二板市场与中小企业融资问题

Second Board Market and Equity Fund Raising in Small and Medium-sized Enterprises

二板市场股权融资 ,对于具有发展潜力的成长性中小企业来说 ,提供了较好的一条扩张融资之路 ,但是对于我国数量众多的中小企业来说 ,二板市场的门槛虽低 ,但融资能量有限。中小企业的融资选择是多样的 ,应根据自身的发展阶段及实力 ,考虑融资成本和融资风险 ,并结合最优资本结构等因素来选择较好的融资渠道。即使对于时机成熟的中小企业来说 ,在二板市场融资同样要遵循这一原则 ,谨慎从事。

For small and medium-sized enterprises, equity fund raising in the second board market is a better way for their growing financing. However, with the easy entrance, the quantities of funds raised from this market are too limited to satisfy such a large number of small and medium-sized enterprises. For them, decision should be made among multiple financing options according to their life cycles and consideration of cost and risk of financing as well as optimization of capital structures. Even those capable of raising funds in the second market should act with discretion under this guidance. The quality of the enterprises is the core condition for continuous financing in this market.