On The Construction Of The Financing System Of SMEs In China

Since China adopted the reform and opening-up policy, ourcountry small and medium-sized enterprise has greatdevelopment. However, with the small and medium-sizedenterprises in our country’s financial resources and its statusin the national economy is not matching, small and medium-sizedenterprises of national economy contribution to China’s great,but the impact of the financial environment, development isnot ideal, compared with the state-owned large enterprisesin the credit financing, obviously in inferior position. Thesmall and medium-sized enterprise financing difficult problemhas become the bottleneck of its development.The financing problem of SMEs, from the causes, mainly thegovernment in the financial policy ideas is not wide, to thesmall and medium-sized enterprise identity still exist in large and medium-sized state-owned enterprises to be totallydifferent from the "double standards", and "the country backinto" thinking inertia. And small and medium-sized enterprises,because of their small scale, lack of credit, informationasymmetry and the commercial banks, the lack of modernenterprise management system concept, as well as the SMEfinancing channel is narrow and banks "credit crunch", havebecome the cause of financing difficulty of small andmedium-sized enterprises.Construction of the small and medium-sized enterprisefinancing system, to expand direct financing channels for smalland medium-sized enterprises and indirect financing channels,optimize the internal financing environment of enterprises,and strengthen the stock, bond and other capital markets forfinancing of small and medium-sized enterprises to achieve.For the development of small and medium-sized enterprisesdevelopment of commercial bank loans audit system, the auditis responsible for loans to commercial banks, is also responsible for the enterprise. Commercial banks shall bedetermined in accordance with the operation of the marketprinciple, follow the coverage risk and cost, revenue matchingrules, flexible small and medium-sized enterprise loan policy,a good grasp of the rhythm of economic development, is thekey to solve the difficulties of financing of small andmedium-sized enterprises. At the same time, strengthenenterprise credit construction, strengthen the accuracy ofcorporate financial information, rational use of funds,improve the overall quality of management and enterprise staff.Financing channels, be on the upgrade and development ofnatural enterprise.We also need to establish and perfect financial laws andregulations, and the innovation of market economy to perfectthe present financing system, to solve the financing difficultproblem. Through the policy innovation to promote thegovernment to support the financing of small and medium-sizedenterprises, to improve the commercial bank financing of small and medium enterprises, implementation of power down toincrease the commercial bank’s permission, increase thecommercial banks, credit authorization, improve the financingdifficulties of small and medium-sized enterprises face isimperative under the act; improve the credit staff capacityand establish a scientific evaluation mechanism, selectingqualified for loans to small and medium-sized enterprisescredit personnel. The government policy innovation andcommercial bank service reform, is the priority amongpriorities to solve the problem of financing of small andmedium-sized enterprises.The financing problem of small and medium-sized enterprisesis not only an economic problem, but also the people’slivelihood, the formation of this issue has both subjectivefactors, the majority of small and medium enterprises ownmanagement ability is insufficient, also have the objectivefactor of domestic financial policy is lagging behind,importance should be fully aware of the SME financing problems, thus forming the downside risks, not the stability factors,will destroy the socialist market economic structure, brookno delay to solve the problem of financing of small andmedium-sized enterprises.