20世纪90年代以来,在传统的证券交易所大厅之外,世界各国建起了许多个第二板市场(或称创业板市场)。它们,以及更早的美国纳斯达克证券市场(NASDAQ)等,为中小企业的成长提供了大量资金,创造了不少神话,也引起国际间普遍的关注。在此我们根据论坛来宾演讲,经过整理,介绍一下美国纳斯达克证券市场、加拿大多伦多创业板市场、香港创业板市场这三个对我国中小企业有帮助的海外融资市场,希望能为新兴民营企业提供有价值的参考。 Since the 1990s, outside the traditional stock exchange hall, many second-board markets (or gem markets) have been established in various countries of the world. They, as well as the earlier Nasdaq (NASDAQ), have provided a lot of money for the growth of SMEs, created a lot of myths and aroused widespread international concern. Here, we give a speech based on the forum guest and arrange to introduce the three overseas financing markets that are helpful to SMEs in the United States, including the NASDAQ stock market in the United States, the GEM in Canada and the GEM in Hong Kong, hoping for the emerging private sector Enterprises provide valuable reference.