Financing Strategy Analysis Of Small And Medium-sized High-tech Enterprises With Informal Finance

Small and medium-sized enterprises are playing a more and more important roles in China's economic construction and social development, particularly small and medium-sized high-tech enterprises. Using their own advantages in technology and innovation, they transform scientific and technological achievements into productive forces. They also promote China's upgrade of industrial structure and strengthen the power in international competition. In the development of small and medium-sized high-tech enterprise, the biggest bottleneck is capital. So financing fast and low-costly is a major problem for small and medium-sized high-tech enterprises.In recent years, the informal finance of China has achieved great development As the supplementary of formal finance, informal finance offsets the shortage of supply in capital to the non-state-owned economic sector by formal financial institute. It has a good influence upon resolving small-medium enterprises' capital shortage and promotes the advance of private economy. The informal finance makes some contribution to China's economic growth in a certain degree.The formal financial institutions limit the loans to small and medium-sized high-tech enterprises and can not meet the demand of their capital requirement The informal finance has the advantages of convenience, simple, flexible. So in large measure, it can ease the financing of small and medium-sized high-tech enterprises. For small and medium-sized high-tech enterprises, there are different financial needs characteristics in development stages. According to these characteristics, small and medium-sized high-tech enterprises can use the most effective informal finance. Informal finance has become an important aspect of their fianacing.This paper firstly analysed the financial condition of small and medium-sized high-tech enterprises, including the difficulty and the reasons. And then made a detail analysis on the informal finance development in China. Finanly, according the different financial needs characteristics in their development stages, analysed different financial methods by using several types of informal finance.