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所谓资本市场大、小额融资结构,是指上市公司不同融资规模的构成。由于大企业融资规模一般较大,中小企业融资规模一般较小,资本市场大、小额融资结构可表现为大企业与中小企业的融资结构。资本市场的融资资源通常是有限的,在融资资源有限和上市公司都具备融资条件的情况下,是把100亿元资金融给一个大型企业还是融给20家或50家符合条件的中小企业?或者在这100亿元融资额中,一家大企业和20家中小企业各配置多少融资额?这是资本市场大、小额融资结构如何优化的问题。
The so-called capital market, micro-financing structure, refers to the composition of different financing scale of listed companies. Due to the large scale of financing of large enterprises, the scale of financing for SMEs is generally small, the capital market is large and the structure of microfinance can be represented as the financing structure of large and medium-sized enterprises. Capital market financing resources are usually limited, limited access to financing resources and listed companies have the financing conditions, is to put 10 billion yuan of funds to a large financial or financial intermediation to 20 or 50 qualified SMEs? Or how much financing will be allocated to a large enterprise and 20 small and medium-sized enterprises in this 10 billion yuan financing amount? This is a question of how to optimize the structure of large and small-sized financing in the capital market.