The report examines the financing situation of the 2017 NEEQ enterprises in Zhongguancun from five aspects：private placement，bond issuance，equity pledge，and cash condition and accounts receivable status. The research results show that private placement is still the most important financing channel for Zhongguancun NEEQ enterprises at present. Among them，Zhongguancun NEEQ innovative-level enterprises have significantly better financing ability than that of the basic- level. In terms of bond financing，the number of bond issuance and financing amount rose sharply in 2017. Bond financing has gradually become a feasible channel for Zhongguancun NEEQ enterprises to raise funds. In terms of equity pledge，although the absolute number of equity pledges and pledged shares of Zhongguancun NEEQ enterprises are increasing，the amount of equity pledge financing of Zhongguancun NEEQ enterprises in 2017 has been declined. In other words，the financing channels for the equity pledge of the NEEQ have narrowed. In terms of cash and accounts receivable，the difficulty of cash inflow of Zhongguancun NEEQ enterprises has been increased in 2017，the tension of the capital chain increased，and the growth trend of accounts receivable slowed down compared with previous years，but the proportion of current operating income was relatively high，which indicates that the operational risk of the company may increase.