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The Study On The Issue Of The SME's Financing Difficulty In Our Country

Posted on:2005-03-04Degree:MasterType:Thesis
Country:ChinaCandidate:Z X HuangFull Text:PDF
GTID:2156360125958763Subject:Finance
Abstract/Summary:PDF Full Text Request
SME's roles playing in one national economy cannot be substituted by anything else, but SME's further development will subject to many factors, the most prominent aspect of which is SME's financing difficulty. SME's financing difficulty is a widespread issue, but the solutions of different countries or areas to it should be based differently upon their conditions in terms of what type of financing channels should be used in resolving financing issue. In present periods of our economic development, some scholars believe that SME's issue is to be effectively solved should be dependent mainly on the development of direct financing, while others believe that financing issue is to be largely relieved should be dependent largely on the improvement of indirect financing efficiency, and this thesis identify itself with the later, the contents of which are as follows:Chapter 1 simply involves the topic-selecting background, and the literatures and views related to this thesis.Chapter 2 is mainly concerned with the theoretical summary on relative SME's financing and the importance when financing issues will be settled.Chapter 3 mainly introduces the international experiences of the solution to SME's financing difficulty and analyzes how we should use for reference.Chapter 4 primarily analyzes the existing circumstances of the SME's financing in our country and the experiences that has been done by our circles of theory, practice and policy.Chapter 5 mainly deals with the most prominent and real cause of SME's financing difficulty which is accepted by this thesis, the main three aspects of which are SME's credit insufficiency, the incompleteness of bank's financing contract, and the less effectiveness of government's judicial safeguarding bank's claims.Chapter 6 primarily discusses how to resolve these actual difficulties, the primary measures of which is to enhance SME's institutional reconstruction and to establish and perfect SME's Credit Guarantee System, to bound the decision-makers' private benefits of SME up with SEM's loan guarantee, and to endow financial department with relatively independent judicial rights. And with a view to effectively resolving these issues, this chapter also deals with some measures to be simultaneously implemented.
Keywords/Search Tags:SME, SME's financing, Direct financing, Indirect financing, Financing contracts, Credit, Credit guarantee
PDF Full Text Request
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