMEs facing financing and development bottlenecks.