Case Analysis Of"X Xinrong"Small And Medium-Sized Micro-Enterprise Financing Service Platform

At present,small,medium and micro enterprises have become important economic entities to promote the rapid development of China's economy,but most small,medium and micro enterprises face problems such as difficulty,expensiveness and slow financing.In response to the financing problems faced by small,medium and micro enterprises,some regions have begun to explore and establish government-led financing service platforms,hoping to use the platform's financing services to ease the financing dilemma of small,medium and micro enterprises.At present,most scholars have little research on government financing service platforms,so in-depth analysis of such platforms has certain value.Based on the above background,the thesis conducted a case study on the successful "X xinrong" small and medium-sized enterprise financing service platform piloted by H Province by referring to a large number of documents and field investigations.The paper first summarizes and theoretically analyzes the relevant content,and finds that information asymmetry and high transaction costs are the main reasons that cause SMEs to face financing difficulties.The government financing service platform also solves these two major problems,thereby alleviating the financing difficulties of small,medium and micro enterprises.Secondly,based on theoretical analysis,the thesis conducted a case study on "X xinrong" platform to ease the financing difficulties of small and medium-sized enterprises.After introducing the relevant situation of the "X xinrong" platform and its service model,the paper focuses on analyzing the advantages and disadvantages of the platform in easing financing difficulties.The advantages of the "X xinrong" platform to ease financing difficulties are:(1)The leading government of the platform has not provided effective credit enhancement methods to help commercial banks mitigate the risk of default after lending;(2)The platform's loan matching service can gather effective financing information and reduce the transaction costs of both parties;(3)The platform makes full use of financial technology to improve the efficiency of financing while further alleviating information asymmetry and reducing transaction costs.But the "X xinrong" platform also has certain deficiencies:(1)The leading government of the platform has not provided effective credit enhancement methods to help commercial banks mitigate the risk of default after lending;(2)The platform has a single financing source,which is difficult to help small and medium-sized enterprises in the initial stage to alleviate information asymmetry and reduce transaction costs;(3)Due to difficulties in operation and talent introduction,the sustainability of financing services is difficult to guarantee.The final paper combines the advantages and disadvantages of the "X xinrong" platform to alleviate financing difficulties,and proposes to launch products based on government data as loans,introduce value-added service institutions to improve financing services,introduce direct investment institutions to enrich financing sources,and implement the government.Guarantees and risk compensation,as well as increased support for the platform and other perfect suggestions,and summarized the "X xinrong" platform to other regions of the government to alleviate the financing difficulties of small and medium-sized enterprises.Through specific cases,the paper analyzes the theoretical mechanism,advantages and potential deficiencies of the government-led financing service platform to alleviate the financing dilemma of small and medium-sized enterprises,and proposes relevant suggestions to improve the future work of the "X xinrong" platform.At the same time,it also provides some references for other regional governments to ease the financing difficulties of small and medium-sized enterprises.