本文選題：中小企業(yè) + 中小企業(yè)集合證券��； 參考：《新疆財經(jīng)大學(xué)》2013年碩士論文

【摘要】：資金短缺歷來都是制約中小企業(yè)發(fā)展的重要因素之一，這與中小企業(yè)規(guī)模小、資質(zhì)差、抗風(fēng)險能力弱有很大關(guān)系。傳統(tǒng)上，中小企業(yè)的融資來源主要有自身的內(nèi)部積累、民間借貸及銀行貸款，而債券融資及上市融資都是大企業(yè)的專利。隨著2007年第一批中小企業(yè)集合債券——“深圳市中小企業(yè)集合債券”與“中關(guān)村高新技術(shù)中小企業(yè)集合債券”公開發(fā)行，開啟了中小企業(yè)發(fā)債融資的先河。隨后，第一批中小企業(yè)集合票據(jù)——“山東省諸城市2009年度中小企業(yè)集合票據(jù)”，“山東壽光‘三農(nóng)’中小企業(yè)2009年度第一期集合票據(jù)”和“北京市順義區(qū)中小企業(yè)2009年度第一期集合票據(jù)”公開發(fā)行，使得中小企業(yè)發(fā)債融資變得更為便捷。 中小企業(yè)集合證券首次發(fā)行距今只有不到6年，再加上這是我國的獨創(chuàng)，國際上沒有可供借鑒的經(jīng)驗，因此中小企業(yè)集合證券還存在不少問題。本文在對中小企業(yè)集合證券概述的基礎(chǔ)上，，分析其理論依據(jù)和現(xiàn)實的政策支持，并在對中小企業(yè)集合證券發(fā)展現(xiàn)狀的基礎(chǔ)上指出存在的問題，然后根據(jù)這些問題提出相應(yīng)的對策建議。 本文共分為四章： 第一章對我國中小企業(yè)集合證券進(jìn)行全面的概述，分析中小企業(yè)集合證券的發(fā)展歷程、特征及運行機制。 第二章探討發(fā)展我國中小企業(yè)集合證券的理論基礎(chǔ)，并從我國的經(jīng)濟發(fā)展、法律法規(guī)及債券市場的發(fā)展分析發(fā)展中小企業(yè)集合證券的現(xiàn)實政策支持。 第三章從對我國中小企業(yè)集合債券發(fā)展現(xiàn)狀進(jìn)行分析，包括總量分析、發(fā)行地域分布分析、發(fā)行利率分析等六個方面；進(jìn)而指出中小企業(yè)集合證券在發(fā)展過程中存在的問題，主要從一級發(fā)行市場、二級流通市場、信用增級和政府部門的監(jiān)管四個大方面著重分析。 第四章是本文的對策建議。主要是針對第三章提出的相關(guān)問題，提出發(fā)展我國中小企業(yè)集合證券的對策建議。主要包括規(guī)范一級發(fā)行市場、增強二級流通市場、豐富信用增級方法及減少政府干預(yù)四個方面。
[Abstract]:The shortage of funds has always been one of the important factors restricting the development of small and medium-sized enterprises, which is closely related to their small scale, poor qualification and weak ability to resist risks. Traditionally, the financing sources of small and medium-sized enterprises mainly have their own internal accumulation, private loans and bank loans, while bond financing and listed financing are the patents of large enterprises. With the first batch of small and medium-sized enterprises' bonds in 2007 "Shenzhen small and medium-sized enterprises' collective bonds" and "Zhongguancun high-tech small and medium-sized enterprises' collective bonds" issued publicly, it opened the first stage of SME bond issuance and financing. Subsequently, the first batch of small and medium-sized enterprise aggregate notes "Zhucheng, Shandong Province, 2009 small and medium-sized enterprise aggregate notes", "Shandong Shouguang 'San Nong' small and Medium-sized Enterprises in 2009 first issue of collective notes" and "Shunyi District of Beijing in 2009 the first issue of collective notes" public issuance of SMEs bond financing has become more convenient. It is only less than 6 years since the initial issuance of small and medium-sized enterprises' collective securities. Besides, this is the original creation of our country, and there is no experience for reference in the world, so there are still many problems in the aggregate securities of small and medium-sized enterprises. On the basis of summarizing the aggregate securities of small and medium-sized enterprises, this paper analyzes its theoretical basis and practical policy support, and points out the existing problems on the basis of the present situation of the development of collective securities of small and medium-sized enterprises. Then according to these problems put forward the corresponding countermeasures and suggestions. This paper is divided into four chapters: The first chapter gives a comprehensive overview of the aggregate securities of small and medium-sized enterprises in China, and analyzes the development course, characteristics and operation mechanism of the securities in small and medium-sized enterprises. The second chapter discusses the theoretical basis for the development of SMEs' aggregate securities, and analyzes the practical policy support for the development of SMEs' aggregate securities from the perspective of economic development, laws and regulations and the development of the bond market. The third chapter analyzes the current situation of the development of SME aggregate bonds in China, including the total amount analysis, regional distribution analysis and interest rate analysis, and then points out the problems existing in the development process of SME collective securities. Mainly from the first-level distribution market, secondary circulation market, credit enhancement and the supervision of government departments to focus on four aspects. The fourth chapter is the countermeasure suggestion of this article. In view of the related problems raised in the third chapter, the paper puts forward the countermeasures and suggestions for the development of the aggregate securities of small and medium-sized enterprises in China. It mainly includes four aspects: standardizing the issuing market, strengthening the secondary circulation market, enriching the method of credit upgrading and reducing government intervention.
【學(xué)位授予單位】：新疆財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.51;F276.3

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