Research On The Financing Decision Of SY Technology Company

Since the establishment of the OTC market in 1990 s,the capital market has been developed for nearly thirty years,and the multi-level capital market system,including the field and the OTC market,has been built.The new three board market has become an important OTC market since its expansion in 2013.The new third board is committed to providing a perfect capital market for innovative,entrepreneurial and growing small and medium micro enterprises.Under the impetus of the national policy,it attracts many enterprises to listed on the new three boards,and has become the first choice of financing platform for many small and medium-sized enterprises.The innovation point of this paper is based on the actual case of SY company's new three board listing,from the angle of financing decision,the financing decision of SY company is studied,the financing conditions and financing ability of SY company are systematically analyzed,the optional financing way of SY company is compared and analyzed,and the implementation process of the new three board financing of SY company is planned.This article is divided into six parts: the first part of the introduction,the research background,research significance,research content,methods,domestic and foreign scholars' research results and present situation are introduced.The second part mainly introduces the trading system and financing way of new three boards,and introduces the theoretical foundation of new three board financing.The third part goes into the case analysis.First,it introduces the main business,main products and operating conditions of SY company.Secondly,it expounds the financing demand of SY company,which provides the basis for the choice of financing scheme for SY company.The fourth part analyzes the financing condition and financing ability of the company,compares the advantages and disadvantages of the company,and lays the foundation for financing choice below.The fifth part,based on the case analysis of SY company,compares and analyzes the alternative financing programs,and concludes that the new three board financing is the best choice for SY company.In the sixth part,the sixth part of the new three board financing implementation process is summarized,the implementation cost is calculated,the financial problems in the new three board listing are standardized,the income of the new three board financing of SY company is heard,and the new three board financing risks and Countermeasures of the SY company are put forward.The seventh part describes the conclusions of the research and the outlook for the new three board market,and puts forward the shortcomings of this paper.The new three board financing function has been recognized by small and medium enterprises,especially the new high-tech enterprises in the initial period.However,due to the limitations of their own development,the new high-tech enterprises in the initial period have problems of imperfect corporate governance and non standard management.From the standpoint,the process of the new three board financial decision-making process is also a standardized process.The standardized enterprise governance can not only improve the enterprise's anti risk ability and overall competitiveness,but also get the attention of the investors,and play a basic role in the smooth realization of the financing.Therefore,the new and high tech enterprises in the initial period need to face all the problems existing in the enterprises,solve these problems,improve the governance structure and standardize the governance system.In order to achieve the smooth financing of the new three boards.