A Study On Financing Problems Of Small And Medium Enterprises

Small and medium-sized enterprises is an important part of national economy. In the development of economy and society, it plays an active role in expanding employment, improving life and stabilizing the market, their development has received widespread attention all over the world.About the concept of capital, the earliest can be traced back to Marxist theory about the capital; Western scholars also have many viewpoints for multi-level capital, and have established the rich theories, involving the fields of finance, economics, and game theory. Some developed countries, such as the United States, Japan, and Britain and so on, have been established one of the world’s most advanced capital market systems, provided a lot of reference for the development of China’s capital market. Since China’s reform and opening-up, the development of various types of capital market has made great achievements, established a relatively perfect capital market system, which has provided great support for China’s economic and social development.Our country has entered the crucial period of the third phase of overlay, the government encourages the public entrepreneurship, people’s innovation, and actively guide the development of small and medium-sized enterprises, especially in science and technology innovation of enterprise,it gives more support policies. However, the primary problem that restrains the development of small and medium-sized enterprises is financing, small and medium-sized enterprises tend to have not strong capital backing usually, and need to get financing from financial institutions for initial investment. Low credit limit, less collateral become the problems of small and medium-sized enterprises.In order to further improvement of the capital market, and promote the development of small and medium-sized enterprises, put forward policy suggestions on better, it needs to multi-level capital market segmentation and fully study. Multi-level capital market including the stock market, fund market, the securities market, the stock market can be subdivided into another board market, second board market, gem and so on. Improve the multi-level capital market need to adopt a different policy on three categories of market, be fixed regulation, and improve the pertinence policy. In addition, we should perfect the financing risk evaluation system, perfecting the laws and regulations of our country, vigorously expand direct financing and change capital market development ideas.