Study On Effective Methods Of SMEs' Financing By The Innovation Of The Financial Products

It is being widerly acknowledged that the Small and Medium-sized Enterprises (hereiafter referred to as "SMEs") are playing an important role in economic development. At the same time, the problem of financing has become more severe when they develop.From analysing the financing status of SMEs in China,and positive analysis of Nanchang High-tech Zone, the author keeps commercial banks conducts in SMEs financing as focused analysis by Game Theory. The antinomy between asymmetric informations, security that difficult to fullfil collaterally and the lack of innovation of banking products has become the contradictive focus between SMEs and banks. And this directly leds to the problem of financing.Considered that the above problems are widely existed and can not be solved in a short time, the author pointed out that it is a more practical approach that innovating financial products and designing financing options to meet the needs of the development of SMEs. There is a specific briefing for two innovative products "Supply Chain Financing" and "Loan of Right to Choose ".The full text is divided into five parts, the first part is the introduction of this study on the background and significance; the second part is the outline of SMEs financing theory; the third part is a specific analysis of the financing of SMEs in China, the financing channels for SMEs and the financing characteristics; and focused on the country's commercial banks of the support for SMEs; in the forth part, the author points out the reasons of difficult for SMEs' financing through positive analysis SMEs financing in Nanchang High-tech Zone; the author insists that the innovation of financial products is the effective way to ease the current bottlenecks of SMEs financing problem in the fifth part.