区域性股权市场服务小微企业的实践与探索

The Practice and Exploration of Regional Equity Market in Serving Small and Micro Businesses

区域性股权市场作为我国多层次资本市场的重要组成部分,可以为中小微企业提供以股权融资为核心的综合金融服务,为地方政府扶持中小微企业政策提供平台,在服务地方中小微企业方面发挥着不可或缺的作用。近十年来,各区域性股权市场已在拓宽融资渠道、促进改制升级、支持科创企业发展、服务基层金融工程、协助政策实施等方面积累了丰富的实践经验。后续仍应通过政策引导和制度创新,充分发挥区域性股权市场的功能作用,畅通其与更高层次资本市场间的有机联系机制,适时启动改革创新试点,并营造良好的市场发展环境,多措并举推动区域性股权市场不断走向成熟和完善,为小微企业发展和经济转型升级做出更大贡献。

As an important part of China's multi-level capital market,regional equity market can provide comprehensive financial services with equity financing as the core for Small and Micro Businesses(SMB),provide a platform for local governments to support SMB,and play an indispensable role in serving local SMB.Over the past decade,regional equity markets have accumulated rich practical experience in broadening financing channels,promoting restructuring and upgrading,supporting the development of scientific and entrepreneurial enterprises,serving grassroots financial projects,and assisting policy implementation.Subsequent development should still be made through policy guidance and the system innovation,in order to give full play to the function of the regional equity markets,unblocking the organic linking mechanism between the higher levels of capital market,timely starting pilot reform and innovation,creating a sound market development environment,and promoting and upgrading regional equity markets to become more mature and perfect for SMB development and make greater contribution.