本文選題：中小企業(yè) + GF證券　； 參考：《蘭州大學》2013年碩士論文

【摘要】：中小企業(yè)在我國經(jīng)濟份額中占有不小比例,在解決就業(yè)問題、社會穩(wěn)定等方面做出了積極的貢獻。然而多年來,融資難一直是困擾中小企業(yè)發(fā)展的瓶頸。2012年,這一問題有望解決,中小企業(yè)私募債券在試點省份內(nèi)進行發(fā)行,推出中小企業(yè)私募債是我國證券市場的一大創(chuàng)新和改革,進一步豐富了我國債券市場的結構,也是完善我國資本市場體系的一個重大突破。而國內(nèi)的相關配套政策還有待于進一步完善,尤其在法律法規(guī)方面,可依據(jù)的較少,在目前經(jīng)濟放緩的大背景下,中小企業(yè)私募債券的發(fā)行還存在不少的阻力。本文以GF證券為例,對甘肅省中小企業(yè)私募債券承銷業(yè)務的發(fā)展進行了研究。全文共分為七個部分,其主要內(nèi)容如下： 第一、二部分是相關理論內(nèi)容,本課題的背景與意義,以及私募證券的相關理論綜述,為后面的展開研究打下了理論基礎。 第三部分為國內(nèi)外中小企業(yè)私募債券研究及發(fā)展現(xiàn)狀,通過對國內(nèi)外相關國家的業(yè)務分析,說明中小企業(yè)私募債券的目前的研究程度,我國該業(yè)務才剛剛起步,研究該課題對我國中小企業(yè)的發(fā)展有什么樣的促進作用。 第四部分為甘肅省中小企業(yè)私募債券業(yè)務的發(fā)展評估。該部分主要從以下三個方面進行分析：中小企業(yè)私募債券的特點,甘肅省中小企業(yè)私募債券融資的需求；中小企業(yè)私募債券融資面臨的困難。 第五部分為本文的重點內(nèi)容。該部分中小企業(yè)私募債券承銷業(yè)務發(fā)展的環(huán)境評估,主要以GF證券為例。給部分從宏觀、中觀、微觀三個方面來進行評估。宏觀方面對債券市場的環(huán)境狀況、中小企業(yè)私募債經(jīng)濟環(huán)境、中小企業(yè)私募債法律環(huán)境等方面進行評估；中觀方面從甘肅省的市場規(guī)模、證券行業(yè)對甘肅省私募債券的承銷能力進行評估；微觀方面則具體從GF證券出發(fā),對可能性、條件、能力、定價等問題進行評價。 第六部分為GF證券公司中小企業(yè)私募債承銷業(yè)務的發(fā)展建議,該部分給出了以下兩個建議：宏觀政策建議以及承銷業(yè)務建議。 第七部分為結論與展望。
[Abstract]:Small and medium-sized enterprises account for a large proportion of our country's economic share and have made positive contributions to solving employment problems and social stability. For years, however, financing difficulties have been the bottleneck that has plagued the development of small and medium-sized enterprises. In 2012, the problem is expected to be resolved, and private equity bonds for small and medium-sized enterprises have been issued in pilot provinces. It is a great innovation and reform of China's securities market to launch private equity debt of small and medium-sized enterprises, which further enriches the structure of our country's bond market and is also a major breakthrough in perfecting our country's capital market system. But the domestic related supporting policies still need to be further improved, especially in the law and regulations, can be based on less, in the context of the current economic slowdown, there is still a lot of resistance to the issuance of small and medium-sized private equity bonds. Taking GF Securities as an example, this paper studies the development of private bond underwriting business of small and medium sized enterprises in Gansu Province. The full text is divided into seven parts, the main contents are as follows: The first and second parts are the related theoretical content, the background and significance of this subject, as well as the related theoretical review of private equity, which lays a theoretical foundation for the following research. The third part is the domestic and foreign small and medium-sized enterprises private equity bond research and the development present situation, through the domestic and foreign related countries' business analysis, explains the small and medium-sized enterprise private placement bond present research degree, our country this business just started, The research on the development of small and medium-sized enterprises in China what kind of promotion role. The fourth part is the evaluation of the development of private bond business of small and medium sized enterprises in Gansu province. This part mainly analyzes from the following three aspects: the characteristics of small and medium-sized enterprises private equity bond financing, the demand of Gansu province small and medium-sized enterprises private equity bond financing, and the difficulties faced by small and medium-sized enterprises private equity bond financing. The fifth part is the key content of this paper. This part of small and medium-sized private-placement bond underwriting business development environment assessment, mainly take GF securities as an example. Give part from macro, meso, micro three aspects to evaluate. Macro aspects of the bond market environment, small and medium-sized enterprises private debt economic environment, small and medium-sized enterprises private equity debt legal environment and other aspects of evaluation; from the middle of Gansu Province market size, The securities industry evaluates the underwriting ability of private equity bonds in Gansu province, and evaluates the possibility, condition, ability, pricing and so on from the perspective of GF securities. The sixth part is the development suggestion of private equity underwriting business of GF securities company. This part gives the following two suggestions: macro policy recommendations and underwriting business recommendations. The seventh part is the conclusion and prospect.
【學位授予單位】：蘭州大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F832.51

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