The Research On SMEs' Collection Notes

qOn November 26, 2009, the first set of SMEs'collection notes was successfully issuedand listed on the inter-bank bond market and it becomes a new debt financing choice forSMEs. As a financial innovation to solve the problem of financing of SMEs, SMEs'collectionnotes help SMEs get rid of too much reliance on bank loans when financing, and impel SMEsto get out of local capital markets and move towards the national capital market, and facilitatefinancing for SMEs by issuing together, united-credit enhancement and other measures.Currently, all over the country do the pilot work and gradually issue their own SMEs'collection notes, and the financing scale of SMEs'collection notes is constantly expanding,but there are still some deficiencies in SMEs'collection notes, and whether this kind offinancing option can be extended to a wider range of SMEs faces with some problems.Therefore, it is necessary to study deeply on SMEs'collection notes.The first chapter of my dissertation analyzes the research background and currentsituation of the research of SMEs'collection notes. The second chapter gives the introductionof SMEs'collection notes in detail, and deeply studies on the institutional design,organizational structure and operational processes of SMEs'collection notes. The thirdchapter compares SMEs'collection notes with other financing options, and sums up thecharacteristics of SMEs'collection notes. The fourth chapter introduces the current situationof SMEs'collection notes in our country and points out the problems of SMEs'collectionnotes in reality. The fifth chapter gives some relevant improvement measures according tothese problems.