A Study On The Status And Influencing Factors Of High-Technology Industrial Spatial Agglomeration In China

During the progress of state's Eleventh Five-year plan for National Economy and the rising of the new economical transitional and reconstructive period in the central China, small and medium-sized enterprises (SME) have already become one of the core force which are promoting the sustained development of the national economy. However, their developments are also facing the tremendous financing difficult position. Due to the imperfections of direct financing system and commission investment system, on one hand, the development of SME need a great deal of capital. On the other hand, huge social capitals are only confined to banks and individuals, so that they build up the liquidity surplus. In order to resolve the financing structural contradiction, it is necessary to serve SME through the financing innovation and the construction of the diversifying financial system which adapts to our national conditionUnder above-mentioned economic background, based on the western financing theory, this paper analyzes the financing theory of small and medium-sized enterprises (SME) from the financing subject, the financing mode, the financing structure and the financial system, and it provides the theory basis for the financing of SME in our country. After the exposition of the present situation of the financing in SME, the paper reaches the conclusion that under the same economic policy environment, the market operation rules and external environmental factors differently impact on the financing.By using the methods of induction and comparison, analyzing those factors that restrict the financing of small and mid-sized businesses, proposals are put forward to diminish the difficulty of businesses' financing. The proposals are as following: 1. perfect direct financing system and promote multi-layer capital market ; 2. promote the construction of financial body system which especially serve for SME ; 3. actively accept the financing innovation of SME 4. perfect the policy supporting system by analyzing such elements as risk pricing, financing cost, finance system structure and government that affect the choice of financing modes, reasonable suggestion are made, which play a very realistic role in speeding up the operation of non-state-owned enterprises establish a stable economic environment.