Researching The Financing Mode Of X Technology Co.,Ltd

At present,China is at a critical stage of deepening economic reform.According to national statistics,by the end of 2018,the number of SMEs in China had exceeded30 million and the number of individual businesses had exceeded 70 million,contributing more than 50% of the country’s tax revenue,more than 60% of its GDP,more than 70% of its technological innovation achievements and more than 80% of its labor force employment.By December 2018,the number of enterprises that have entered into the National Technology-Based SMEs Information Database has exceeded130,000.In more than 150 national high-tech zones,there are more than 4,000 enterprise incubators,providing various enterprise services for more than 300,000Technology-Based SMEs.In 2018,more than 2 million people were employed by Technology-Based SMEs in China,Technology-Based SMEs are increasingly becoming important socio-economic engines.At present,China’s science&technology and social economy promote each other’s development.The improvement of social economy comes from the steady development of various industries,while the progress and development of industries are closely related to the upgrading of science and technology.Therefore,the development of Technology-Based SMEs is closely related to the social and economic development.The core problem that affects the development of Technology-Based SMEs is whether the enterprises have sufficient funds for development.This paper summarizes the research of domestic and foreign experts on enterprise financing in the history,and summarizes the current financing situation of Technology-Based SMEs in China according to the information obtained from various channels,and then analyzes various problems existing in financing from both internal and external aspects.Technology-Based SMEs are characterized by high start-up capital,insufficient market capacity,low level of management standardization,high level of technological innovation,lack of team structure and weak marketing ability.These characteristics for investment institutions,there are difficult judgment,high investment cost,difficult process control and long exit time,etc.At the same time,China’s financial system for SMEs services has not been completed,laws and regulations are not perfect,and existing laws and regulations are not enforceable enough.Specific implementation of the relevant government departments,their internal supervision and regulation rules are not clear,responsibility implementation is not clear,government policies are difficult to be effectively implemented.Therefore,the financing of Technology-Based SMEs is currently facing problems such as insufficient internal self-financing,difficulty in obtaining credit support and narrow equity financing channels.The above various status quo is the main reason for the financing difficulties of Technology-Based SMEs.According to the industry and social resources engaged in,the author chose a typical Technology-Based SME—X Science and Technology Co.,Ltd.as the research case.By analyzing the financing and development process of X Technology Co.,Ltd.and combining with the enterprise financing theory,the financing mode used in the financing is summarized.Based on the comprehensive in-depth research on this financing mode,the Phased Financing Mode is finally proposed.In view of this kind of enterprise financing mode,this paper also gives the corresponding specific application methods and suggestions,so that the Technology-Based SMEs can learn from and smoothly apply.The research on financing difficulties of Technology-Based SMEs will continue,and different solutions will be proposed constantly.The research in this paper will help to solve the financing difficulties of Technology-Based SMEs in China to a certain extent,and make contributions to the sustainable and healthy development of Technology-Based SMEs in China.