Notice of RetractionFinancing mode in China´s transition period

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Financing is an effective way to satisfy different needs of both capital supply and demand. Different financing modes determine the financing efficiency directly. In various countries around the world, their distinctive financing modes depend on their market economy system and financing system. For China, a country during economic transition period, it is of great significance to alter the existing inefficient financing mode and enhance the financing efficiency. Based on the comparative analysis of the two kinds of prevailing overseas financing modes, this paper discusses the financing mode that is suitable to China´s actual conditions in the transition period. It is found that a new financing mode is needed to coordinate the development of both direct and indirect financing in China.