A Study On The Legal Problems Of Indirect Financing Of Small And Medium - Sized Technological Enterprises In China

Along with the science and technology development, small and medium-sized S&Tenterprise gradually become the main power in the national economic development. It plays amore and more important role on promoting the progress of science and technology, speedingup the adjustment of industrial structure and solving the employment. But the financingproblem is baffling the enterprises, it hinders the speed of the enterprise’s development.Because of competition, more and more Banks put small and medium-sized S&Tenterprise as their customer, this article just choose this case. However through theappearance to the essence, we can see obviously it remains serious problems to the small andmedium-sized S&T enterprise’s indirect financing, the banks’ efforts for their own interestscan’t solve the problems of the small and mid-sized S&T enterprise’s indirect financingfundamentally. The author finds the reasons from the present situation: the support ofGovernment is not enough, the banks just for their own interests, the lack of credit legalsystem and the credit guarantee system is not perfect.The author studies the base theory of the small and medium-sized S&T enterprise’sindirect financing, the different financing demands of different stages, and learn from theexperience of the United States, Japan and Taiwan area. With special situation of the smalland medium-sized S&T enterprise and the actual analysis of our country, it can conclude thefollowing measures:First, to strengthen the government’s support of the small and mid-sized S&T enterprise,and provide a good legal environment for the small and mid-sized S&T enterprise;Secondly, set up a specifical system for the small and mid-sized S&T enterprise’sindirect financing, including a special regulator, special financial services. And use the directfinancing to promote the indirect financing.Thirdly, set up a better legal system of credit, set up the rules for the small and mid-sizedS&T enterprise, the credit guarantee organization and the banks.Then, credit guaranty system must be established.Finally, ensure the safety of loan through strengthening the limited and unlimitedliability of debtor.