Planing Design For The Small And Medium-sized Enterprise Set Bond Of Changsha High-tech Zone

Small and medium-sized enterprises in our country have been developing rapidlyin recent years, but the high threshold of the traditional financing channels made fundraising difficult to them. Small and medium-sized enterprise set bond lowers thethreshold of enterprise bond issuance and costs by collective bond issuance instead ofissuance alone, which can solve the problem of fund shortage of small andmedium-sized enterprises in a certain extent.This paper firstly describes systematically the background and significance ofsmall and medium-sized enterprises set bond in the Hi-tech zone of Changsha. Thenwe expounds the definition and characteristics of small and medium-sized enterpriseset bond, and carries on a summary and the analysis of relevant theoretical basis forsmall and medium-sized enterprise financing, financing mechanism, the theory ofcredit enhancement, and so on; And then we demonstrates the principle of small andmedium-sized enterprise set bond, and confirms the feasibility of small andmedium-sized enterprise set bond in Changsha high-tech zone by market demands,policy supports and competitive advantages; Finally by analyzing three typical modelsof the domestic and foreign small and medium-sized enterprise set bond issuance, weput forward the optional mode for small and medium-sized enterprise set bondissuance in Changsha high-tech zone, and make specific design for it from four majoraspects:the main body structure of participation, main business processes, bond termsand risks control system.This paper aims at solving small and medium-sized enterprise financingdifficulty through scheme design for small and medium-sized enterprise set bondissuance in Changsha high-tech zone, and promoting growth of the park overallstrength, and forming a demonstration effect throughout the province, finally forminga positive impact to the healthy development of econom y in our province.