Analysis On The Model And Institution Of Private Lending Capital Matchmaking SME Financing Market

With the development of China's economy,the SMEs have developed rapidly and become the important strength to promote the economic development of China.However,the financing demand of SMEs has not been satisfied for a long time,which hinders the development of SMEs.In recent years,the continuously expanded private loans have just satisfied the financing requirements of SMEs and gradually become one important financing channel of SMEs in China.In the meanwhile of providing huge capital for the development of SMEs,the private loans have some disadvantages as well.Starting from the integrating mode of private loans and SMEs,this paper looks for a multi-layer,orderly and multi-directional integrating mode,which has certain realistic significance.Starting from the financing methods of Chinese SMEs and the current situation of private loans,this paper concludes the problems of China's SMEs and private loans.And then,by applying the SWOT and method of feasibility analysis,it concludes that China's private loans possess a broad prospect for development and have positive significance on the financing of SMEs.Meanwhile,by applying the method of comparative analysis,it refers to the experience and draws lessons from America,Japan and Wenzhou.Combined with the national situation of China,it designs the integrating thought,and then establishes a multi-layer,orderly and multi-directional integrating mode and relevant systems.According to researches,the difficulty of determining the legal status of private loans and unitary financing structure of SMSs are still the root that hinder the development of private loans and SMEs.In the aspect of making up for the credit gap of formal lending market and promoting the development of SMEs,private loans have natural superiority and practical feasibility.SMEs should select corresponding financing modes according to the life cycle of enterprise.The realization of multi-layer integrating mode cannot be separated from the relevant legal support,guidance and supervision of governmental financial departments.The paper discussed the matchmaking of the longitudinal and transverse feasible models of two dimensions,including the three directions of longitudinal mode and four stages of transverse mode,system arrangement and compatible with docking models.