Impact Of The Shadow Banking System To Finance Small And Micro Businesses

Aspects of the real economy, small and micro enterprises as an important part of one of the large number and wide range of active competition in a market economy where they are in promoting economic development, promote scientific and technological innovation, the rational allocation of market resources, to ease the employment pressure has played a vital effect. However, compared with the contribution made by small and micro enterprises, due to the influence of internal and external factors, small and micro enterprises have been in a "strong position weak" state, its survival and development is faced with many problems, the most prominent problem is financing difficulties, thus solving the problem of financing small and micro enterprises is imminent.With the rapid development of capital markets, the degree of financial liberalization has deepened, especially after the subprime mortgage crisis, the shadow banking system as a product of financial innovation, speed of development, scale and attracted wide attention. Shadow banking system to make up for the vacancy of traditional financial system to meet the different subjects on the diverse financial needs of the market. The existence of the shadow banking system, on the one hand to provide a wider range of financial services to small and micro enterprises, increase financing channels, to ease the financing difficulties of small and micro enterprises; on the other hand, as a product of the shadow banking financial innovation, operational irregularities due to the lack of regulation As the credit agency when financial intermediation is likely there will be some problems.From the above background began to study, first determine the theoretical basis of research, and the shadow banking, shadow banking system, small and micro enterprises and other related concepts defined. Secondly, based on the status quo of China’s shadow banking development and current status of financing small and micro enterprises, focusing on the role of the shadow banking system to finance small and micro businesses, trying to estimate the size of the shadow banking and shadow banking system selected four major financing (trust, entrusted loans, Bank and Credit cooperative finance and private equity funds), respectively, to study its impact on the financing of small and micro enterprises. Finally, some suggestions to make the shadow banking system active role in the financing of small and micro enterprises have been better promoted, small micro-enterprise financing to solve problems that may arise during, the promotion of small and micro enterprises bigger and stronger, to do the real economy the contribution.