Study On The Financing Problems Of Scientific And Technological SMEs Under Layered System In The New Third Board

Small and medium-sized enterprises of science and technology is an important part of our national economy,in which has the flexible system and provide a large number of jobs for the people.It play an important role in our national economy.However,due to the impact of the global financial crisis,coupled with the characteristics of "high risk,high input",it is facing the serious financing difficulties.It is very important significance to promote China's economic and social development in how to solve the problem of financing of small and medium-sized enterprises.National Equities Exchange And Quotations,commonly known as the New Third Board Market,is the cornerstone of the construction of multi-level capital market in China.Premier Li Keqiang in 2017 government work report pointed out the need to deepen the reform of multi-level capital market,and actively develop the new three board.the New Third Board Market is a free and inclusive market that is very important to improve the capital allocation efficiency of China's capital market.The New Third Board is a free and inclusive market and has the great significance to improve Capital allocation efficiency in Chinese capital market.After the stratify of the New Third Board Market,National Equities Exchange And Quotations take differentiated institutional arrangements at the service and supervision.This paper is devoted to some problems on finance of Technological Small and Medium-sized Enterprises which adopt a hierarchical mechanism in the New Third Board Market,and raise some advices and countermeasures for improve financing Countermeasures.The main research work includes:The theoretical and practical analysis to the traditional financing mode of small and medium sized enterprises,then it can be concluded that the hierarchical is a further subdivision and the basis for the further development of the New Third Board Market.After the hierarchical,the New Third Board Market will gather many excellect company in the innovation layer,and attracted different levels of investors,which greatly improving the efficiency of financing.Compared with foreign OTC market,this paper put forward ideas and suggestions to optimization Financing on Technological Small and Medium-sized Enterprises.It use the financing project of a Technological Small and Medium-sized Enterprise as the example to show how to rapid growth in the capital market in order to make some suggestions on enriching multi-hierarchy capital market in China.