Research On The Financing Problems And Strategies Of The Small And Medium-sized Enterprises

The small and medium-sized enterprises (SMEs) in our country have important strength in our national economy, with the gradual establishment of the socialist market economy system, they will also demonstrate their pivotal status day by day . For the moment, the greatest problem which the SMEs face are the difficulty in financing. Therefore, under this special background, anglicizing the financing problem in the SMEs scientifically and combining other countries' experience simultaneously, while studying the key to the financing difficulty in the SMEs will achieve dual significances both in theory and practice.This paper divided into four parts according to gradual advance. The first department is the commentary of correlation theories both domestic and overseas, introducing the correlation theories overseas and the related viewpoint domestic mainly. The second department mainly analysis the three reasons of the financing difficulty in the SMEs: firstly, the reason in the SMEs, their own insufficient in operation management and repaying the loan; secondly, the reason comes from the system and the management in bank, the state-owned commercial bank locate their market in the major state-owned industries with high-income which called monopoly performance of the financial resources, but to the SMEs, they have the universal psychology of discrimination and refusing to provide a loan ;thirdly, the slowly development in the market of intermediary financing and stockholder's rights financing have little function to the financing of the SMEs. The third part summarize the experiences on financing problem in US and other countries and gets two enlightenments to our country: firstly, enlarge the support of the government, displays its function of public service; secondly, perfect the social credit guarantee system. The fourth part proposes the main solution to the difficult in finance in the SMEs: firstly, the SMEs must strengthen the financial control, perfect the financial system, enhance the management level and develop the ability both in financing and investment; secondly, they must carry on the financial innovation, bring the small financial organization into play; thirdly, financing tenancy for the SMEs should be expanded, which will answer the purpose for rebuilding technological and renewing the fixed asset in the SMEs for they are very difficult to obtain financing from the commercial bank; fourthly, financing from folk also should be developed moderately, because it is an important channel for the SMEs to obtain the fund, but it also has some malpractices, therefore we must treat it prudently.The financing problem in the SMEs is a worldwide difficulty, speaking of our country, paying more attention to and strengthening this aspect appears more urgent and real. Scholars are inquiring about it diligently and continuously both in theory and practice. With limitation in theory foundation and research ability, I only can make a shallow discussion on this question, with self-knowledge; this paper has many faulty waiting for the consummation.