The Countermeasure Research On Solving The Financing Problems Faced By Small&Micro-enterprises In Our Country

Small&Micro-enterprises are an important part of non-public-owned economy in our country. Small and medium enterprises(SMEs) account for99.7%of the total number of Chinese enterprises. Small&Micro-enterprises, which are widely distributed in all walks of life, accounted for97.3%of SMEs. Small&Micro-enterprises play an important role in employment, economic growth, technological innovation and social stability. Despite Small&Micro-enterprises is developing well, in general, but the problem of financing have always been huge obstacles hinder the healthy and orderly development.To learn more about the financing situation of Small&Micro-enterprises, I have choosed Midwest Small&Micro-enterprises as the object of study. I found that more than half of Small&Micro-enterprises in Midwest is relying on liabilities to operating. Borrowing loans from relatives and friends is their main financing channels. In addition, financing mainly depend on mortgages and guarantees.There are many factors lead to the dilemma of Small&Micro-enterprises. their management is not standardized, their operating conditions is opaque and some of the Small&Micro-enterprises lack of innovation capacity. All of this are internal reasons. The heavy tax burden of Small&Micro-enterprises, commercial banks’preferences of the collateral and "hard information", high cost of credit of commercial banks to Small&Micro-enterprises, the non-normative informal finance, the imperfections of the financing guarantee system, the difficult for Small&Micro-enterprises to enter the capital market to financing directly are the external reasons.Although the financing problem of Small&Micro-enterprises has long been outstanding, but many parties had make efforts to solve this issue. In the article, I indicated what we had down in five aspects by citing five examples. In terms of Bank financial institutions, I take the "Shang Dai Tong" mode of Minsheng Bank for example; In terms of informal finance, I take "Wenzhou private lending registration service Center" for example; In terms of Government, I take the "fee-to-tax reform" for example; In terms of the capital market, I take "small and micro enterprises to support debt "for example, In terms of small loans, I take " Ali financial" for example. Analysis of this cases made my article more targeted and more prospective.Through the above analysis, Several suggestions are given to crack the Small&Micro-enterprises financing Dilemma at the end of the article:I the Government should actively simplification of the tax system, reduce the tax burden; Policy bank should be set up for Small&Micro-enterprises; Regulating and guiding informal financial; Accelerating the building of "the new three board";Establishing the effective secured funding compensation mechanisms and risk transfer mechanisms; commercial banks should speed up in product innovation; Small&Micro-enterprises should strengthen self-construction, etc.. I hope these suggestions will be beneficial to crack the current dilemma of Small&Micro-enterprises financing.Because of the limited knowledge of author and the limited practical experience, errors and inaccuracies are appeared in my paper inevitably. Suggestions and comments are welcomed. I express my heartfelt appreciation in advance.