Research On Equity Financing For SMEs In New Third Board

Small and medium-sized enterprises(SMEs)are the important components of China`s market.The financing difficulties have been the bottleneck that perplexes development of SMEs.With a more various and pluralistic economy,China`s SMEs have to confront new challenges.New third market as a basis of multi-level capital market structure market development in China is very fast in recent years,which refers to a new way to finance for SMEs.Therefore,how to improve enterprises' financing effect and solve enterprises` financing problem in new third board is the focus of this paper.In this paper,first of all for the new third Board market and the environment in which SMEs describes the background,use literature research method and summarizes some of the views of relevant experts and scholars.Secondly,the new third market financing effects described,and proposing new third market effects exist for SME financing issues.Proved as a basis of multi-level capital market structure market,the new third market can provide the new financing channel for SMEs which can develop better.Third,the case of“Zhishenglianfa”group,analyzed its financing in the new third market effects,further the new third market financing effects to be verified.Fourth,proposed new third market effects of financing strategies.Finally,to draw conclusions and outlook.