The Study And Cases Analysis Of Financing By Equipments For The Small And Medium Enterprises

Over twenty years later of Chinese Reform and Open, Chinese economy have changed a lot, but the present finance system still have not give a resolution to the small and medium enterprises (SMEs). The finance industrial even have mot a correct definition for the SMEs and the financing for the SMEs. The problem of "short time money for long term investment" by the common loan results to financial crisis of many enterprises year by year. Those big state-owned companies occupied large state source but poor efficiency. The SMEs are ignored by the policies for a long time, while they are the source of activities of our economy. Generally, they SMEs have pretty good operating modules. The operating can generate much cash flow for them. They are not anxious to purchase the buildings and lands. Their biggest requirement is financing for the expensive machine equipments. For many years unfair treatment on finance and the big requirement of the SMEs, I select the financing for the SMEs by the equipments as my direction of study.Firstly the thesis introduced the importance and the problem on financing for SMEs. After the conceptions of intention and extension of financing by equipments, it introduced the key importance of financing by equipments. It also introduced the steps and methods of credit analysis, and the content on micro, industrial or macro.Financing by equipments include three methods: Finance leasing, equipment mortgage loan and equipments installments between enterprises. It compared the three ways and analyzed them. On the base, It also introduced the major channel of financing by equipments, and other financing methods, like venture capital and growth enterprises markets.This thesis analyzed the problem by cases. It introduced the basic factors in the design of resolution of the financing by equipments. In a real case it illustrated the whole process from the investigation, reports collection, credit analysis and resolution design. The case go through all the illustration.At last, the thesis summarized the above, and gave the suggestion on improvement in the future.The author of this thesis is engaged in the business of IPO and financing for the SMEs by equipments. Especially, have enough experiences on the latter. He always keep close contact with almost all the channels in domestic, and also, have visited a large number of customers. In fact, this thesis is a summary of these years' experiences. Hope the industrial would be benefit from it.