A Solving Way Of Small And Medium-Sized Enterprises Financing In Modern China

Small and medium-sized enterprises as an important part of the national economy in ourcountry, economic sustainable, stable and harmonious development plays a vital role.Therefore, the support to small and medium-sized enterprises becomes very important andnecessary. Based on the domestic and foreign experts and scholars and governmentdepartments of the financing of small and medium enterprises research results andmanagement measures, combined with the actual situation in our country, through to thefinancing way to solve this new exploration and sought to crack the financing difficultquestion of small and medium-sized enterprises.Small and medium-sized enterprise with unique advantages, mainly embodies in themanagement system, flexible, can according to the market, technology, rapid speed of changefocus, With strong technical innovation ability, can promote the product development,technology innovation and industrial upgrading in. Currently, the small and medium-sizedenterprises has become China’s economic growth and social stability, the most vigoroussource has already become the important component processing and service industry in thenational economy, the important status and functions are becoming more and more obvious.Our population, a vast area, between both economic strength, industrial base, consumptionlevel presents multi-level and diversification. Such a situation determines the country’seconomic and social development and the development of the special needs of small andmedium-sized enterprises. Small and medium-sized enterprises in our country has very manyopportunities for development and wide development space.But in the rapid development ofsmall and medium-sized enterprises also exist in a series of difficulties and problems to besolved, including financing constraints small and medium-sized enterprises development hasbecome the most important question. Although China has successively set up by the financingplatform for the development of small and medium-sized enterprises,the road widened fundsstill unsatisfactory condition.For example,The small and medium-sized enterprises plate in2004in Shenzhen on June25, gem officially launched in March31,2009in shenzhenofficially opened trading. The two trade platform, the establishment of the small andmedium-sized enterprises directly to broaden financing channels for small and medium-sizedenterprises, and provides a through the capital market financing ways. Small andmedium-sized enterprises according to oneself circumstance also acquire listed by issuinglong-term stability of capital, improve the capital structure, and mobilize the banks and otherfinancial institutions provide financial support to small and medium-sized enterprises, to alleviate the enthusiasm of small and medium-sized enterprises financing needs. But thesmall and medium-sized enterprises board and gem from its scale and influence, or fromexternal development environment, far cannot adapt to the requirements of the developmentof small and medium-sized enterprises of the national economic growth. Reality a lot of smalland medium-sized enterprises want to think through the small and medium-sized enterprisesboard and gem listing, still faces many obstacles. Therefore, the development of other tradingplatform will become our small and medium-sized enterprises financing new path.Although the government departments at all levels, and financial institutions to solve theproblem of small and medium-sized enterprises financing has done a lot of effort, difficult toremain. Investigating its reason, mainly including: on one hand, due to the lack of directfinancing channels of venture capital investment system, lack of legal protection system andperfect the system of government support, venture capital affects the dilemma, medium andsmall-sized enterprises by equity financing. On the other hand, indirect financing channel isnarrow, although China sets up small and mid-sized enterprise innovation fund, theinternational market development fund established for each bank small and medium-sizedenterprises financing institutions, but few in number, because service scope is limited, and tomeet the small and medium-sized enterprises financing needs. The financing difficulties ofsmall and medium-sized enterprises not only suppressed, and also to stimulate thedevelopment of the whole society, delaying the entrepreneurial passion in China’s economicand social progress.Besides the financing channels, the factor analysis from the marketparticipants, small and medium-sized enterprises in financing difficulties exist in enterpriseitself, financial market mechanism, the government management, etc. Therefore, we shouldformulate the corresponding countermeasures: small and medium-sized enterprises want tospeed up development, improve profitability, enhance their credit concept, and strive toexpand financing channels and ways, Financial institutions to emancipate the mind,innovation, strengthen the service consciousness, gradually eliminate the financial repressionof small and medium-sized enterprises, establish the credit guarantee system of multi-level,The government should improve policy laws and regulations, and establishing a sound creditsystem, energetically develop and perfect multi-level financing platform and financing ofenterprise evaluation criteria, support and financial support system.To sum up, this article through to small and medium-sized enterprises financingproblems pectination and further analysis of the system, expounds the key of solving thisproblem is to form government departments, small and medium-sized enterprises andfinancial institutions, demonstrates the tripartite force of small and medium-sized enterprises financing problem solving the optimal allocation of resources, social harmony and stability,economic prosperity and enterprise’s active the important role played win-win cooperation, itis concluded that the financing market is established to solve current medium-sizedenterprises financing problems in an effective way.