The council urges that the government should , having regard to the characteristics of the hong kong financial market , expeditiously review the risk management of information technology - related stocks and adopt effective measures as soon as possible to develop an excellent culture of corporate governance , so as to enhance the vitality of the hong kong investment market , protect the legitimate rights and interests of investors and provide a level playing field for professional intermediaries in the market time to review the risk management of tech stocks 当时本港的投资者，由盈动提出收购电讯一役开始，正对新兴经济市场的发展，抱著极高的期望，甚至乎，在刚启业的创业板上市的十数只科技股，亦备受高度追捧，形成了股价超高的现象，而美国的纳斯达克市场，也已经累积了长时期的超买，科技股明显地正处于一个等待著调整的阶段。
However , since the 1970s , the resurgence of small and medium - sized enterprises has appeared in american economy , the ratio of their production in the gdp has gradually risen , and economic status has improved , esp . , in the 1990s , they have played very important roles in the aspects of technological innovation , increasing employment , and promoting exportation , etc . limited by their own characteristics , one of the largest difficulties of developing small and medium - sized enterprises is lacking of capital . such being the case , the governments and other economic sectors all over the world , either developed or developing countries , have focused on solving this problem 本文在分析美国中小企业在经济中的地位的基础上,首先对中小企业的融资模式进行了探讨,认为尽管美国是市场主导型的金融系统,商业银行贷款仍是中小企业外源融资的主要形式,随着金融创新的出现,资本市场的创新形式? ?创业投资和纳斯达克市场为中小企业的权益融资提供了新的渠道;政府在中小企业融资方面也提供了强有力的支持;其次,本文讨论了美国中小企业融资的有效制度安排,包括相关的金融立法、创新的融资机制和抵御风险的信用担保体系等;最后,在分析我国中小企业融资现状及造成我国中小企业融资困境原因的基础上,借鉴美国的有益经验,提出了有益的建议。
