A Research On Route And Mechanism For Financing Of Minor Enterprises

With the finance of our country ’s rapid economic development, the economic structure to acertain extent, also produced very big change, small and medium enterprises during this period has been agreat historical opportunity for development. Small and medium-sized enterprises in China’s economic andsocial stability plays in the play an indispensable role, is the economic development and social stability ofthe important pillars, is the effective strength of economic structure transition. With the rapid developmentof our economy, small and medium enterprises in the change of economic structure in the greatdevelopment opportunities, small and medium-sized enterprises have made big progress, the present smalland medium-sized enterprises have become the economic development and social stability of the importantpillars of the national economy, the development process plays an important role, but also in improving theeconomic structure, to promote the market economy, the development of the local economy, maintain socialstability and increase finance income, enlarge social obtain employment has played an irreplaceable role.With the growth of innovative small and medium enterprises in a country (area) economy into innovationdrive phase, to sustainable economic growth has played an enormous role in promoting, therefore, thedevelopment of small and medium-sized enterprises become stable and rapid development of nationaleconomy and promote the people’s livelihood and social stability of the solid foundation and a greatstrategic task. But for the present our country small and medium-sized enterprise in some aspects, but thereare some problems, the development of small and medium-sized enterprises financing difficult to becomeone of the important problems, the development of small and medium-sized enterprises are still facingvarious resource constraint and system obstacle, small and medium enterprises in the short-term survivalenvironment may not be changed quickly. Aiming at this problem, the governments of all countries to thesmall and medium-sized enterprise development related to the development of small and medium-sizedenterprises preferential policies.For small and medium enterprises and said, whether you are an angel investment, risk investment,government funds, bank loans and other financing channels, as long as they can make them obtaincorporate citizens needed funds, their" angel" is the investment. At the same time, our country small and medium-sized enterprise development, access to financial resources in their social development andnational economy’s status is very disproportionate. Restricting the development of SMEs and theoutstanding problem is financing difficult, as we all know, the development of small and medium-sizedenterprises the greatest problem is the financing difficulty, this has become restricts the small and medium-sized enterprise development a serious bottleneck. On the other hand, at the same time, also received a newchallenge. Therefore, how to build from the outside to promote the small and medium-sized enterprisedevelopment system, to help SMEs to get the financial resources, become each country government andacademic research. This article through to the present our country development in financing systemresearch, and unifies our country at present small and medium-sized enterprise financing present situation,study our country small and medium-sized enterprise financing path selection, and put forward thedevelopment and Improvement Countermeasures of win.Study found that the financing dilemma of small and medium-sized enterprises the status of smalland medium-sized enterprises:1, narrow financing channel basically relies on bank loan;2, the SME loanbank loans accounted for the proportion of amount is small, and the coverage is low;3, the financing ofsmall and medium-sized enterprises lack of long-term stability. The problems and the reasons analysis: itsreason mainly includes two parts, namely, the external environment and internal factors, externalenvironment factors are:1, the small and medium-sized enterprise credit guarantee system is not perfect;2,the commercial bank to the small and medium-sized enterprise management philosophy and principles;3,the government ’s support to small and medium-sized enterprises, management is not enough;4, the bankingfinancial system structure is not perfect. The factors mainly include: financial management of small andmedium enterprises and accounting information problems, the small and medium-sized enterprise businessbenefit is low, the small and medium-sized enterprise information basically is opaque, internalization, goodfaith consciousness is poor, the idea is thin, and other business customers compared to their loss, defaultrate is high, and the escape of bank debt phenomenon and so on. To the small and medium-sized enterprisetraditional financing mechanism and the reasons of defects for research and analysis, concluded:1, thesmall and medium-sized enterprise high risk of commercial and financial institutions" three principles " thecontradiction between;2, information asymmetry and lead to adverse selection and moral risk3, directfinancing system remains to be perfect;4, high the cost of financing constraints SME financing ability. In the light of the existing problems, to improve the financing channels for small and medium-sizedenterprises and the countermeasure of the mechanism, namely:1, the establishment of specialized SMEsfinancial institutions;2, strengthen the credit guarantee system for SMEs to improve;3, using financialengineering to financial tools innovation (use of financial engineering on indirect financing and directfinancing tool tool innovation);4, reform financing system, make the credit guarantee specialization.