Research On The Equity Financing Of Small And Medium Sized Enterprises

Small and medium-sized enterprises are the most active part of our economy,which play an important role in promoting employment,prospering the market,maintaining social stability and promoting technological innovation.It is the key to solve the employment of Chinese residents,promote the adjustment of industrial structure and promote the sustainable development of economy.However,as a “disadvantaged group” for a long time,SMEs in China have had difficulties in financing and inadequate policy support.As a result,the company's scale is small,product quality and technology content are not high,market competitiveness is weak,and risk resistance is not strong.Inadequacies and other shortcomings,which in turn exacerbates the financing difficulties of SMEs,making them face further constraining their rapid development.In recent years,with the development of information technology and the deep integration of the Internet and financial industries,China's financial innovation has experienced rapid development and new forms of business have emerged.Since the introduction of the Equity Crowdfunding Model in 2011,in particular,the establishment of an equity crowdfunding financing platform represented by the Jingdong Dongjia,has broken down geographical restrictions,reduced financing costs,and more efficiently integrated online and offline diversified investment and financing.Demand shows the feasibility and superiority of technology.However,because Internet shareholding crowdfunding is still a new field in the world,its actual effect and influence have not been fully proved,in addition,its entry threshold is relatively low,supervision is relatively small,under the existing situation and system of our country,There are still some problems in its implementation,such as imperfect laws and regulations,low level of cognition,difficult pricing of project valuation,asymmetric information of all parties involved,difficulty of building trust,and long withdrawal period,etc.At the same time,they also have to face the concerns of investors about fraud and liquidity.As a result,the development of Internet crowdfunding has been groping ahead in the thorns.Based on this,this paper tries to analyze the problems encountered in its development,explore its future development path,further play its advantages and avoid its disadvantages.At the same time,with the rapid development of China's economy,the majority of residents have more urgent financial needs,hoping to share the dividends of China's economic growth through direct equity investment.The research on the path of Internet stock crowdfunding will also help to broaden the investment channels of the vast number of investors.Full text compartmentalization Chapter 6,Chapter 1 is introduction,mainly reviews the research progress in this field and forms the research framework of this paper;Chapter 2 mainly combs the current situation and forming background of the financing difficulty of the small and medium-sized enterprises in our country,analyzing the feasibility and superiority of the Internet stock rights crowdfunding in technology,and the necessity and advantage of the medium and small enterprises to use this mode for financing;Chapter 3 analyzes the main problems and causes of the small and medium-sized enterprises in our country using Internet stock rights crowdfunding.Chapter 4 selects the representative cases of Thor Science and Technology and right brain to study emphatically,in order to obtain the experience from them.Chapter 5,in view of the difficulties of Internet stock rights crowdfunding,starting from the aspects of laws and regulations,credit system,investment mechanism,exit mechanism,intellectual property protection and moral hazard,the paper puts forward countermeasures and suggestions,and explores its future development path.Hope to help solve the Internet equity financing difficulties encountered in the financing of small and medium-sized enterprises to ease the financing problem;in Chapter 6,the full text is summarized,conclusions and prospects are put forward.This paper uses the methods of literature research,comparative analysis,theoretical analysis and case analysis,case data from related industry reports,expert works,literature and network resources.Through the research of this article,it would be helpful to the construction of the Internet laws and regulations,social credit system,operating mechanism,platform supervision,enterprise innovation,and investor education system involved in equity crowdfunding,in order to solve the financing difficulties of the majority of SMEs in China.The narrow channels of residential investment provide new ways.However,due to the fact that crowdfunding of Internet equity is a relatively new field,there are few cases that can be used for reference and reference,in addition to the limited time,energy and theoretical level of the author,there are still shortcomings and limitations in the research process.Will ask your teachers to correct the time,give advice.