Innovative Financial Instruments Based On Financing Small And Medium-sized Enterprises

Small and medium-sized enterprises play an essential role in our country's economic development. But the problem of financing difficulty becomes obstacle when it concerns survival and development. it is urgent for our country to solve the difficult problem. The purpose of this paper is to solve the difficult problem of financing of small and medium-sized enterprises. Financial instruments are a basic tie between investor and factor. Financial instruments can dispose fund directly. Financial instrument innovated directly serving for SMEs financing can alleviate or solve the difficult problem of SMEs financing. This paper, to the overview of small and medium-sized enterprises of our country and financial environmental analysis foundation, solve the difficult problem of financing of small and medium-sized enterprises from the innovative angle initiative of financial instruments.This paper is divided into six parts mainly. The first part puts forward the question and describes the current foreign research situation. The second part explains the main contribution of the small and medium-sized enterprises of our country and their current financing situation. It classifies the small and medium-sized enterprises of our country, so get ready to study further. The third part analyzes the reason why it's so difficult in financing as it concerns small and medium-sized enterprises of our country in detail. Also establish the foundation that helps to innovate SMEs financing instruments. The fourth part introduces the typical SMEs financing instruments of U.S.A., Japan and Taiwan, and analyses their adaptability in our country. The fifth part studies our country financing environment and development trend that financing instruments develop. This part explores our country restraint terms that financial instrument innovate and points out the direction that SMEs financing instruments innovate. The sixth part is focal point of this text. On the basis of analyzing existed financial instruments and summarizing the essential feature of SMEs financing, the article put forward universal law that financial instrument innovate. And put up a new platform in order to further investigate financial instruments. Then use the innovative principle of financial instrument based on financing of small and medium-sized enterprises, the paper design a series of financing financial instruments using stripping technology and grafting technology of financial project synthetically according our country financing realistic environment that financial instrument develop.