The Research Of The Countermeasures On The Finance Of Small And Medium-sized Firms In Hai Nan Provinde Of China

In the problems now troubling small and medium-sized enterprises (SMEs) in Hainan Province, the predicament on financing is the most serious one that impact stable and sustainable development of the SMEs, and it has become the bottleneck of the SMEs in its developping.In order to solve this problem, the SMEs in Hainan Province have carried out their own active exploration , as well as the financial institutions and government agencies have issued a series of initiatives aimed at promoting the financing process of SMEs in Hainan Province, however, with a little effect, these exploration and initiatives are difficult to give satisfactory results.What kind of approaches can effectively make the SMEs in Hainan Province get rid of the predicament on financing is the purpose of this paper.Based on the collection and analysis in the relevant literature, and the interview to the responsible persons in Representative commercial banks and SMEs of Hainan Province, this paper comes to a dicision at the following six characteristics to draw the current actuality on SMEs financing in Hainan Province: First, demand for capital. Second, the financing channels are narrow . Third, the financing ways are single and immature.Fourth, there is a serious polarization in financing between various SMEs. Fifth, the subjectivity of SMEs in the financing process are lacked. Sixth, the financial support system for SMEs is not established.Compared these six characteristics on SMEs financing in Hainan Province to the preformance of the SMEs financing in other areas studied by scholars ,this paper comes to a dicision at the following five principle to solve the current predicament on SMEs financing in Hainan Province: First, the principle of Subjectivity. Second, the principle of integrative. Third, the principle of development.Fourth, the principle of innovation; Fifth, the principle of predictability.Finally, this paper get such countermeasures to solve the current predicament on SMEs financing in Hainan Province as follows: First, from the SMEs: 1, improve the management level. 2, improve the level of business credit on own initiative.3, broaden the financing channels for enterprises. Second, from the financial institutions: 1, develop one scientific credit rating system for the SMEs. 2, a set up one reasonable credit management institution for the SMEs. 3, set up the new type means of business financing to fit the SMEs. 4, improve the financial services levels. Third, from the Government : 1, Standardize the market order, and create a good financing environment for the SMEs. 2, Establish the credit guarantee for the SMEs. 3,Broaden the financing channels for the SMEs. 4, Establish the specifical policy banks for the SMEs. 5, Establish and improve the relevant laws and regulations.