Research On The Impact Of The New Three Board Market Listing On The Operation Of Z Company

The development of our country’s overall economy has driven the rapid development of our country’s capital market.Especially in recent years,the financing problem of small and medium-sized enterprises has been effectively solved by setting up new three boards.The solution of the capital problem paves the way for the continued development of small and medium enterprises,and the successful listing of the new three board market is of great significance to the business development of small and medium enterprises.The article takes the case of Z Company as a case study to study the influence of the new board market on the business of SMEs.First,the article introduces the research achievements of domestic and foreign scholars in this area,provides the ideas and the reference of the research methods,and introduces the relevant theories which need to be used in the following article.Then the article analyzes the new three board market listing rules and trading flow and the current situation of the new three board market in China,and then takes the new three board market as an example,and compares the change of the business situation of the new three board market with that of the company before the listing and after the listing.It is found that after the listing of the new three boards market,the operating conditions of the Z company have been greatly improved compared with before the listing and the unlisted enterprises in the same industry.Finally,the paper gives some suggestions on how to use the new three board market to improve the operating efficiency of the small and medium enterprises.The main contents of this paper can be divided into three parts,among which,the first part is the basic theory introduction part.This paper introduces the concept and growth history of small and medium enterprises,and introduces the growth theory and financing theory from many aspects.The second part is the status analysis part.This paper mainly introduces in detail the conditions and main flow of the new three board market for Chinese small and medium enterprises,and analyzes the development status of the new three board market.This paper analyzes the reasons why Chinese small and medium enterprises choose the new three boards market and the development direction after the new three boards market are listed.The third part is the case analysis part.After introducing the basic situation of Z Company and the necessity of listing the new three boards market,the paper analyzes the operation status of Z Company before listing the new three boards market.Then using the comparative method from the profitability,corporate governance,product development ability,market competitiveness,and so on,the paper analyzes the listing of Z company and before,after the listing and the unlisted new three board market,Shanghai Deren company carried on the in-depth comparative analysis.