The Study Of Financing Mode For Small And Medium Enterprises’ In Quanzhou Based On Industry Cluster

The financing problem of SMEs is a world-wide problem,but also a long-termissues.With30years of reform and opening up,small and medium enterprises hasbecome an important force of China’s economic development.Accounting99.8percent of total enterprises of small and medium enterprises is playing anincreasingly important role,in the prosperity of the economy in the expandingemployment and the promoting innovation,but the financing difficulties have beenthe greatest obstacle to the development of SMEs in our country.Although theGovernment has adopted a series of financial measures to improve the financingenvironment for SMEs,but the issue of financing has not been resolved.The currentfinancing environment and the hope of enterprises are still a wide gap,the rate ofcredit to the small and medium-sized is yet to be improved.In particular,since thesecond half of2008,the global financial crisis had the harmful effects to theeconomic development entities,the development of SMEs are facing anunprecedented challenge,the issue of financing of small and medium-sizedenterprises is more prominently than ever before,facing an unprecedented financialdifficulties.China’s market economy system is in the initial establishment and the reform ofinvestment and financing systems is in the critical period, only to rely on a certainkind of the financing arrangements or financing mechanisms to address the plight ofChina’s SME financing is very difficult. The development and growth of small andmedium enterprises provide “natural” and potential service objects to thecommercial banks and the securities intermediary which are lack of high-endcustomers. Because of china’s SME financing constraints and the reality of thespecificity of small and medium-sized self-development, we need to look into theproblems of the new breakthrough to ease the plight of SME financing.The paper mainly has conducted the research from three levels.The firststratification plane uses literature review to summarize foreign theories about the small and medium-sized enterprise financing difficult. The second stratificationplane mainly introduces the development of our industry cluster and it’s financing.The second stratification plane introduces current situation of small andmedium-sized enterprise industry cluster in Quanzhou. Then analyzes the deep levelreason about the financing difficulties. The paper points out the advantages ofSME Financing of Quanzhou according to the industry cluster. This paper tested andverified the effectiveness and practical applicability of innovative financing modesby combining several analysis of local cases. It is trying to propose a newtrain of thought to resolve the SME financing difficulties of Quanzhou.