Research On The Problems In The Financing Of Small And Medium - Sized Enterprises

The question of SME financing studies-Based on analysis of property marketWith the reform and opening up, a market economy gradually establish led to the development of the political, legal, finance, culture and the arts, including the social aspects, the development of the financial aspects most concern to our community. The main reason can be explained from the theoretical and practical aspects. First, from a certain extent, financial development determines the development of other aspects of society, that is, social economic base determines the superstructure to follow the philosophy of law. Second, in today’s high-speed development of market economy, the field and the number of entities involved in the growing economy, the objective facts of the former brought in the development of the latter, while the latter has become the driving force of the development of the former development, driven by the interaction of the dialectical relationship the development of all aspects of society as a whole. Within the context of economic and social,the development process of companies seeking social resources as it is a process of social competition and optimize the allocation of resources. In a perfectly competitive environment, the development of companies must be gathered all kinds of social resources, such as natural resources, human resources, financial resources, technological resources. Aggregation of these social resources can be said in some ways gathered and efficient use of economic resources. The above analysis shows that the development of the enterprise is inseparable from the funds, funds to support the development of enterprises, namely the funding gap of small and medium enterprises has become a primary factor restricting its survival and development.SMEs plays a key role in promoting China’s overall social development, especially in terms of economic growth, population employment, cultural industries, new industries, health care, etc., which have benefited from the market economy in full swing. However, according to the relevant department statistics show that long-term funding gap problem to some extent hindered even restrict its development, not only due to its own characteristics, but also attributed to China’s financial system is not perfect, specifically in the financial markets can not fully meet the demand of capital for SME development, not to provide better financial services, not for the professional development of financing instruments, these reasons eventually led to the emergence of a series of problems for SMEs in the process of financing, including financing risky, financing difficulties, higher financing costs, a small amount of financing and other major factors. However, with the continuous development of the financial system, in the1990s, the initial establishment of an emerging financial market in China-the property market. After nearly30years of development, the property market has begun to take shape, its function has also undergone a major change. The change can be broadly attributed to:property market compensate currently vacant part of China’s financial markets and finance function,it has become an important part of the capital market as an indispensable. With the growing demand for corporate finance, property although able to provide SMEs with a new financing channels, but due to its own reasons, has led to still be improved in many aspects of financial innovation.In this paper, the problems of SME financing in the background, and corporate finance services to the property market for the financing needs of enterprises to provide the basis for the study, although the proposed property market can provide financing services for SMEs, but there are still issues, including property rights trading varieties scarce, equity pledge financing imperfect, inadequate financing trading organizations internal and external communication and so on. On this basis, given the equity market financialization process has several practical measuresThe following is the main content of each part of the text:Part Ⅰ:Introduction to the text of the section. First, this study presents the background, and then presented the purpose and significance of the topic, while a few basic concepts herein may be the definition and interpretation, concludes the main point of this article.Part Ⅱ:First, foreign and domestic literature theory and finishing; Secondly, with regard to the equity market to the financial markets in transition related articles published in academic representative to collect and organize for their views were systematically comb.Part Ⅲ:Analysis of SME financing’s situation. The first part refers to the relevant departments for SMEs in some provinces, thorough investigation of the economic data. Then analysis of SME financing problems existing in the current.Part Ⅳ:describes the basic situation of the equity market. Include:1, the course of property market development;2, the main function of property rights institutions and its main mode of operation;3, the development trend of the property market in recent years.Part Ⅴ:Status equity transaction institution financing services for SMEs to carry out its problems. The first section describes the current practices of several major equity market for SMEs with financing, including equity pledge financing, private equity financing and SME market cultivation. Second, combined with market demand made several major problems in the property market, the process of financial existence.Part Ⅵ:Provide available for the property market practical solutions to financial market problems in the transition process.Part Ⅶ:the text with a systematic summary. Including the main research questions in this paper, the main content and the logical relationship of each part, the main point of this paper.