Research On Financing Of Small And Medium Enterprise In Changchun

Since the reform and opening-up,with the continuous implementation and improvement of the market economic system reform policy,Small and medium-sized enterprises have developed rapidly and become more and more important to the economic development.Small and medium-sized enterprises have the characteristics of large quantity,wide distribution and large economy.It is not only the main source of national and regional fiscal revenue,but also an important carrier for public entrepreneurship and innovation,and plays an irreplaceable role in promoting economic development,increasing employment and technological innovation etc..But it is worth noting that financing difficulties and short-term financing behavior has plagued the development of small and medium enterprises.The small and medium-sized enterprises in Changchun,due to their own characteristics and the financing environment of the dual factors led to the development of the process of capital shortage and financing difficulties,seriously hampered the development of small and medium enterprises in Changchun.If can not fundamentally solve the problem of financing difficulty and the high cost of financing,it will be hard for the small and medium-sized enterprises in Changchun to get out of development bottlenecks,and even affect the healthy development of the entire region economy.Therefore,in-depth study of SMEs financing problem,has important practical significance to the economic development of Changchun.Based on the theory of combing the related theories and the existing research literatures,this paper analyzes the overall development of small and medium-sized enterprises in Changchun from the aspects of quantity evolution,industry distribution and economic effect.Based on 120 small and medium enterprises in Changchun,the research questionnaires were designed around the basic operation status,the enterprise financing situation and the enterprise financing policy environment.The research results were systematically analyzed(including financial,cultural and creative,e-commerce,logistics,information technology and other enterprises.)From the two dimensions of the SMEs internal characteristics and financing environment,analysis of small and medium enterprises Changchun stage development characteristics and financing problems,explore the deep-seated causes of the financing difficulties of small and medium-sized enterprises,and puts forward the feasible countermeasures and suggestions to solve the financing difficulties of small and medium-sized enterprises.With the development of the enterprise environment is improving,the number of small and medium enterprises in Changchun has been expanding,the number of employees has been increasing,the ability of scientific and technological innovation has been improved,the industrial level has been gradually improved,and the business area has been further widened,from the overall out of the simple number of growth,which formed a quantity and quality of the development pattern,laid a solid foundation for promoting the economic development of Changchun.From the industry distribution,small and medium enterprises in Changchun are mainly distributed in the second and tertiary industries and has gradually converged to the tertiary industry,highly concentrated in the wholesale and retail trade,manufacturing,leasing and business services industries,especially wholesale and retail industry.From the well-known brand distribution,small and medium enterprises in Changchun mainly concentrated in small and medium enterprises in the building materials,clothing and automotive industry.At present,the formation of automobile,rail passenger cars,agricultural products processing,optoelectronic information,such as the ten small and medium-sized industrial clusters,has become the main driving force of economic transformation and growth in Changchun.It is noteworthy that the majority of small and medium enterprises in Changchun in the development period,has not yet fully entered the scale of expansion,especially with the developed cities and the national average level,its relatively slow pace of development,small enterprises,the total economic large and unreasonable industrial structure,weak scientific and technological innovation ability,low degree of industrial aggregation,relatively backward management and financing,poor financing channels and other issues,are seriously restricting the sustainable development of small and medium enterprises in Changchun City.From the total amount of capital point of view,small and medium-sized enterprises in Changchun are small in scale,weak in strength,poor in sustainable development,small and medium-sized enterprises and modern service industries are relatively small.From the financing channels,the four majorstate-owned bank loans,private lending also occupy a considerable proportion of the issuance of bonds,equity financing and other financing channels to obtain a relatively small proportion of capital support.From the perspective of capital demand,due to technological innovation and expansion of production capacity,expand product sales channels,to make up for the rising cost of production factors and other factors,the urgent needs of SMEs financing in Changchun.From the capital structure,the proportion of current assets due to high impact,accounts receivable and inventory factors such as large,capital needs of small and medium-sized in Changchun has the characteristics of continuity and persistence,and strong timeliness,money demand scale single small.From the cost of debt financing and equity financing costs,Changchun SME financing in the development period can only choose between bank loans and other financing methods.Changchun has followed a series of important documents,such as enterprise financing,structural optimization,development environment,capacity building,market development and public service platform construction,to encourage and encourage the innovation of small and medium-sized enterprises and open up the market.In the process of deepening the implementation of small and medium-sized enterprises in the development of the process,gradually establish and improve the ten public service platform,ten training base for small and medium enterprises to support the cultivation of financial institutions and financing intermediaries,the construction of security agencies,banks,The bridge for the development of small and medium-sized enterprises to provide policy support and protection.However,it is noteworthy that the implementation of policy lines and specific measures are not yet in place,in principle,most of the strong strength of the document,the lack of practical operation,in order to achieve the actual needs of SMEs do a good job in place policy did not achieve the desired goal,to a certain extent affect the effectiveness of small and medium enterprises to solve the financing difficulties.To solve the financing difficulties of small and medium-sized enterprises in Changchun,we should formulate countermeasures and suggestions from the following aspects: First,improve the financing capacity of small and medium-sized enterprises by strengthening the enterprise's credit infrastructure,improving the management level of SMEs and improving the level of financial management.Second,from the support of SMEs to increase the degree of reform and innovation of financialinstitutions to promote diversification and characteristics of the financing of the market and other aspects of the use of banking institutions to expand the credit of small and medium enterprises.Third,improve the financing of small and medium enterprises bank financial institutions.Fourth,from the promotion of mechanisms and platform construction,strengthen the precise guidance and help development,improve the policy support system and the development environment,supporting the implementation of specific measures to improve the government to support small and medium enterprises financing policy.