Study On The Financing Of The NEEQ Concept Stock Of China’s Technology-based Small And Medium Enterprises

Innovation is the survival means of SMEs.With its strong technological innovation capability,technology-based SMEs have become the pioneers of China’s scientific and technological innovation and industrialization of results.Under economic restructuring and building an innovative country,it is particularly important to vigorously support the development of SMEs.The development of technology-based SMEs is inseparable from the support of sufficient funds.However,due to the small scale,high operational risk and weak guarantee capability,technology-based SMEs are facing a series of financing difficulties.Therefore,how to get more financial resources for technology-based SMEs is an urgent problem to be solved in the current economic development.It is very beneficial to construct a pluralistic financing system to solve this problem.The establishment of the NEEQ concept stock will enable the SMEs financing system to be further improved,and it will enable SMEs to obtain more financial support.Since the expansion of the NEEQ concept stock in 2013 to the whole country,it has achieved leap-forward development and market recognition continuously improved.The main service targets of the NEEQ concept stock are technology-based and innovative small and medium-sized enterprises,which can provide new financing channels for technology-based SMEs.Based on the above background,this paper adopts a variety of research methods,combined with the current financing status of SMEs and the financing functions and advantages of the NEEQ concept stock,through the analysis of the financing effect of the C companies successfully listed,it provides reference for the financing of the NEEQ concept stock for other SMEs.Firstly,based on the financing status of SMEs,this paper analyzes the financing demand characteristics of SMEs,the current main financing models,financing dilemmas and their causes.Then,based on the financing functions and advantages of the NEEQ concept stock,the background of the construction of the NEEQ is reviewed by comparing the similarities and differences between the market of the NEEQ concept stock and the exchange market,discussing the impact of the Science and Technology Board on the NEEQ concept stock,analyzing the financing advantages and financing effects of the NEEQ concept stock,and clarifying the significance of the development of the NEEQ concept stock to the SMEs.Secondly,this paper takes company C’s listed NEEQ concept stock successful financing as a case,analyzes the financing difficulties of company C before listing and the necessity of financing through NEEQ concept stock,and then analyze the financing effect of company C’s listed NEEQ concept stock from the three aspects,such as the private placement financing,growth and profitability,other aspects after listing,which shows that the NEEQ concept stock is an effective way for SMEs to solve the financing problem,and provides a reference for other SMEs to solve the financing dilemma.Thirdly,this paper also puts forward the problems existing in the current SMEs’ financing through the NEEQ concept stock,and provides corresponding solutions and suggestions.Finally,summarizing the full text,the NEEQ concept stock broadens the financing channels for SMEs,and it can effectively solve the financing problems of SMEs and bring a series of value-added effects to enterprises.It is a new choice for SMEs financing.At the same time,this paper also looks ahead how to better develop the NEEQ concept stock,making it a high financing efficiency capital platform,and better serviced for technology-based SME.