New Three Board Financing Efficiency Analysis

The economic development of the current our country enters the new normal,the economic transformation period,the economic structure to be adjusted.Global pattern of manufacturing industry is facing a major adjustment,resource and environmental constraints,unceasingly strengthens,rising cost of labor and other production factors investment and export growth slowed markedly,which rely on the investment of resources,scale expansion of extensive development pattern.Form economic growth momentum,and portray the new image of the international competition,with a focus on the development of large enterprises at the same time,also want to encourage,support and guide,the growth of small and medium-sized enterprises,now has become a strategic task of our country.New three board as a service to the small and medium-sized enterprises,the capital market to build the multi-level capital market in our country,small and medium-sized enterprises play a potential energy,is of great significance.Small and medium-sized enterprises in the development process of a looming problem is financing problems,founded the new three board market also has more than 10 years,beginning in 2014 entered the stage of rapid development,the new three board market for small and medium-sized enterprise financing efficiency on how big a role to play,the existence question,the new three board market and the main body in the future how to improve the financing efficiency has become a topic of concern.Current domestic scholars for the construction of the multi-level capital market in our country,the research of the development of the new three board market is relatively small,especially the new three board for solving the relevant expositions of small and medium-sized enterprise financing effect is not enough system,this paper studies the related theory of financing for small and medium-sized enterprises,after combing the research achievements of previous scholars,this paper firstly defined to new three board,financing efficiency,and then starting from the overall research new three board enterprise financing efficiency,the study found that the new three board enterprise overall financing efficiency improved,but due to the limitation of the problem of insufficient liquidity,there is still a large room to improve,and points out the problems existing in the concrete,concentrated in the form of case analysis after a new three board texture excellent anda listed firm,the problem of the financing efficiency of science and technology,starting from the overall financing conditions,study its timeliness of financing,financing cost and financing risk,the study results show that anda technology overall financing efficiency is higher,but also has the problem of financing structure is unreasonable,anda technology,for example for small and medium-sized enterprises listed on the new three board how to put forward some specific advice,and external environment of the participants put forward the Suggestions to improve the new three board.