Based On The Relational Credit Research The Effective Ways To Ease The Financing Difficulties Of SMEs

Our country small and medium-sized enterprises(SMEs)are very important position in the field of national economy. But in terms of receiving financial support, SMEs are vulnerable groups. So,"Important and Disadvantaged" is true portraiture of SMEs’financing situation at this present. Less possibility to get funding and high cost of financing have become a bottleneck of hindering the development of SMEs.In view of the above, this paper discusses relevant theories and research literature about SMEs financing difficulties, then determine the theoretical perspective which is3D integration of asymmetric information theory, credit rationing theory, theory of financial repression, at last, lock soft information, relational financing, advantage of small banks. So the author finds the breakthrough point of the article which base on the relational model of credit.Then, this paper analyzes the phenomenon and reason of SMEs financing difficulties. SMEs have a lot of soft information, and management system is not perfect, which insult the phenomenon of information asymmetry, so banks think SMEs are bad customers which are high cost, high risk, low interest. In China, banking sector has several big banks and lack of basic financial institutions. And furthermore, few financial institutions specifically service SMEs. Existing credit system does not match the characteristics of SMEs. In the end, the money supply and demand gap leads to SMEs financing "weak".Finally, recommendations are made, the paper finds that development of community banks based on relational credit is an effective way to ease the financing difficulties of SMEs. The paper put forward related suggestions, such as, improve the financing information environment; improve the community bank supervision system; guide the private capital to build community banks; reform of small and medium-sized financial institutions; reform of small loan companies to establish community Banks; and community banks should base on characteristic business community.