A Study Of Constructing A Multi-Financing Service System For Beijing Small And Medium-sized Enterprises

Recently years, Beijing Small and Medium-sized Enterprises (SMEs) have been vigorous developed and amounted up to 300 thousands by the end of year 2006. SMEs have become important force for increasing economic output, providing employment opportunity, enhancing financial revenue, promoting science and technology innovation, improving service, constructing harmonious society, and urging politics as well as the economical, cultural and the social development. However, restricted by their own development characteristic and limited financing service system,a well and rapid development of Beijing's SMEs is serious held back by existing financing difficultThis study is in relationship to author's working experience and thoughts based on how The Beijing Municipal Development and Reform Commission SMEs department solve problems of financing difficulties for Beijing SMEs. Author objectively induced and summarized functions of Beijing SMEs in the Beijing politics, the economical, cultural, and the social development. Based on the Beijing SMEs financing current situations and the existing questions, and also based on analyzing experiences and lessons of constructing a sound financing service system from domestic as well as oversea practice, taking into consideration of financing demand characteristic and financing ways of different development phase with respect to relevant laws and requirements of ,the author drew following sensible suggestions:"the use of domestic and overseas two markets, the intergration of government and social two resources, built SMEs direct financing and indirect financing platform, constructing financing multi-dimensional service system according to the demand of each development phase of SMEs".The competent department of Beijing SMEs has provided more financial supports for growth and development of SMEs; established an evolving system for SMEs through directly issuing and listing their securities in financial markets; expanded a green path of indirect financing for SMEs with a speedy approval procedure for their business loans; and also Set up new financing pattern of shareholder rights via venture investment in cross regional merger and acquisition projects. Above financing channels of SMEs form a multi-element financing service system with a strong characteristic of Beijing, which have relieved substantial contradictions of financing difficulties during development of SMEs. Beijing has explored and deciphered a workable path for handling so called"Goldbach Conjecture"financing problem of SMEs.