| Theoretical research and empirical studies around the world show that Small and Medium-sized Enterprises'(SMEs) development is one of the important means for solving the increasingly serious employment problems and developing the national economy. Since Chongqing became China's the fourth municipalities and the central authorities on the implementation of the strategy of developing the western region, especially the "PRC SMES Promotion Law" was promulgated on June 29, 2002, Chongqing Municipality has been made great development of SMEs. To promote the development of small and medium-sized enterprises in Chongqing Municipality has become a formidable task for promoting rapid economic growth, increasing employment, maintaining social stability and promoting modernization.The project investment is one of most important contents in the modern economic life, and the enterprise as the most main investment body takes the more and more important part in the entire investment system. The investment also is the fountain-head of the enterprise's further development. So the project reasonable investment is very important to an enterprise's development. Similarly, the project investment is the continual and stable development foundation of the mid- and small-scale enterprise, is the essential method of expanded reproduction, and also is the important way which the value of the mid- and small-scale enterprise raises in value.The dissertation takes the management theory of investment project, the enterprise investment study and the economic theory as the logical beginning, and takes the project investment of the SMEs as the spot. Basing on the project investment questions exposed in systematic and thorough inspection to SMEs in Chongqing development and the present situation of project investment, this dissertation has done the analysis research to Chongqing's SMEs from aspects of legal safeguard, project choice, financing environment, project management, project risk management and so on. I think that the project investment of Chongqing's SMEs has already obtained certain achievement, but also has some problems in the investment process. Problems mainly displays in: (1) The investment direction is not clear and the investment organization level is low; (2) The project innovation ability of the SMEs invests is insufficient; (3) The project investment benefit is not high; (4) The enterprise credit is bad and the project financing receives restriction. The reasons mainly are: (1) The macroscopic aspects:①The legal safeguard system is not perfect;②Exterior financing environment is bad;③Government supervising and managing does not arrive and lacks the effective supervising and managing measure;④Lacks facilitating agency in financing which serves for mid- and small-scale enterprise financing. (2)The microscopic aspects displays in: (1) The project management level of the mid-and small-scale enterprise is low;②The higher level project managerial talent is deficient;③The project feasibility study is taken to be insufficient.Basing on the system analysis of the project investment's problems and the reason of the Chongqing's SMEs, This thesis propose the following specific measures:On macroscopic:①Make and perfect the related law and regulations, create the advantageous external environment for Chongqing's SMEs;②Build the good financing environment for the SMEs;③Speed up the shift of the government functions, and optimize the investment structure of the SMEs;④Devotes to the SMEs's technology advancement, and enhance the project investment's innovation ability;⑤Perfect the supervising and managing organization, and enhance comprehensive quality of supervisors and managers.On microscopic:①Be explicit about the direction of the enterprise to invest, and establish the enterprise's investing strategy;②Perfect the internal management system of the SMEs, and advance the enterprise interior financing ability;③Carry on measures of the management innovation, and promote the project management level of the Chongqing's SMEs;④Emphasis the risk management of the project investment, and advance the enterprise own anti- risk ability. |