| Every stage of the development of small and medium-sized enterprises need the support of a lot of money, however the limited funds of small and medium-sized enterprise will seriously hinder the development of small and medium-sized enterprises. Risk investment as an "engine" of the machine, with its flexible and special mode of financing, provied the inexhaustible driving force for high-tech small and medium-sized enterprises, supporting small and medium-sized enterprises. In each stage of growth and expansion has played a vital role, effectively break the development of small and medium-sized enterprises financing difficult problem. Duing to the small and medium-sized enterprises in Hebei province with small scale, low management level, poor ability to resist risks, financing concepts such as reasons, lacking of money has become the bottleneck which restrict the development of the growth of small and medium-sized enterprises in Hebei province. The risk of investment in Hebei province have been more than 20 years of development, but the role of the industrialization of scientific and technological achievements in promoting small and medium-sized enterprises is still very weak. So the development of risk investment in Hebei province to promote the development of small and medium-sized enterprises in Hebei province has great significance in theory and in practice.The main content of this paper has three parts: the first part(chapter 3), at the macro level from hebei location advantages, the current economic environment, industry structure in Hebei province, Hebei science and technology innovation, capital market situation,the four aspects this paper expounds the current situation of development of small and medium-sized enterprises risk investment environment in Hebei province; The second part(chapter 4), using comparative analysis method to specific aspects of risk investment in Hebei province compared with national and typical area, find out the existence of risk investment and the gap in Hebei province, and then using the AHP analysis method, affecting the development of small and medium-sized enterprises risk investment of 16 major factors are qualitative quantitative analysis, to find six factors from the most critical paper analyzed; The third part(chapter 5), through system analysis of the above two chapters, targeted for venture capital to promote the development of small and medium-sized enterprises in Hebei province to provide constructive Suggestions.The conclusion of this paper: the problems of small and medium-sized enterprises in Hebei province existing in the venture investment: low risk investment scale an development level, single source of venture capital, poor talent and innovation environment, unreasonable organization mode, and the intermediary service level difference; Affect the development of small and medium-sized enterprises risk investment of the most key of six factors: legal guarantee, the second-board market, government policy, credit guarantee property rights trading market, tax policy; Risk investment is proposed for the Suggestions and countermeasures of small and medium-sized enterprises in Hebei province to promote role: First, actively guide small and medium-sized enterprise technology innovation; Second, broaden the financing channels of venture capital and profits of small and medium-sized enterprises, Third, perfect the venture capital exit way; Fourth, build system of good policy environment; Fifth, accelerate the development of intermediary service agencies; Sixth, strengthen the relevant personnel training.The innovation points of this paper: design the influence factors of venture capital to small and medium enterprises, and then build hierarchy structure model in which including the selection of 16 factors. Using mathematical method, all factors are relatively important degree of sorting, and finally found the key influence factors of risk investment in Hebei province, and the key factors are analyzed in brief review. |
