On The Ways Of Improvement And Innovation Of Credit Services For Small And Micro Businesses Of Domestic Commercial Banks

Small and micro-business is one of the largest group within economicorganization in our country, has been contributed to the development of economy tothe extent of measurement which is not able to calculate. However, during theoperation development of small and micro business, the problem of funding gap hasnot been resolved for many years. Most of the small and micro businesses has beenfacing the financing difficulties, which is solved mostly by self-capital raising andprivate lending. Even in developed countries, small and micro business financeservices is also facing many problems to be solved. With the positive policies keepscoming out for the small and micro business year by year, The commercial banks inChina have been increasing the support for small and micro businesses loan servicessince2005, especially China Minsheng Banking Corp. Ltd, China Merchants Bankand CITIC Bank have launched the loan products which is designed focusing on thefunding needs of small businesses. With increasing scale of debt approved for smallbusinesses year by year, small and micro business service is not only the regulatoryindicators of commercial banks for The People’s Bank of China, but also one of thestrategies on business development for the commercial banks themselves.However, the market environment for the small and micro-business in China isnot perfect yet, and the corresponding ways of trust, policy support and creditevaluation systems for financial loans are still in the construction phase, so thedifficult situation of small and micro business loans cannot be quickly eased. In orderto adapt to the future economic environment and business development of small andmicro businesses, the financing services of commercial banks also need to beimproved from many aspects, such as product design, marketing strategy, risk controletc.All the information for this article has been collected by reading the historicalarticle literature and searching on relevant information on a large number of finance service information on commercial bank development, the objective comments hasbeen made according to the development process of the commercial banks and theoutcome achieved for current stage. Next, the article will emphasized on thecharacteristics of the financing features, financing dilemma status and difficulties ofsmall and micro businesses, In the meantime, the analysis of the development ofsmall and micro business financing services and the existing problems will beinterpreted as well. Finally, according to the expansion of the finance services chainof small and micro business for the bank, the way of improving the quality offinancing services has been illustrated in five-point of recommendations from theaspects of policy.