Research On The Financing Status Of SMEs And Strategy In Jilin Province

Financing difficulties has been the bottleneck of the development of SMEs inJilin Province, how to crack the problem of financing for SMEs, is a subject oftheoretical and practical value.In China, according to the indicators of corporate employees, operating income,total assets, and the SME program can be divided into medium-sized, small, microthree types. SMEs have an important position in national economic development,and made a great contribution to China’s GDP growth, taxation, technologicalinnovation, employment. Jilin Province, the number of SMEs accounted for99.5%of the total number of enterprises,47percent of the total economy of Jilin Province,small and medium enterprises to create the province’s fiscal revenue of nearly1/3, toaccommodate more than70percent of the province’s employment. Jilin SMEs totalrapid growth, and raise the degree of contribution to the economic development ofJilin Province, the enterprise scale, and further enhance the overall strength,effectiveness improved significantly further increase the contribution to society, thehealthy development of micro-enterprises. Jilin Province, SMEs still have someproblems, First, SME foundation is still relatively weak, the total economic output ofSMEs is still relatively small, SMEs overall quality is not high; SME financingcapacity is not strong.Due to the macro aspects of the credit and financing environment, policies, JilinProvince SME financing relies mainly on its own funds, bank credit, private lending. From the financing situation of small and medium enterprises of Jilin Province, thereare still some problems to be solved: First, external financing is more limited, andsecond, the lower proportion of indirect financing, direct financing difficulties.Correct the reason, the internal from the SME point of view, mainly because of theSMEs in general business philosophy behind the management level is not high;sense of credit, a serious lack of credit; chaotic financial system, financialinformation distortion; and the limited scale of operation, capital structure isirrational. From outside the enterprise reasons, mainly because of loans fromfinancial institutions tend not conducive to SMEs, Jilin financial institutions loanthreshold, the diversification of financial institutions to develop lag SME creditguarantee system is not perfect, then there is the international financial crisis.Difficulties in financing the development of SMEs of the world a universalproblem, the more mature in some of the world market economy country or region,formed a unique financing models for SMEs. This includes bank-based financingmodel to the United Kingdom and the United States on behalf of market-basedfinancing model, represented by Japan, Germany on behalf of the Government’sfiscal-led financing model and financing counseling model in Taiwan. Foreign SMEfinancing model for us to solve Jilin Province SME financing difficult to provideuseful inspiration, that is, the Government must pay attention to the development ofSMEs, the establishment of specialized local SME financial institutions, to build aregional credit guarantee system to encourage SME innovation and financing modelsand broaden the financing channels, to promote small and medium enterprises toaccelerate the construction of a modern enterprise system.To enhance the capacity of SME financing in Jilin Province to solve thefinancing problems of SMEs, we must first perfect the guarantee system for SMEs,and secondly to improve the efficiency of financial services for SMEs, and again toenhance the quality of the SMEs themselves, and finally to increase government support. Only to explore the system from the perspective of both theoretical andpractical countermeasures and the path to fundamentally solve the financingproblems of small and medium enterprises of Jilin Province, thus promoting thehealthy development of Jilin Province, SMEs, thus promoting the economicrevitalization of Jilin Province.