Bank Acceptance Bills Of Exchange In The City In The Small And Medium-sized Enterprise Applied Research

Small and medium sized enterprise (SMEs)in China’s economic development is an important growth point,is an important force in promoting economic development. However, SMEs face many of the survival and development issues." Financing" is placed in front of the primary issues for SMEs.This paper introduces the theory of SME financing abroad on research trends, elaborated on " credit rationing " theory," relational credit" theory," transaction cost theory " and " corporate finance cycle theory." Secondly, the introduction of the economic characteristics of camphor industry, the financing environment for SMEs and paper market, elaborated paper market pricing mechanism. Again, introduced camphor discounted bank acceptance bills market and the market’s overall situation, and camphor City SME bankers’ acceptances behavior conducted a sample survey found that SMEs use more Zhangshu bank acceptances tool. What prompted SME bankers’ acceptances tools? Bankers’ acceptances of its application what is the purpose? Bank acceptances in the small and medium business plays what role? In this paper," credit rationing " theory," relational credit" theory," transaction cost theory " and " corporate finance cycle theory " based on the application of camphor SME bank acceptances behavior to analyze, you can learn restricting the development of SMEs camphor the biggest obstacle is still " financing" issues, from the current situation of camphor supply of finance for SMEs, mainly rely on exogenous credit funds to local small and medium sized banks based. Small banks offer credit products mainly for bankers ’acceptances, which is financing function of bankers’ acceptances and small banks operating characteristics and evaluation mechanism common decision. As SMEs operating in the payment of wages, payment of utilities, payment of taxes and the purchase of raw materials required for cash, bankers’ acceptances enterprises are often used after discounting, such bill financing into cash financing, to meet the business needs. SMEs, the main consideration for selection discounted bank notes of different banks offer lower discount rate principle, the actual operation, most of them choose different places camphor SME agencies discounted bills discounted. Camphor SMEs through the use of bank acceptance bills tools, access to operating capital to meet or partially meet the corporate financing needs.The survey found, camphor small and medium enterprises in the bank acceptance bill has many risks in the link of application, these risks may jeopardize the security of bank credit funds, endanger the normal operation of small and medium-sized enterprises. In this paper, from several aspects of risks are analyzed and revealed, and further puts forward some measures to prevent and control risks.