A Study On Financing Of The New Three Board For A High-tech Small And Medium Enterprises

The High-tech SMEs is an important power in the current development of our country dominated by knowledge economy,which has a very important position in the process of our country’s economic development.The High-tech SMEs exist by birth three characteristics of the high risk,high income and high growth,the characteristics seriously restricted the steps of their financing,thus affecting the rapid development of the enterprises.Through the study,listingon the New Three board is a good way to solve the shortage of funds for the High-tech SMEs.More and more High-tech SMEs listed on the new three board in recent years and obtained a very good development.This paper provides a suitable financing way to the High-tech SMEs to promote their development,giving impetus to the development of national economy,thus the research on this topic is very valuable.The case this paper selected is a biological medicine High-tech SME.With the rapid increase of China’s aging population and the living environment worsening,our health has attracted enough attention.In recent years,medical things repeatedly as a topic to discuss in the major national conference,biological medicine industry is one of the country attaches great importance to industry,so this paper selected biological pharmaceutical industry as a case.A company has a very good representative as a case,because it become more powerful through listing on the new three board,which is a star company on the new three board.At present,A company is one of the High-tech SMEsof the national 863 key projects and technology development agencies and technology research centercultivated emphaticallyin Beijing.It has a strong research team and the support of the country,has won the qingke "China top 50 most valuable enterprise",bearing the award in the selection of most development potential enterprises on the new three board in 2014.This paper illustrates how the combination of the High-tech SMEs and the new three board market is an effective way of financingthrough the analysis to A company.It is can be knew that A company in urgent need of financing but it is hard to get the bank loan through the analysis of its introduction,organization structure,ownership structure,background listing the new three board and the financial status.However,after the listing on the new three board,A company financing for 102.032 million yuan,and became the a star enterprise in this industry.This paper analyzes the advantages of A company listing on the new three board as well as the benefits to enterprise,and analyzes three question:the financial risk in the financing process,the financing risk awareness needs to be strengthened and increasing the cost.Effective Suggestions are put forward based on the risk in this paper,namely to reduce financial risk,improve A company’s financing risk consciousnessand intensify efforts to develop core competitiveness.