Abstract: In this paper, we make an empirical study on the short-term financing strategy of 1233 high-technology companies in Taiwan. The results indicate that: high-technology enterprises with higher liquidity, credit rating and profitability and lower issuance cost, company size and liabilities level tend to radical short-term financing strategy. High-technology enterprises with higher issuance cost and lower liquidity, credit rating and profitability tend to moderate short-term financing strategy. Listed high-technology companies with lower liquidity tend to conservative short-term financing strategy. We studied the antecedents of short-term capital market and choice of financing strategy in short-term fund market as well as their match. These conclusions have some management enlightenment and reference for the development of short-term capital market to high-technology companies in China mainland.