Financing Problems And Measurements Of Small And Medium-sized Enterprises In Tongliao City

On the basis of the research both at home and abroad, and based on theunderdeveloped ethnic minority areas of Tongliao City, by systematically expounding thetheory of corporate finance and detailed introducing the experience of the financing of theadvanced countries and regions, aiming at the actual situation of financing of SMEs ofTongliao city, we analyze the three major factors that affect the financing of SMEs inTongliao City, and specific countermeasures and suggestions are put forward to solve theproblem of financing from three aspects, that is, from the government, banks and otherfinancial institutions, small and medium enterprises.The problem of SMEs financing difficulty in Tongliao City is caused by many jointfactors of the government, banks and other financial institutions, SMEs themselves. Fromthe government’s point of view, mainly the lack of workable laws and regulations, policiesand measures to support SMEs are limited, at the same time the guarantee mechanismconstruction to SMEs is lagging behind, credit system construction is imperfect. From thepoint of view of banks and other financial institutions, mainly the lack of direct specializedfinancial institutions for SMEs, the loan threshold to SMEs is high and Loan procedures aretrivial, comprehensive credit costs are higher for SMEs. From the point of view of SMEs,the overall size of SMEs is smaller, property rights are unclear, and management system isbackward. The financial system is not sound, low transparency of operational informationand the lack of long-term credit mechanism.In order to create a good external environment of SMEs in Tongliao City for Sustainedand healthy development, as a government, laws, regulations, policies and measures shouldbe implemented to support SMEs, improve SMEs guarantee system and the credit system,explore venture investment mechanism of SMEs. As banks and other financial institutions,they should gradually improve credit services, constantly innovate financial products, andeffectively provide strong financial support for the sustained and healthy development ofSMEs in Tongliao City while establishing local small and medium-sized financialinstitutions actively, As small and medium enterprises, it is necessary to clear the property rights of enterprises, optimize the structure of corporate governance, improve the ability ofenterprises to innovate, to establish industrial clusters for SMEs and improve their ability toresist risks, also, the sound corporate financial system. We should increase the transparencyof operational information; establish long-term credit mechanism, and actively expand thefinancing channels for SMEs in Tongliao City.