The Establishment Of The Financing Support System For Small And Micro-sized Enterprises In China

In June2011, the state council to formulate the row type standard provisions on the small and medium-sized enterprises, form of enterprise further refined for micro, small and medium enterprises. According to the state administration for industry and commerce, As of May2012,Small and micro-sized enterprises(SME) accounted for about97.3%of the small and medium-sized enterprises and plays an irreplaceable role, which to increase employment, activemarket, improve people’s livelihood and promote economic structure transformation. In recent years, our country enacted a number of policies and regulations, especially in the area of finance service, SME’s financing problem has aroused the concern of the whole society. Boao Asia BBS on this year, private enterprise’s survival and development has caused the great attention of the participants, especially around the SME’s financing difficult problem, this problem has aroused the concern of the whole society.Although amid efforts, SME’s financing situation get better, but in the current economic and financial situation, SME still is universally "scale discrimination", even willing to pay high interest rates can also be difficult to get the favour of financial institutions, the capital chain is very fragile.The existing contradiction between the demand of SME for funds and the supply of funds has become one of the prominent problems in current economy. Developed countries and our practical experience shows that the development of SME is directly related to China’s economic stability and growth. At present although our country has issued the policy support, but do not scattered system, implementation effect is not in place. How pooling together, solve the pop-culture perpetuation the SME financing difficult problem is imminent. In this article, through some typical countries and regions for reference to support the practice of SME, and combining the actual situation in our country, building the SME financing support system in China.Based on MM theorem, the trade-off theory, signaling theory, optimal sequence financing theory, enterprise financial growth cycle theory as the foundation, research the present condition of the SME financing dilemma through draw lessons from the practice of typical countries and regions, SME financing support system, is proposed to solve the problem of SME financing difficulties, and provides a certain theoretical basis and practical exploration.Characteristic of this article is that through analyzing our country SME financing present situation, in view of that our country has not set up financing support system, and lack in view of the SME management and counseling center, SME service support system is put forward, combined all dispersed power through the system, form a comprehensive, complete, for SME financing support system.