Studies On Financing Of Non-governmental Medium And Small-Sized Enterprises

Since the economic reform and opening, the non-governmental economy has become an important part of China, for its activity and developing rate. While at the same time, its developing rate is restricted by some factors. The difficulty in financing is a key factor, which results in the non-governmental and small-sized enterprises'(MSE) cannot expand as fast as expectation. The aim of this thesis is the financing of non-governmental MSE. Firstly, the thesis elaborates the substance and ways of enterprises' financing, reviews the capital structure theory. Secondly, it analyses the present situation of non-governmental MSE's financing and come to the conclusion that in our country, MSE is confronted with the problem of difficult financing. It also analyses the reasons of non-governmental MSE's difficult financing, which include the non-governmental MSE's obstacles, the lag of state-owned banks' reforming, the dissatisfaction of medium and small-sized finance institution, the imperfection of direct financing system and so on. Finally, the thesis inquires the establishing of non-governmental MSE's new financing system, which includes strengthening the finance institution's sustain to the non-governmental MSE,establishing the social credit system, opening some new financing channels, improving the enterprises' quality and constructing the social serving system.