Research On Financing Model Of China's Small And Medium-sized Enterprise Under Financial Crisis

Small and Medium Enterprises (SMEs), as a main component element of China's enterprises, play an important role in the facets of perfecting China's industrial structure and promoting the urbanization process. Its healthy and rapid development avails to improve continually economy growth and absorb surplus labor and advance technological innovation. However, it is facing some problems such as financing difficulty because of their unique background and the limitation from China's finance market. Especially in the economic environment that is the current financial crisis, the issue of SME financing difficulty is particularly pronounced.The choice and adaptability of financing models for SMEs impact directly SME development, and also restrict social economy. It is the critical path to resolve the difficulty of SMEs financing to choose appropriately financing model.This paper researches the financing model of China SMEs under the financial crisis from six parts. Firstly, this paper describes the international and domestic background and overviews the latest interrelated research, and expound research purposes and research significance and research content of this article; secondly, it summarizes the development and application and conditions of the theory of corporate finance; thirdly, it analyzes deeply actuality of the finance of China's SMEs under the financial crisis, and discusses why the SMEs'finance is difficult from the direct and indirect perspective; fourthly, it extracts availability to the financial model of China's SMEs comparing the foreign financial model under the financial crisis; fifthly, the part herein focus analyzing the adaptability of China's SMEs from the foreign SMEs'financing model; then comparing private financing model and credit collateral financing model and equity financing model using fuzzy comprehensive evaluation method, the paper thinks that the best financing model of China's SMEs is the credit collateral financing model under the China's current economic situation. At last, the part was summarized to set a direction for further research. This paper analyzes the credit collateral guarantee mode with RBF which gets rid of the traditionary model and achieves the visualization and the predictability using the trait of training and self-adaptability of neural network to sample data. The method limits risks into the area centralized the best degree of the risks to resolve the problem of financing difficulty of SMEs under the financial crisis situation by predicting the risk degree based on the time stepping of credit collateral financing model.