The Research On The Financing Embarrassment Of Small And Micro Businesses In Our Country

Although China’s small and micro enterprises started late, but with the deepening of reform and opening up, the market economic system gradually established and perfect, small and micro enterprises in the national economy is playing an increasingly important role:the data show that the national small and micro enterprises contribution to GDP ratio is far more than60%, creating a more than75%of employment and50%of revenue. Therefore, studies of small micro enterprise development status and existing problems and propose solutions targeted to very necessary.Based on the theoretical research of the theory of credit rationing at home and abroad, this article analysis the stage of China’s small and micro enterprise financing and external financing are difficult, this is due to weaker capital of small and micro enterprises, corporate governance structure is imperfect, lack of technical persons and innovative capacity, resulting in a small micro enterprise financing difficult endogenous; the limit of commercial credit and requirements of safety operating, the profitability of small and micro enterprises to obtain bank loans is more difficult; private borrowing costs high, in order to achieve long-term capital required for operations is not desirable; finance lease does not apply to all small and micro enterprises; China’s capital market is not perfect, and public enterprises to issue bonds in the capital market and stock threshold is high, small and micro enterprises to use capital markets there are certain difficulties in financing.In order to solve the financing problems of small and micro enterprises, this paper analyzes the United States, Japan, South Korea and Taiwan as the representative of developed countries and regions of the small micro enterprise financing system conditions for the financing of small and micro enterprises to provide some reference. To verify the status quo of China’s small micro enterprise financing, the paper selected a joint-stock commercial banks, in Changsha Hunan Province and three small and micro enterprises to analyze commercial banks to small and micro-enterprise credit business situation and the development of small and micro enterprise financing problem. Finally, based on the theoretical study, Experience and case studies, the paper made a few suggestions to small and micro enterprises for the financial...