Recearch On The Financing Problem Of Small And Medium Internet Enterprises In The New-third Board

The Internet has deep aspects of our lives,the Internet companies involved in the field is up to "get in by every opening".Since 2012,the concept of "Internet plus" was put forward for the development of the Internet business in China is more and more attention.With the share transfer system in China in 2014 new-third board market in the small and medium-sized enterprises officially launched the new three board market regulation also formally incorporated into the regulatory system of the Commission,which is from the foreign market experience,in order to establish a more perfect trading system.The Internet for small and medium enterprises,how to effectively use a variety of financing channels and the priority among priorities to obtain the appropriate enterprise current business needs and relatively low-cost source of funds has become the enterprise survival.Due to the asset light characteristics of Internet companies,small and medium enterprises is the Internet showed the vast majority of negative cash flow situation,so in principle only by way of equity financing,and new-third board market is a very good choice.After the successful landing of small and medium Internet companies in the new three board market can be achieved through a variety of channels to develop,operate the necessary capital,ease the financing difficulties of enterprises,financing problems.And through the new third board market to further promote the enterprise internal governance structure,improve corporate reputation and brand awareness,and laid a good foundation for the day after the transfer of listing.Although the listing of the new three board market for small and medium sized Internet companies in the information disclosure and the flow of talent will have a negative impact,but in general for small and medium enterprises are more advantages than disadvantages.For the long-term development of small and medium sized Internet companies,landing new-third board is an effective measure to break through the bottleneck of enterprise development.This paper start from the enterprise life cycle theory,analysis of small and medium enterprises in the life cycle stage of the Internet and its characteristics,the financing difficulties of small and medium sized Internet enterprise demonstration situation;through the statistics on the development of the new third market,analysis of small and medium-sized Internet companies listed new-third board has advantages and disadvantages;learn from the successful experience of the foreign mature OTC market and put forward some advice for China's new board development;through case study analysis of small and medium enterprises to the Internet targeted capital equity financing pledge financing and transfer mechanism in the new third market;given the new third market in China at present the problems of some improvement suggestions.Through the research on small and medium sized enterprises financing difficulties of Internet problems,which leads to the topic of the new third market,set up a research framework,combining theory and practice,analysis of small and medium-sized enterprise financing efficiency in the Internet on the market new-third board and give reference to foreign mature OTC market experience,a comprehensive and systematic exploration of the new board as a national OTC market is the effective way of financing of small and medium enterprises to obtain financing is indispensable to the internet.Only in the new board system has small and medium-sized Internet companies each good cooperation and mutual promotion,small and medium sized enterprises in the Internet on the market new-third board will obtain financing difficulties smoothly done or easily solved more and better,and more convenient financing channels,and effective use in their own business operations.