科技型中小企业不同于一般中小企业,更不同于大企业的发展特点,其融资特点更突出地表现为两个方面:一是科技型中小企业的融资呈现周期性,发展的不同阶段需要不同的融资渠道;二是从融资结构角度看,科技性中小企业对外源性融资尤其是外源性权益融资有着更大的依赖性。科技型中小 Unlike the small and medium-sized enterprises (SMEs) in general, SMEs are more different from the development characteristics of large enterprises. Their financing features are more prominently manifested in two aspects. First, the financing of SMEs is cyclical. Different stages of development require different Financing channels; Second, from the financing structure point of view, science and technology SMEs on the exogenous financing, especially exogenous financing has a greater dependence. Small and medium-sized science and technology