中文摘要：

对中国科技创新型企业创业板上市的融资效率进行分析后发现，上市后不同企业的融资效率存在很大差异，并且产生融资效率低下问题的原因也各不相同。这就要求科技创新型企业根据自身情况，转变内部资金流通方式，构建完善的筹融资结构；监管部门不仅要引导科技创新型企业加快上市步伐，还要加强对已上市企业的监督管理。

英文摘要：

After analyzing the financing efficiency ot technological mnovatlon-onenteu enterprises listed on GEM, this paper finds that different enterprises have tremendous differences, and the cause for financing inefficiency are also different. This phenomenon requires technological in- novation-oriented enterprises＇ reform of the internal capital flow, at the same time, building a rea- sonable financing structure according to their specific circumstances. The regulatory authorities, should not seek listing the innovation-oriented enterprises on GEM only, and strengthening su- pervision over the listed enterprises is also equally important.