Comparing Researches On The Support Policy Of Small Firm In Finance

In modern Market Economy, SMEs is the most active and one of the highest number of economic strength. It is very important to the stable and healthy development of National Economy. The study showed that the existence of SMEs promote the competition and technical innovation, demonstrate the entrepreneur talent, increase the wealth of the community and create a lot of employment opportunities. SMEs prosperity have an important role in promoting the prosperity of modern Market Economy. However, in China, given the lack of credibility and the poor development of the financing system, SMEs are facing long-term financing difficulties. Financing difficulties have hindered the development of SMEs, and ulteriorly hindered the healthy development of the National Economy. Therefore, the SMEs problem of financing is an important issue of China's current economic development.This paper considered that the key to resolve the SMEs problem of financing is to resolve the Market Failures due to the lack of credibility and the poor development of the financing system. According to Industry Policy Theory, the government's industrial support plicy is a major way to resolve the Market Failures. At the international level, in order to resolve the SMEs problem of financing, the most world's developed capitalist countries introduced a seaies of support policies and measures, and shape their own SMEs financing service system. These practical experiences can serve as an important reference for resolving the SMEs problem of financing.This paper is from the idea of Product Life Cycle Theory, using the type of production as the criteria for the classification of SMEs, we devide Middle-small Firms into types of innovative SMEs, of high-tech industries SMEs and of traditional industries SMEs. We analyses the economic characteristics of the different types of SMEs. And outlined the construction of the financing service system in American, in Germany and in Italy. At the same time, adopt the same classification to select the representative national sample of the region, analyses its economic characteristics, reviews its financing support policies. The aim is to provide a theoretical reference for using the international experience to build our own SMEs financing service system.