Research On The Financing Ways And Efficiency Of SMEs In China

SMEs played a very important role in the development of national economy. But in its growth process is also faced with many difficulties, especially in 2008, the U.S. sub prime mortgage crisis triggered a global recession, led to some export-oriented small and medium enterprises survive the operation and development suffered severe blow. Therefore, how to help solve the financial difficulties of SMEs, make them to healthy growth, especially in how to effectively solve the financing dilemma, remove financing barriers and improve financing efficiency is a society facing a great challenge and urgent task.Funding is important for any business survival and development, it is a kernel driver for the enterprise, and the financing process throughout the entire enterprise operation and development. Financing process includes not only the integration of capital, and capital utilization, but also corporate governance structure on the financing of efficiency, to measure whether the lowest cost and risk capital into the business, and work to bring the greatest benefits.This paper describes the financing way of SMEs, financing channels and the situation, and further discussion of the reasons for the difficulties of SME financing from the commercial banks, SMEs themselves and the Government's. The key part of the paper is to draw a conclusion of the comprehensive evaluation of the efficiency of SME financing; turn to the domestic SME sample of listed companies for the study, obtained the financing of Empirical efficiency analysis; final results of the perfection of this multi-level capital market. Expanding corporate finance channels offer some suggestions.