Study On System Building In Small And Medium-sized Business Financing

One of obstacle on development of small and medium-sized businesses is the difficult of financing, which affects not only the development and strengthen of nongovernmental businesses, but also the national economy. The main purpose and train of thought: expatiating phenomena of the difficult of small and medium-sized businesses financing in all aspects, analyzing deeply reasons of that, from in-system to out-system, direct and indirect financing, corporate, financial institution, government, society, etc. On the basis of discussing and probing into experience on small and medium-sized businesses financing in world scope, pondering the enlightenment and the choice of system and pattern of small and medium-sized businesses financing, constructing legal system on resolving the difficulties of small and medium-sized businesses financing through founding and perfecting enterprise and the financial legal system, the policy environment.The thesis discusses consists of four parts. The first part defines the concept of small and medium-sized business, analyzing the market station and effect of which, introducing general way and channel of small and medium-sized business financing, and expounding the status quo. The second part assaying the difficulties of small and medium-sized business financing. The article analyses internal reasons in aspects on credit and asymmetry in information. External reasons are analyzed in law and statute, support of government, money market, credit system construction, etc. The third part introduces separately the experiences on small and medium-sized business financing of developed and developing countries and some regions in China. Then author points out that financing institutional framework on small and medium-sized business should be set up in China, which should be one system that government is the leader, indirect financing institution occupying the primary status, the folk commerce finance and the policy finance are the important elements. The fourth part gives a suggestion on how to construct institutional framework in aspects on own construction, credit system construction, and private property right system construction of small and medium-sized business. Simultaneously, financing legal system should be perfected, and folk financing should be guided and normalized effective.