| SME(Small and micro enterprises)have witnessed the prosperity of China's economy,and become the key to develop the national economy.SME could solve the employment problem,create technology and capital,encourage mass entrepreneurship and innovation,improve big corporates' competitiveness,and eventually become the new engine of Chinese economy.But the condition of SME's survive in China is not optimistic,and one of the main reasons is the financing problem.Recently,Chinese government has issued a series of policies that focusing on encouraging and supporting SME.Firstly,On September 1,2017,the standing committee of the National People's Congress amended the "law on the promotion of SME" had a chapter about financing.Secondly,set up the SME's science and technology innovation fund,the national SME development fund,the national financing guarantee fund and the national guidance fund for new industries and entrepreneurship.Thirdly,reduced tax and fees charged by enterprises.Fourthly,supported local governments establishing SME entrepreneurship and innovation's city.Lastly,set a proportion to support SME to participate in the government procurement.But,due to domestic economic growth slow,financial institutions reducing credit supply in order to control risks,it's also difficult to meet the SME's financing needs.Therefore,supporting SME's financing by fiscal policy is not only the considered to promote the development of SME,but also the considered to promote the innovation,the employment's rate,the economic development,etc.This paper combined SME's development present situation with the current SME's financing problems,divided the current fiscal policy about SME financing into four parts,and made specific elaborations of each parts.According to international experience,put forward the corresponding fiscal policy to ease SME financing difficulties,for supporting the SME's development.First chapter is the introduction.First,introduced the background and significance of the title.The second part is the literature review,which mainly introduces the development of the finance promotion theory of SME by foreign and domestic studies.Finally,summarized the content,method of this paper,the innovation point and the deficiency.Second chapter is the relevant theoretical basis.Firstly,defined small and micro enterprises.Secondly,analyzed the financing mode of SME.Finally,analyzed related theories about the SME'S financial support.Third chapter is the analysis of the financing status of SME in China.Based on the development status of SME in China,this chapter discusses the financing problems about SME,then analyzed the reason from enterprises,financial institutions and government.Fourth chapter is the policy analysis of financial support for financing SME in China:special financial subsidies,set up the SME innovation city,government credit guarantee,reduce tax and fees.Then analyzed the existing problems of fiscal policy.Fifth chapter is the reference of international experience.This part analyzes the fiscal policies of the United States,Japan and Germany,and puts forward relevant enlightenment and reference.Sixth chapter is the policy suggestions.This part puts forward policy suggestions from the aspects of strengthening the policy coordination,utilizing social forces to participate,tax and fees reduction,and credit guarantee system. |
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