A Frame Of Solving Difficulties Of Financing Of Smes

Since reform and opening-up, the small and medium-sized enterprises of our country have emerged and developed rapidly in a large amount, becoming important strength of promoting the development of economy and safeguarding the social stability. However, small and medium-sized enterprises have met many problems while developing rapidly. Because the business activities of small and medium-sized enterprises are bad in transparency, weak in financial information openness, and lack in mortgage hypothecates assets, loan and financing difficulty thus produced have been the important factor containing its own fast-development. Proceeding with definition of small and medium-sized enterprises, this text summarizes and analyses the development courses and current situations to the small and medium-sized enterprises of our country, and the financing current situations of the small and medium-sized enterprises of our country. In the introduction of financing basic theories and study on financing problem of small and medium-sized enterprises, this text also analyses the root reasons from three perspectives of endogenous financing, direct financing, indirect financing. Based on such analyses, the text holds that solving financing difficulty is a system project, which needs considering at many levels, synthesizing and coordinating altogether, and builds up the concrete frame of solving the difficult problem of financing of small and medium-sized enterprises of our country.