Financing Channels For Smes

With the economic globally process acceleration and market competition gradually, the problem for the medium and small sized enterprises have become a world wide long-last problem. To know the position and function of the medium and small sized enterprises, wether in west prosper nation, new industrialization nation and region, or our country, all experienced a process from never enough pay attention to gradually deepening. There are a large quantity of the medium and small sized enterprise is a widespread esse phenomenon for does not dividing the region with developing stage, and is a inside request and inevitable outcome for economic develop, it is the precondition and term to support the market to compete the vitality, insure economy circulate stability, guarantee the premise divide the employment. Wether in the high degree prosperous of market economy nation or be placed in the developing country that system change , the medium and small sized enterprises already became the national economy's pillar, it can settle the foundation for the national economy continuously to expedite the development of the medium and small sized enterprises.It is a long-term and difficult important mission to expedite the development of the medium and small sized enterprises for the developing country or prosper the nation. Funds defect is a catholicity problem in all countries( region) 's process of the medium and small sized enterprise development. Because the funds is the first motivation and develop with keep on the motivation for the business enterprise, many countries and nations in the world pay attention to develop the financing channels for the medium and small sized enterprises, some nations form the medium and small sized enterprises' perfect financing support system after long time practice. Our country's financing channel smoothless is the most important factor for influence medium and small sized enterprise developing, and the " bottleneck" is most difficultly to breakthrough. The development of the medium and small sized enterprises is an important event related to our country's economy develop and the stabilize of society, it is reach common ground since 1998 in all levels of the government and people. The measurement to mend the financing condition and support the development of the medium and small sized enterprises is set by government and financing institution in the last few years continuously. But as a whole, it still lack a complete, stable support system and operate mechanism for the medium and small sized enterprises. Under this kind of background, it is necessary to investigate, summarize and understand the financing system of the medium and small sized enterprises of the west prosper nation, new industrialization nation and part of developing countries, in order to "make foreign things serve China", combination the measurement our country will soon adopt to mend the circumstances of medium and small sized enterprises, study how to perfect the financing support system of medium and small sized enterprises in our country further. The chapter 1 of this text make brief introduction of medium and small sized enterprises developping condition in our country, combining to analysis financing predicament of medium and small sized enterprises, point expatiate the problem of medium and small sized enterprises in our country, main proceeds with two aspects of direct financing and indirect financing elucidation: The mortgage guarantee loan to medium and small sized enterprises procedure complicacy, limit numerous, financing institution business operating of mechanism system restrict the credit input to the medium and small sized enterprises; The medium and small sized enterprises lack the channel and place to proceeding ownership of a share in direct financing, lack bond financing credit, did not become the diverse capital market and so forth of a series of problem. The chapter 2 of this text elucidation the medium and small sized enterprises of our country can absorb the oversea advanced experience; ad...