On The Unbalanced Financing Structure Of Small And Medium-sized Enterprise In China

In the real economy of today's society, no matter in developed countries or in developing countries, small and medium-sized enterprises play an unignorable role to promote the national economy. This makes the development of small and medium-sized enterprises become a worldwide topic today. The consequential financing difficulty of small and medium-sized enterprises also becomes a common problem of all countries in the world. Financing problems, according to different conditions in different countries, have different types of performance. In China it acts as financing structure imbalance. Study of financing structure in China helps solving the unbalance problem of SME financing.Using Marxist theory accompany with modern western theory of financing structure to analysis the unbalance problem of financing structure in China, makes the theoretical analysis more perfect, more convincing. Use Marx's theory of capital accumulation to analyze endogenous financing; based on Marx's theories of capital centralization and credit to expound the foreign financing of enterprise; and use modern western theory of financing structure to analyze the influence factors of financing structure. Take advantage of the experience of foreign countries with small and medium-sized enterprise more maturely developed, to provide a perceptual reference standard for our country in solving realistic problems.According to the theoretical basis established by the theoretical analysis and the reference standards provided by the experience analysis, using the typical representative of small and medium-sized enterprises, small and medium-sized enterprises listed on SMEs board, as samples, process regression analysis to several indexes, in purpose of fully revealing the crucial factor that effect the financing structure of small and medium-sized enterprises in China. And based on this, this paper discusses the rationalization of financing structure of the small and medium-sized enterprises in China.According to root of the problem revealed by the theoretical analysis, empirical analysis and empirical research, in combination with the actual situation in China, the SME financing structure optimization policy recommendations are proposed. From the aspects of government, financial environment, credit environment and microcosmic, this paper puts forward a lot of practical Suggestions.