Research On Financing Efficiency Of JS Equity Exchange Center

In recent years,equity trading centers across the country have implemented differentiated development in financing product innovation,supporting system construction,and special services,laying the foundation for diversification of the capital market.Due to the relatively late appearance of China's regional equity trading markets,the research on this is also relatively inadequate,compared with other higherlevel capital markets,the financing model is still immature,and the existing research focuses more on the institutional and policy level discussions.The research on the financing efficiency of listed companies in equity trading center and its influence mechanism involves less.This article selects JS Equity Exchange Center as the research object to study its financing efficiency,which is exactly the significance of this article.This article is divided into six parts.The first part is the introduction,which elaborates the research background,research significance and purpose,literature review,research methods and content,innovation and deficiencies.The second part first defines the main concepts,and then introduces the related theories involved in this article.The third part introduces the case of JS Equity Exchange Center,which involves the basic overview of the platform,the overview of listed companies,related system construction and platform supporting services.The fourth part evaluates and evaluates the financing efficiency of the JS equity trading center,and finds that it has a lower financing efficiency than the surrounding provinces and cities' equity trading centers.The fifth part uses related theories to analyze the reasons for the low financing efficiency of the JS equity trading center,and finds that the higher transaction costs,lower default costs,and insufficient distribution of high-quality companies are the main reasons.The sixth part puts forward suggestions: in terms of reducing transaction costs,it is recommended to adopt a market maker system,improve the transaction settlement system,and increase business docking with multiple departments;in terms of increasing the cost of corporate default,increase the penalties and Establish a multi-department information communication mechanism;in terms of increasing high-quality enterprises,appropriately raise the threshold for listing,enrich enterprise cultivation services,and establish an exit mechanism.