On The Establishment And Improvement Of Sme Financial Service System

With the constant development and improvement of China's socialist market economy, China's small and medium-sized enterprises (hereinafter referred to as SMEs) ? which play an essential role in keeping the national economy developing in a continual, fast and healthy way, in meeting social demands, in optimizing industrial structures and in promoting technological innovations and creating employment opportunities, are in rapid growth. The financing difficulty of SMEs, especially those private ones, however, has already become the bottleneck for further development. Therefore, to establish an effective financial service system for them makes sense well.Through analyzing the current financing plight of SMEs and the in-depth causes, the thesis examines how to set up the financial service system of SMEs suitable for China's actual conditions. A large amount of concrete data in the thesis contribute much to the analysis of the current situation of China's SMEs and the conclusion—the role of China's SMEs in China's evolutionary reform is getting greater and stronger than before.The thesis, then, continues to analyze the current financing situation and the problems of China's SMEs. The increasingly important role of SMEs in China's evolutionary reform means that their demand for fund is more urgent than ever. The lack of the access of SMEs to rational funds makes financing a primary problem troubling and restraining SMEs' further development, which may mainly result from the insufficient credit aid from banks, the imperfect system of direct financing, the imperfect credit assurance system, and other unsound financing channels, the credit system or adverse credit environment.This thesis compares with the situations of developed countries form such aspects as the commercial banks, direct financing markets, credit guarantee backup system, government funds and policy-related financing. The lessons drawn from the financial support of foreign countries to the development of SMEs helps to set upand perfect the supporting system of policy for SMEs' development as soon as possible, and also helps to set up the financial service system which is favorable to SMEs' development and create the sound financial environment. These will undoubtedly accumulate essential experiences and offer helpful inspiration. Our country can absorb some typical methods of Great Britain and America at present to set up and perfect the financial service system for SMEs constantly.In view of this, the thesis concludes to establish the financial service system for China's SMEs mainly from the following three levels, i.e. the equity financing system, the debt financing system and the service system of managing money matters. The equity financing system of SMEs will not merely remedy the equity financing shortfall of SMEs; the more important is to actualize the encouragement effect and restraint effect of equity to the SMEs' administration behaviors through the financial arrangement which can make equity utility in full play; The key to perfect the debt financing system of SMEs is to enable the debt financing system and mechanism to deal with "soft information" of SMEs and to take precautions against financing risks, and also enables the SMEs to escape from the weak financing position. The service system of managing money matters of SMEs can not only promote the transparency of information and credibility, but also improve the financing efficiency of SMEs.This thesis holds that the SMEs of our country are critical to national economy and social development, and our government should realize the urgency to set up and perfect the financial service system of SMEs fully and make it come true as soon as possible, In view of the current situation of the development of China's SMEs, it is of priority and special necessity and urgency to set up and perfect the financial service system of SMEs; anyway, the financial service system of SMEs which accords with the national conditions of our country provides the basic assurance of the sustainable development of China's SMEs.