Empirical Research On The Problem Of Financing Difficulty In China’s Small And Medium Enterprises

Is there a dynamic economy of a country, to a large extent depends on how the situation of SMEs, particularly small-scale micro-enterprises. After more than30years of reform and opening up and development, small and medium enterprises rapid development has become an important force in China’s national economic development. Facts have proven that their employment, increasing exports, to meet diverse consumer needs and create social wealth and technological innovation has a very important contribution.Currently, SME development was at a new historical starting point, was in "development to cultivate and accelerate the transformation and upgrading of critical period; At all levels of Government is actively seeking to promote transformation in China and the coherence and balance of guaranteed employment, growth, service and development guide SMEs, particularly small-scale micro-enterprises science as "Twelve-Five" during the transition of mode of economic development and to protect and improve people’s livelihood and important task. But in fact, small and medium enterprises in the development still exists in a series of difficulties and problems to be solved, structural adjustment and macro-control of energy-saving emission reduction and rigid constraints such as tightening monetary policy so that many small and medium enterprises facing serious challenges, which in particular their access to funds to support its position and role of China’s national economic and social development did not match. Problem has become a serious financing difficulties impeding and restricting the development of Chinese small and medium enterprises survival and further priorities.First of all, the first section of this article describes a study of economic background, purpose and significance of the research, then reviews the literature research scholars at home and abroad on the financing difficulties of SMEs, finally set out article ideas,structures and lack of innovation;First set out in part Ⅱ of this article the concept of small and medium enterprises, as well as in some countries and regions of the world on the definition of the concept of small and medium enterprises Division. Finally describes the theoretical basis of financing, mainly on finance theory, theory of non-symmetry of information, in the order rationing of credit theory and the theory of relational financing in four representative of classical theory; Part III financed by endogenous and exogenous financing both on China small and medium enterprise financing difficulty of such a description and analysis of the present situation in more detail; Finally on this situation to do a simple summary:indirectly through bank financing remains the main method of financing; Part five articles is the most important part of this section from an empirical point of further analysis of China small and medium enterprise’s financing way and its own factors, they can choose according to its own characteristics to suit their own financing, to study concluded that suited its own characteristic way of financing for SMEs in China. The sixth part of this article combined with the fifth part of the conclusions reached, for Chinese small and medium enterprises financing issues focused on enterprises themselves, financial system, capital markets and support the four aspects of Government policy to put forth relatively specific tactics and suggestions.SMEs generally have small scale, the system is flexible, efficient management, operating a variety of characteristics. They market in promoting China’s economic development and prosperity and improving people’s livelihood and employment as well as social stability and technology innovation has a very important role and significance. Current rapid development of Chinese small and medium enterprises generally enter at this time and during the transformation and upgrading of key, an in-depth study on restricting the development of Chinese small and medium enterprises "bottlenecks", to promote the rapid development of Chinese small and medium enterprises, accelerate its transformation and upgrade of crucial significance.