Research On Financing Problems Of Small And Medium-sized Enterprises

With developing of our country's economy and deepening of reform, the problem of Chinese SME's finance has aroused more and more concern, there are two main reasons: on the one hand, the development of SMEs has become motive force of sustaining national economic sustained growth and important foundation of society stability; on the other hand, the further development of SMEs is landing oneself in more and more serious predicament, especially the question of finance difficulty has become the most impediment to fetter SMEs growth. So analyzing financing predicament and origin cause that SMEs face, and probing the effective ways of alleviating the financing predicament, have a very important therortic and realistic meaning.SME's financing difficulty is not only because of its internal factors but also because of the financial environment is not perfect and our imperfect legal system and other external factors. Internal factors mainly in the following areas: The administration structure of SMEs is unstandard, the ownership is not obvious; the financing system is imperfect, the credit is not good; the ways of management is not advanced, the financial concept is old-fashioned; the industrial structure is not suitable, the level of organization is low. Its external factors mainly in the following areas: First, risk investment is not enough, Second board market has been built for short time and need to be make perfect, bond market has strictly permitting condition, Private financing market need to be make standard, so the direct financing system is not perfect. Then, It is lack of the policy bank serving for SMEs, Small banks have not enough quantity, bank's support for SME is not enought, non-bank financial institutions start late, so the indirect financing system is not perfect.finally, financing service supporting system and legal system are still not perfect.By analyzing the profound reason of small and medium-sized enterprise's financing difficulty, and draw lessons from the United States, Japan, South Korea, the dissertation believe: Solving the financing predicament of SMEs of our country should proceed with two respects: first, strengthen their quality. then, establish t financing system of SMEs , combining the current situation of our country,include direct financing system, indirect financing system, financing supporting system, financing legal system.