Financing Of Ningbo-based SME Innovation Mode

With economic development, SMEs in economic activity is becoming more and more important. In over30years of reform and opening up, the SMEs have become an important force in promoting the development of China’s social and economic progress essential. SME has many advantages, especially active in China’s market economy, solve industrial restructuring, increasing employment has irreplaceable advantages.However, China’s SMEs own scale, the management is not standardized, the the SMEs credit system and credit guarantee system lag, the cluster industry to industry, the degree of organization is not high. At the same time, financial institutions, commercial banks represented the rigorous review of SME loans, there are serious "credit crunch" phenomenon, and discrimination. Government not enough effort to support SMEs, but attention to the large and medium-sized state-owned enterprises is far greater than the concern for small and medium-sized enterprises. How to solve the financing problems of SMEs, has become the key to promoting the development of SMEs.This article use Ningbo as example, SME financing status survey and empirical analysis, in-depth analysis, the predicament and impact factors, some suggestions.The possible innovations:this article may emphasize innovation in government functions, to build a government-led financing model for SMEs; banking system innovation, to build a wide range of indirect financing model; industrial clusters innovation, to build SME industrial relations financing model.