Research Financing Small And Micro Enterprisesof Jilin Province

Research on Countermeasures to Financing of Small and Micro Enterprises in Jilin ProvinceAfter thirty years’ development, small micro enterprises have become a major force of stimulating economic growth in Jilin province, and an important economic pillar of maintaining social stability. Along with the national policy tilt to small microenterprises, governments at all levels and regulatory authorities made a number of measures. Specific financial products have been increasing, and the financing environment has been greatly improved. However, difficulties in financing have been a bottleneck that restricts survival and development of the small micro enterprises in Jilin. The financing gap is large, the financial channel is not smooth and the financing cost is high. Vigorously supporting all kinds of small micro enterprises has become anurgent strategic task of Jilin Province.The generation of small and micro enterprises’ financing difficulty is involving multiple factors such as the enterprises’ own quality, financial system and national macroeconomic policies. First, in terms of enterprise internal, operation scale is small, mortgage guarantee is not enough, and enterprises’ own management is nonstandard and even lack of credit. Second, in terms of financial institutions, direct and indirect financing ratio is uncoordinated, multi-level capital market has not yet formed and the financing channels are narrow. Third, in terms of macro policies, although the state promulgated a series of policies to promote the development of SMEs and required financial institutions to tilt to small and medium-sized enterprises, it has not yet formed a complete financial policy system to support the development of small and micro enterprises, the credit guarantee system services are still not perfect.