Research On The Financing Mode Of The New Three Board Enterprises

Along with China's economical system reform further deepen,the multi-level capital market system also need to further improve.National Equities Exchange and Quotations is in this context came into being,its commitment to reverse the inverted pyramid of China's capital market structure to make the construction of the multi-level capital market tends to rationalize,and gradually become an important part of the multi-level capital market in China.Under the new normal,the economic development of our country presents three characteristics such as slowing growth,structural optimization and power transformation,for the innovative small and medium-sized enterprises,it represents excellence and high standards.However,due to lack of advanced corporate governance system,a sound financial system and effective risk control mechanism,small and medium-sized enterprise is often difficult to get financial support in the capital markets,which severely limits the development of small and medium-sized enterprises.However,with the further development of the new three board market,small and medium enterprises listed on the new three board can access to the capital market for financing to meet the financing needs of greatly reduced its long-standing financing predicament.National Equities Exchange and Quotations can guide all aspects of resources to foster the most prospects and active of emerging enterprises,promote the process of our market economy economic structure optimization.Firstly,the paper analyzes the development of the new three board market based on the latest statistics.Secondly,the paper studies the current financing model of the new three board market and analyzes the advantages of various financing models,the potential risks and the application of the new three boards.Again,the paper selects ChinaEquity,the typical company as a case analysis on its years of financing,financing model,this is a deeper understanding of the financing model for the new three board markets.Finally,the paper puts forward some reasonable suggestions to help optimize the financing environment of the new three boards and proposes the idea of applying private equity to the new three board markets.For the further research of National Equities Exchange and Quotations market financing model not only provide an important basis for listed companies financing decision,but also to make National Equities Exchange and Quotations market financing mode diversification.The both for the development of capital market in China,and for the growth of listed companies,has important significance.