Study On Credit Chain Financing Of Chinese Small-Medium Enterprises

The small-medium enterprises of China generally encounter the financial dilemma especially the loan restrains from the bank, which has seriously held back their survival and sustainable development, and will also influences the sustainable development of Chinese economy and long stability. So, from the aspects of finance and crediting guarantee, the theoretical field and some relevant institutions or individuals respectively suggest some theories and measures which has helped reduce the dilemma to some extent. However, the difficulty of financing problem of the small-medium enterprises is still serious. So, the author thinks it is necessary to analyze and find a new way and model for this problem from aspects of non-finance and crediting guarantee. And this is also the very aim of the paper.Using the digital, non-digital and systematical analyzing tools, on the basis of the financing reality and main problems of the small-medium enterprises in China, the paper indicates that the financing dilemma of Chinese small-medium enterprises focuses on the crediting restrains from the bank, and also the paper analyzes the further reasons for it. And then it gives us the new way, theory and the model about the financing of the small-medium enterprises. At last, the paper gives us some advices and measures about the operation of the new model. The content of the paper is like this: the first chapter brings forward and briefly analyzes the problem concerned, then analyzes the present research condition of the topic, looking back relevant documents. The chapter two generally summarizes the small-medium enterprises, defining the territory of small-medium enterprises and the researching object, analyzing the financing reality and main problems of the small-medium enterprises in China, explaining the reasons why the crediting restrains exists. Well,Chapter three shows us a new idea ------credit chain financing to solve the financingproblem, presenting the whole theoretical framework including the theory of Symbiosis and Clusters, the mechanism of credit chain financing. On the basis of the credit chain financing theory and taking account into the reality of Chinese small-medium enterprises ,chapter four tries to establish the credit chain financing model of small-medium enterprises in China, including the some premise to build the model, the characteristics of the model, the driving mechanism and the game. In addition, in order to guarantee the favoring operation of the new model, Chapter five brings forward some advices and measures from aspects of not only small-medium enterprises, but also big enterprises and the banks as well. The last part of the paper is the conclusion and the prospect.