Research On Financing Mode Of Chinese Small And Micro Enterprises

The “Macmillan Gap” is a common phenomenon existing in both developed anddeveloping countries. In recent years, Chinese small and micro enterprises contributeda lot to the rapid growth of the macro economy. Nevertheless, there are manyproblems in the growing small and micro enterprises, such as, lacking required capital,the cutting edge technology, the administrative talents, etc. Lacking capital is theworst situation in which many small and micro enterprises always encountered. Thisphenomenon has drawn the attention of the experts and the society, as a result, thereare more and more papers focusing on this topic. This dissertation will consider theprevious papers in this field as reference, focus on the financing mode of Chinesesmall and micro enterprises, aiming to conclude the key reasons of the difficulty ofthe small and micro enterprises financing by digging into the recent situation. Thedissertation finds out that there are three main reasons resulting to the difficulty: thelack of mortgage of the enterprise, the high threshold of capital credit, and the higherrisk of small business financing. The government should do something to solve thisproblem. On one hand, the government should give a favorable tax rate for the smallbusiness, starving to creat multi-channel financing mode, so that to help the small andmicro enterprises.On the other hand, it is necessary to complete the financialinstitution, and the government should carry out a financial supporting system for thesmall and micro enterprises by optimizing credit reference system and guaranteesystem and developing informal finance and so on.The dissertation below will be divided into6chapters.Chapter1: Firstly take a review of the previous overseas research framework andthe classical theory on the research field. Then take a review of the domestic researchpapers, and get a clue for the framework of the dissertation.Chapter2: By reviewing the enterprises financing theory,the chapter definiteparters in the financing activities,and emphasize the meaning of enhancing the smalland micro enterprises financing.Chapter3: Focusing on the financing behavior of small and micro enterprises. Itanalyze the characteristic,the restricting factors and the significance meaning of smalland micro enterprises financing. Chapter4: By reviewing the comparison of different financing modes includetraditional and creative financing mode, the chapter analyze bank financing, payattention to the newly mode such as supply chain finance and cluster financing. Thischapter tries to find out the best way to solve the difficult situation for the small andmicro enterprise–to reform the financing mode and build up a governmentalsupporting system, complete financial institutions informal financing, taxes reducingand corporation themselves improving.Chapter5: Based on the theoretical foundation, the dissertation will analyze theaction of the creative financing mode by making a survey of several banks such asstate-owned banks, joint-equity banks, regional banks and city commercial banks inXiamen. According to the survey, the dissertation will make a comparison of thefinancing products and service of different banks.Chapter6: Introduce the shortcomings of the dissertation and the research areain the future.