The Research On The Financing Of Small And Medium Enterprises Based On The Perspective Of Financial Ecological Environment

As an important component of China’s economy, small and medium enterprises(SMEs)have contributed to promoting the country’s economic growth, increasing government revenue and providing job opportunities. However, in the background of complex macroeconomic environment and the sound of monetary policy, the living space of SMEs enterprise suffers extruding. Accounting for over99%of the total number of enterprises, SMEs only consume less than20%of the country’s financial resources. Credit adequacy is still in a low rate. The financing problems of SMEs appeared again. For these, researching their problems and giving solutions are theoretically and realistically important.In the past the research, most of studies are focus on enterprise’s own defects, mortgage difficulties and information asymmetry which is between banks and enterprises. However, financial ecological environment construction which is a kind of SMEs to improve financing is often neglected. The paper selects SMEs of LC city as the research object. The methods in the research are literature survey analysis, questionnaire analysis, case analysis and normative analysis.1、 In view of financial ecological environment, the paper points out that the financial ecological failure is the root of SMEs’ credit financing difficulty.2、 Using the newest datum, the study analyses the situation of financial ecological environment of LC city for the first time.3、 From the point of view of financial ecological environment, the paper explores how departments of supervision and administration, commercial banks, as the Government can joint the efforts to enhance the overall capacity and will of SMEs to credit financing so that to ease the financing difficulty.Based on the existing research, paper systematically summarizes the concept of financial ecology. Applying of MM theory, information asymmetry and pecking order theory, the study analyses the situation of financing of SMEs, the problems and financing characteristics. The paper points out that the financial ecological failure is the root of SMEs’ credit financing difficulty, thus adding to existing studies explaining the causes of SMEs’financing predicament. Finally, writer of the article offers suggestion. Because of my limited knowledge, there are some deficient in this paper. Thanks for professor’s criticism, in the future I will continue to word hard and constantly improve my own knowledge structure.