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The Research On The Relationship Of Chinese Private Finance And SMEs

Posted on:2015-01-20Degree:MasterType:Thesis
Country:ChinaCandidate:B WeiFull Text:PDF
GTID:2269330428464713Subject:Finance
Abstract/Summary:PDF Full Text Request
China has entered a crucial stage of reforming, by directing private finance to solve financing problems of small and medium enterprises has got China’s central government ’s attention. In China, commercial banks mainly due to the previous formal financial institutions and they cannot meet the demand for capital of the development of SMEs, so natural characteristics of SMEs, like flexible of period、gathering more information and low cost make people pay more attention to its potential role in SMEs financing. Since the Third Plenary Session of the eighth country has introduced a number of policies to support private banks, and to promote the healthy development of SMEs. In2014the government introduces a pilot program of five private banks. So, how making allocation of private capital reasonable, establishing of private banks under the condition of controlling the risk,and regulating financial market competition mechanism,broadening the financing channels for SMEs and optimizing the development environment for SMEs, has important theoretical and practical significance. Based on the background above all, this paper chooses the title of private banking and SMEs financing research ", to analyze the short of private finance and the constraints of SME financing,summarize suitable development experience and lessons for China based on foreign cases and avoid making the same mistakes causing significant losses in our country. We should regulate the development of the financial market, and the financial institutions and non-formal to formal financial institutions. Small and medium enterprises should improve their quality and common progress to promote better development of GDP.In recent years, China’s financial industry has changed greatly because of Alipay which as the representative financial of the network has caused a impact on the traditional financial model.The problem of banks disintermediation is very serious.2014was the first year of the our reforming, and the previous model of development has begun to show inappropriate. And previous studies have less to private finance and SMEs finance the overall study, this paper will be based on our newer developments, and explore the feasibility and practicality of countermeasures for China’s formal financial security in the future development.Also this paper will solve the financing problems of SMEs policy recommendations, and provide theoretical guidance and time reference.This paper is divided into six chapters. The first chapter is the introduction, discussing the research background and significance, literature review, research ideas and research methods, and other innovations. The second chapter describes the current development of private finance and SMEs, to define and describe the research object below. The third chapter analyzes the positive impact from the theoretical relationship of private finance and SMEs. Chapter IV is empirical analysis. It uses the θ value method to estimate the scale of private finance, and also proves that private finance and SMEs are mutually positive relationship. Chapter IV uses empirical analysis which is using θ value method estimates the size of China’s private finance and analyzing it with the development of SMEs’ scale, to prove once again that our finance and SMEs development can promote each other positively. The fifth chapter summarizes successful and unsuccessful cases of both development and underdeveloped countries and regions of the world, and provides multi-faceted experience and folk lesson of financial and SMEs development. Chapter VI provides the feasibility proposal of China’s private finance promoting SMEs to solve the problems of financing difficulties.In summary, this paper use theory and empirical analysis to find out the relationship between private finance and SMEs development. Referencing to politics and foreign affairs experience, our government should speed up the process of mercerization of interest rates and the establishment of banking deposit insurance system, and standardize the development of private finance which will promote SMEs developing faster and better.
Keywords/Search Tags:Private finance, SMEs’ financing, Financial reforming
PDF Full Text Request
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