View From The Leasing Of Small And Medium IT Enterprises Financing Tool

Small and medium sized enterprises (SMEs) financing is a world topic and among that group, IT companies attract high attention from both the governments and academics. No matter within developed or developing countries, SMEs play a key role in national GDP. Currently, financing has become a bottle neck for IT SMEs from developing in a sustainable, healthy and steady manner. To solve that problem, efforts are needed from the government, society and other organizations, yet the key drive lies in improving financing skills for IT SMEs.Based on the fact that SME financing research is still under exploratory stage, there're no funding tools that are market-tested, mature, operational and monitored. During the recent global economic crisis, many Chinese SMEs are impacted due to financing shortage, for which the central government has made policies and local governments have prioritized to secure their development. Meanwhile, IT industry in China are also actively seeking and exploring new business development models, among which Legend stood out for their financing models to help SMEs secure manufacturing equipments. In the globalization environment as of today, this new financing model could not only solve funding problems to assist with SMEs'development and competitiveness, but also points out direction for governments and the banks in funding SMEs. Through research of SME funding, this article is written under the purpose of promoting SMEs financing model construction; enhancing SMEs competitiveness and funding opportunities; and accelerating IT SMEs development.