Study on Listing Financing Distribution of GEM Companies and Influence Factors

Abstract

Abstract. Economic structural adjustment is a major topic that concerns the development of China in fairly long future. The growth of high-tech enterprises, an important force in the economic transition of China in the future, is affected by the limitation of financing to a great extent. Ever since it was launched, GEM (Growth Enterprise Market) has assumed the historic mission of implementing the strategy of "driving the development with innovation" and "cultivating strategic emerging industries". This paper uses a sample of a few GEM companies and data revealed before and after they were listed and evaluates the influence factors on GEM companies' financing capacity based on comprehensive indexes as their regional distribution, business type, technological innovative ability, enterprise scale and business development. The findings benefit the objective understanding of financing of GEM listed companies and can be used in the prediction of their future development.