China's Bank-pawnshop Symbiotic Relationship Based On The SME Financing Needs

Today, small and medium-sized enterprises(SME) become an important promote to the development of national economy, but the SME have been constrained by financing difficulties and the financing gap is huge. To some extent, the development of China's SME financing market restricts the economic development, so discussions about the cultivation of SME financing market and the relevant factors for SME financing market developing harmoniously have important theoretical and practical significance. SME'financing difficulties mainly refers to difficulties in loaning to banks, and bank loans only account for 8% in the resources of SME'funds; but accompanied by the gradual opening-up of the domestic banking industry and the intensification of competitions among the industry, China's banks began to pay more attention to the SME financing market. Nowadays, SME are the main clients in pawnshops, SME's huge financing needs catalyze the rapid development of pawnshops. Thus, in the SME financing market, there is competition-collaboration relationship between banks and pawnshops, and the cooperation and division between the two must be able to meet more financing needs of SME.By introducing the financial symbiosis theory, this paper discusses the symbiotic relationship between China's banks and pawnshops in the SME financing market. On the basis of the symbiotic background, the paper analyzes the motives for banks and pawnshops forming symbiotic relationship; then, proposes the symbiotic interfaces and the types of symbiotic model, and indicates that symbiotic interfaces can promote the evolution of symbiotic model; meanwhile, from the product symbiosis and market symbiosis perspectives, conducts an empirical study on the bank-pawnshop symbiotic relationship in the SME financing market, deems that China's banks and pawnshops have adequate product symbiotic space and market symbiotic space; aiming at the bank-pawnshop symbiotic evolution based on the financing needs of SME, paper put forward some corresponding countermeasures for banks, pawnshops and governments.This study of China's bank-pawnshop symbiotic relationship based on the financing needs of SME have a profound guiding role for the sustainable development of banks and pawnshops, and also be helpful for leading them to cooperate to sever the SME financing market better, to ease the SME financing difficulties and to promote national economic development. At the same time, this study not only extends the use of financial symbiosis theory, but also enriches the domestic and foreign research of SME financing problem and bank-pawnshop relationship.