Difficulties And Suggestions On Exogenous Financing Of Small And Medium - Sized Technological Enterprises In China

China’s economic growth should be based on a reasonable industrial structure under the traditional and emerging industries, HI-TECH SMEs with its unique advantage of science and technology innovation and increase employment is becoming more and more attention. Getting sufficient funds in time for the management operation is the important precondition for HI-TECH SMEs is important premise.The mature development of finance theory and enterprise theory, is the foundation to resolve the problem of HI-TECH SMEs’ financing. After analyzing China’s HI-TECH SMEs’ financing features, this article selects Shandong province as a case for a detailed analysis. It summarizes the exogenous financing for HI-TECH SMEs in China are faced with many problems; and it analyzes the reason is that the government too much control, financial institutions, position is not reasonable, unclear property rights definition, etc. It researches financing problems of HI-TECH SMEs in Shandong province. Through the form of on-site interviews to staff to collect field data of related financial institutions, it collects the typical city of Qingdao to research its management status of HI-TECH SMEs’financing.China financial economy is not developed, so it chooses three developed countries, the United States, Japan and Germany, and summarizes how to coordinate development and draw lessons from the experience on its financial system and enterprise financing.Finally it puts forward Suggestions on China’s HI-TECH SMEs’financing. It includes perfecting the system, the construction of credit system, strengthen financial innovation, etc.