The SMEs’ Financing Difficulties And Countermeasures Reaserch

The small and medium enterprises play a pivotal role in China’s national economy and social development as an important force. China’s reform and open-up to the world provides a vital policy platform for the SMEs’development. The SMEs play an irreplaceable role in promoting the development of national economy, creating jobs and promoting market prosperity and social stability.On the one hand, the promotion of the development of the SMEs is an important foundation to maintain steady and rapid economic development and is a major strategic task of the people’s livelihood and social stability. On the other hand, the SMEs are an important strength to promote economic development and are important force to support the rapid growth of the economy. Years of practice proved that the SMEs have become the main force of the local economic growth. The SMEs’stable and sustainable development has extensive and far-reaching significance on the stability of the national economy, the perfection of the system of market economy, the overall competitiveness of the national economy as well as social stability. However, the financing problem has restricted the development of the SMEs. The SMEs in China is in a stage of rapid accumulation of capital and the rapid expansion of the scale, they have the huge demand for funds.However, by the impact of the international economice, the SMEs have met with many difficulties in production and operation. As the state issued a timely relevant policies and measures, increased support efforts to taxation and credit and improved the operating environment for the SMEs, there have been positive changes in the production and operation of the SMEs, but the situation is still grim of development. That is:the financing difficulties, the guarantee problem, the partial support policies, the heavy burden on enterprises, the lack of market demand, overcapacity, sharp economic decline and the increasing losses. The state must take a more active and effective policy measures to help the SMEs to overcome the difficulties and change the mode of development to achieve sound and rapid development. This paper mainly puts forward specific policy recommendations from government, banks and enterprises by analyzing the existing financing problems and difficulties of the SMEs in Deyang City, Sichuan.