SME's Financing And Relationship Lending

The thesis first introduces the international experience of SMEs' relationship lending. And then, the author uses datas from Wenzhou City Commercial Bank in Zhejiang Province to make an empirical study, which proves that the Chinese SMEs are under served financially. After that, the thesis sets up another regression model to analyze the existence of SMEs'relationship financing in China. The paper tests that the conclusions of overseas papers on relationship lending are also correct with China's practice, and concludes that there is not mature SMEs' relationship financing institution in China at present, while some relationship factor does work in current practices.This article is divided into five sections. The first section presents some theoretical issues about SMEs' relationship lending. The second section introduces Chinese SMEs'financing difficulty and analyzes the causes. The advantages and disadvantages of relationship lending in SMEs'financing are discussed in the third section. The following section gives two empirical models, one is to...