Research On The Straits Of SME Financing In Shenyang

The difficult problem of financing of SMEs has been an important restrict factor forthe development of small and medium-sized enterprises for a long time. The financing ofsmall and medium-sized enterprises have become prominent issues affecting economicdevelopment of Shenyang, even China and restrict the potential economic growth.Scholars from all walks have been researched on the problems in the financing of SMEs,base on which the article summarizes an overview of Macmillan Gap, financing structureand financing order theory, the theory of financial growth cycle, credit rationing theory,summed up the characteristics and barriers to financing of SMEs. Then the authorinvestigated67SMEs in Shenyang with the Shenyang Evening News "SME’s financingplatform” to understand the actual situation of the Shenyang City deeply, learning that inthe SME’s financing structure, successful business loans and failed enterprises inShenyang. The survey results show that, besides information asymmetry, SME financingin Shenyang is also subject to other factors such as the optional loan financing is less,and the high cost of obstacles. In addition, the low solvency of SMEs led to banks andother financial institutions for small and medium-sized enterprises credit discriminationexists. Refer to other research, these cases are not unique to Shenyang, SME of the wholenation are facing similar dilemmas. In order to improve the current situation of the SMEfinancing in Shenyang, the author studied a lot of literature and thought about thesuccessful experience in many developed countries and economically developed areas inChina. The fundamental solution to any regional financing difficulties of SMEs problem,to a large extent, need to reform to improve the economic and legal policy environmentin the country, good environment, and the provincial municipal government can take theappropriate implementing improvements on its basis. And learn from the successfulexperience at home and abroad, some suggests are given in the fourth chapter. First of all,SMEs, the vulnerable groups of in the financing market is at a disadvantage, but it is veryimportant to the development of the national economy, so the government shouldincrease financial assistance to SMEs. Second, compared to the United States, China’sfinancial market is not fully developed, we can’t establish a special agency to promotethe operation of the market as the United States, China should learn the successful experience of Japan to establish a sound SME financing system, the financing systemshould be Government financial institutions, private financial institutions and creditguarantee institutions, including government financial institutions include policy banksand SME finance counseling agencies in both, Germany and Taiwan of China provides uswith a more scientific mode. Again, in order to solve the short supply of loans to SMEfinancing, the government should make great efforts to broaden the financing channelsfor SMEs, and reduce the cost of other forms of financing. Finally, the governmentshould establish a complete set of SME financing legal system suitable for China’snational conditions to guarantee the effective implementation of the aboverecommendations.