There are many market economy subjects in Dezhou,small and medium-sized enterprises(hereinafter referred to as SME)are the most active market players which drive the sustainable development of Dezhou domestic economic society in the long term.They are closely correlated with the prosperity,stability,and sound development of Dezhou.What’s more,they play a significant role in many aspects such as promoting economic growth,transforming the economic development pattern,stabilizing employment,increasing residents’ income,maintaining social stability,and flourishing market economy.In order to deal with the SME’s financing problems,Dezhou Municipal Government have made a great deal of beneficial explorations and has achieved effects to some degree.However,the SME’s financing problems in Dezhou has not been solved well and truly.The paper is structured in such a research logic as proposing the question,then analyzing the question,and solving the question.Firstly,I organize the relevant documents and theories both at home and abroad targeting SME financing problems and government support.Then I define the terms of SME and Financing as well as introducing the theories of asymmetric information,public goods,and market failure.Last I comb and summarize policies and measures adopted by central and local governments to support SME financing.By means of questionnaire and face-to-face interviews,the status quo of financing of 400 SME in Dezhou was investigated,the financing problems are mainly embodied in the following three aspects----limited financing channels,a lack of long-term and stable capital sources and relatively high financing costs.Because SMEs play an important role in Dezhou’s economy,there are financial gaps in Dezhou’s SMEs,and there are some market failures in the financing of SMEs in Dezhou,,Dezhou municipal government should further support the financing of small and medium-sized enterprises in Dezhou City,the Dezhou municipal government has taken the related policy and financing to build a platform to broaden financing channels for enterprises,to strengthen the construction of credit system of small and medium-sized enterprises and other means to promote the financing of small and medium sized enterprises.The supportive policy is not fully implemented.The auxiliary system of financing service is not perfect.The financing channels is not expedite.Government gives insufficient support.And the docking mechanism of cooperation among government,banks and enterprises is incomplete.All of them are the major problems in government supporting SME financing.And these problems are attributed to insufficient attention of government,low qualities of SME,over superficial supportive policies,lack of supervision and encouragement in financing policies,and improper interference of government.Regarding to the above problems and causes,I put forward some counter-measures for government’s further supporting SME financing from aspects such as completing and implementing existent policies,perfecting supporting system of financing service,exerting government’s function of public service,eliminating improper political interference,enforcing financial and political assistance,as well as strengthening the construction of the cooperation platform among government,banks and enterprises,and making an effort to guide SME to improve their qualities. |