The Analysis Of SME Financing In Fujian Province

It has been 30 years since the economic reform in China.The economy of Fujian Province has changed fundamentally during these years.Reviewing the process of development in Fujian Province,we can find that the small and medium-sized enterprises(SMEs)have made great contributions in promoting economic growth,solving employment problems,increasing industrial upgrading,expanding foreign trade,and revitalizing Haixi Economy.The SMEs played an important role in the economy system of Fujian Province,obtained wide attention of the society,and also made the governments at all levels put high emphasis on the SMEs.In 2014,the total industrial added value of Fujian SMEs reached 6475.94billion Yuan,and increased by 18.6%,0.8%,which was faster than the average level of Fujian industries.The SMEs occupied 84.5%of Fujian total industrial growth.Meanwhile,small size enterprises achieved the profit of 2.656 billion Yuan in total amount,increased by 40.4%.However,compared with the important role that the SMEs played in Fujian economy,the financing support to SMEs was too weak.The financing difficulties of the SMEs,has become a main obstacle which oppressed the further development of the SMEs.So we cannot hesitate or wait as to solving the financing problems for the SMEs.This article first analyzes the current financing problems of the SMEs.The article uses quantitative analysis to the financing situation that the SMEs are facing.The article further analyzes the financing system in developed countries,like the U.S.and Japan,summarizes the successful experience of these countries in terms of legal protection,control and coordination of the government,broadening the financing channels and so on,and tries to get helpful knowledge and information from the above analysis.Then,the article points out that the problem that the financing of SMEs in Fujian is so difficult,is due to the finance organizations,financing guarantees,and the SMEs themselves.The article mainly talk about establishing and organizing medium and small financial organizations,developing creative mode of guarantee,expanding the mode of guarantee,improving the self-management and operation of SMEs,and standardizing private credit.In order to solve the financing problems of SMEs,we need:1.Developing and completing the financial system of medium and small finance organizations;establishing banking system with diverse levels and kinds.2.Creating the new insurance guarantee mode under the operation of banking and insurance companies;creating co-insurance mode in which the governments are shareholders and the chamber of commerce are bridges.3.Improving the management and operation of the SMEs in Fujian.4.Regulating and standardizing the private credit,promoting its healthy development.In sum,we should combine all sorts of resource and powers so as to better solve the financing difficulties of the SMEs in Fujian Province.