Our Country Small And Medium-sized Enterprise Financing Problems Research Under The Perspective Of Social Credit

Small and Medium Enterprises(SMEs) are not only the most active groups in China’smarket economy, but also a very important component of market economy. we know thatSMEs play an important role in the national economy, providing employment and maintainingsocial stability, supporting government revenue. However, China’s small and mediumenterprises have widespread national problem of insufficient supply of funds in financialintermediation, the imbalance of supply and demand of funds has severely restricted thedevelopment of SMEs, how to solve the financing difficulties of SMEs plight has become atop priority.This article is based on information asymmetry perspective, as a starting point to explorethe social credit how to improve the social credit construction SMEs to address SMEsfinancing difficulties. In this paper, there are two aspects specific content as following：On the basis of research results under the perspective of learning about Social Credittheory of domestic and foreign financing for SMEs, we find the root cause of SME financingdifficulties of SMEs lies on the lack of credit caused by asymmetric information. Then fromthe perspective of social credit financing of SMEs reasons, we find that the main reasons ofsocial credit financing difficulties of SMEs. Then,the paper describes the social creditmechanism to solve the problem of financing SMEs in the elimination of informationasymmetry, making up small corporate credit shortage and reducing bank’s credit risk.Combined credit financing difficulties of SMEs in China, and verifies it with economicmodel.The paper takes SMEs of Jiangxi Province as a sample and studies their social credit byfield research. Based on the results of research we find that there are several problems inJiangxi SMEs financing: a shortage of funds to become the biggest obstacle to thedevelopment of SMEs; their financing channel is narrow; while the bank financing is the bestchannel but difficult to get; guarantee institutions for SMEs financing process has nosignificant effect. Finally, based on learning of Jiangxi SME Social Credit theory of theproblems and the above analysis, we propose some recommends.