The Research Of Status Quo And Tactics Of SMEs' Financing In Sichuan

Since reform and opening to the world, SMEs have been becoming increasingly an important part of socioeconomic system in Sichuan. SMEs make positive and important contributions in many aspects, such as promoting economic increase, lightening the pressure of employment, pushing forward the creation of science and technology, stabilizing financial sources and optimizing economic structure, etc. But, SMEs are faced with "bottleneck" in the course of development. The financing difficulty is a chronic disease that perplexes the existence and development of SMEs in Sichuan. The solution to the financing of SMEs is of great significance to the development of SMEs, Sichuan' economy, country' economy and stability.This paper has a footing in Sichuan. Based on analyzing the status quo of SMEs' financing, the paper puts forward some suggestions.In the first place, the paper observes and studies the developing state (whole status, position and functions, etc) of SMEs in Sichuan. Then, the paper analyses the status quo of SMEs' financing in Sichuan and especially analyses the main channel-loan at the present time. According to the investigation and research that author has taken part in, the paper classifies SMEs.In the second place, through showing the advantages, disadvantages and applicable scopes of some main financing patterns of SMEs, the paper analyses the factors and problems existing that hold back the financing of SMEs in Sichuan. According to these factors and problems, the paper points out that credit-guarantee is a breach of the SMEs' financing in Sichuan. In the meantime, the paper points out that responsibility sharing among banks, credit-guarantee organization and SMEs is key for credit-guarantee.In the third place, learning international advanced experiences and considering status quo of responsibility sharing of SMEs' credit-guarantee-loan in Sichuan, the paper puts forward a proposition. Then, the paper builds two mathematical models and carries on data analyses. Based on these models, the paper discusses how to select strategies for SMEs to get funds.In addition, the financing of SMEs is regarded as games between SMEs andbanks, SMEs and investors according to game theory in the paper. The paper builds two dynamic games. Based on the equilibrium analyses, the paper finds out some crucial reasons that cause the difficulty of SMEs' financing in Sichuan and puts forward some suggestions.Finally, based on the above analyses, in order to solve the financing problems of SMEs in Sichuan, the paper puts forward some suggestions.