Analysis of the Financing Effect of the New Third Board Listing Companies

摘要

The development of society is inseparable from capital. The growth of enterprises cannot be separated from funds. At present, the traditional financing model cannot meet the financing needs of high-risk and high-return of small and medium-sized enterprises, which seriously hinders the development of small and medium enterprises (SMEs). For the construction of China's multi-level capital market, the establishment and improvement of the new three-board market is an important part that cannot be ignored. At the same time, the development of the new three-board market is also an effective way to alleviate the financing difficulties in science and technology of SMEs. This paper explores the time background of financing difficulties and multi-level capital market construction for SMEs, sets up a research framework, combines theory with practice, analyzes and demonstrates the financing model effects of SMEs in the new third board, and systematically discusses the new three boards as multi-level capital. The components of the market can help boost the development of SMEs and provide a new way for SMEs' financing. However, the new third board market is still in the early stage of development, and there are still problems and deficiencies in the financing function. This paper proposes some countermeasures and suggestions based on the analysis of the status quo.