Financing Difficulties And Countermeasures Of Small And Medium Sized Enterprises In Beijing

Middle and small-sized enterprises are the most dynamic group in the global economy, and they are one of the most competitive economic forces in our country not only at present but also in the future, this group plays a supporting role in the development of China’s economy and it makes an important contribution to alleviate the difficulty of college students employment, make realization of technological innovation, promote the integration of traditional industries, promote the Internet plus industrial restructuring and optimize industrial structure. However, financing still troubles small and medium enterprises, although it is an old topic, it still exists, it seriously restricting the turnover of fund and expansion of business scale. It is quite essential to enhance the availability of financing and solve difficulties of financing of SMEs.This paper studies the financing difficulties of small and medium sized enterprises, it takes financing difficulties as a starting point, explains modern financing structure theory, financial growth cycle theory, financing preference theory, credit rationing theory and other related theories, in addition, it analyses relevant literature and research status. Based on those theories and analyze of our existing financing dilemma, the paper summarizes several reasons for the financing difficulty:the lack of government support and internal-external environment, such as taxes and financial subsidies; inadequate laws and regulations; faultiness financial institutions, lack of direct financing mechanism, high state-owned bank credit threshold, narrow financing channels, undeveloped financing guarantee system and service organization, nonstandard enterprise management, low level of credit, lack of financial management and information disclosure mechanism. Proceed from China’s actual conditions, learn advanced international experience as follows:1)increase government support, financial subsidies and tax incentives; improve relevant laws and regulations such as to raise the public’s management approach, folk financing and illegal fund-raising boundaries, PPP Model Arbitration management approach; introduce commercial credit guarantee agencies, to build small and medium enterprises investment services platform; support the small and medium-sized banks, narrowing the strength gap between big banks.2) Financial institutions simplify the process of lending procedures; improve the financing of credit guarantee system and service institutions, as well as small and medium enterprises credit system.3) Small and medium-sized enterprises, standardize the financial management system, make up deficiencies in the mechanism; build good relationship between banks and enterprises and the relationship network, use innovative financing way to reasonable broaden financing channels.This Paper takes a typical private oil companies as an example, By analyzing development situation and financing problems, proposes a specific financing plan: self-quality of managers should be improved; financial management should be regulated; introduce professional managers; broaden the financing channels with innovative financing, such as innovate business mode of financing, realize expected income into cash by membership card and promotion; innovate capital lease way of financing, obtain funds through car wash and office rent. In addition, looking for new competitive by one-stop service; try PPP mode cooperation with oil giant; look for capital investment; crowd funding; goodwill financing, etc.