The Research On Financing Problem For China's Privatized Small And Medium-Sized Enterprises

Since china's opening and reform policies were adopted,China's small and medium sized enterprises(SMEs) experience a long-termed growth. They have already become an important part of national economy, and a main force to support is rapid and continuous growth. However SMEs could not match its important role in the source problem of obtaining the funds needs for its development,SMEs finance problem is becoming the bottleneck that restrict the growth of SMEs,especially the privatized SMEs.It becomes a issue being shown much concern by the authorities,enterprises and scholars that how privatized SMEs do financing innovations to alleviate the plight of financing.This dissertation has a relatively intact viewing and deep discussing on the topic of the SMEs financing problem, clearly notion of SME has been defined. And a great amount of data and charts have been given to prove the importance of SMEs on our economic growth. Exerting the knowledge about enterprise fmancing,for example,the knowledge of contemporary western financing theories,the knowledge of monetary economics and finance,analyzed the present conditions of privatized SMEs financing. The shortage of capital which faces and ultimate cause with SMEs has been revealed considering with the constraint of immediate and mediate financing and with formal and informal financial market . Efficient policies for the supporting of SMEs financing have been analyzed.Finally, based on above analysis,proposals and countermeasures are put forward from three aspects.The government should set up a thoughtful legal system that eliminate prejudice on privatized SMEs;set up SME promotion agency;perfect the financial market system, and expand SMEs' financing channels; broaden the credit interests margins;set up social credit system;reduce taxation,et c.The FIS should change traditional ideas,provide financing facility,deepen the FIS'reform,rebuild enterprise systems, encourage product innovations, use foreign relationship credit practices for reference. The SMEs should boost up corporate diathesis,improve extenral financingc apacity with intenral finance as the core,be familiar the financial markets to find the most suitable financing channels.