The Effectiveness Of Sme Financing Platform For The Construction Of Changsha High-tech Zone And Its Improvement

Nowadays, small and middle enterprises are important parts of national economy whether in European developed countries or in other developing countries. They play an irreplaceable role in promoting technical improvement, increasing tax and revenue, providing job opportunities and keeping the society steady. To some extent, the activeness of small and middle enterprises can stand for the activeness of economy in that country or region. So small and middle enterprises are highly valued in developed countries. However, Financing has become the bottleneck of small and middle enterprises in China now because of the economy mechanic and policies and the relatively weeker intrinsic strength of small and middle enterprises.To resolve the financing problem of small and middle enterprises within the Changsha National High-Tech Industrial Development Zone, to cultivating and assisting high-tech small and middle enterprises, to promoting the economy of High-Tech Industrial Development Zone or even the local economy in the whole Changsha, The Administrative Committee of Changsha National High-tech Industrial Development Zone as well as China Development Bank and other four organizations has built "The Financing Service Platform of Changsha National High-Tech Industrial Development Zone for small and middle enterprises". So the key point is how to balance different interests within the CNHTIDZ, how to resolve the practical problems and how to assure the safety and revenue of the capital market as well as promoting the local economy, how to integrate the resources provided, how to synergy and how to keep itself run healthy. As a result of that, it's of great importance for the small and middle enterprises in Changsha area to study this particular platform.In this paper, we first introduce the framework, function and mechanic of the "The Financing Service Platform of Changsha National High-Tech Industrial Development Zone for small and middle enterprises". Then we use multiple research methods: questionnaire research, empirical study and literature review to analyze and review the effectiveness and limit of the platform on the basis of the indicator system measuring the effectiveness of the platform. After that, on the basis of the goal of the platform as well as the weakness of the platform found, we provide detailed and feasible measures to improve the platform.In the research of how to improve the financing service platform, we propose that "expanded loan main body capital, increased loan main body function" in the first time in China, that is "The expanded loan main body's registered capital to increases its guarantee, the investment and the training function, realizes to reduce enterprise's financing cost and enhance loan main body profit ability and anti-risk ability".