Constructing And Integrating Of The High-tech SME Financing System In Tianjin

It is in the1990s the high-tech Small and Medium Enterprise (SME) really come into the public eye. With the strengthening of market economy competitive trends, the focus of competition has been gradually transferred from the resource advantages, the scale advantages to the technical superiority up. The degree of attention on science and technology become increasingly clear. For SMEs, the traditional trade processing SMEs can not be noticeable in the fierce competition. SMEs emphasis on R&D of core technology is exceptionally brisk. It has become a leader in the development of SMEs in the New. However, it can not abandon the inherent weakness of the SME. Problem of financing difficulties is still restricting SME growth. Therefore, how to build suitable SME financing system is of great significance.This article takes Tianjin as the research background. We have combined with a large number of domestic and foreign theoretical studies and practical data, then analysis Tianjin SME financing system overview. As SME financing system analysis model is still not enough. This paper uses the three-dimensional conceptual model of systems engineering to divide SME financing system into three dynamic dimensions, Period D (dimension), Method D and Policy D. They are used to interpret the SME life cycle, financing media, and macro-control policies. The three dimensions are further divided into four linked system. Integrating status quo of each dimensions in Tianjin, we analysis the financing system under the restructuring of elements.First this article analyzes the domestic and international SME financing model, and come to the conclusion that government-led SME financing system should be established in Tianjin. Next, the three-dimensional model works to analyze the other three municipalities SME Financing Status, and summed up the experience as a reference to Tianjin. Then it analyzes the shortage of Tianjin into three points, financing needs of stage characteristics is not obvious, the financing channel is not smooth enough, the policy function is not yet clear.In the last, by drawing on the successful experience at home and abroad, this article has proposed a framework of recommendations for Tianjin to build the SME financing system. Financial support should be provided for the different life cycles; Strengthen bank-enterprise communication, better use of fiscal finance, private finance, open market financing and other-means; Set up the SME policy-oriented financial institutions. Increase the listed subsidies, Construct technology transfer service inn. Nurture the core enterprise.