Research On The SME Financing In Wenzhou

As an important constituent in any national market economy development, The small and medium-sized enterprises in accordance with their own flexible development advantages, effectively overcomes the inadequate that the large enterprises excessive development, lack of competition in the market. In our country, on one hand, small and medium-sized enterprises regard economic growth as the booster, promoted technical innovation in the development and expansion of the foreign trade; on the other hand, as the stable social security, SME solve the serious employment problem effectively, so as to reduce unemployment brings the social unstable factors, made enormous contribution for our nation.However, Because of the influence comes from the manufacturing data system of ownership thinking and support large state-owned backbone enterprise idea more for a long time, small and medium-sized enterprises has always been the weak position of discrimination in China. Wenzhou small and medium enterprises as the reform of Chinese small and medium-sized enterprise in the recently thirty years, in recent years in the development process have encountered serious financial problem, the phenomenon that small business owners" run away " has aroused general concern from all walks of life, the folk capital market confusion phenomenon began to spread throughout the country. This paper studies the financing problems of SMEs in Wenzhou, which has important realistic significance to solve the development of small and medium-sized enterprises financing problems include other areas of small and medium enterprise financing problem research.Since the beginning of2006, individual small and medium-sized enterprises in Wenzhou appear certain financing pressure, now the financing predicament of small and medium-sized enterprises has become a common phenomenon in Wenzhou. Represented by banking financial financing amount is limited and the channel is not smooth, and private lending rate is too high, even higher than the margins, the financing of small and medium-sized enterprises invest a large amounts of money to the nonproductive segments, not only increased the risk of funds, also brought the industry hollow consequences. Wenzhou small and medium sized enterprises financing dilemma caused by many reasons, because it is extroversion economy, international economy environment deterioration directly have the serious influence in it, the domestic bank credit to small and medium-sized enterprises threshold limit as well as borrowing market mechanism not perfect also can influence the Wenzhou small and medium-sized enterprise financing behavior. Therefore, we should according to the actual situation in Wenzhou to solve the problem:first, build for Wenzhou small and medium enterprises industry guarantee financing mode, which should have the support of trade associations, and credit rating agencies as well as the risk assessment mechanism as the flanks of the functions of play, the regulatory mechanism should also be a certain specification; second, strengthen the formal the support of financial institutions, pay attention to the Bank of Wenzhou as the representative of the local financial institutions functions; third, advance Wenzhou capital market construction, play through the market-maker system in Wenzhou OTC market effect, accelerate Wenzhou small and medium-sized enterprises listing and financing the channel’s standards; fourth, improve the financing ability themselves, through the strengthening and perfecting of small and medium-sized enterprises’ system construction, improve the external financing environment.