| Small and medium-sized enterprises of our country after a serious financial crisis, themselves become more fragile, development situation also become more serious. But the financial crisis has made many of our country small and medium-sized enterprise own existence flaw exposed, also exposed the lag of the capital market and legal policy system in China, also makes us clearly realize the serious influence our country small and medium-sized firms have been the main reason for the long-term development is the financing difficult problem, this problem still exists in the development of small and medium-sized enterprises.From the point of our country’s current fiscal policy, on the way of small and medium-sized enterprise financing exist:the issue of corporate bonds higher threshold, bank loans difficult, IPO public offering such serious problems as difficult. Policy in recent years, although the government successively promulgated a lot of thought to solve the financing difficulties of small and medium-sized enterprises, Banks and other financial institutions also unceasingly in the innovation and the search for financing based on the characteristics of small and medium-sized enterprise itself to new ideas and new pattern, but in our country the small and medium-sized enterprises increase in the number and distribution of different industries and not unified development stage, their different enterprises financing gap is larger and the present situation of the power and ability, allowing the ideas and practices of all can’t solve the problem of material. Small and medium-sized enterprises has received the serious threat to the survival and development and influence, now need urgently to solve small and medium-sized enterprise’s financing channel and the innovation of financing ways, etc.In recent years the development of China’s capital market is gradually, pouring into many overseas capital, and an innovative way of financing, financing and private equity funds, private equity makes many of the small and medium-sized enterprise has realized the high speed development in our country, and also received considerable returns, because many such cases of successful development makes the financing on the capital market of our country in recent years, with limitless scenery. However, private equity financing for small and medium-sized enterprises at present most is a brand new not familiar with the concept of higher threshold in the issue of corporate bonds, bank loans difficult in front of a public offering, IPO difficult problems, such as, introduction of private equity fund for small and medium-sized enterprises is an opportunity or challenge? Whether can solve the problem of different financing for small and medium enterprises? This way also can make the control of the small and medium-sized enterprises and private equity fund managers to share, will lead to the change of ownership and control of small and medium-sized enterprises, the development and management of enterprises in the future will be what effect? In this paper, through the analysis of the capital market, find existing problems, and proposes the countermeasure, finally combining with the case of the problem and countermeasures of S hotel chain for specific analysis. |
