Research On Legal System Of Direct Financing For SMEs

Thirty years of reform and opening, China's rapid development of small and medium-sized enterprises, and has become an important part of the national economy, China's economic growth is effective, market prosperity and the main force to expand employment. Small and medium-sized enterprises produced great economic benefits and social benefit.Due to the recent international financial crisis and the world economic situation, the influence of drastic changes of small and medium-sized enterprises face lower demand, rising cost pressures, the serious shortage of funds, production management, SME's situation become more and more worse.At present, direct financing and indirect finance had became the SME's mainly financing forms, enterprise economic development to scale, and only by the internal financing has cannot satisfy the needs of its survival and development. But with Banks and other financial institutions for intermediary bank financing, indirect, financial institutions to avoid financial risk, often only focus on large and medium-sized enterprises such as performance, that is the source of small and medium-sized enterprises lack of loans. Faced with most of the endogenous financing insufficient funds and indirect finance difficulty, we had to find another way—direct financing for the legal system solutions to the most SME financing system of legal support and guarantee.In recent years, the Chinese government attaches great importance to the development of small and medium-sized enterprises to small and medium-sized enterprises, which provide direct financing system guarantee, also has issued several laws and regulations, such as in 2002, the promotion of small and medium-sized enterprises, and the first of the development of small and medium-sized enterprises, 2009 April rule issued by the state council on further promoting the development of small and middle-sized enterprises, puts forward some Suggestions for the development of small and medium-sized enterprises create a favorable environment for small and middle-sized enterprises, increase the financing difficulties of small and medium-sized enterprise finance support, etc, these specific laws and regulations are issued to promote the development of small and medium-sized enterprises to solve the problem, the source of capital plays a certain role, but overall, the direct financing smes legal system exists serious lack and loss.Using the method of comparison research, and through the developed countries such as direct financing smes compared with reference to the legal system, puts forward the legal system of direct financing smes, the countermeasure and suggestion for sme financing create favorable conditions of small and medium-sized enterprises, promote the development of rapid, healthy and harmonious society to make positive contribution.