Study On Financing Difficulties Of SMES In Taizhou City Jiangsu Province

As the most active main body in the socialist market economy,SMEs play an increasingly important role in promoting economic development,optimizing economic structure,offering jobs,promoting scientific and technological progress.Under the framework of the central and local policy advice on supporting SMEs,China’s SMEs have also seen a booming trend.According to the relevant data of the 2017 China Statistical Yearbook,as of the end of 2016,there were 368,900 small and medium-sized industrial enterprises above designated size,accounting for 97.35% of the total number of industrial enterprises above designated size in 2016.However,in recent years,SMEs have been bankruptly closed due to the break of the capital chain,and “running” events have occurred frequently.The problem of financing difficulties for SMEs is not a case but a general phenomenon.This article is represented by SMEs in Taizhou City,Jiangsu Province.Firstly,through the official website of the National Bureau of Statistics,the annual statistical yearbook of Taizhou City,the Branch of Taizhou Banking Regulatory,and the Financial Office of Taizhou City,this paper finds the data of various indicators of SMEs,analyzes the basic status quo of enterprise development.While the SMEs in Taizhou contribute to the economy,the main problems are chaos of corporate governance,backward technology,insufficient research and development,imperfect financial management,opaque information disclosure,lack of funds and labor,and low industrial clusters of SMEs.Secondly,this paper analyzes the status of bank financing and private financing of the main financing methods of SMEs in Taizhou.Through statistical analysis of the financing questionnaires of 208 sample enterprises in Taizhou City,the paper analyzes the financing status and financing problems of SMEs in Taizhou City.The statistical results show that there are several problems such as financial gaps in SMEs in Taizhou City,insufficient bank financing support,and narrow financing channels for enterprises,insufficient guarantees.Finally,based on the conclusions of the investigation and the actual situation,this paper gives countermeasures and suggestions.It hopes to promote the healthy development of SMEs in Taizhou City,eliminate the financing obstacles of SMEs in Taizhou,and promote the financing mode use in practice.