Policy-Oriented Finance And Financing Countermeasures Research Of Mid-And Small-Scale Enterprise

At present, many countries and regions established policy loaning institutions for supporting financing of Mid- and small-scale enterprise, forms as follows: Firstly, policy loaning institutions appears in the form of government, such as USA Mid- and small-scale Enterprise Bureau and British Servicing for Small Enterprise Bureau. USA Mid- and small-scale Enterprise Bureau is an official institute, and it not only manages Mid- and small-scale enterprise, but also handles policy financing of Mid- and small-scale enterprise; British Servicing for Small Enterprise Bureau was established on April, 2004, which inherited and took over loaning programs built by British government for supporting Mid- and small-scale enterprise. Secondly, policy loaning institutions appears in the form of policy bank, such as Japan established Central Treasury combined by business and labor in 1936, and formed National Financing Pool and Financing Pool of Mid- and small-scale Enterprise in 1949,1953 respectively, which considered loaning of Mid- and small-scale enterprises as object of service. Thirdly, policy loaning institutions appears in the form of fund, such as British Phoenix Fund, Prince Fund and European Construction Fund from European Union, its major function is offering loans for poor areas and development of unemployed youth.However, most development banks do not provide financial services more effectively on supporting development of Mid- and small-scale enterprise. But KFW (Kreditanstalt Fuer Wiederaufbau Bankgruppen), DBJ(Development Bank of Japan) and KDB (Korea Development Bank) are successful exceptions. Why could these policy banks make success comparatively? Their experience is very useful for Chinese institutions to develop supporting finance of Mid- and small-scale enterprise. China Development Bank is a development-oriented financial institution of our country. Recently China Development Bank explored development-oriented financial theory in practice, which combined organization advantage of government and financing advantage of CDB to perfect our country's system damage and market damage, then it achieved good results and realized objects of Government through cultivating market and developing market. Leading in the development and cultivation of CDB, traditional key fields of infrastructure, and basic and pillar industries which financing institute didn't want to enter at past, but now which are competitive fields of financing institute; Infrastructure construction bottleneck is alleviated greatly. At present, Mid- and small-scale enterprise is hot problem and new bottleneck during period of constructing a well-off society. In situation of commercial bank having not will to take part in this field, Getting through financing channels for Mid- and small-scale enterprise needs development-oriented financial theory. This paper was based on difficulties of financing for Mid- and small-scale enterprise, and learned from advanced experience of foreign counties, then proposed supporting financing for Mid- and small-scale enterprise by development-oriented financial advantage.