Qingdao Sme Financing Obstacles And Countermeasures

This paper starts from the status and roles of SMEs, and then makes a full analysis on the difficulty of financing of SMEs, pointing out its five specific reflections in Qingdao: most SMEs fail to obtain loans from banks, their lack of confidence of obtaining loans; lack of attention from banks to guarantee companies which cannot get approval of banks; venture investment of SMEs develops slowly; direct financing ratio of private enterprises is too low. With regard to the above problems, this paper attempts to analyze the cause of difficulty in financing of SMEs from six aspects. That is , the loaning mechanism of banks to SMEs cannot adapt to market demand; the enterprises do not have guarantees; lagging credit system of enterprises; deficient development of guarantee market; unsmooth channel for direct financing; lack of elements of start-up investment, imperfect capital retreating mechanism.this paper, by meriting domestic and foreign experience, put forwards some measures and proposals for the solving the financing difficulty of SMEs in Qingdao: rigorously implementing a series of state laws, regulations and policy, having a clear mind, guiding in categories, and widening financing channels in an all-round manner; establishing and improving impetus mechanism of service institutions for financing of SMEs, guiding and encouraging banks and other financing service institutions to open mind, accelerate innovation, and setting up new mechanism for loaning of SMEs as soon as possible; accelerating the establishment of SMEs credit guarantee system; innovating financing means by promoting the development of starting up investment, speeding up capital market system and widening financing channels; standardizing grassroots loaning; integrating credit and information resources, and speeding up credit system construction of SMEs; by strengthening coordination, creating service platforms like SMES strategic union, forming a concentrated force for guiding financing, easing financing difficulty so as to promote SMEs' development.