Innovation Research On SME Credit Product Of Evergrowing Bank Hangzhou Branch

Abstract:Since China adopted the policy of reform and opening-up, its SMEs have steppedinto the stage of rapid growth. Gradually, they have become the important drivingforce that helps alleviate the unemployment pressures, increasetaxes and pushforward technological progress. Nevertheless, as the Chinese SMEs develop rapidly, they are also confronted with the same problem of transcending the Macmillan Gapfaced by their counterparts in other parts of the world. To be specific, they meet withserious difficulty in financing, which hinders SMEs from enlarging their sizedenveloping new products and making technological innovations. Sometimes it evenleads to bankruptcy. In this way, the problem of financing faced by SMEs will stopthem from constantly playing the dominant role in the national economy, thusimpacting on the Chinese economy seriously.In this paper, combined with the facts of the development of SMEs, the first part is theory about the system of financing for SMEs, and SMEs in China.Especially we made a detailed analysis and summary about the status of the financing of SMEs in ZhejiangProvince.Secondly, on this basis, the paper points affect internal and external influences, summed up the problems caused by the financing of SMEs in ZhejiangProvince reasons. For the above, China’s SMEs, especially the financing of SMEs in Zhejiang Province, the paper relies on theEvergrowing Bank, from the bank perspective, combined with a number of practical examples, in summing up the successful experience of their predecessors, drawing less than their predecessors on the basis of this article will demand low-cost financing and capital surplus of robust business or personal financial needs of the advantages of the industry’s leading enterprise combining the use of trusts, funds, securities, banking integration of financial instruments and other assets forming gain further customized sales and management to become the financial products business. And how to build on these optimization programs to match the credit guarantee system,such as a detailed description and recommendations. Finally, the status quo of China’s SME financing, SME financing this article from optimizing the credit environment, improve SME financing legal protection system, three financial institutions to further improve the system and put forward concrete policy proposals.