Credit Factories And Small And Medium-sized Enterprises Financing Difficult

Financing difficulties of SMEs has been the biggest bottleneck to plague thedevelopment of SMEs. Especially since the U.S. subprime mortgage triggered a globalfinancial crisis in2008, the domestic economic slowdown and tightening of the creditscale, small and medium-sized enterprises faces a serious dilemma of the development.Meanwhile, with China’s economic development, the influence of small and mediumenterprises in the national economy is gradually increasing, financial institutions,business environment and market competition, the need for changes in the profit modelof structural adjustment is a possible and sustainable development. Therefore, theintroduction of new credit, and an increasement of SME credit both play a positive roleof financial institutions and business development, and effectively ease the financingdifficulties of SMEs.This paper describes the basic concept of the "credit factory" model, theintroduction of the background and significance of the model, combined with domesticand foreign research and analysis that the large state-owned banks implement the "creditfactory" model with a solid foundation, with the Bank of China Mianyang Branch“credit factory "run case,analysis of its strengths and weaknesses, found an appropriatesolution to the problems in the SME credit business development for Bank of ChinaMianyang Branch.This paper focuses on the thesis overall idea, first of all by the demand and supplyof financial innovation, feasibility and the need for innovative financing model leads tostate-owned banks, and through the SWOT analysis, indicating that the model is betterthan the original model. Followed by a new mode theory and the implementation at thegrassroots level line combining the use of the measure of questionnaires, empiricalanalysis, specification analysis, macro and micro binding assay method, pointing out thedeficiencies in the new mode. Finally, combined with the features of the Bank of ChinaMianyang Branch and the characteristics of Mianyang’s SMEs,this paper has proposedto avoid the limitations of the systems and policies effectively, and maximize toimprove the inadequate measures to compensate for the defect of the state-owned commercial banks in SME credit markets in the local.This can both upgrade to solve thefinancing problem to some extent, and explorate a new way to the state-ownedcommercial banks with an efficiency of financing.