Discussion On Crack The Role Of Governments In Enterprise Financing Problem

Capital is the blood for enterprise to survive. Whether we can gain cheap internal and external financing quickly and conveniently or not, to some extent, determines the rise and fall of enterprise. The academic study of financing in enterprises is very adequate and fruitful, especially the financing problem of small and medium-sized enterprise. However, in recent years China's economic developing environment has experienced greater changes. In the area of real economy, especially the situation of manufacturing industry hit a new historical low record. Real estate industry outshines others and is continuing popular. Owing to the profit of capital, a large number of financial resources integrated into real estate and related industries, objectively creating the " blood effect " to manufacturing industry. In this case, the problem of difficult financing and expensive financing is not the patent of small and medium-sized Enterprises anymore. In traditional industries such as coal industry, steel industry, chemical industry and non-ferrous industry, many medium and large enterprises, even some of the large state- owned enterprises are facing the danger of loan banks, breaking loan and press credits. Part of the business were confront with the edge of stopping production and collapse. This situation not only will bring an adverse impact on economic development, but also create a chained series of problems of employment, stability and the spread of the crisis which we have to say is the current " market failure " status. One of the main purpose of government regulation of macroeconomic is to use administrative means which can stabilize fluctuations in the periodic industry. This is exactly the starting point and the value of this article according to the problem.The paper uses the new public service and asymmetric information theory and adopts method of empirical analysis. Through the arrangement of business data and business information, the article aims to comprehensively grasp the information of present situation of corporate finance as much as possible. What'more, through the in-depth analysis to study on the reasons that causes the difficulty of enterprise financing. The article uses qualitative analysis. During the analysis, it is said that the main problems that the cooperate financing faces at present is focus on several aspects such as high financing costs, common smoking loan- loan situation, difficulty in renewing loans and guarantees, poor direct financing channels, the problem of mutual trust between banks and enterprises. Then using the action and experience of America, England and German for reference, we proposed the way to dig deep capital markets and expand financing channel. In addition, enforcing five service method such as strengthening market regulation; regulating the development of industry; focus on the important and difficult points; defusing financial risks; insisting in different treatment; promising help and control and innovating policy measures.The main framework of this article: The first part briefly describes the background and significance of the topic. The second part discusses the corporate financing situation in henan province, adopting the method of "dissecting sparrow" to study the component of enterprise financing cost concisely and analyze the causes of the phenomenon; The third part is analyzing the measures that the United States, Britain, Germany and other western developed countries took to alleviate enterprise financing difficulty and took their ways for reference; The fourth part based on the achievement of research, puts forward concrete advice to the government about their behavior during the process of corporate financing which in order to alleviate the difficulty in enterprise financing in our country.