Studies On The Changes Of Financial Institutions And Financing Decision-making On Small And Medium-sized Enterprises

The emergence and development of the institutions is the basic requirement of economic development and the inevitable result, the level of economic development and structure are determined the scale of financial transactions and the manner , but in turn the reforms of financial system are the major factors which affected. Different levels of economic development and different stages of the division of trading and market size for the financial system have different characteristics and complexity. So the short-term economic development of the financial system decided to the change of stage characteristics. The upgrade of financing is based on the level and stage of economic development, However, in different stages have different financial environment, monetary policy and financial development. China is in the economic development and financial restructuring of the critical period, the structure of the financial system reform, enterprises are on the crossroad of how to select suitable means of financing and development, the importance is self-evident. Therefore, this choice of China's financial system and change the decision-making on financing small and medium enterprises is of great theoretical and practical significance.This article start with the basic theory to explain the system and financial system changes in the history, financing for SMEs, the SME financing on the basis of the decision-making - as well as the capital structure of the theory of the basic types of financing small and medium enterprises; And then analyzed the changes of financial system and the financing of small and medium enterprises in decision-making mechanism, reviewed the changes in China's financial system history, list the main factors of Chinese financial system changes, demonstrated changes in the financial system of China's SME financing policy-making, Once again through the establishment of a model of the SME financing policy-making decisions - the best time for financing and financing decisions, Finally, from the level of system proposed to improve the financing environment and the promotion of small and medium enterprises financing of specific measures, including the establishment of clear property rights and economic systems, reduce market transaction costs; to strengthen the credibility of the modern enterprise system, to reduce the information asymmetry; increased government support for , A sound market system of organizations and other measures.