对于资金需求具有“急、少、频”特点的中小企业而言,私募融资是其理想的融资模式。对于市场本身而言,私募融资所带来的风险更小,也更有利于市场的稳定运作,尤其是对于我国处于发展初期的场外交易市场。新《公司法》与《证券法》的出台使我国私募融资有了基本的法律框架,我国上市公司非公开发行也已经有了丰富的实践,但真正意义上的私募融资制度体系与模式尚未形成,使我国场外交易市场的私募融资功能受到了限制,在这方面,天津股权交易所在现有法律框架下进行了突破性创新。
<<Private equity financing is the ideal mode for those small-and medium-sized enterprises that demand small amount of capital urgently,frequently.Private equity financing causes less risk and is conductive to the stability of market operation,especially for the OTC just beginning to develop in our country.Although the new Corporation Law and Securities Law become the basic law frame for private equity financing and listed companies have abundant practices of private placement,the truly system and mode for private equity financing have not been formed yet.The function of the OTC in our country is limited.Fortunately,Tianjin Equity Exchange makes a breakthrough under the basic law.
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