Analysis On Financing Problems And Countermeasures Of SMEs In Sichuan And Chongqing

As taken an important part in national economy,small-medium companies have exerting an increasingly vital influence in every aspect of economic development and social stability.Sichuan-Chongqing region is an significance unit of the upper reaches of the Yangtze River economic belt,as well as the largest growth potential province in the western region.Therefore,Small and medium-sized enterprises in Sichuan and Chongqing is indispensable for solving the western and even the country's employment problems,promote technological innovation and so on.However,for a long time,affected by the country's economic system,China has always attached great importance to the construction of large enterprises,small and medium enterprises are often in the despair of the embarrassing situation,the lack of funds has been restricting the growth of small and medium enterprises.Especially in recent years,the world economy is generally in the doldrums after the US financial crisis,which also makes the standard of China's bank loans more stringent,and thus exacerbated the pace of development of small and medium enterprises.This paper firstly defines the scope of small and medium-sized enterprises,the status and role of small and medium-sized enterprises in the development of Sichuan-Chongqing region,and shows the significance of the research on financing of small and medium-sized enterprises.Secondly,based on the theory of capital structure,this paper draws lessons from the domestic and foreign scholars' research results,this paper combs the financial issues of SMEs by means of literature research method,combining theory with practice as well as qualitative and quantitative analysis.And then focus on the Sichuan-Chongqing SME financing status analysis,and compare it with Taiwan and the United States small and medium-sized enterprise financing problems,also describes a financing innovation model-"four for a while".And the next,set up the short panel model of the financial data of 100 small and medium-sized enterprises listed on the new board in Sichuan and Chongqing area.The author analyzes the factors that affect the financing ability of the small and medium-sized enterprises,and draws the conclusion.Finally,on the basis of the research,the countermeasures are put forward from the aspects of the overall quality of the small and medium-sized enterprises,the financial institutions and the government to solve their financing problems.Financing difficulties become the bottleneck restricting the great progress of SMEs in Sichuan and Chongqing,mainly in the following areas: the low enterprise credit;single channel for financing;high loan costs;lack of enough support from the government.To deal with the financial problems of SMEs in Sichuan and Chongqing,we must find a way out from the concrete reality.In view of the characteristics of financing small and medium-sized enterprises in Sichuan and Chongqing,we must start from three aspects,optimizing the financing of small and medium enterprises from the internal and exotic environment,enhance the financial system,updating the means of financing and ways.To be more specific: firstly,to enhance the credit rating of SMEs,and actively establish a modern enterprise system;regulate their own financial management;improve their own credibility;but also to further improve the financing guarantee system;establish and improve the credit evaluation system for SMEs and credit Guarantee system.Secondly,China's commercial banks should change their business philosophy as soon as possible,makes it become a real market-oriented bank,targeting the credit sector for small and medium-sized corporate loans and encouraging the establishment of private financial institutions.Finally,promoting SMEs by laws,Sichuan and Chongqing governments of all levels ought to effectively finish the convert of their functions,and constructing policy system as well as giving informational services and other services to create conditions for multi-channel financing.