Study Of Sme Financing In China

It is a world subject to promote the development of small and medium-sized enterprises. This is because small and medium-sized enterprises have irreplaceable function in national economy and social life of reality, no matter in developed counties or developing countries. small and medium-sized enterprises are all in absolute predominance on quantity in any country or region, the more important thing is they have offered over half of the employment opportunities, created quite a few of national wealth, and have extremely strong innovation ability. Realizing the role of small and medium-sized enterprises in economic developing, the theory field and policy maker pay much attention to the very question —the financing difficulty in the process of developing day by day.This text has reviewed in detail the financing theory of corporate, aimed at offering the theoretical foundation for the real example analysis; To the financing mode of small and medium-sized enterprises of U.S.A. and Japan morality , probe into its financing way and government's behavior in term of comparing in world, point out the reference function to our country, propose our country's present enterprise financing mode should be by " finance for the main fact indirectly. the direct financing is in order to complement ", develop and perfect the direct financing and pay attention to the coordination and cooperation between the two properly, but from saying for a long time , need to set up the market economy environment of a free competition after all, consult U.S.A.'s mode, realize multi-channel financing.This text thinks to the current situation of financing of small and medium-sized enterprises of our country and existing problem the reason why the financing difficulty of small and medium-sized enterprises of our country produced and has already had a generality question, namely information asymmetry and risk question of the morals explained in terms of theory, there is a special problem under a specific market environment of our country. So. it is a comprehensive social engineering to propose solving the financing problem of small and medium-sized enterprises of our country. in this project . need symmetrical efforts of the enterprise . bank . government namely domestic and foreign factor of enterprise. Based on financing theory , propose the method of thinking that small and medium-sized enterprises optimize the structure of financing to the factor inside enterprises, point out and perfect the medium and small enterprise-like corporation that manages the importance to solve financing problem, so small and medium-sized enterprises should strengthen the company to manage , the financing channel to enterprises, in order to draw lessons from comparatively deep excellent scarce analysis with the financing theory at the same time, in order to find out the financing tactics suitable for small and medium-sized enterprises. To enterprise's external environmental factor. have explained through the model that the silver enterprise played chess that introduces the method of thinking that solves the information asvmmetry hardof outside, namely support the reform with the financial institution to optimize enterprise's outside financing environment with the government policy, focal point is it accelerate the construction of credit assurance system to lie in and agreement type , setting-up of silver enterprise host banking system is it restrain small and medium-sized enterprises behavior to come, in order to solve the information asymmetry problem. In addition, it is the medium and small corporate finance service to propose setting up and amplify the medium and small-scale financial institution.