Research On The Financing Of Qingdao Smes

The research report selects 36 Small & Medium Enterprises (SMEs) as a object, on the basic of questionnaires and key case investigation, proceeding from the conditions of capital demands and financing configuration, it gives a profound analysis on actual operating state and achievement on financing system of Qingdao SME, and also propounds proposals on relieving the financing difficulties of SME within the present policies. Full report is divided into 4 parts.The first part: General analysis on financing difficulties of SME.For the SMEs, their small scale of assets, not transparent on accounting information, big uncertainty on dealing, less capability on standing economic impact from outside, brings them much difference on financing pattern with other big enterprises, mainly manifested as: inner financing as main channel, debt financing as main manner, short term capital as main financing term, financing form presents system appearance, capital demands are periodically and show characteristic of industry. There are two thoughts in academe of analysis on the financing difficulties of minor enterprise, one is oapital gap or equity capital gap, another is debt financing gap or debt capital financing gap, they expatiate profoundly on the intrinsic reason of financing difficulties of minor enterprise.The second part: Analysis on the financing channel of SME At present, the financing channels of Qingdao SMEs are composed of 4 parts: Enterprises raise the funds themselves, the channels of commercial banks, the organization provides guarantee and risk investment capital (government). By the questionnaires and statistical analysis on these 36 SME, this part analyzes on their configuration of capital demands in different stages, channels of getting external capital, the capability of getting external capital, effect of bank lending, effect of agency service, their evaluation on the financing difficulties.. .etc and at last it evolves 8 conclusionsThe third part: Cause of formation on financing difficulties of Qingdao SME.It is not isolated on the problems of financing difficulties for the SMEs. it has the reasons of financial system and also infection of factor from themselves as well as the policies of government. This part analyzes completely on the cause of formation of financing problems of SME in order to find the ways of settling financing problems, from four sides on factor from enterprise itself, managing mechanism of bank system. infection from policies of government and agency-service organization.The fourth part: The policies and suggestion on relieving the financing difficulties.This part concludes on present countermeasures on settling the financing difficulties of SME. and brings- forward pointed policies and suggestions by linking the condition of financing system of SME. Firstly the government should provide policies support from several ways. Secondly the function of guaranteed organization should be consummated and exerted, and the problems from guaranteeing works should be settled. Thirdly the financial system should strengthen the construction on the system of faithfulness and credit and reconstruct on product innovation and credit operating flow, at the same time it should expedite on constructing the minor finance system. Fourthly the managing levels of enterprises themselves and their payoff capability should be improved so that these enterprises can be provided a long-term and stable capital support from the commercial. & financial organization.