Research On The Application Of The Government Industrial Fund To Promote The Financing Of Small And Medium Sized Enterprises

The financing problem of small and medium-sized enterprises for a long time has been the focus, hotspot and difficulty of national economic development concerns, especially in the past two years as China entered the growth speed shift, structural adjustment pains and stimulus policy digestion period of these three superimposed on the new normal, and financial institutions generally tightened monetary policy, so small and medium sized enterprises face the financing situation even more severe. Based on the failure of market, the lack of effective demand can not be fully automatic regulation, the government should intervene by economic policy, focusing on fiscal policy and fiscal policy tools selection. By the government’s financial capital mainly funded government to establish the fund industry as government policy of financial investment tool, can control the total social demand, the proportional relationship between the adjustment of industrial structure and national economic departments, improve investment environment, promote the financing of small and medium-sized enterprises.This paper takes Jiyuan city of Henan Province as an example. On the basis of Jiyuan City, small and medium enterprises actual research, Jiyuan city government industry fund establishment background, expected purpose, management mechanism, the implementation of concrete operation mode in the process of selection, risk control, exit mechanism and application in the comprehensive analysis. Government industry funds from promote enterprise direct financing and indirect financing in two aspects, through the way of loan risk compensation, direct debt financing and silver platform enterprise bedding funds play government funds for small and medium-sized enterprises to increase trust and bank risk compensation, capital market and other ancillary effect, promote the financing of small and medium-sized enterprises. Effect of government industry fund application to promote the financing of small and medium enterprises is a key factor in the government to provide adequate policy resources, government and small and medium enterprises and financial institutions, communication and coordination, the overall social environment perfect degree etc., and puts forward opinions and suggestions.The absorption of the politics, economics and social science three multidisciplinary research methods commonly used, on government industry fund to promote the financing of small and medium enterprises management mechanism, operation mode, choose path, risk control and effectiveness and application research, formation of experience summary and policy suggestions. The superposition of three economic downward pressure on the larger environment, the local government how to combine actual area, with limited financial resources, through the government fund industry leveraging financial resources, the maximum possible to promote the financing of small and medium-sized enterprises, play a useful reference and inspiration. This is the real purpose and significance of this study.