The Impact Of Inclusive Finance On The Financing Of Small And Micro Enterprises

Small and micro enterprises account for a great proportion in China market,which has a great effect on the employment,taxation and economic development in China.However,Small and micro enterprises are characterized by small volume,limited tangible assets,imperfect financial management and operation information,the situation of information asymmetry is serous for Small and micro enterprises.As a result,small and micro enterprises have the financing constraint problem of high capital cost,It is difficult for them to raise money from traditional financial institutions.And the proposal of inclusive finance has become the main way for small and micro enterprises to obtain financing.Inclusive finance refers to inclusive financial services that rely on digital information technologies such as big data,block chain and cloud computing,by using the business data collected by big data technology to evaluate the credit status of small and micro enterprises,and construct the credit relationship chart,so as to reduce the problem of information asymmetry between traditional financial institutions and small and micro enterprises,which effectively alleviates the financing constraints faced by small and micro enterprises in the traditional financial environment.The efficiency of loan approval can also be effectively improved,thus reducing the phenomenon of financing constraints.In this regard,this paper intends to review the existing relevant theories by referring to relevant research literature,and adopt empirical analysis and heterogeneity analysis to match and analyze the financing costs of small and micro enterprises and relevant business data under the role of inclusive finance.Finally,the conclusion of the impact of inclusive finance on the financing cost and constraints of small and micro enterprises is drawn,which provides data supplement for existing research.In view of the existing problems,and put forward targeted solutions and suggestions for small and micro enterprises,financial institutions and national institutions,in order to promote the impact of inclusive finance on the rescue of small and micro enterprises.In this regard,this article intends to make reference to relevant research literature,combing the existing relevant theory,using empirical analysis and heterogeneity analysis,under the influence of Pratt&Whitney Finance,based on the matching analysis of the financing costs of small and micro enterprises and the related business operation data,this paper draws the conclusion that Pratt&Whitney Finance has an impact on the financing costs and constraints of small and micro enterprises,which provides data supplement for the existing research.In order to promote the effect of inclusive finance on the assistance of small and micro enterprises,we put forward some countermeasures and suggestions for small and micro enterprises,financial institutions and state institutions.