Research On The Development And Small And Medium-sized Enterprises Financing Business Innovation Of Commercial Banks

As is known to all,small and medium-sized enterprises(SMEs)play an increasingly important role in China's economic development and social progress.However,they have been plagued by difficulties in financing.At present,the difficulty of financing,the high financing and the slow financing have become an important bottleneck restricting the growth and development of small and medium-sized enterprises,and even become a social problem which is widely concerned by all walks of life.In recent years,it has attracted the attention of our main leaders.Now,all sectors of society,including experts and scholars,have directed their spearheads to commercial banks.It is generally believed that commercial banks have not played their due role in the financing of small and medium-sized enterprises and have not fulfilled their obligations.However,most of them fail to realize that commercial Banks are the main body of the market economy,which is self-operated and self-financing.The factors such as cost,benefit and risk are the problems that must be considered in the business development.Therefore,it is more practical and realistic to think about the financing of small and medium-sized enterprises from the perspective of commercial banks' own development.With the increasing complexity of external economic and financial situation and the continuous promotion of regulatory policies,the business environment of commercial banks is constantly changing.In this context,should we develop the financing business of small and medium-sized enterprises? How to develop small and medium-sized enterprises financing business? It is a real problem facing commercial banks.In order to answer these two questions,this dissertation uses the theories and methods of system science,management science,evolutionary economics and so on to deeply study the above problems.The first chapter outlines the research background,significance,purpose,framework,main innovation points and contributions.The second chapter reviews the related research literature.The third chapter studies the system principle of small and medium-sized enterprises' financing difficulty in commercial banks based on the systematic perspective and lays the foundation for the later research.The fourth chapter studies the evolution of the relationship between commercial banks and small and medium-sized enterprises based on the theory of complex adaptive system and answers the question whether commercial banks should develop financing business of SMEs.The fifth and seventh chapters mainly study how commercial banks innovate and develop the financing business of small and medium-sized enterprises.The fifth chapter is based on the WSR system methodology to systematize and comprehensively analyze the financing business innovation of small and medium-sized enterprises in commercial banks,so as to grasp the whole and ensure integrity.The sixth chapter studies the product innovation of SMEs financing business of commercial banks and solves the problem of “can service” of commercial banks.The seventh chapter studies the mechanism innovation of SMEs financing business,which corresponds to the “good service” of commercial banks.The eighth chapter summarizes the work of this dissertation and prospects for further research.The main work and innovation of this dissertation are reflected in the following six aspects:(1)In the past,most research on the financing of small and medium-sized enterprises was either based on small or medium-sized enterprises or standing in a third party,without considering the practical problems such as costs,benefits and risks involved by commercial banks as independent market operators.Different from the existing literature,this dissertation,based on the development of commercial banks,analyzes and studies whether to develop financing business of small and medium-sized enterprises and how to develop financing business of small and medium-sized enterprises.In accordance with the internal logic of “blue ocean to preempt the small and medium-sized enterprises market,cultivate new profit growth point,developing small and medium-sized enterprise financing,commercial banks in the process can effectively meet the financing needs of some small and medium-sized enterprises,and alleviate the financing difficult problem”,this research jumps out of the inherent thinking mode of “to support small and medium-sized enterprise financing,commercial Banks should be how to do”.(2)This dissertation studies the system principle of financing difficulties in commercial banks of small and medium-sized enterprises and applies self-organization theory to the financing of small and medium-sized enterprises.First,the SMEs financing system is identified and constructed,the connotation,structure and characteristics of the system are analyzed,and the mathematical model of the system is given.Secondly,the dissipative structure conditions and internal operating mechanism of this system are deeply studied,and the law of the system's operation and development is revealed,and the small and medium enterprises are established.Thirdly,the evolution model of SMEs financing system is established,and the existing data are used for simulation analysis and model discussion.Simulation results verify the self-organizing properties of system evolution.Finally,based on the general rule for self-organization evolution of the system,the deep reasons for the financing difficulties of the small and medium-sized enterprises in commercial banks are excavated,and the governance path is given.(3)The theory of complex adaptive system(CAS)is applied to the study of the evolution of the relationship between banks and enterprises in commercial banks and small and medium-sized enterprises.First,it is pointed out that the bank enterprise environment system is a complex adaptive system and the corresponding CAS model is established.After that,the stimulus response model which describes the micro behavior selection of commercial banks and small and medium-sized enterprises,the echo model describing the macro cooperation mode of commercial banks and small and medium-sized enterprises are established respectively.At the same time,the evolutionary game model of commercial banks and small and medium-sized enterprises is established.The research reveals the “adaptive” behaviors,the law of interaction in the cooperation process of commercial banks and small and medium-sized enterprises,as well as the direction of the evolution of the relationship between banks and enterprises and draws the conclusion that commercial banks and small and medium-sized enterprises are bound to move towards comprehensive cooperation.Finally,some suggestions are given to improve the current relationship between commercial banks and small and medium-sized enterprises.(4)The WSR system methodology is used to systematically analyze the innovation of SMEs financing business and strive to grasp the innovation elements and processes as a whole.Firstly,the general connotation of SMEs financing business innovation of commercial banks is given.Secondly,the system dynamics model is built to describe the internal mechanism of SMEs financing business innovation of commercial banks.Thirdly,the general framework model of SMEs financing business innovation of commercial banks is established,including three dimensionals analysis model and process decision model.At the same time,the evolutionary game model of internal cooperation of the bank is established,and the influencing factors are analyzed in order to obtain the synergy effect.Finally,the feasible paths of SMEs business innovation are determined based on three aspects: wuli,shili and renli.(5)The product innovation of SMEs financing business of commercial banks is studied.It is pointed out that at present and for a long time to come,the core reason of financing difficulties for small and medium-sized enterprises is still the lack of credit enhancement measures.The product innovation of banks should be carried out around the means of increasing credit.It is the direction of product innovation.After that,the “pool platform” financing product based on the current assets of small and medium-sized enterprise,the “stock + debt” financing product based on the value of the small and medium-sized sized enterprise,as well as the accounts receivable financing mode based on the commercial credit of the large enterprises with cooperation are designed.Finally,several innovative ideas of products based on niche pledge or free guarantee are given.(6)The mechanism innovation of SMEs financing business of commercial banks is studied.The overall innovation idea of the operation mechanism of SMEs financing business is put forward: “specialization of business operation,flexibility of market pricing,guidance of performance appraisal,financing application online,flattening of examination and approval,self-service of withdrawal and repayment,and automation of post-loan management”.The process of examination and approval of SMEs financing business is optimized and improved.A loan pricing model based on the value added of the business is established and the implementation strategy is given.The performance evaluation index system of the special organization for SMEs financing business is constructed,meanwhile the assessment and incentive mechanism for the customer manager and the risk manager is designed respectively.Finally,the loan withdrawals,repayment methods,and post-loan management mechanism are combed and improved.