Financing Problems And Countermeasures Of Small And Medium-sized Enterprises(SMES)in Hedong District Of Linyi City

With the development of the national economy,small and medium-sized enterprises(SMEs)are playing an increasingly important role in activating the market,expanding employment,enhancing economic vitality,and enhancing economic efficiency.China will deepen supply-side structural reform,speed up the building of an innovation-oriented country,strengthen support for the innovation of small and medium-sized enterprises,and continuously enhance China's economic innovation capacity and competitiveness,according to a report to the 19 th national congress of the communist party of China(CPC).In addition,small and medium-sized enterprises have their own shortcomings,such as small scale,imperfect management system,the overall competitiveness of small problems,the development of small and medium-sized enterprises is more difficult.Among the many difficulties,the financing problem bears the brunt.The status quo of single financing channel and low credit rating is widespread among small and medium-sized enterprises,which greatly restricts the development of small and medium-sized enterprises.This paper selects the small and medium-sized enterprises in Linyi city as the research object,takes the economic development and industrial structure of Linyi city as the background,studies relevant theories and obtains statistical data,and adopts the analysis method combining macro and micro to have an in-depth understanding of the economic development status of Linyi city.Through the field investigation,it is concluded that the financing channel is single,the financing cost is high,the financing structure is unreasonable and so on.At the same time,there are many problems on the financing road of the development of small and medium-sized enterprises.Insufficient government support;Multiple conditional restrictions on lending by financial institutions.On this basis,we can learn from the relevant measures taken by other regions at home and abroad,and then explore ways to solve this problem.Secondly,it proposes several new financing methods for small and medium-sized enterprises in line with contemporary development,including Internet financial financing,supply chain financial financing,equity-based crowdfunding and bond financing.Through SWOT analysis,analyze the advantages and disadvantages of several financing methods,in-depth analysis of its feasibility.At the same time,combining with the actual cases,analyze the different impacts of different financing methods on enterprises.Finally,the paper puts forward several countermeasures to solve the financing problems of SMEs :(1)the government should formulate new policies in line with the development of The Times;Tax relief;Improve credit rating,etc.(2)financial institutions should also develop new mechanisms and improve their service level and lending structure;We will improve the credit guarantee system.(3)in the new financing environment,Internet finance,supply chain finance and other links should also get new development and receive new attention.(4)in addition,there are many and complex reasons leading to financing problems.SMEs should not only rely on external forces,but also strengthen and improve themselves.While improving the basic system,we should develop innovation and entrepreneurship,keep up with the development of The Times,and choose various financing methods to deal with multiple financing problems,such as Internet financing,supply chain financing,and equity-based crowdfunding.This paper holds that the in-depth research and analysis on the financing problems of small and medium-sized enterprises,so that the financing problem will no longer become a bottleneck restricting the development of small and medium-sized enterprises,so that the advantages of small and medium-sized enterprises will be sustained and maintain the development,which is of far-reaching significance to the long-term economic development in Linyi city.