Smes And Small And Medium-sized Financial Institutions, Credit Research

Small and medium-sized enterprises play a significant role in the national economy. In recent years, China's SMEs develop rapidly both in quantity and quality. But SMEs face some difficult situation, such as a single financing channel, difficulty in financing, difficulty in getting guarantee. To a large extent, this has restricted the development of the SMEs. Based on analysis of the status of SMEs' credit financing, this paper gives a comprehensive analysis on the difficult of SMEs' credit financing, and analyzes the main cause of the credit difficulties by integrating theory with practice, which low credibility is usually induced by the information asymmetry and the shortage of mortgage loans. By analyzing the advantages and obstacles which exist in SMEs' credit financing, this paper puts forward several suggestions for this problem, such as improving the relationship lending, establishing a credit mode of multi-side participation and encouraging fully competitive market environment. The three countermeasures interconnect with each other, in which competitive market environment is the common base of relationship credit and credit model of multi-side participation. On the analysis of the relationship lending, this paper study the role that the relationship lending plays on solving the SMEs'financing problem from the perspective of social trust, and further analyze the advantage of the relationship lending in solving SMEs' credit financing, through the perspective of the multi-period game. Relational credit demand banking institutions keep long-term relationship with enterprises, in order to get all sorts of soft information, remedy the defects of enterprise financial information, overcome the pledged collateral inadequacy, it is necessary and of great significance. In addition to relationship lending, a reasonable credit risk scattered mechanism is an effective measures to help the SMEs get enough credit funds. This mechanism needs mutual participation and effort of guarantee agencies, regulators, insurance companies, small and medium-sized enterprises, small and medium sized financial institutions and other social parties.