Research On The Financial Of High-tech SMEs In Hunan Province

The SME high-tech company is an intrinsic motivation of the sustained and stable development of the economy,which leads to the inevitable trend of researching knowledge-intensive products.But due to the inherent characteristics of SMEs companies and the short of China’s financial system, the SMEs have encountered financial difficulties. In terms of the development of the regional financial system, there is the phenomenon of uneven development of the country. Therefore, we need to incorporate the characteristics of local economic development, and propose pertinent high-tech SMEs financing measures.Based on the description of SME financing situation in Hunan Province, this rese arch concludes that:on one hand, the SMEs have used the innovation advantages to pr omote economic development in Hunan Province; on the other hand, the SMEs have t rapped in the situation of shortage of financing. The research also applied financial gr owth cycle theory, information asymmetry and financing gap plight theory to compreh ensive analysis factors influencing SMEs in Hunan, which concludes that the constrai nts of Hunan High-tech SMEs financing are the inadequate information system, differ ent characteristics of different financing stages and the outdated financing system. Th e SEMs should combine the characteristics of Hunan province, and study and learn fr om successful financing fashions such as the high-tech financing, intellectual property rights pledge financing and credit guarantee financing. In the end, this research provi des some advices to solve the problem of the Hunan Province High-tech SMEs financ ing, which are based on the High-tech SMEs self-financing capacity building and fina ncial markets financing system.The structure of this paper is divided into five parts. The first chapter is an introduction; this part includes the purpose of the topic, the significance of the topic, literature review, research ideas, methods and innovation points. The second chapter has systematically researched relevant theories of financial situation at high-tech SEMs. The third chapter introduces the development status of the Hunan Province High-tech SMEs and its influencing factors. The chapter four mainly focuses on the successful experience that Hunan Province can learn from, which includes high-tech financing model, intellectual property rights pledge financing mode and credit guarantee financing model. According to the development status of high-tech SMEs in Hunan, Chapter five has provided sound advice to solve the financing difficulties.