Cause And Countermeasure Analysis Of SME Financing Difficulties

The development of small and medium-sized enterprises to the national economy plays a very important influence. Therefore, all countries in the world attaches great importance to small and medium-sized enterprises. Since the reform and opening, small and medium-sized enterprises which is given priority to with private economy are in the rapid development in all walks of life. Small and medium-sized enterprises occupy the important status in the national economy rapidly with its flexibility, reaction ability, ability to adapt and large of number. Small and medium-sized enterprises made great contribution for China’s socialist construction in such aspects as employment, taxes, science and technology.The reasons of small and medium-sized enterprise financing difficult in our country are:Information asymmetry between Banks and enterprises lead to the adverse selection and moral hazard. The credit guarantee system and relevant laws of our country is not perfect. Insufficient management ability of financial institutions, leading to higher funding costs. The financial system and the supporting service system is flawed.Enterprises and scholars through innovative financing model to solve the problem of financing difficulties. For example: supply chain financing, private equity financing, intellectual property pledge financing and so on.A few Suggestions to solve the difficult problem of small and medium-sized enterprise financing in Shanxi Province: The government should perfect relevant laws and regulations in Financial guarantee system. Set up professional financial institutions at the local level. Improve the system of bank’s credit rating with different scale enterprises to adopt different standards. Standardize and develop the capital market and bond market. To speed up the construction of social credit guarantee system.The medium-sized enterprise should standardize management,optimize the industrial structure and keep close contacting with financial institutions. In addition, small and medium-sized enterprises should pay attention to the good faith management, improve enterprise’s credit rating.