SMEs In China Indirectly Financing Predicament Legal Countermeasures

SMEs are an important part of the country's national economy, for the economic development of countries have made outstanding contributions to large enterprises play an irreplaceable role. Can be said that small and medium determines the rise and fall of China's economic boom or not. However, the problem of financing SMEs has been plagued is a difficult problem, but also a need for long-term study. This choice of this issue to be explored in order to solve the financing difficulties of SMEs to provide some ideas and methods.First, this paper conducted a legal definition of SMEs, analysis of its important role in the national economy; then the meaning of corporate finance and financing methods for resolution of several major, and described the characteristics of indirect financing model.Secondly, the indirect financing difficulties facing SMEs were discussed in detail. Deficiencies in the legal system, including credit guarantee system defects, inadequate financial regulations, the SME's own deficiencies of these three reasons. At the theoretical level, the plight of financing from the information asymmetry, financial repression, the three angles of transaction costs of deep-seated.Again to solve the financing difficulties of SMEs were international comparison, successful practices in developed countries are: through special legislation to protect the development of SMEs, the establishment of credit guarantee system, establish a sound financial support financial institutions. We get from these successful experiences in the following revelation: improving the legislative system is built on the basis of indirect financing of SMEs, the establishment of credit guarantee system is to build a necessary part of corporate finance system, improve enterprise management level to solve the financing difficulties of the internal demand, and to The establishment of specialized financing services for the SME financial institutions.Finally, the paper puts forward sound legal system of indirect financing of SMEs in the proposal: First, improving the SME credit guarantee of legal system, including credit guarantees for SMEs to specific legislation, improve the bank and the security company's risk-sharing mechanism between , the establishment of credit guarantee mechanisms and re-insurance law legal system to speed up the construction of social credit. The second is to improve SME financing the external financial and legal environment, including improving the state-owned commercial bank financing service system for SMEs, and actively develop small and medium banks and other financial institutions. Third, improve the internal mechanisms of the legal environment for SMEs, including in accordance with "Company Law" to improve the internal structure, to comply with the "Accounting Law" to strengthen the supervision of accounting and financial institutions should strengthen management of enterprise information and understanding of the situation, etc.