对于处于成长期的民营企业来说,上市融资充满了风险和陷阱。长期以来,商业银行为了规避信息不对称造成的道德风险,降低了它们给中小企业发放贷款的积极性,使得以民营企业为主的中小企业难以获得银行贷款,限制了这些企业的顺利发展。这样,上市融资 For private enterprises in their formative years, listing and financing are full of risks and pitfalls. For a long time, in order to circumvent the moral hazard caused by information asymmetry, commercial banks have reduced their enthusiasm for issuing loans to SMEs, making it difficult for SMEs to dominate the private sector to obtain bank loans and limiting the smooth development of these enterprises. In this way, the listing of financing