The Financing Obstacles And Countermeasures Of SMES In Tai'an

As a new economic power, SMEs have become a collection of various contradictions about system changes and policy orientation. Along with the continuous deepening of reform and opening up, SMEs gradually become a major contributor to economic growth. Since reform and opening up, the private economy has been developed considerably. After the non-public economy 36 had been brought into effect by the State Council, the bottleneck of private economy in China has changed from the industry access restrictions into financing difficulties. Due to some factors constraints such as funding and so on, compared to the level of development that the private economy should be, there is still a considerable gap, financing difficulties has become into the key factor of control the development of the private economy. Speaking from the use of funds, the state-owned enterprises which have created 30% of the GDP had received 70% of the bank credit funds, but the non-state-owned enterprises which have created 70% of the GDP had gotten only 30% of the credit funds and about 10% of the loan amount.Both operating shortage of funds and unclear financing channels are unanimously plaguing SMEs. The formation of SMEs credit plight is a long-term process, not only there is a lack of institutional arrangements, also their own weaknesses restrict their financing methods and scale. Under the premise of the unsoundly credit system, the preferences and avoiding risks, and sound operation ideas of the state-owned commercial banks and other financial institutions in credit restrict the financing of the SMEs further. Building good credit environment, supporting the capital needs of SMEs in the policy and institutional level will play a substantive role in ease pressure on the flow of financial resources promoting of SMEs.In this paper, we combine the development of specific status of SMEs in Tai'an, taking the mode of financing and financing obstacles as the breakthrough point, analyzing the reasons in the quality of SMEs, financing channels, the capital market, indirect financing system and direct financing system, and many aspect of causing difficulties in financing for SMEs. Against perfect mode of financing, from the system level, we also analyze the property bound of state-owned commercial banks binding on the, and discuss the dislocation of financial institutions products and the demand for SMEs. Against financing obstacles, we proposed some measures in response, such as make bold use of "angel investment", constitute a sound financial policy to support private enterprise system, make financing channels omnidirectionally widen, develop a multi-level and multi-species capital markets, make further development and improvement of private enterprise credit guarantee system, and construct social services support system of SMEs financing.