Research On Financing Innovation Of Small And Manufacturing Under Financial Crisis In China

At present, because the bank lending occupies a large part in the current sources of funding for SMMEs(Small-Medium Manufacturing Enterprises) in China,inextricably linked with SMMEs,this article will propose substantive recommendations such as financial innovation to resolve the difficulties of SMMEs in financing,such as "warehouse receipts pledge" in movable estate financing. Statistics show that China’s SMMEs have a lot of movable property,only inventory and account receivable is about60percent of enterprise assets,but only real property such as land,housing is often used as collateral security,most movable property such as inventories,receivable accounts,did not play an important role. If these movable property will be used mortgaging to solve the problem of small and medium-sized enterprises in financing,it shall play an important role.This paper will analyzes the present financing situation of SMMEs influenced by the financial crisis; study the underlying causes of difficulties in financing. Through compare the experience in solving the financing problems of SMMEs in developed countries,multi-level SMMEs financing system in order to ease the difficulties of SMMEs in financing. The innovation of this paper lies in the current financial crisis as a background,discusses the current financial crisis to the influence of the small and medium-sized enterprises,this paper analyzes the financing of small and medium enterprises in the financial crisis under the influence of the present new situation,the new question,visible in the current financial crisis hit,review small and medium-sized enterprise financing difficult problem related to the small and medium-sized enterprise’s survival,even more has the important practical significance. On the financial crisis to small and medium-sized enterprise financing the influence caused by the dialectical analysis,and from many angles proposed conforms to our country actual alleviate the financing of small and medium enterprises pressure measures,to deal with the financial crisis. And focus from the point of view of bank,and puts forward the financial innovation to better solve the small and medium-sized enterprise financing problems. Considered with SMMEs financial institutions,such as bank and government to draw up the countermeasures to improve the financing environment for SMMEs,providing some theoretical and practical significance for survival and development of SMMEs in order to better react to the financial crisis.