Analysis And Strategy Of Shandong Province’s SMEs Financing Problems

Whether it is in the developed or in the developing countries, SMEs (Small and Medium-Sized Enterprises) play an increasingly important role in the economy and society. We can say that the development of SMEs is a global problem, but also academics, politicians, business and industrial concerns and to explore major issues of the world. In recent years, with the continuous development of economic reform continued to deepen and the national economy, Chinese SMEs continue to grow, SMEs have become an important force in Chinese economic and social development plays in economic prosperity, increase employment, technological innovation, etc. an increasingly important role. But many of the problems facing the development of SMEs, such as the production cost of raw materials prices rose faster, increasing upward pressure on labor costs, productivity efficiency behind the shortage of funds, lack of production and technological innovation, have seriously hindered the process of rapid development of SMEs, which funds shortage is most severe and most common, is also troubled world economy academic community, the problem of global business community and the government. Due to the development of Chinese special economic liberation background, Chinese financial reform is lagging behind and imperfect financial system, coupled with inadequate financing of SMEs and other relevant policies and systems supporting financial environment, as well as SMEs’ own deficiencies, and foreign in contrast, more prominent problems of SME financing has become an obstacle to SMEs development and growth of the biggest bottlenecks. On the one hand many SMEs because of their limited financing channels and capabilities are not sufficient funds to support the development bottleneck faced, on the other hand, traditional bank credit-based risk identification and control of external financing are still many weak links SME credit risk management is still a problem. In the case of the current SME credit information asymmetry, how SMEs can improve their ability to resist risks and financing capacity of financial institutions on how to improve risk screening capacity to develop their own credit policies suited to the characteristics of SMEs, in order to create a favorable external SMEs environment, crack financing difficulties of SMEs in the development of not only solve development problems of SMEs, is also an important issue in our national economy maintained a sustained and healthy development of high speed, it is currently effectively promote the process of chinese market economic reform a major issue. Based on the domestic and foreign research results, starting from the actual characteristics and the development of SMEs in Shandong Province, learn from the successful experience of foreign countries and the rest of the country, the universality of reason and institutional system in Shandong Province of financing SMEs reasons.