| At present,small and medium-sized enterprises(SMEs)provide more than 50% of the tax revenue and GDP,and more than 80% of the labor force employment for our country,which fully reflects the importance of SMEs to improve our financial,investment,employment,expected stability and the long-term competitiveness of our economy.However,China’s financial market is an indirect financial system dominated by banks.Most of the social funds are allocated by banks.Most of these funds serve large and medium-sized state-owned enterprises.Most small and medium-sized enterprises have no chance to accept the help of these funds to expand their business.And as China has gradually entered a new normal economic situation,the financing of small and medium-sized enterprises in China is becoming more and more difficult with the increase of non-performing loans in financial markets and bad loans in banks,which has become a problem that Premier of the State Council will mention in his work report for 30 years.The Decisions on relevant issues concerning the share transfer system for small and medium-sized enterprises was issued at the end of 2013,which also marked the nationwide popularization of the new third board market.By the end of 2018,the number of listed companies on the new third board has grown to 10,691,with a market value of nearly 4 trillion yuan.The new third board provides new channels for financing and development of small and medium-sized enterprises.With those who can,however,in the mainboard or of the gem listing shares,compared to large companies founded soon after these,uncertainty of the larger small and medium-sized enterprises in the present may not have the very strong profitability,whether it is a management system,personnel quality,internal control mechanism,or other aspects of the company governance is limited by its own size,not high,especially financial specification,if there is no reasonable financial management,small and medium-sized enterprises will inevitably encountered in the prior to application for listing and the future development.According to the new third board listing application of enterprises,more than 70% of the work should be implemented in the rectification of financial problems,the realization of the standardization of enterprise finance,is the primary task for enterprises to be listed on the new third board.Combined with the relevant information I learned during my internship in XX company,applying for listing on the new third board,this paper first studied the development process,listing conditions and financial norms of the new third board by using the case analysis method.Then,the general situation of the development of XX company,target company listing qualifications,listing process and financial position are analyzed in detail,including financial aspects mainly studied the existing financial system,the related regulations,and the main financial indicators,reveals the running state of finance,the current company to reveal its financial problems behind the groundwork.After the above analysis,we found the following major financial problems in the listing process of XX company :(1)excessive connected transactions;(2)accounting subject setting is not unified;(3)irregular tax payment;(4)incoherent handover of financial work caused by rapid staff turnover.Then,this paper analyzes the measures taken by XX company in the face of these financial problems and the effect of the implementation of the measures.Finally,the countermeasures to solve the relevant financial norms are summarized and improved.Through the study of listing cases,this paper tries to provide references for more listed companies in the future,and at the same time,it hopes to promote the construction of enterprise financial norms and the norms of the new third board market. |
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