The Research On Financing Problems And Countermeasures Of Small And Medium-sized Enterprises In Shandong Province

Small and Medium-sized Enterprises (SMEs) have become an important force in promoting economic and social development in Shandong Province. And it has played an increasingly important role in stimulating economic growth, technological innovation, and easing the employment pressure. But the development of SMEs in Shandong is constrained by financing problems. Especially affected by the international financial crisis, debt crisis in Europe, shortage of finance for SMEs of China’s coastal provinces in2011and other problems, the financing situation of Shandong SMEs is even more severe.On the basis of finance theory, this paper seeks to crack the SMEs financing solutions, by investigating the financing situation of SMEs in Shandong Province and analyzing reasons for the difficulty of SMEs financing. This paper mainly adopts standard research methodology, follows the principle of combining literature research and data collection. First, the policies and regulations of SMEs are investigated from the following government departments, such as, the Finance Office of Shandong Province, the Office of the SMEs in Shandong Province, Jinan Branch of the People’s Bank of China, Shandong Provincial Bureau of Statistics, and other departments. Second, the typical areas of investigation are selected from Shandong Province. Qingdao City, Yantai City, Weihai City and Weifang City are selected from the eastern areas of Shandong Province. Zibo City, Linyi City and Tai’an City are selected from the central areas of Shandong Province. Dezhou city, Liaocheng City and Heze City are selected from the western areas of Shandong Province. And2-3counties are selected from each typical city (district and county) through seminars, field trips and other methods. Investigating the development of SMEs in other parts of Shandong Province is based on written survey.The structure of the paper:The first chapter introduces the research background, research significance, content and methods of research ideas. The second chapter reviews of relevant theory and literature of SMEs financing. The third chapter introduces the base situation, financing status and problems of Shandong Province SMEs. The fourth chapter analyzes external and internal reasons for the financing of SMEs in Shandong Province. The mainly external reasons are inadequate government support policies, weak financial institutions service capabilities and restriction of financing channel for enterprises. The internal factors mainly are problems of the SMEs themselves. The fifth chapter learns from other provinces’ solutions to the financing difficulties of SMEs. The sixth chapter presents countermeasures of financing difficulties of SMEs in Shandong Province from three perspectives of the government, financial institutions and enterprises. The seventh chapter is a summary of conclusions and an outlook of the development of SMEs.