Study Of The Financing Channels For Smes

Small and medium sized enterprises are playing an important role in Chinanational economy and contributing a lot to enlarging employment in cities and townsas well as promoting development of national economy. However, because ofinsufficient financing, at present development of small and medium sized enterprisesis generally blocked. This paper focus on analysis of financing obstacles of small andmedium sized enterprises, and bring about solutions to overcoming obstacles.This paper includes four parts below:Part one, explanation of topic. The author defines the concepts of �'mall andmedium sized enterprises?and 揻inancing? so as to make study scope of this paperclear.Part two, analysis of financing channels small and medium sized enterprises canacquire.Part three, study of current status and main obstacles of small and medium sizedenterprises?financing. This paper indicates at present small and medium sizedenterprises?financing problem is very popular, and this problem severely blocks itsprompt development. Now its main financing obstacles are lack of complete financingIIguarantee system, incomplete venture-investing system, discrepancy between statepolicies and organs regarding small and medium sized enterprises, and the need of itsdevelopment.In part four, the author brings about solutions to overcoming obstacles andwidening financing channels. Namely, erecting credit guarantee organ for small andmedium sized enterprises, absorbing experience abroad as well as building andcompleting venture capital market to 搕ransfuse blood ?to small and medium sizedenterprises, stepping erection of the second security market and completingconstruction and exit system of venture capital market.