Research On The Financing Of Small And Medium Enterprises

Finance is the core of modern economy, capital is the driving force behind the first enterprise development and sustainable driving force. SME to the sustained and healthy development of the same can not be separated from the supply of funds and support. The small and medium enterprises(SME) in China's national economy is an important part of the country's economic development has played an irreplaceable role. How to improve the financing situation of SME, the SME financing to support the establishment of our system by all sectors of the community's attention. However, the reality has always been financing small and medium enterprises at a disadvantage, even in the economic development of fast, flexible market mechanism, improve the capital market of western developed countries, financing small and medium enterprises are also faced with numerous difficulties, to a large extent dependent on the Government's Assistance and support. In our country, the development of SME because of their late start, the market mechanism is not perfect, immature, less developed venture capital industry, SME are more restrictions, financing channels are very poor, financing small and medium enterprises are facing greater difficulties.The financing structure of SME is the result of the conduct, but it is also a reflection of the efficiency of financing. China's small and medium enterprises financing structure has high debt, high-current liabilities of the characteristics. By analyzing the structure of the SME in the current situation, one can see the features of the funding needs of SME, and further analysis of the financing of SME.China's SMEs have difficulty financing their own reasons, but also banks and financing environmental reasons, there is a system in the design and building regulations factors. In this paper, empirical, qualitative and theoretical point of view of the plight of the source of financing small and medium enterprises are analyzed. If you ignore the nature of the commercial banks, financing small and medium enterprises will be hard to blame the commercial banks do not loan is not correct. Research on financing small and medium enterprises, it should be and must correctly understand and difficult to distinguish between corporate finance, corporate finance which is not difficult; corporate financing which is normal and what corporate financing is abnormal.The SME can not develop without government support. Many of the world's countries and regions with particular emphasis on financing support from small and medium enterprises, small and medium enterprises to set up a special body to develop a series of laws and policies in finance, finance for small and medium enterprises in areas such as the development of a strong Support was a great success and accumulated a wealth of experience. This is perfect for our small and medium enterprises-governmental organizations to support the development of the system provides a wide range of options.In China, for financing small and medium enterprises to improve the difficult situation of the ideas and suggestions, on the whole, from the Government, banks, small and medium enterprises own three-pronged. In particular, the effect of the current fastest way is to improve the credit guarantee system for small and medium enterprises, SMEs in the establishment of policy banks; short-term goal is to reshape the relationship between banks and enterprises, and expand financing channels, decentralized system of risk in the banking system; of course, is to strengthen SMEs in their own self-accumulation capacity.With regard to non-governmental financing. Private financing to meet many of the official financial system is difficult to meet, but do have a lot of room for growth in the demand for financing of investment opportunities. In mainland China, economic growth, the most active regions such as Zhejiang and Guangdong, in fact, the most active non-governmental financing. "Non-finance has a function to optimize the allocation of resources, reducing the small and medium-sized private enterprises of the bank's credit pressure, and the transfer of the bank's credit spread risk." This is the People's Bank of China in the "2004 China's regional financial operation report" on the financing of civil The evaluation. How to guide and regulate the private financing to the private lending legal position of the sun its guide and standard development, financial innovation is an important aspect of SME financing is difficult to solve one of the effective ways.