Legal Analysis Of The Financing Problems Of SMEs

At present the number of SMEs in China is more than10,000,000households, accounting for99%of the sum of the enterprises, Small and medium-sized enterprises contributed60%of GDP in China,50%tax and80%of urban employment. Small and medium enterprises to promote economic growth in the increasingly prominent play a decisive role in economic development. Wenzhou economy since China’s reform policy, Wenzhou SMEs in promoting regional economic development, increasing employment, plays a prominent role in the maintenance of social stability and unity. However, with the development and evolution of the2011Wenzhou small business owners fled event, exposed the financing difficulty of SMEs in Wenzhou, Wenzhou unique folk financing system due to the lack of legal norms, making a large number of hot money influx of non-production industry, the industry and capital risk, legal dispute continuously.In the severe international, domestic financial background, Analysis the financing difficulties of SMEs, need to research the financing structure of small and medium-sized enterprises of Wenzhou. Wenzhou SME financing is a kind of formal finance in the modern banking industry with the private lending market unique two coexisting structure. So it needs two aspects from the formal financial channels and borrowing the present situation and the existing problems to analyze the reasons of the financing difficulties of enterprises. Then, make a definite object in view to forward countermeasures to solve the difficulties of financing of SMEs. That is to improve their overall quality, promote the transformation and upgrading of the industrial structure, deepening financial reform and institutional innovation, the construction of legal system and government services.