Network governance transaction environment in hightech SMEs;

Research on high-tech SMEs financial distress predicting system;

High-tech SMEs Credit Decision-making Based on Real Options Approach;

Compared to the developed countries, there is still a considerable gap between the high-tech SMEs in our country and those in other developed countries, not only in the general development level, but also in technology innovation ability, management system and the environment of the enterprises developing.

This paper analyses the evolvement course of High-tech SME s financing path in Zhongguancun science park,finds out the reasons of their financing status quo combining with the characteristics of high-tech enterprise financing,and pro-poses recommendation to optimize the financing path of High-tech SMEs.

The High-tech SMEs have special growth law and cash flow track in themselves, so the speciality should be embodied in their credit research and credit evaluation.

The Analyses of Game Theory in Financing Strategy of Hi-tech SME;

Based on the financing and utiliying the strategic resource of Hi-tech SME,the strategic game theory can be used in financing of Hi-tech SME without sufficient information by following way:utilizing the strategic resource as well as tactics,such as alliance and credit.

Small and medium-sized high-tech enterprises are an important source of technological innovation and, with the advent of the era of knowledge economy, have become a very active force in market economy.

The article analyses the financing charac ters concerning the small and medium-sized high-tech enterprises in beijing with the latest datas.

Study on the Intellectual Property Strategy of Pint-size High-Tech Enterprises in Our Country;