The Combined Financing Mode Researching Of Small And Medium-sized Enterprises

With the rapidly developing of economy in our country, the development of domestic enterprises in China is also very quick. But it can’t cover up the serious problems of financing difficulty in the small and medium-sized enterprises. The problems of financing difficulty in the small and medium-sized enterprises is already not a fresh topic, but due to the small and medium-sized enterprises trapped in some real reasons such as short credit assets and strength of weak, these enterprises have always been hard to gain enough money from external to support the development of the enterprises.In recent years, in order to alleviate the problems of financing difficult, our country actively promotes interest rate liberalization, actively promote the "NEEQ"(stock transfer system for the national small and medium-sized enterprises). But over the years, the problems of financing difficulty in the small and medium-sized enterprises did not improve. The author thinks, interest rate liberalization and the "NEEQ" is for the small and medium-sized enterprise provided a more relaxed environment and increased the financing channels of financing, but they did not change the nature of the weak in the small and medium-sized enterprise weak. So the interest rate liberalization and expansion of "NEEQ" to solve the problems of financing difficulties are not ideal.Meanwhile all kinds of new financing mode are on trial from the demand side. The combined financing mode is more successful at the beginning, regional governments constantly organize local small and medium-sized enterprises financing together. The author combined with combined financing mode and the reason of financing difficulty in small and medium-sized enterprises and found that combined financing mode can effectively enhance the strength of the small and medium-sized enterprises, improve the problem of financing difficulty in small and medium-sized enterprise financing status. But combined financing mode was not plain sailing, also met with some difficulties. How to solve these problems, let combined financing mode continue to develop, is worth studying.This article first introduces our country is in rapid advance of interest rate liberalization and expansion of the "NEEQ", found the effort from supply side and direct financing channels can’t help small and medium-sized enterprises to improve present situation of financing difficulties. Then researches to combined financing mode, and combines the characteristics of small and medium-sized enterprise financing analyzing of the role of combined financing mode from eight different aspects set. Through examples analysis of the characteristics of the horizontal and longitudinal combined financing mode and finds the problems in combined financing mode. Finally, targeted puts forward the corresponding solutions, and forecast the future development trend of combined financing mode.Article aims to analyze the small and medium-sized enterprise financing present situation, adopting the method of theory research the role of combined financing mode, finally came to the conclusion that the combined financing mode can essentially improve the present situation of the financing difficulties of small and medium-sized enterprises. Prove that combined financing mode is of great significance, is worth promoting.This article is divided into six chapters, the structure is as follows:The first chapter is Introduction. The introduction is the beginning of the chapter in full, including the research background of the article, the meaning of researching, researching method, the article’s innovative point, Literature Review and researched comment, master the full text.The second chapter is System background and the present situation of small and medium-sized enterprises. This chapter introduces interest rate liberalization, the "NEEQ" and the present situation of small and medium-sized enterprises. Then author concludes that the interest rate liberalization and the "NEEQ" can’t help small and medium-sized enterprises improve the financing difficult problem.The third chapter is Effect researching of the combined financing mode. The third chapter introduces the combined financing mode, and according to the reasons of small and medium-sized enterprise financing difficult, analyzes the significance of the combined financing mode in small and medium-sized enterprises respectively from eight different perspectives.The fourth chapter is Model researching of the combined financing mode. The fourth chapter through examples analyzes the characteristics of the horizontal and longitudinal combined financing mode, and discusses the obstacles in development of the combined financing mode.The fifth chapter is Perfect suggestions and forecast future trends of combined financing mode. The fifth chapter puts forward some measures and suggestions, hopes that can help the combined financing mode perfect for small and medium-sized enterprises, and forecast future trends of combined financing mode.The sixth chapter is Conclusion. This chapter is the end of the full article, sums up the three main conclusions and shows the research of shortcomings of full article.The innovation of this article:(1)compare the interest rate liberalization, the "NEEQ" and combined financing mode, highlight the role of combined financing mode in improving the small and medium-sized enterprise financing difficult situation.(2)According to the case analysis, sum up the different characteristics of horizontal and longitudinal combined financing mode.